VITAL PROJECT: 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 PROJECT
Largest movements
- Receivables within one year -€42,734
down €42,734 (-55.0%), from €77,649 to €34,914
of which Trade receivables: -€44,017
- Cash +€2,607
up €2,607 (+76.0%), from €3,431 to €6,037
mainly Receivables within one year (+€42,734) and Net result for the year (+€12,011)
- Tangible fixed assets -€1,711
down €1,711 (-31.1%), from €5,506 to €3,795
of which Furniture and vehicles: -€914
- Financial fixed assets -€1,500
down €1,500 (-96.5%), from €1,555 to €55
- Trade debts -€54,826
down €54,826 (-82.1%), from €66,809 to €11,983
- Profit (loss) carried forward +€12,011
up €12,011 (+68.9%), from €17,428 to €29,439
- Purchases and services -€814,441
down €814,441 (-79.6%), from €1.0m to €208,590
- Gross operating margin +€10,503
up €10,503 (+129%), from €8,130 to €18,633
- Taxes +€2,488
up €2,488 (+322%), from €773 to €3,260
- Depreciation -€1,887
down €1,887 (-40.2%), from €4,697 to €2,810
- Financial income +€377
up €377 (+248%), from €152 to €528
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.
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 | €89,254 | €45,955 | -€43,298 | -48.5% |
| Fixed assets | 21/28 | €7,061 | €3,850 | -€3,211 | -45.5% |
| Tangible fixed assets | 22/27 | €5,506 | €3,795 | -€1,711 | -31.1% |
| Plant, machinery and equipment | 23 | €3,204 | €2,406 | -€797 | -24.9% |
| Furniture and vehicles | 24 | €2,303 | €1,389 | -€914 | -39.7% |
| Financial fixed assets | 28 | €1,555 | €55 | -€1,500 | -96.5% |
| Current assets | 29/58 | €82,192 | €42,105 | -€40,087 | -48.8% |
| Amounts receivable within one year | 40/41 | €77,649 | €34,914 | -€42,734 | -55.0% |
| Trade receivables | 40 | €67,218 | €23,201 | -€44,017 | -65.5% |
| Other amounts receivable | 41 | €10,431 | €11,713 | +€1,282 | +12.3% |
| Cash at bank and in hand | 54/58 | €3,431 | €6,037 | +€2,607 | +76.0% |
| Deferred charges and accrued income | 490/1 | €1,113 | €1,153 | +€40 | +3.6% |
| Total equity and liabilities | 10/49 | €89,254 | €45,955 | -€43,298 | -48.5% |
| Equity | 10/15 | €17,928 | €29,939 | +€12,011 | +67.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,428 | €29,439 | +€12,011 | +68.9% |
| Amounts payable | 17/49 | €71,326 | €16,016 | -€55,309 | -77.5% |
| Amounts payable within one year | 42/48 | €71,326 | €16,016 | -€55,309 | -77.5% |
| Trade debts | 44 | €66,809 | €11,983 | -€54,826 | -82.1% |
| Suppliers | 440/4 | €66,809 | €11,983 | -€54,826 | -82.1% |
| Taxes, remuneration and social security | 45 | €4,517 | €4,033 | -€484 | -10.7% |
| Taxes | 450/3 | €4,517 | €4,033 | -€484 | -10.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,023,031 | €208,590 | -€814,441 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,697 | €2,810 | -€1,887 | -40.2% |
| Other operating charges | 640/8 | €426 | €415 | -€11 | -2.5% |
| Non-recurring operating charges | 66A | €944 | - | -€944 | |
| Gross operating margin | 9900 | €8,130 | €18,633 | +€10,503 | +129% |
| Operating profit (loss) | 9901 | €2,063 | €15,408 | +€13,345 | +647% |
| Financial income | 75/76B | €152 | €528 | +€377 | +248% |
| Recurring financial income | 75 | €152 | €528 | +€377 | +248% |
| Financial charges | 65/66B | €970 | €665 | -€305 | -31.5% |
| Recurring financial charges | 65 | €970 | €665 | -€305 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €1,244 | €15,271 | +€14,027 | +1,127% |
| Income taxes | 67/77 | €773 | €3,260 | +€2,488 | +322% |
| Profit (loss) for the period | 9904 | €471 | €12,011 | +€11,540 | +2,448% |
| Profit (loss) for the period to be appropriated | 9905 | €471 | €12,011 | +€11,540 | +2,448% |
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 21 October 2026 via checked.be.