VITAL PARTNERS: 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.
VITAL PARTNERS
Largest movements
- Cash -€273,068
down €273,068 (-43.9%), from €622,554 to €349,486
mainly Other debts (-€167,356) and Contributions, distributions and other (-€133,798)
- Tangible fixed assets +€26,131
up €26,131 (+51.5%), from €50,759 to €76,890
of which Land and buildings: +€36,360
- Receivables within one year -€18,496
down €18,496 (-32.9%), from €56,283 to €37,787
of which Trade receivables: -€13,368
- Other debts -€167,356
down €167,356 (-100%), from €167,356 to €0
- Reserves -€102,372
down €102,372 (-31.0%), from €330,157 to €227,785
of which Distributable reserves: -€102,372
- Financial charges -€6,786
down €6,786 (-57.0%), from €11,910 to €5,124
- Gross operating margin +€6,438
up €6,438 (+11.9%), from €54,158 to €60,596
- Depreciation +€4,324
up €4,324 (+66.8%), from €6,471 to €10,795
- Taxes +€3,455
up €3,455 (+28.6%), from €12,101 to €15,556
- Financial income -€2,803
down €2,803 (-42.5%), from €6,602 to €3,799
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €730,362 | €464,854 | -€265,508 | -36.4% |
| Fixed assets | 21/28 | €50,809 | €76,940 | +€26,131 | +51.4% |
| Tangible fixed assets | 22/27 | €50,759 | €76,890 | +€26,131 | +51.5% |
| Land and buildings | 22 | €12,750 | €49,110 | +€36,360 | +285% |
| Plant, machinery and equipment | 23 | €1,923 | €1,209 | -€714 | -37.1% |
| Furniture and vehicles | 24 | €36,087 | €26,572 | -€9,515 | -26.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €679,552 | €387,914 | -€291,639 | -42.9% |
| Amounts receivable within one year | 40/41 | €56,283 | €37,787 | -€18,496 | -32.9% |
| Trade receivables | 40 | €49,668 | €36,300 | -€13,368 | -26.9% |
| Other amounts receivable | 41 | €6,615 | €1,487 | -€5,128 | -77.5% |
| Cash at bank and in hand | 54/58 | €622,554 | €349,486 | -€273,068 | -43.9% |
| Deferred charges and accrued income | 490/1 | €715 | €641 | -€75 | -10.4% |
| Total equity and liabilities | 10/49 | €730,362 | €464,854 | -€265,508 | -36.4% |
| Equity | 10/15 | €553,095 | €450,723 | -€102,372 | -18.5% |
| Contributions | 10/11 | €211,000 | €211,000 | = | 0.0% |
| Reserves | 13 | €330,157 | €227,785 | -€102,372 | -31.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €325,157 | €222,785 | -€102,372 | -31.5% |
| Profit (loss) carried forward | 14 | €11,939 | €11,939 | = | 0.0% |
| Amounts payable | 17/49 | €177,266 | €14,130 | -€163,136 | -92.0% |
| Amounts payable within one year | 42/48 | €177,266 | €14,130 | -€163,136 | -92.0% |
| Trade debts | 44 | €2,998 | €3,748 | +€750 | +25.0% |
| Suppliers | 440/4 | €2,998 | €3,748 | +€750 | +25.0% |
| Taxes, remuneration and social security | 45 | €6,912 | €10,382 | +€3,470 | +50.2% |
| Taxes | 450/3 | €6,912 | €8,037 | +€1,125 | +16.3% |
| Remuneration and social security | 454/9 | - | €2,345 | +€2,345 | |
| Other amounts payable | 47/48 | €167,356 | €0 | -€167,356 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,471 | €10,795 | +€4,324 | +66.8% |
| Other operating charges | 640/8 | €3,614 | €1,493 | -€2,121 | -58.7% |
| Gross operating margin | 9900 | €54,158 | €60,596 | +€6,438 | +11.9% |
| Operating profit (loss) | 9901 | €44,073 | €48,307 | +€4,234 | +9.6% |
| Financial income | 75/76B | €6,602 | €3,799 | -€2,803 | -42.5% |
| Recurring financial income | 75 | €6,602 | €3,799 | -€2,803 | -42.5% |
| Financial charges | 65/66B | €11,910 | €5,124 | -€6,786 | -57.0% |
| Recurring financial charges | 65 | €11,910 | €5,124 | -€6,786 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €38,765 | €46,982 | +€8,217 | +21.2% |
| Income taxes | 67/77 | €12,101 | €15,556 | +€3,455 | +28.6% |
| Profit (loss) for the period | 9904 | €26,664 | €31,426 | +€4,762 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,664 | €31,426 | +€4,762 | +17.9% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.