C - VITAL: 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.
C - VITAL
Largest movements
- Cash +€9,860
up €9,860 (+9.7%), from €101,198 to €111,058
mainly Net result for the year (+€14,847) and Receivables within one year (+€5,462)
- Receivables within one year -€5,462
down €5,462 (-1.5%), from €372,165 to €366,703
- Tax, wage and social debts -€16,048
down €16,048 (-45.7%), from €35,094 to €19,046
- Reserves +€14,500
up €14,500 (+8.8%), from €165,159 to €179,659
of which Distributable reserves: +€14,500
- Gross operating margin -€3,198
down €3,198 (-10.7%), from €29,847 to €26,649
- Taxes -€1,240
down €1,240 (-14.1%), from €8,808 to €7,568
- Other operating charges -€427
down €427 (-31.5%), from €1,355 to €928
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 | €476,840 | €478,254 | +€1,414 | +0.3% |
| Fixed assets | 21/28 | €3,345 | €493 | -€2,852 | -85.3% |
| Intangible fixed assets | 21 | €208 | - | -€208 | |
| Tangible fixed assets | 22/27 | €3,137 | €493 | -€2,644 | -84.3% |
| Plant, machinery and equipment | 23 | €2,109 | - | -€2,109 | |
| Furniture and vehicles | 24 | €1,028 | €493 | -€535 | -52.0% |
| Current assets | 29/58 | €473,495 | €477,761 | +€4,266 | +0.9% |
| Amounts receivable within one year | 40/41 | €372,165 | €366,703 | -€5,462 | -1.5% |
| Other amounts receivable | 41 | €372,165 | €366,703 | -€5,462 | -1.5% |
| Cash at bank and in hand | 54/58 | €101,198 | €111,058 | +€9,860 | +9.7% |
| Deferred charges and accrued income | 490/1 | €132 | - | -€132 | |
| Total equity and liabilities | 10/49 | €476,840 | €478,254 | +€1,414 | +0.3% |
| Equity | 10/15 | €440,753 | €455,599 | +€14,846 | +3.4% |
| Contributions | 10/11 | €6,198 | €6,197 | -€1 | 0.0% |
| Reserves | 13 | €165,159 | €179,659 | +€14,500 | +8.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,300 | €11,300 | = | 0.0% |
| Distributable reserves | 133 | €152,000 | €166,500 | +€14,500 | +9.5% |
| Profit (loss) carried forward | 14 | €269,396 | €269,743 | +€347 | +0.1% |
| Amounts payable | 17/49 | €36,087 | €22,655 | -€13,432 | -37.2% |
| Amounts payable within one year | 42/48 | €36,087 | €22,655 | -€13,432 | -37.2% |
| Financial debts | 43 | €866 | €3,185 | +€2,319 | +268% |
| Credit institutions | 430/8 | €866 | €3,185 | +€2,319 | +268% |
| Trade debts | 44 | €127 | €424 | +€297 | +234% |
| Suppliers | 440/4 | €127 | €424 | +€297 | +234% |
| Taxes, remuneration and social security | 45 | €35,094 | €19,046 | -€16,048 | -45.7% |
| Taxes | 450/3 | €35,094 | €19,046 | -€16,048 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,891 | €2,852 | -€39 | -1.3% |
| Other operating charges | 640/8 | €1,355 | €928 | -€427 | -31.5% |
| Gross operating margin | 9900 | €29,847 | €26,649 | -€3,198 | -10.7% |
| Operating profit (loss) | 9901 | €25,601 | €22,869 | -€2,732 | -10.7% |
| Financial charges | 65/66B | €484 | €454 | -€30 | -6.2% |
| Recurring financial charges | 65 | €484 | €454 | -€30 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €25,117 | €22,415 | -€2,702 | -10.8% |
| Income taxes | 67/77 | €8,808 | €7,568 | -€1,240 | -14.1% |
| Profit (loss) for the period | 9904 | €16,309 | €14,847 | -€1,462 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,309 | €14,847 | -€1,462 | -9.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.