VIT-S: what changed
Two fiscal 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.
VIT-S
Largest movements
- Cash +€118,471
up €118,471 (+27.5%), from €430,677 to €549,148
mainly Net result for the year (+€95,756) and Trade debts (+€89,664)
- Current investments +€50,000
up €50,000 (+11.1%), from €450,000 to €500,000
- Profit (loss) carried forward +€95,756
up €95,756 (+20.3%), from €471,175 to €566,932
- Trade debts +€89,664
up €89,664 (+103.9%), from €86,314 to €175,978
- Reserves -€28,624
down €28,624 (-23.8%), from €120,216 to €91,592
of which Distributable reserves: -€28,624
- Current portion of long-term debt -€18,667
no longer reported in 2025 (was €18,667)
- Tax, wage and social debts +€15,125
up €15,125 (+4.7%), from €320,378 to €335,503
of which Remuneration and social security: +€15,128
- Staff costs +€209,169
up €209,169 (+5.1%), from €4.1m to €4.3m
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 | €1,052,732 | €1,200,458 | +€147,726 | +14.0% |
| Fixed assets | 21/28 | €30,360 | €18,996 | -€11,364 | -37.4% |
| Tangible fixed assets | 22/27 | €30,360 | €18,996 | -€11,364 | -37.4% |
| Plant, machinery and equipment | 23 | €7,839 | €7,358 | -€482 | -6.1% |
| Furniture and vehicles | 24 | €22,521 | €11,638 | -€10,883 | -48.3% |
| Current assets | 29/58 | €1,022,372 | €1,181,462 | +€159,090 | +15.6% |
| Amounts receivable within one year | 40/41 | €141,694 | €132,314 | -€9,381 | -6.6% |
| Other amounts receivable | 41 | €141,694 | €132,314 | -€9,381 | -6.6% |
| Current investments | 50/53 | €450,000 | €500,000 | +€50,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €430,677 | €549,148 | +€118,471 | +27.5% |
| Total equity and liabilities | 10/49 | €1,052,732 | €1,200,458 | +€147,726 | +14.0% |
| Equity | 10/15 | €593,831 | €660,963 | +€67,132 | +11.3% |
| Contributions | 10/11 | €2,439 | €2,439 | = | 0.0% |
| Reserves | 13 | €120,216 | €91,592 | -€28,624 | -23.8% |
| Non-distributable reserves | 130/1 | €244 | €244 | = | 0.0% |
| Reserves not available under the articles | 1311 | €244 | €244 | = | 0.0% |
| Distributable reserves | 133 | €119,972 | €91,348 | -€28,624 | -23.9% |
| Profit (loss) carried forward | 14 | €471,175 | €566,932 | +€95,756 | +20.3% |
| Amounts payable | 17/49 | €458,901 | €539,495 | +€80,594 | +17.6% |
| Amounts payable within one year | 42/48 | €430,140 | €519,560 | +€89,420 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €18,667 | - | -€18,667 | |
| Trade debts | 44 | €86,314 | €175,978 | +€89,664 | +103.9% |
| Suppliers | 440/4 | €86,314 | €175,978 | +€89,664 | +103.9% |
| Taxes, remuneration and social security | 45 | €320,378 | €335,503 | +€15,125 | +4.7% |
| Taxes | 450/3 | €21,499 | €21,496 | -€3 | 0.0% |
| Remuneration and social security | 454/9 | €298,878 | €314,006 | +€15,128 | +5.1% |
| Other amounts payable | 47/48 | €4,781 | €8,080 | +€3,298 | +69.0% |
| Accrued charges and deferred income | 492/3 | €28,761 | €19,935 | -€8,826 | -30.7% |
| Remuneration, social security and pensions | 62 | €4,063,904 | €4,273,073 | +€209,169 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,479 | €13,741 | -€738 | -5.1% |
| Other operating charges | 640/8 | €2,028 | €2,363 | +€335 | +16.5% |
| Gross operating margin | 9900 | €4,372,475 | €4,414,295 | +€41,820 | +1.0% |
| Operating profit (loss) | 9901 | €292,064 | €125,119 | -€166,946 | -57.2% |
| Financial income | 75/76B | €11,578 | €15,446 | +€3,867 | +33.4% |
| Recurring financial income | 75 | €11,578 | €15,446 | +€3,867 | +33.4% |
| Financial charges | 65/66B | €2,152 | €851 | -€1,301 | -60.4% |
| Recurring financial charges | 65 | €1,152 | €851 | -€301 | -26.1% |
| Non-recurring financial charges | 66B | €1,000 | - | -€1,000 | |
| Profit (loss) for the period before taxes | 9903 | €301,490 | €139,713 | -€161,777 | -53.7% |
| Income taxes | 67/77 | €84,657 | €43,957 | -€40,700 | -48.1% |
| Profit (loss) for the period | 9904 | €216,834 | €95,756 | -€121,077 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €216,834 | €95,756 | -€121,077 | -55.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.