VITAL: 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.
VITAL
Largest movements
- Cash -€45,782
down €45,782 (-66.1%), from €69,268 to €23,486
mainly Receivables within one year (-€45,104) and Net result for the year (-€23,350)
- Receivables within one year +€45,104
up €45,104 (+116.4%), from €38,735 to €83,840
of which Trade receivables: +€50,954
- Stocks and contracts -€19,333
down €19,333 (-78.3%), from €24,692 to €5,359
- Tangible fixed assets -€18,417
down €18,417 (-51.4%), from €35,831 to €17,414
of which Land and buildings: -€15,203
- Deferred charges and accrued income -€16,033
down €16,033 (-88.2%), from €18,173 to €2,141
- Profit (loss) carried forward -€23,350
down €23,350 (-34.8%), from -€67,073 to -€90,423
- Trade debts -€22,640
down €22,640 (-23.9%), from €94,914 to €72,274
- Tax, wage and social debts -€5,804
down €5,804 (-95.6%), from €6,073 to €269
- Accrued charges and deferred income -€3,567
down €3,567 (-100.0%), from €3,567 to €0
- Gross operating margin -€61,564
down €61,564 (-60.1%), from €102,508 to €40,943
- Staff costs -€28,258
down €28,258 (-47.6%), from €59,354 to €31,096
- Other operating charges -€13,943
down €13,943 (-58.1%), from €23,994 to €10,051
- Depreciation -€7,536
down €7,536 (-24.7%), from €30,566 to €23,031
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 | €187,563 | €132,239 | -€55,324 | -29.5% |
| Fixed assets | 21/28 | €36,695 | €17,414 | -€19,281 | -52.5% |
| Intangible fixed assets | 21 | €864 | €0 | -€864 | -100.0% |
| Tangible fixed assets | 22/27 | €35,831 | €17,414 | -€18,417 | -51.4% |
| Land and buildings | 22 | €23,931 | €8,728 | -€15,203 | -63.5% |
| Plant, machinery and equipment | 23 | €11,900 | €8,686 | -€3,214 | -27.0% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €150,868 | €114,825 | -€36,043 | -23.9% |
| Stocks and contracts in progress | 3 | €24,692 | €5,359 | -€19,333 | -78.3% |
| Stocks | 30/36 | €24,692 | €5,359 | -€19,333 | -78.3% |
| Amounts receivable within one year | 40/41 | €38,735 | €83,840 | +€45,104 | +116.4% |
| Trade receivables | 40 | €11,013 | €61,968 | +€50,954 | +462.7% |
| Other amounts receivable | 41 | €27,722 | €21,872 | -€5,850 | -21.1% |
| Cash at bank and in hand | 54/58 | €69,268 | €23,486 | -€45,782 | -66.1% |
| Deferred charges and accrued income | 490/1 | €18,173 | €2,141 | -€16,033 | -88.2% |
| Total equity and liabilities | 10/49 | €187,563 | €132,239 | -€55,324 | -29.5% |
| Equity | 10/15 | -€49,464 | -€72,814 | -€23,350 | -47.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €10,609 | €10,609 | = | 0.0% |
| Distributable reserves | 133 | €10,609 | €10,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,073 | -€90,423 | -€23,350 | -34.8% |
| Amounts payable | 17/49 | €237,027 | €205,053 | -€31,974 | -13.5% |
| Amounts payable within one year | 42/48 | €233,460 | €205,053 | -€28,408 | -12.2% |
| Trade debts | 44 | €94,914 | €72,274 | -€22,640 | -23.9% |
| Suppliers | 440/4 | €94,914 | €72,274 | -€22,640 | -23.9% |
| Taxes, remuneration and social security | 45 | €6,073 | €269 | -€5,804 | -95.6% |
| Remuneration and social security | 454/9 | €6,073 | €269 | -€5,804 | -95.6% |
| Other amounts payable | 47/48 | €132,474 | €132,510 | +€36 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,567 | €0 | -€3,567 | -100.0% |
| Remuneration, social security and pensions | 62 | €59,354 | €31,096 | -€28,258 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,566 | €23,031 | -€7,536 | -24.7% |
| Other operating charges | 640/8 | €23,994 | €10,051 | -€13,943 | -58.1% |
| Gross operating margin | 9900 | €102,508 | €40,943 | -€61,564 | -60.1% |
| Operating profit (loss) | 9901 | -€11,406 | -€23,234 | -€11,828 | -103.7% |
| Financial income | 75/76B | €0 | €176 | +€176 | +877850.0% |
| Recurring financial income | 75 | €0 | €176 | +€176 | +877850.0% |
| Financial charges | 65/66B | €96 | €291 | +€196 | +204.3% |
| Recurring financial charges | 65 | €96 | €291 | +€196 | +204.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,502 | -€23,350 | -€11,848 | -103.0% |
| Profit (loss) for the period | 9904 | -€11,502 | -€23,350 | -€11,848 | -103.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,502 | -€23,350 | -€11,848 | -103.0% |
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 4 October 2026 via checked.be.