Olivier VITRY: 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.
Olivier VITRY
Largest movements
- Receivables within one year +€118,765
up €118,765 (+106%), from €111,695 to €230,459
of which Trade receivables: +€73,507
- Cash +€31,180
up €31,180 (+59.1%), from €52,774 to €83,953
mainly Net result for the year (+€136,287) and Tax, wage and social debts (+€58,213)
- Current investments +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Tangible fixed assets +€20,108
up €20,108 (+394%), from €5,108 to €25,216
- Profit (loss) carried forward +€136,287
up €136,287 (+74.0%), from €184,108 to €320,395
- Tax, wage and social debts +€58,213
up €58,213 (+166%), from €35,043 to €93,256
- Gross operating margin +€90,988
up €90,988 (+101%), from €90,477 to €181,465
- Taxes +€22,441
up €22,441 (+121%), from €18,483 to €40,924
- Financial income +€3,540
up €3,540 (+325%), from €1,089 to €4,629
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 | €219,576 | €414,628 | +€195,052 | +88.8% |
| Fixed assets | 21/28 | €5,108 | €25,216 | +€20,108 | +394% |
| Tangible fixed assets | 22/27 | €5,108 | €25,216 | +€20,108 | +394% |
| Furniture and vehicles | 24 | €5,108 | €25,216 | +€20,108 | +394% |
| Current assets | 29/58 | €214,468 | €389,413 | +€174,944 | +81.6% |
| Amounts receivable within one year | 40/41 | €111,695 | €230,459 | +€118,765 | +106% |
| Trade receivables | 40 | €86,213 | €159,720 | +€73,507 | +85.3% |
| Other amounts receivable | 41 | €25,482 | €70,739 | +€45,257 | +178% |
| Current investments | 50/53 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €52,774 | €83,953 | +€31,180 | +59.1% |
| Total equity and liabilities | 10/49 | €219,576 | €414,628 | +€195,052 | +88.8% |
| Equity | 10/15 | €184,108 | €320,395 | +€136,287 | +74.0% |
| Profit (loss) carried forward | 14 | €184,108 | €320,395 | +€136,287 | +74.0% |
| Amounts payable | 17/49 | €35,468 | €94,233 | +€58,765 | +166% |
| Amounts payable within one year | 42/48 | €35,468 | €94,233 | +€58,765 | +166% |
| Trade debts | 44 | €425 | €977 | +€553 | +130% |
| Suppliers | 440/4 | €425 | €977 | +€553 | +130% |
| Taxes, remuneration and social security | 45 | €35,043 | €93,256 | +€58,213 | +166% |
| Taxes | 450/3 | €35,043 | €93,256 | +€58,213 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,072 | €2,788 | +€1,716 | +160% |
| Other operating charges | 640/8 | €851 | €1,637 | +€786 | +92.3% |
| Non-recurring operating charges | 66A | - | €4,281 | +€4,281 | |
| Gross operating margin | 9900 | €90,477 | €181,465 | +€90,988 | +101% |
| Operating profit (loss) | 9901 | €88,554 | €172,759 | +€84,205 | +95.1% |
| Financial income | 75/76B | €1,089 | €4,629 | +€3,540 | +325% |
| Recurring financial income | 75 | €1,089 | €4,629 | +€3,540 | +325% |
| Financial charges | 65/66B | €149 | €177 | +€27 | +18.3% |
| Recurring financial charges | 65 | €149 | €177 | +€27 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €89,493 | €177,211 | +€87,717 | +98.0% |
| Income taxes | 67/77 | €18,483 | €40,924 | +€22,441 | +121% |
| Profit (loss) for the period | 9904 | €71,011 | €136,287 | +€65,276 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,011 | €136,287 | +€65,276 | +91.9% |
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 1 November 2026 via checked.be.