VITAE MEMORIAM: what changed
What changed
VITAE MEMORIAM
NACE 23.410, Manufacture of ceramic household and ornamental articles
filed annual accounts (NBB)
Net result for the year
€47,909
2024 · -€12,850+€60,759
Equity
€314,457
2024 · €266,548+€47,909
Cash
€197,463
2024 · €148,556+€48,907
Balance sheet total
€590,204
2024 · €614,912-€24,708
Largest movements
Assets
- Receivables within one year -€87,915
down €87,915 (-40.3%), from €218,157 to €130,242
of which Other amounts receivable: -€106,979
- Cash +€48,907
up €48,907 (+32.9%), from €148,556 to €197,463
mainly Receivables within one year (+€87,915) and Depreciation (+€48,868)
- Stocks and contracts +€23,579
up €23,579 (+26.2%), from €90,016 to €113,596
- Tangible fixed assets -€23,569
down €23,569 (-19.6%), from €120,069 to €96,500
of which Plant, machinery and equipment: -€20,545
- Current investments +€15,082
up €15,082 (+151%), from €10,000 to €25,082
Equity and liabilities
- Trade debts -€75,456
down €75,456 (-47.3%), from €159,644 to €84,188
- Reserves +€47,909
up €47,909 (+19.3%), from €247,948 to €295,857
of which Distributable reserves: +€47,909
- Tax, wage and social debts +€33,333
up €33,333 (+69.8%), from €47,769 to €81,101
of which Taxes: +€23,063
- Debts after one year -€27,123
down €27,123 (-30.2%), from €89,724 to €62,600
- Short-term financial debts +€11,764
up €11,764 (+139%), from €8,471 to €20,235
Income statement
- Gross operating margin +€219,148
up €219,148 (+39.0%), from €561,380 to €780,528
- Staff costs +€143,221
up €143,221 (+28.3%), from €505,665 to €648,887
- Taxes +€12,344
up €12,344 (+94.5%), from €13,056 to €25,400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€12,850
Gross operating margin
+€219,148
Staff costs
-€143,221
Depreciation
-€2,380
Write-downs
+€606
Other operating charges
-€302
Other operating items
+€2,010
Financial income
-€4,013
Financial charges
+€1,254
Taxes
-€12,344
Result 2025
€47,909
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€110,441
Investment
-€36,053
Financing
-€25,481
Cash 2024
€148,556
From operations (derived)
+€110,441
Net result for the year
+€47,909
Depreciation
+€48,868
Stocks and contracts
-€23,579
Receivables within one year
+€87,915
Deferred charges and accrued income
-€3,536
Trade debts
-€75,456
Tax, wage and social debts
+€33,333
Other debts
-€3,510
Accrued charges and deferred income
-€1,502
Investment (derived)
-€36,053
Investment in fixed assets (net)
-€20,970
Current investments
-€15,082
Financing
-€25,481
Debts after one year
-€27,123
Current portion of long-term debt
-€10,121
Short-term financial debts
+€11,764
Cash 2025
€197,463
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,912 | €590,204 | -€24,708 | -4.0% |
| Fixed assets | 21/28 | €140,155 | €112,257 | -€27,898 | -19.9% |
| Intangible fixed assets | 21 | €19,086 | €15,757 | -€3,329 | -17.4% |
| Tangible fixed assets | 22/27 | €120,069 | €96,500 | -€23,569 | -19.6% |
| Plant, machinery and equipment | 23 | €56,775 | €36,229 | -€20,545 | -36.2% |
| Furniture and vehicles | 24 | €18,083 | €21,949 | +€3,865 | +21.4% |
| Other tangible fixed assets | 26 | €45,211 | €38,323 | -€6,889 | -15.2% |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100% |
| Current assets | 29/58 | €474,756 | €477,946 | +€3,190 | +0.7% |
| Stocks and contracts in progress | 3 | €90,016 | €113,596 | +€23,579 | +26.2% |
| Stocks | 30/36 | €90,016 | €113,596 | +€23,579 | +26.2% |
| Amounts receivable within one year | 40/41 | €218,157 | €130,242 | -€87,915 | -40.3% |
| Trade receivables | 40 | €111,172 | €130,236 | +€19,064 | +17.1% |
| Other amounts receivable | 41 | €106,985 | €6 | -€106,979 | -100.0% |
| Current investments | 50/53 | €10,000 | €25,082 | +€15,082 | +151% |
| Cash at bank and in hand | 54/58 | €148,556 | €197,463 | +€48,907 | +32.9% |
| Deferred charges and accrued income | 490/1 | €8,027 | €11,563 | +€3,536 | +44.1% |
| Total equity and liabilities | 10/49 | €614,912 | €590,204 | -€24,708 | -4.0% |
| Equity | 10/15 | €266,548 | €314,457 | +€47,909 | +18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €247,948 | €295,857 | +€47,909 | +19.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €246,088 | €293,997 | +€47,909 | +19.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €348,364 | €275,747 | -€72,617 | -20.8% |
| Amounts payable after more than one year | 17 | €89,724 | €62,600 | -€27,123 | -30.2% |
| Financial debts | 170/4 | €89,724 | €62,600 | -€27,123 | -30.2% |
| Amounts payable within one year | 42/48 | €257,138 | €213,147 | -€43,991 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €36,887 | €26,766 | -€10,121 | -27.4% |
| Financial debts | 43 | €8,471 | €20,235 | +€11,764 | +139% |
| Credit institutions | 430/8 | €8,471 | €20,235 | +€11,764 | +139% |
| Trade debts | 44 | €159,644 | €84,188 | -€75,456 | -47.3% |
| Suppliers | 440/4 | €159,644 | €84,188 | -€75,456 | -47.3% |
| Taxes, remuneration and social security | 45 | €47,769 | €81,101 | +€33,333 | +69.8% |
| Taxes | 450/3 | €383 | €23,446 | +€23,063 | +6,022% |
| Remuneration and social security | 454/9 | €47,386 | €57,655 | +€10,269 | +21.7% |
| Other amounts payable | 47/48 | €4,368 | €858 | -€3,510 | -80.4% |
| Accrued charges and deferred income | 492/3 | €1,502 | €0 | -€1,502 | -100% |
| Remuneration, social security and pensions | 62 | €505,665 | €648,887 | +€143,221 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,489 | €48,868 | +€2,380 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €606 | €0 | -€606 | -100% |
| Other operating charges | 640/8 | €2,520 | €2,822 | +€302 | +12.0% |
| Non-recurring operating charges | 66A | €2,010 | €0 | -€2,010 | -100% |
| Gross operating margin | 9900 | €561,380 | €780,528 | +€219,148 | +39.0% |
| Operating profit (loss) | 9901 | €4,090 | €79,951 | +€75,861 | +1,855% |
| Financial income | 75/76B | €4,148 | €135 | -€4,013 | -96.7% |
| Recurring financial income | 75 | €4,148 | €135 | -€4,013 | -96.7% |
| Financial charges | 65/66B | €8,032 | €6,778 | -€1,254 | -15.6% |
| Recurring financial charges | 65 | €8,032 | €6,778 | -€1,254 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €206 | €73,308 | +€73,102 | +35,438% |
| Income taxes | 67/77 | €13,056 | €25,400 | +€12,344 | +94.5% |
| Profit (loss) for the period | 9904 | -€12,850 | €47,909 | +€60,759 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,850 | €47,909 | +€60,759 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.