Huis Vitale: 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.
Huis Vitale
Largest movements
- Stocks and contracts -€4.9m
down €4.9m (-51.1%), from €9.6m to €4.7m
- Receivables within one year -€658,456
down €658,456 (-22.0%), from €3.0m to €2.3m
of which Other amounts receivable: -€372,020
- Tangible fixed assets +€338,271
up €338,271 (+5,990%), from €5,647 to €343,918
of which Land and buildings: +€335,972
- Tax, wage and social debts -€6.4m
down €6.4m (-98.9%), from €6.5m to €70,616
of which Remuneration and social security: -€6.5m
- Debts after one year +€762,029
up €762,029 (+304,812%), from €250 to €762,279
of which Financial debts: +€758,988
- Current portion of long-term debt +€451,724
up €451,724 (+7.4%), from €6.1m to €6.6m
- Trade debts -€207,994
down €207,994 (-84.3%), from €246,676 to €38,682
- Profit (loss) carried forward +€160,403
up €160,403 (+93.7%), from -€171,239 to -€10,836
- Gross operating margin +€222,890
up €222,890, from -€30,623 to €192,268
- Financial charges -€40,676
down €40,676 (-59.3%), from €68,587 to €27,912
of which Financial charges: -€38,831
- Financial income -€21,485
down €21,485 (-100.0%), from €21,485 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,645,840 | €7,422,650 | -€5.2m | -41.3% |
| Fixed assets | 21/28 | €5,647 | €343,918 | +€338,271 | +5,990% |
| Tangible fixed assets | 22/27 | €5,647 | €343,918 | +€338,271 | +5,990% |
| Land and buildings | 22 | - | €335,972 | +€335,972 | |
| Plant, machinery and equipment | 23 | €607 | €4,091 | +€3,484 | +574% |
| Other tangible fixed assets | 26 | €5,041 | €3,855 | -€1,186 | -23.5% |
| Current assets | 29/58 | €12,640,193 | €7,078,732 | -€5.6m | -44.0% |
| Stocks and contracts in progress | 3 | €9,597,727 | €4,689,318 | -€4.9m | -51.1% |
| Stocks | 30/36 | €9,597,727 | €4,689,318 | -€4.9m | -51.1% |
| Amounts receivable within one year | 40/41 | €2,995,624 | €2,337,168 | -€658,456 | -22.0% |
| Trade receivables | 40 | €414,983 | €128,547 | -€286,436 | -69.0% |
| Other amounts receivable | 41 | €2,580,641 | €2,208,621 | -€372,020 | -14.4% |
| Cash at bank and in hand | 54/58 | €40,252 | €51,220 | +€10,968 | +27.2% |
| Deferred charges and accrued income | 490/1 | €6,590 | €1,026 | -€5,565 | -84.4% |
| Total equity and liabilities | 10/49 | €12,645,840 | €7,422,650 | -€5.2m | -41.3% |
| Equity | 10/15 | -€165,039 | -€4,636 | +€160,403 | +97.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€171,239 | -€10,836 | +€160,403 | +93.7% |
| Amounts payable | 17/49 | €12,810,879 | €7,427,286 | -€5.4m | -42.0% |
| Amounts payable after more than one year | 17 | €250 | €762,279 | +€762,029 | +304,812% |
| Financial debts | 170/4 | - | €758,988 | +€758,988 | |
| Other amounts payable | 178/9 | €250 | €3,292 | +€3,042 | +1,217% |
| Amounts payable within one year | 42/48 | €12,810,629 | €6,660,521 | -€6.2m | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €6,099,498 | €6,551,222 | +€451,724 | +7.4% |
| Trade debts | 44 | €246,676 | €38,682 | -€207,994 | -84.3% |
| Suppliers | 440/4 | €246,676 | €38,682 | -€207,994 | -84.3% |
| Taxes, remuneration and social security | 45 | €6,459,455 | €70,616 | -€6.4m | -98.9% |
| Taxes | 450/3 | €8,977 | €70,616 | +€61,640 | +687% |
| Remuneration and social security | 454/9 | €6,450,479 | - | -€6.5m | |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Accrued charges and deferred income | 492/3 | - | €4,487 | +€4,487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €1,595 | +€662 | +71.0% |
| Other operating charges | 640/8 | €2,721 | €2,358 | -€363 | -13.3% |
| Gross operating margin | 9900 | -€30,623 | €192,268 | +€222,890 | |
| Operating profit (loss) | 9901 | -€34,277 | €188,314 | +€222,591 | |
| Financial income | 75/76B | €21,485 | €0 | -€21,485 | -100.0% |
| Recurring financial income | 75 | €21,485 | €0 | -€21,485 | -100.0% |
| Financial charges | 65/66B | €68,587 | €27,912 | -€40,676 | -59.3% |
| Recurring financial charges | 65 | €66,742 | €27,912 | -€38,831 | -58.2% |
| Non-recurring financial charges | 66B | €1,845 | - | -€1,845 | |
| Profit (loss) for the period before taxes | 9903 | -€81,379 | €160,403 | +€241,782 | |
| Profit (loss) for the period | 9904 | -€81,379 | €160,403 | +€241,782 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,379 | €160,403 | +€241,782 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.