Viitor: 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.
Viitor
Largest movements
- Cash -€70,351
down €70,351 (-77.3%), from €90,989 to €20,638
mainly Other debts (-€532,027) and Debts after one year (-€115,067)
- Financial fixed assets +€50,000
up €50,000 (+3.6%), from €1.4m to €1.4m
- Receivables within one year +€23,197
up €23,197 (+124.3%), from €18,669 to €41,866
of which Other amounts receivable: +€11,616
- Reserves +€625,845
up €625,845 (+435.9%), from €143,588 to €769,433
- Other debts -€532,027
down €532,027 (-92.3%), from €576,586 to €44,559
- Debts after one year -€115,067
down €115,067 (-16.7%), from €688,375 to €573,308
- Financial income +€650,187
up €650,187 (+13003748.6%), from €5 to €650,192
- Gross operating margin -€27,322
down €27,322 (-40.6%), from €67,320 to €39,997
- Financial charges -€25,839
down €25,839 (-40.8%), from €63,358 to €37,520
- Other operating charges -€712
down €712 (-85.8%), from €830 to €118
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.
Cash bridge derived
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 | €1,526,490 | €1,514,503 | -€11,988 | -0.8% |
| Fixed assets | 21/28 | €1,416,832 | €1,451,998 | +€35,166 | +2.5% |
| Tangible fixed assets | 22/27 | €40,832 | €25,998 | -€14,834 | -36.3% |
| Plant, machinery and equipment | 23 | €1,992 | €1,341 | -€652 | -32.7% |
| Furniture and vehicles | 24 | €38,840 | €24,657 | -€14,182 | -36.5% |
| Financial fixed assets | 28 | €1,376,000 | €1,426,000 | +€50,000 | +3.6% |
| Current assets | 29/58 | €109,658 | €62,504 | -€47,154 | -43.0% |
| Amounts receivable within one year | 40/41 | €18,669 | €41,866 | +€23,197 | +124.3% |
| Trade receivables | 40 | €18,669 | €30,250 | +€11,581 | +62.0% |
| Other amounts receivable | 41 | €0 | €11,616 | +€11,616 | |
| Cash at bank and in hand | 54/58 | €90,989 | €20,638 | -€70,351 | -77.3% |
| Total equity and liabilities | 10/49 | €1,526,490 | €1,514,503 | -€11,988 | -0.8% |
| Equity | 10/15 | €132,504 | €769,933 | +€637,429 | +481.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €143,588 | €769,433 | +€625,845 | +435.9% |
| Distributable reserves | 133 | €143,588 | €769,433 | +€625,845 | +435.9% |
| Profit (loss) carried forward | 14 | -€11,584 | €0 | +€11,584 | |
| Amounts payable | 17/49 | €1,393,987 | €744,570 | -€649,417 | -46.6% |
| Amounts payable after more than one year | 17 | €688,375 | €573,308 | -€115,067 | -16.7% |
| Financial debts | 170/4 | €688,375 | €573,308 | -€115,067 | -16.7% |
| Amounts payable within one year | 42/48 | €703,123 | €171,262 | -€531,861 | -75.6% |
| Current portion of amounts payable after more than one year | 42 | €110,150 | €115,067 | +€4,917 | +4.5% |
| Trade debts | 44 | €63 | €315 | +€251 | +396.9% |
| Suppliers | 440/4 | €63 | €315 | +€251 | +396.9% |
| Taxes, remuneration and social security | 45 | €16,324 | €11,321 | -€5,003 | -30.6% |
| Taxes | 450/3 | €16,324 | €9,611 | -€6,713 | -41.1% |
| Remuneration and social security | 454/9 | - | €1,710 | +€1,710 | |
| Other amounts payable | 47/48 | €576,586 | €44,559 | -€532,027 | -92.3% |
| Accrued charges and deferred income | 492/3 | €2,489 | €0 | -€2,489 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,417 | €14,834 | +€417 | +2.9% |
| Other operating charges | 640/8 | €830 | €118 | -€712 | -85.8% |
| Gross operating margin | 9900 | €67,320 | €39,997 | -€27,322 | -40.6% |
| Operating profit (loss) | 9901 | €52,073 | €25,045 | -€27,028 | -51.9% |
| Financial income | 75/76B | €5 | €650,192 | +€650,187 | +13003748.6% |
| Recurring financial income | 75 | €5 | €650,192 | +€650,187 | +13003748.6% |
| Financial charges | 65/66B | €63,358 | €37,520 | -€25,839 | -40.8% |
| Recurring financial charges | 65 | €63,358 | €37,520 | -€25,839 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,280 | €637,718 | +€648,998 | |
| Income taxes | 67/77 | €304 | €289 | -€15 | -4.8% |
| Profit (loss) for the period | 9904 | -€11,584 | €637,429 | +€649,013 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,584 | €637,429 | +€649,013 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.