ViTalent: 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.
ViTalent
Largest movements
- Tangible fixed assets -€263,790
down €263,790 (-20.6%), from €1.3m to €1.0m
of which Plant, machinery and equipment: -€149,413
- Receivables within one year +€241,832
up €241,832 (+66.9%), from €361,328 to €603,160
of which Other amounts receivable: +€268,951
- Cash +€133,057
up €133,057 (+12.6%), from €1.1m to €1.2m
mainly Net result for the year (+€387,244) and Depreciation (+€276,853)
- Deferred charges and accrued income +€67,939
up €67,939 (+2,264%), from €3,001 to €70,940
- Profit (loss) carried forward +€387,244
up €387,244 (+27.5%), from €1.4m to €1.8m
- Investment grants -€282,277
down €282,277 (-23.5%), from €1.2m to €920,628
- Trade debts +€78,784
up €78,784 (+291%), from €27,052 to €105,837
- Gross operating margin +€80,153
up €80,153 (+9.9%), from €810,254 to €890,407
- Staff costs +€53,025
up €53,025 (+11.5%), from €462,117 to €515,142
- Financial income +€42,286
up €42,286 (+16.6%), from €254,003 to €296,289
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 | €2,704,305 | €2,881,277 | +€176,972 | +6.5% |
| Fixed assets | 21/28 | €1,283,125 | €1,017,269 | -€265,856 | -20.7% |
| Intangible fixed assets | 21 | €2,066 | €0 | -€2,066 | -100% |
| Tangible fixed assets | 22/27 | €1,281,059 | €1,017,269 | -€263,790 | -20.6% |
| Plant, machinery and equipment | 23 | €440,797 | €291,383 | -€149,413 | -33.9% |
| Furniture and vehicles | 24 | €2,450 | €941 | -€1,509 | -61.6% |
| Other tangible fixed assets | 26 | €837,812 | €724,945 | -€112,867 | -13.5% |
| Current assets | 29/58 | €1,421,180 | €1,864,008 | +€442,828 | +31.2% |
| Amounts receivable within one year | 40/41 | €361,328 | €603,160 | +€241,832 | +66.9% |
| Trade receivables | 40 | €187,345 | €160,225 | -€27,120 | -14.5% |
| Other amounts receivable | 41 | €173,984 | €442,935 | +€268,951 | +155% |
| Cash at bank and in hand | 54/58 | €1,056,851 | €1,189,908 | +€133,057 | +12.6% |
| Deferred charges and accrued income | 490/1 | €3,001 | €70,940 | +€67,939 | +2,264% |
| Total equity and liabilities | 10/49 | €2,704,305 | €2,881,277 | +€176,972 | +6.5% |
| Equity | 10/15 | €2,611,050 | €2,716,017 | +€104,967 | +4.0% |
| Profit (loss) carried forward | 14 | €1,408,145 | €1,795,389 | +€387,244 | +27.5% |
| Investment grants | 15 | €1,202,905 | €920,628 | -€282,277 | -23.5% |
| Amounts payable | 17/49 | €93,255 | €165,260 | +€72,005 | +77.2% |
| Amounts payable within one year | 42/48 | €93,255 | €165,260 | +€72,005 | +77.2% |
| Trade debts | 44 | €27,052 | €105,837 | +€78,784 | +291% |
| Suppliers | 440/4 | €27,052 | €105,837 | +€78,784 | +291% |
| Taxes, remuneration and social security | 45 | €66,202 | €59,423 | -€6,779 | -10.2% |
| Taxes | 450/3 | €15,559 | €1,526 | -€14,034 | -90.2% |
| Remuneration and social security | 454/9 | €50,643 | €57,898 | +€7,255 | +14.3% |
| Remuneration, social security and pensions | 62 | €462,117 | €515,142 | +€53,025 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284,813 | €276,853 | -€7,960 | -2.8% |
| Other operating charges | 640/8 | €2,544 | €1,702 | -€842 | -33.1% |
| Gross operating margin | 9900 | €810,254 | €890,407 | +€80,153 | +9.9% |
| Operating profit (loss) | 9901 | €60,780 | €96,710 | +€35,930 | +59.1% |
| Financial income | 75/76B | €254,003 | €296,289 | +€42,286 | +16.6% |
| Recurring financial income | 75 | €254,003 | €296,289 | +€42,286 | +16.6% |
| Financial charges | 65/66B | €1,778 | €4,920 | +€3,141 | +177% |
| Recurring financial charges | 65 | €1,778 | €4,920 | +€3,141 | +177% |
| Profit (loss) for the period before taxes | 9903 | €313,005 | €388,079 | +€75,075 | +24.0% |
| Income taxes | 67/77 | €846 | €835 | -€11 | -1.3% |
| Profit (loss) for the period | 9904 | €312,158 | €387,244 | +€75,086 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €312,158 | €387,244 | +€75,086 | +24.1% |
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.