AD VITRAGE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AD VITRAGE
Largest movements
- Receivables within one year +€18,871
up €18,871 (+35.3%), from €53,409 to €72,280
of which Trade receivables: +€10,698
- Stocks and contracts -€5,006
no longer reported in 2025 (was €5,006)
- Profit (loss) carried forward +€33,375
up €33,375, from -€32,939 to €436
- Trade debts -€8,820
down €8,820 (-15.3%), from €57,827 to €49,007
- Current portion of long-term debt -€3,856
no longer reported in 2025 (was €3,856)
- Short-term financial debts -€3,379
down €3,379 (-77.8%), from €4,343 to €964
- Tax, wage and social debts -€3,376
down €3,376 (-31.6%), from €10,694 to €7,319
- Other operating charges -€43,015
down €43,015 (-98.1%), from €43,859 to €844
- Gross operating margin +€36,927
up €36,927, from -€416 to €36,511
- Write-downs +€1,410
new in 2025: €1,410
- Financial charges -€704
down €704 (-32.7%), from €2,153 to €1,449
- Financial income +€447
up €447 (+132%), from €339 to €785
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,981 | €75,925 | +€13,945 | +22.5% |
| Fixed assets | 21/28 | €3,465 | €3,420 | -€45 | -1.3% |
| Tangible fixed assets | 22/27 | €45 | - | -€45 | |
| Furniture and vehicles | 24 | €45 | - | -€45 | |
| Financial fixed assets | 28 | €3,420 | €3,420 | = | 0.0% |
| Current assets | 29/58 | €58,516 | €72,505 | +€13,990 | +23.9% |
| Stocks and contracts in progress | 3 | €5,006 | - | -€5,006 | |
| Stocks | 30/36 | €5,006 | - | -€5,006 | |
| Amounts receivable within one year | 40/41 | €53,409 | €72,280 | +€18,871 | +35.3% |
| Trade receivables | 40 | €30,737 | €41,435 | +€10,698 | +34.8% |
| Other amounts receivable | 41 | €22,672 | €30,845 | +€8,173 | +36.0% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €100 | €225 | +€125 | +125% |
| Total equity and liabilities | 10/49 | €61,981 | €75,925 | +€13,945 | +22.5% |
| Equity | 10/15 | -€14,739 | €18,636 | +€33,375 | |
| Contributions | 10/11 | €18,200 | €18,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,939 | €436 | +€33,375 | |
| Amounts payable | 17/49 | €76,720 | €57,289 | -€19,431 | -25.3% |
| Amounts payable within one year | 42/48 | €76,720 | €57,289 | -€19,431 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €3,856 | - | -€3,856 | |
| Financial debts | 43 | €4,343 | €964 | -€3,379 | -77.8% |
| Credit institutions | 430/8 | €4,343 | €964 | -€3,379 | -77.8% |
| Trade debts | 44 | €57,827 | €49,007 | -€8,820 | -15.3% |
| Suppliers | 440/4 | €57,827 | €49,007 | -€8,820 | -15.3% |
| Taxes, remuneration and social security | 45 | €10,694 | €7,319 | -€3,376 | -31.6% |
| Taxes | 450/3 | €10,694 | €7,319 | -€3,376 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447 | €45 | -€402 | -89.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,410 | +€1,410 | |
| Other operating charges | 640/8 | €43,859 | €844 | -€43,015 | -98.1% |
| Gross operating margin | 9900 | -€416 | €36,511 | +€36,927 | |
| Operating profit (loss) | 9901 | -€44,721 | €34,212 | +€78,933 | |
| Financial income | 75/76B | €339 | €785 | +€447 | +132% |
| Recurring financial income | 75 | €339 | €785 | +€447 | +132% |
| Financial charges | 65/66B | €2,153 | €1,449 | -€704 | -32.7% |
| Recurring financial charges | 65 | €2,153 | €1,449 | -€704 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€46,536 | €33,549 | +€80,085 | |
| Income taxes | 67/77 | €137 | €173 | +€37 | +27.0% |
| Profit (loss) for the period | 9904 | -€46,673 | €33,375 | +€80,048 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,673 | €33,375 | +€80,048 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.