VITA: 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.
VITA
Largest movements
- Cash -€326,749
down €326,749 (-84.7%), from €385,754 to €59,005
mainly Net result for the year (-€548,661) and Contributions, distributions and other (-€203,803)
- Current investments -€299,677
down €299,677 (-56.5%), from €530,611 to €230,934
- Tangible fixed assets -€52,878
down €52,878 (-10.0%), from €526,580 to €473,702
of which Land and buildings: -€27,264
- Receivables within one year -€41,628
down €41,628 (-20.2%), from €206,507 to €164,879
of which Other amounts receivable: -€42,118
- Deferred charges and accrued income +€28,596
up €28,596 (+83.8%), from €34,133 to €62,729
- Profit (loss) carried forward -€548,661
down €548,661 (-1,228%), from -€44,671 to -€593,332
- Reserves -€203,803
down €203,803 (-8.5%), from €2.4m to €2.2m
of which Distributable reserves: -€201,944
- Other debts +€70,254
new in 2025: €70,254
- Financial charges +€511,578
up €511,578 (+14,550%), from €3,516 to €515,094
- Financial income -€33,243
down €33,243 (-51.8%), from €64,125 to €30,882
- Gross operating margin -€29,428
down €29,428, from €20,516 to -€8,912
- Depreciation +€10,187
up €10,187 (+23.9%), from €42,690 to €52,878
- Taxes -€306
down €306 (-36.8%), from €831 to €525
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 | €2,409,838 | €1,717,198 | -€692,640 | -28.7% |
| Fixed assets | 21/28 | €1,252,832 | €1,199,650 | -€53,182 | -4.2% |
| Tangible fixed assets | 22/27 | €526,580 | €473,702 | -€52,878 | -10.0% |
| Land and buildings | 22 | €402,718 | €375,454 | -€27,264 | -6.8% |
| Plant, machinery and equipment | 23 | €10,000 | €10,000 | = | 0.0% |
| Furniture and vehicles | 24 | €113,862 | €88,248 | -€25,614 | -22.5% |
| Financial fixed assets | 28 | €726,252 | €725,948 | -€304 | 0.0% |
| Current assets | 29/58 | €1,157,006 | €517,547 | -€639,459 | -55.3% |
| Amounts receivable within one year | 40/41 | €206,507 | €164,879 | -€41,628 | -20.2% |
| Trade receivables | 40 | €8,320 | €8,809 | +€490 | +5.9% |
| Other amounts receivable | 41 | €198,187 | €156,069 | -€42,118 | -21.3% |
| Current investments | 50/53 | €530,611 | €230,934 | -€299,677 | -56.5% |
| Cash at bank and in hand | 54/58 | €385,754 | €59,005 | -€326,749 | -84.7% |
| Deferred charges and accrued income | 490/1 | €34,133 | €62,729 | +€28,596 | +83.8% |
| Total equity and liabilities | 10/49 | €2,409,838 | €1,717,198 | -€692,640 | -28.7% |
| Equity | 10/15 | €2,363,644 | €1,611,180 | -€752,464 | -31.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,389,723 | €2,185,920 | -€203,803 | -8.5% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €2,387,864 | €2,185,920 | -€201,944 | -8.5% |
| Profit (loss) carried forward | 14 | -€44,671 | -€593,332 | -€548,661 | -1,228% |
| Amounts payable | 17/49 | €46,194 | €106,017 | +€59,823 | +130% |
| Amounts payable after more than one year | 17 | €32,379 | €19,899 | -€12,480 | -38.5% |
| Financial debts | 170/4 | €32,379 | €19,899 | -€12,480 | -38.5% |
| Amounts payable within one year | 42/48 | €13,815 | €86,119 | +€72,304 | +523% |
| Current portion of amounts payable after more than one year | 42 | €11,887 | €12,480 | +€593 | +5.0% |
| Trade debts | 44 | €459 | €2,910 | +€2,451 | +534% |
| Suppliers | 440/4 | €459 | €2,910 | +€2,451 | +534% |
| Taxes, remuneration and social security | 45 | €1,469 | €475 | -€994 | -67.7% |
| Taxes | 450/3 | €1,469 | €475 | -€994 | -67.7% |
| Other amounts payable | 47/48 | - | €70,254 | +€70,254 | |
| Non-recurring operating income | 76A | €32,231 | - | -€32,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,690 | €52,878 | +€10,187 | +23.9% |
| Other operating charges | 640/8 | €2,393 | €2,134 | -€259 | -10.8% |
| Gross operating margin | 9900 | €20,516 | -€8,912 | -€29,428 | |
| Operating profit (loss) | 9901 | -€24,568 | -€63,924 | -€39,356 | -160% |
| Financial income | 75/76B | €64,125 | €30,882 | -€33,243 | -51.8% |
| Recurring financial income | 75 | €64,125 | €30,882 | -€33,243 | -51.8% |
| Financial charges | 65/66B | €3,516 | €515,094 | +€511,578 | +14,550% |
| Recurring financial charges | 65 | €3,516 | €515,094 | +€511,578 | +14,550% |
| Profit (loss) for the period before taxes | 9903 | €36,041 | -€548,135 | -€584,177 | |
| Income taxes | 67/77 | €831 | €525 | -€306 | -36.8% |
| Profit (loss) for the period | 9904 | €35,210 | -€548,661 | -€583,871 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,210 | -€548,661 | -€583,871 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.