VITAAL: 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.
VITAAL
Largest movements
- Receivables within one year +€14,596
up €14,596 (+67.8%), from €21,537 to €36,133
of which Trade receivables: +€14,590
- Cash -€14,409
down €14,409 (-64.9%), from €22,199 to €7,790
mainly Receivables within one year (-€14,596) and Current portion of long-term debt (-€3,020)
- Tangible fixed assets -€1,699
down €1,699 (-56.5%), from €3,005 to €1,306
of which Furniture and vehicles: -€1,026
- Current portion of long-term debt -€3,020
no longer reported in 2025 (was €3,020)
- Reserves +€1,663
up €1,663 (+39.9%), from €4,168 to €5,831
- Other debts -€841
down €841 (-2.9%), from €29,235 to €28,394
- Accrued charges and deferred income -€546
no longer reported in 2025 (was €546)
- Tax, wage and social debts +€528
up €528 (+129%), from €410 to €938
- Gross operating margin +€2,363
new in 2025: €2,363
- Taxes +€854
new in 2025: €854
- Depreciation +€849
new in 2025: €849
- Other operating charges +€434
new in 2025: €434
- Financial income +€313
new in 2025: €313
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €47,275 | €45,344 | -€1,931 | -4.1% |
| Fixed assets | 21/28 | €3,005 | €1,306 | -€1,699 | -56.5% |
| Tangible fixed assets | 22/27 | €3,005 | €1,306 | -€1,699 | -56.5% |
| Plant, machinery and equipment | 23 | €973 | €301 | -€672 | -69.1% |
| Furniture and vehicles | 24 | €2,032 | €1,005 | -€1,026 | -50.5% |
| Current assets | 29/58 | €44,269 | €44,037 | -€232 | -0.5% |
| Amounts receivable within one year | 40/41 | €21,537 | €36,133 | +€14,596 | +67.8% |
| Trade receivables | 40 | €21,537 | €36,127 | +€14,590 | +67.7% |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €22,199 | €7,790 | -€14,409 | -64.9% |
| Deferred charges and accrued income | 490/1 | €533 | €114 | -€420 | -78.7% |
| Total equity and liabilities | 10/49 | €47,275 | €45,344 | -€1,931 | -4.1% |
| Equity | 10/15 | €8,974 | €10,902 | +€1,928 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,168 | €5,831 | +€1,663 | +39.9% |
| Distributable reserves | 133 | €4,168 | €5,831 | +€1,663 | +39.9% |
| Profit (loss) carried forward | 14 | -€13,793 | -€13,529 | +€265 | +1.9% |
| Amounts payable | 17/49 | €38,300 | €34,441 | -€3,859 | -10.1% |
| Amounts payable within one year | 42/48 | €37,755 | €34,441 | -€3,313 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €3,020 | - | -€3,020 | |
| Trade debts | 44 | €5,090 | €5,109 | +€20 | +0.4% |
| Suppliers | 440/4 | €5,090 | €5,109 | +€20 | +0.4% |
| Taxes, remuneration and social security | 45 | €410 | €938 | +€528 | +129% |
| Taxes | 450/3 | €410 | €938 | +€528 | +129% |
| Other amounts payable | 47/48 | €29,235 | €28,394 | -€841 | -2.9% |
| Accrued charges and deferred income | 492/3 | €546 | - | -€546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €849 | +€849 | |
| Other operating charges | 640/8 | - | €434 | +€434 | |
| Gross operating margin | 9900 | - | €2,363 | +€2,363 | |
| Operating profit (loss) | 9901 | - | €1,079 | +€1,079 | |
| Financial income | 75/76B | - | €313 | +€313 | |
| Recurring financial income | 75 | - | €313 | +€313 | |
| Financial charges | 65/66B | - | €274 | +€274 | |
| Recurring financial charges | 65 | - | €274 | +€274 | |
| Profit (loss) for the period before taxes | 9903 | - | €1,119 | +€1,119 | |
| Income taxes | 67/77 | - | €854 | +€854 | |
| Profit (loss) for the period | 9904 | - | €265 | +€265 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €265 | +€265 |
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 20 October 2026 via checked.be.