Vital Transformation: 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 Transformation
Largest movements
- Receivables within one year +€53,909
up €53,909 (+42.2%), from €127,810 to €181,718
of which Other amounts receivable: +€94,841
- Cash -€4,365
down €4,365 (-16.9%), from €25,893 to €21,528
mainly Receivables within one year (-€53,909) and Net result for the year (-€4,641)
- Short-term financial debts +€55,000
up €55,000 (+275%), from €20,000 to €75,000
- Profit (loss) carried forward -€4,641
down €4,641 (-4.1%), from €112,219 to €107,579
- Gross operating margin -€59,965
down €59,965, from €59,860 to -€105
- Financial income -€2,341
down €2,341 (-94.3%), from €2,482 to €141
- Financial charges -€1,422
down €1,422 (-25.1%), from €5,674 to €4,251
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 | €154,129 | €203,247 | +€49,118 | +31.9% |
| Fixed assets | 21/28 | €426 | - | -€426 | |
| Tangible fixed assets | 22/27 | €426 | - | -€426 | |
| Plant, machinery and equipment | 23 | €426 | - | -€426 | |
| Current assets | 29/58 | €153,703 | €203,247 | +€49,544 | +32.2% |
| Amounts receivable within one year | 40/41 | €127,810 | €181,718 | +€53,909 | +42.2% |
| Trade receivables | 40 | €78,835 | €37,904 | -€40,932 | -51.9% |
| Other amounts receivable | 41 | €48,974 | €143,815 | +€94,841 | +194% |
| Cash at bank and in hand | 54/58 | €25,893 | €21,528 | -€4,365 | -16.9% |
| Total equity and liabilities | 10/49 | €154,129 | €203,247 | +€49,118 | +31.9% |
| Equity | 10/15 | €126,479 | €121,839 | -€4,641 | -3.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,219 | €107,579 | -€4,641 | -4.1% |
| Amounts payable | 17/49 | €27,649 | €81,408 | +€53,759 | +194% |
| Amounts payable within one year | 42/48 | €27,649 | €81,408 | +€53,759 | +194% |
| Financial debts | 43 | €20,000 | €75,000 | +€55,000 | +275% |
| Credit institutions | 430/8 | €20,000 | €75,000 | +€55,000 | +275% |
| Trade debts | 44 | €7,649 | €6,408 | -€1,241 | -16.2% |
| Suppliers | 440/4 | €7,649 | €6,408 | -€1,241 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | €426 | -€80 | -15.9% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €59,860 | -€105 | -€59,965 | |
| Operating profit (loss) | 9901 | €58,967 | -€531 | -€59,498 | |
| Financial income | 75/76B | €2,482 | €141 | -€2,341 | -94.3% |
| Recurring financial income | 75 | €2,482 | €141 | -€2,341 | -94.3% |
| Financial charges | 65/66B | €5,674 | €4,251 | -€1,422 | -25.1% |
| Recurring financial charges | 65 | €5,674 | €4,251 | -€1,422 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €55,776 | -€4,641 | -€60,416 | |
| Profit (loss) for the period | 9904 | €55,776 | -€4,641 | -€60,416 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,776 | -€4,641 | -€60,416 |
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 30 October 2026 via checked.be.