VITAL PROJECTS SOLUTIONS: 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 PROJECTS SOLUTIONS
Largest movements
- Tangible fixed assets +€73,133
up €73,133 (+2,997%), from €2,440 to €75,573
of which Furniture and vehicles: +€71,257
- Intangible fixed assets -€20,891
down €20,891 (-27.3%), from €76,487 to €55,596
- Receivables within one year -€15,208
down €15,208 (-39.7%), from €38,284 to €23,076
of which Trade receivables: -€23,123
- Cash -€4,447
down €4,447 (-84.1%), from €5,285 to €838
mainly Investment in fixed assets (net) (-€108,074) and Net result for the year (-€67,643)
- Deferred charges and accrued income +€2,233
new in 2025: €2,233
- Debts after one year +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€67,643
down €67,643 (-237%), from -€28,593 to -€96,236
- Other debts +€28,372
up €28,372 (+25.5%), from €111,154 to €139,526
- Trade debts -€23,199
down €23,199 (-84.8%), from €27,351 to €4,152
- Tax, wage and social debts -€2,710
down €2,710 (-55.0%), from €4,924 to €2,214
- Gross operating margin -€26,070
down €26,070, from €15,403 to -€10,668
- Depreciation +€21,632
up €21,632 (+63.3%), from €34,200 to €55,832
- Other operating charges +€648
new in 2025: €648
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 | €122,896 | €157,716 | +€34,820 | +28.3% |
| Fixed assets | 21/28 | €79,326 | €131,568 | +€52,242 | +65.9% |
| Intangible fixed assets | 21 | €76,487 | €55,596 | -€20,891 | -27.3% |
| Tangible fixed assets | 22/27 | €2,440 | €75,573 | +€73,133 | +2,997% |
| Furniture and vehicles | 24 | €2,440 | €73,697 | +€71,257 | +2,920% |
| Other tangible fixed assets | 26 | - | €1,876 | +€1,876 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €43,569 | €26,147 | -€17,422 | -40.0% |
| Amounts receivable within one year | 40/41 | €38,284 | €23,076 | -€15,208 | -39.7% |
| Trade receivables | 40 | €35,581 | €12,457 | -€23,123 | -65.0% |
| Other amounts receivable | 41 | €2,703 | €10,618 | +€7,915 | +293% |
| Cash at bank and in hand | 54/58 | €5,285 | €838 | -€4,447 | -84.1% |
| Deferred charges and accrued income | 490/1 | - | €2,233 | +€2,233 | |
| Total equity and liabilities | 10/49 | €122,896 | €157,716 | +€34,820 | +28.3% |
| Equity | 10/15 | -€20,533 | -€88,176 | -€67,643 | -329% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€28,593 | -€96,236 | -€67,643 | -237% |
| Amounts payable | 17/49 | €143,429 | €245,892 | +€102,463 | +71.4% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €143,429 | €145,892 | +€2,463 | +1.7% |
| Trade debts | 44 | €27,351 | €4,152 | -€23,199 | -84.8% |
| Suppliers | 440/4 | €27,351 | €4,152 | -€23,199 | -84.8% |
| Taxes, remuneration and social security | 45 | €4,924 | €2,214 | -€2,710 | -55.0% |
| Taxes | 450/3 | €4,924 | €2,214 | -€2,710 | -55.0% |
| Other amounts payable | 47/48 | €111,154 | €139,526 | +€28,372 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,200 | €55,832 | +€21,632 | +63.3% |
| Other operating charges | 640/8 | - | €648 | +€648 | |
| Gross operating margin | 9900 | €15,403 | -€10,668 | -€26,070 | |
| Operating profit (loss) | 9901 | -€18,797 | -€67,148 | -€48,351 | -257% |
| Financial income | 75/76B | €92 | €26 | -€66 | -71.4% |
| Recurring financial income | 75 | €92 | €26 | -€66 | -71.4% |
| Financial charges | 65/66B | €250 | €247 | -€3 | -1.0% |
| Recurring financial charges | 65 | €250 | €247 | -€3 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,955 | -€67,369 | -€48,414 | -255% |
| Income taxes | 67/77 | €287 | €274 | -€13 | -4.5% |
| Profit (loss) for the period | 9904 | -€19,241 | -€67,643 | -€48,402 | -252% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,241 | -€67,643 | -€48,402 | -252% |
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 19 October 2026 via checked.be.