VITALA: 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.
VITALA
Largest movements
- Tangible fixed assets -€40,383
down €40,383 (-10.5%), from €384,532 to €344,149
of which Land and buildings: -€67,684
- Receivables within one year -€15,721
down €15,721 (-54.2%), from €28,992 to €13,271
of which Trade receivables: -€16,647
- Cash -€12,606
down €12,606 (-30.3%), from €41,574 to €28,969
mainly Other debts (-€69,411) and Investment in fixed assets (net) (-€58,096)
- Deferred charges and accrued income -€6,286
down €6,286 (-87.8%), from €7,163 to €877
- Other debts -€69,411
down €69,411 (-53.6%), from €129,585 to €60,175
- Trade debts -€20,032
down €20,032 (-71.8%), from €27,902 to €7,870
- Reserves +€16,625
up €16,625 (+17.8%), from €93,632 to €110,258
- Current portion of long-term debt +€11,972
up €11,972 (+32.0%), from €37,359 to €49,330
- Tax, wage and social debts -€10,183
down €10,183 (-33.8%), from €30,085 to €19,902
of which Remuneration and social security: -€11,779
- Staff costs +€6,200
up €6,200 (+5.3%), from €117,731 to €123,931
- Taxes +€4,629
up €4,629 (+48.0%), from €9,645 to €14,274
- Financial charges +€3,914
up €3,914 (+41.4%), from €9,458 to €13,372
- Gross operating margin +€3,282
up €3,282 (+1.2%), from €267,828 to €271,109
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 | €485,233 | €411,865 | -€73,369 | -15.1% |
| Fixed assets | 21/28 | €384,532 | €344,149 | -€40,383 | -10.5% |
| Tangible fixed assets | 22/27 | €384,532 | €344,149 | -€40,383 | -10.5% |
| Land and buildings | 22 | €299,926 | €232,242 | -€67,684 | -22.6% |
| Plant, machinery and equipment | 23 | €66,214 | €101,569 | +€35,355 | +53.4% |
| Furniture and vehicles | 24 | €18,392 | €10,339 | -€8,054 | -43.8% |
| Current assets | 29/58 | €100,702 | €67,716 | -€32,986 | -32.8% |
| Stocks and contracts in progress | 3 | €22,972 | €24,599 | +€1,627 | +7.1% |
| Stocks | 30/36 | €22,972 | €24,599 | +€1,627 | +7.1% |
| Amounts receivable within one year | 40/41 | €28,992 | €13,271 | -€15,721 | -54.2% |
| Trade receivables | 40 | €20,626 | €3,980 | -€16,647 | -80.7% |
| Other amounts receivable | 41 | €8,366 | €9,292 | +€926 | +11.1% |
| Cash at bank and in hand | 54/58 | €41,574 | €28,969 | -€12,606 | -30.3% |
| Deferred charges and accrued income | 490/1 | €7,163 | €877 | -€6,286 | -87.8% |
| Total equity and liabilities | 10/49 | €485,233 | €411,865 | -€73,369 | -15.1% |
| Equity | 10/15 | €112,182 | €128,808 | +€16,625 | +14.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €93,632 | €110,258 | +€16,625 | +17.8% |
| Distributable reserves | 133 | €93,632 | €110,258 | +€16,625 | +17.8% |
| Amounts payable | 17/49 | €373,051 | €283,057 | -€89,994 | -24.1% |
| Amounts payable after more than one year | 17 | €123,011 | €114,327 | -€8,684 | -7.1% |
| Financial debts | 170/4 | €123,011 | €114,327 | -€8,684 | -7.1% |
| Amounts payable within one year | 42/48 | €249,934 | €167,980 | -€81,954 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €37,359 | €49,330 | +€11,972 | +32.0% |
| Financial debts | 43 | €3,143 | €3,274 | +€131 | +4.2% |
| Credit institutions | 430/8 | €3,143 | €3,274 | +€131 | +4.2% |
| Trade debts | 44 | €27,902 | €7,870 | -€20,032 | -71.8% |
| Suppliers | 440/4 | €27,902 | €7,870 | -€20,032 | -71.8% |
| Advances received on contracts in progress | 46 | €21,860 | €27,429 | +€5,569 | +25.5% |
| Taxes, remuneration and social security | 45 | €30,085 | €19,902 | -€10,183 | -33.8% |
| Taxes | 450/3 | €4,701 | €6,297 | +€1,596 | +33.9% |
| Remuneration and social security | 454/9 | €25,384 | €13,605 | -€11,779 | -46.4% |
| Other amounts payable | 47/48 | €129,585 | €60,175 | -€69,411 | -53.6% |
| Accrued charges and deferred income | 492/3 | €106 | €750 | +€644 | +606% |
| Non-recurring operating income | 76A | €3,733 | - | -€3,733 | |
| Remuneration, social security and pensions | 62 | €117,731 | €123,931 | +€6,200 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,290 | €98,479 | +€190 | +0.2% |
| Other operating charges | 640/8 | €7,081 | €6,232 | -€849 | -12.0% |
| Non-recurring operating charges | 66A | €569 | - | -€569 | |
| Gross operating margin | 9900 | €267,828 | €271,109 | +€3,282 | +1.2% |
| Operating profit (loss) | 9901 | €44,157 | €42,467 | -€1,690 | -3.8% |
| Financial income | 75/76B | €192 | €1,805 | +€1,613 | +840% |
| Recurring financial income | 75 | €192 | €1,805 | +€1,613 | +840% |
| Financial charges | 65/66B | €9,458 | €13,372 | +€3,914 | +41.4% |
| Recurring financial charges | 65 | €9,458 | €13,372 | +€3,914 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €34,891 | €30,899 | -€3,992 | -11.4% |
| Income taxes | 67/77 | €9,645 | €14,274 | +€4,629 | +48.0% |
| Profit (loss) for the period | 9904 | €25,246 | €16,625 | -€8,621 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,246 | €16,625 | -€8,621 | -34.1% |
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 18 October 2026 via checked.be.