VITAE: 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.
VITAE
Largest movements
- Receivables within one year +€137,632
up €137,632 (+92.1%), from €149,424 to €287,056
of which Other amounts receivable: +€105,174
- Cash +€36,819
up €36,819 (+111.2%), from €33,101 to €69,920
mainly Net result for the year (+€115,872) and Depreciation (+€31,196)
- Tangible fixed assets -€31,196
down €31,196 (-11.0%), from €284,595 to €253,400
of which Land and buildings: -€17,571
- Reserves +€115,872
up €115,872 (+10.8%), from €1.1m to €1.2m
of which Distributable reserves: +€115,872
- Other debts +€17,571
up €17,571 (+11.0%), from €160,004 to €177,575
- Gross operating margin +€133,709
up €133,709 (+174.1%), from €76,809 to €210,518
- Taxes +€39,025
up €39,025 (+393.8%), from €9,909 to €48,934
- Depreciation +€7,391
up €7,391 (+31.0%), from €23,805 to €31,196
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 | €1,418,768 | €1,557,184 | +€138,416 | +9.8% |
| Fixed assets | 21/28 | €1,226,591 | €1,195,395 | -€31,196 | -2.5% |
| Tangible fixed assets | 22/27 | €284,595 | €253,400 | -€31,196 | -11.0% |
| Land and buildings | 22 | €233,280 | €215,709 | -€17,571 | -7.5% |
| Plant, machinery and equipment | 23 | €1,972 | €1,423 | -€549 | -27.8% |
| Furniture and vehicles | 24 | €49,343 | €36,268 | -€13,075 | -26.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €941,995 | €941,995 | = | 0.0% |
| Current assets | 29/58 | €192,177 | €361,789 | +€169,611 | +88.3% |
| Amounts receivable within one year | 40/41 | €149,424 | €287,056 | +€137,632 | +92.1% |
| Trade receivables | 40 | €125,342 | €157,800 | +€32,458 | +25.9% |
| Other amounts receivable | 41 | €24,082 | €129,256 | +€105,174 | +436.7% |
| Cash at bank and in hand | 54/58 | €33,101 | €69,920 | +€36,819 | +111.2% |
| Deferred charges and accrued income | 490/1 | €9,652 | €4,813 | -€4,840 | -50.1% |
| Total equity and liabilities | 10/49 | €1,418,768 | €1,557,184 | +€138,416 | +9.8% |
| Equity | 10/15 | €1,093,808 | €1,209,680 | +€115,872 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,075,208 | €1,191,080 | +€115,872 | +10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,928 | €170,928 | = | 0.0% |
| Distributable reserves | 133 | €902,419 | €1,018,291 | +€115,872 | +12.8% |
| Provisions and deferred taxes | 16 | €110,400 | €110,400 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €110,400 | €110,400 | = | 0.0% |
| Pensions and similar obligations | 160 | €110,400 | €110,400 | = | 0.0% |
| Amounts payable | 17/49 | €214,560 | €237,104 | +€22,544 | +10.5% |
| Amounts payable within one year | 42/48 | €201,223 | €224,624 | +€23,401 | +11.6% |
| Trade debts | 44 | €17,901 | €8,453 | -€9,448 | -52.8% |
| Suppliers | 440/4 | €17,901 | €8,453 | -€9,448 | -52.8% |
| Taxes, remuneration and social security | 45 | €23,318 | €38,596 | +€15,278 | +65.5% |
| Taxes | 450/3 | €7,755 | €38,596 | +€30,841 | +397.7% |
| Remuneration and social security | 454/9 | €15,563 | €0 | -€15,563 | -100.0% |
| Other amounts payable | 47/48 | €160,004 | €177,575 | +€17,571 | +11.0% |
| Accrued charges and deferred income | 492/3 | €13,337 | €12,480 | -€857 | -6.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,805 | €31,196 | +€7,391 | +31.0% |
| Other operating charges | 640/8 | €3,396 | €3,410 | +€14 | +0.4% |
| Gross operating margin | 9900 | €76,809 | €210,518 | +€133,709 | +174.1% |
| Operating profit (loss) | 9901 | €49,608 | €175,913 | +€126,305 | +254.6% |
| Financial income | 75/76B | €114 | €237 | +€123 | +108.6% |
| Recurring financial income | 75 | €114 | €237 | +€123 | +108.6% |
| Financial charges | 65/66B | €13,381 | €11,344 | -€2,036 | -15.2% |
| Recurring financial charges | 65 | €13,381 | €11,344 | -€2,036 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €36,341 | €164,806 | +€128,465 | +353.5% |
| Income taxes | 67/77 | €9,909 | €48,934 | +€39,025 | +393.8% |
| Profit (loss) for the period | 9904 | €26,432 | €115,872 | +€89,440 | +338.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,432 | €115,872 | +€89,440 | +338.4% |
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 9 October 2026 via checked.be.