VITAL STIERS: 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 STIERS
Largest movements
- Cash +€36,872
up €36,872 (+70.4%), from €52,373 to €89,245
mainly Net result for the year (+€22,786) and Tax, wage and social debts (+€13,901)
- Reserves +€22,786
up €22,786 (+32.6%), from €69,812 to €92,598
- Tax, wage and social debts +€13,901
up €13,901 (+129%), from €10,791 to €24,692
- Trade debts -€2,303
down €2,303 (-9.6%), from €23,885 to €21,582
- Gross operating margin +€21,460
up €21,460 (+195%), from €11,028 to €32,489
- Taxes +€10,889
up €10,889, from -€3,016 to €7,873
- Financial charges -€731
down €731, from €112 to -€619
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 | €113,466 | €147,850 | +€34,384 | +30.3% |
| Fixed assets | 21/28 | €5,440 | €5,066 | -€374 | -6.9% |
| Tangible fixed assets | 22/27 | €5,440 | €5,066 | -€374 | -6.9% |
| Plant, machinery and equipment | 23 | €4,910 | €3,970 | -€940 | -19.2% |
| Furniture and vehicles | 24 | €530 | €1,096 | +€567 | +107% |
| Current assets | 29/58 | €108,026 | €142,784 | +€34,758 | +32.2% |
| Stocks and contracts in progress | 3 | €5,981 | €4,720 | -€1,260 | -21.1% |
| Stocks | 30/36 | €5,981 | €4,720 | -€1,260 | -21.1% |
| Amounts receivable within one year | 40/41 | €48,398 | €47,495 | -€904 | -1.9% |
| Trade receivables | 40 | €23,467 | €28,828 | +€5,362 | +22.8% |
| Other amounts receivable | 41 | €24,932 | €18,666 | -€6,265 | -25.1% |
| Cash at bank and in hand | 54/58 | €52,373 | €89,245 | +€36,872 | +70.4% |
| Deferred charges and accrued income | 490/1 | €1,274 | €1,324 | +€50 | +3.9% |
| Total equity and liabilities | 10/49 | €113,466 | €147,850 | +€34,384 | +30.3% |
| Equity | 10/15 | €78,790 | €101,577 | +€22,786 | +28.9% |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Reserves | 13 | €69,812 | €92,598 | +€22,786 | +32.6% |
| Distributable reserves | 133 | €69,812 | €92,598 | +€22,786 | +32.6% |
| Profit (loss) carried forward | 14 | €278 | €278 | = | 0.0% |
| Amounts payable | 17/49 | €34,676 | €46,274 | +€11,597 | +33.4% |
| Amounts payable within one year | 42/48 | €34,676 | €46,274 | +€11,597 | +33.4% |
| Trade debts | 44 | €23,885 | €21,582 | -€2,303 | -9.6% |
| Suppliers | 440/4 | €23,885 | €21,582 | -€2,303 | -9.6% |
| Taxes, remuneration and social security | 45 | €10,791 | €24,692 | +€13,901 | +129% |
| Taxes | 450/3 | €10,791 | €24,692 | +€13,901 | +129% |
| Non-recurring operating income | 76A | €195 | €0 | -€195 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €1,199 | +€106 | +9.7% |
| Other operating charges | 640/8 | €2,201 | €2,198 | -€3 | -0.1% |
| Non-recurring operating charges | 66A | - | €2 | +€2 | |
| Gross operating margin | 9900 | €11,028 | €32,489 | +€21,460 | +195% |
| Operating profit (loss) | 9901 | €7,734 | €29,089 | +€21,355 | +276% |
| Financial income | 75/76B | €943 | €951 | +€8 | +0.9% |
| Recurring financial income | 75 | €943 | €951 | +€8 | +0.9% |
| Financial charges | 65/66B | €112 | -€619 | -€731 | |
| Recurring financial charges | 65 | €112 | -€619 | -€731 | |
| Profit (loss) for the period before taxes | 9903 | €8,565 | €30,660 | +€22,095 | +258% |
| Income taxes | 67/77 | -€3,016 | €7,873 | +€10,889 | |
| Profit (loss) for the period | 9904 | €11,581 | €22,786 | +€11,206 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,581 | €22,786 | +€11,206 | +96.8% |
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 29 October 2026 via checked.be.