Vitalus: 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.
Vitalus
Largest movements
- Tangible fixed assets +€338,695
up €338,695 (+111%), from €304,103 to €642,797
of which Land and buildings: +€376,691
- Receivables within one year +€29,868
up €29,868 (+443%), from €6,748 to €36,616
of which Trade receivables: +€26,040
- Intangible fixed assets -€12,500
down €12,500 (-12.3%), from €101,986 to €89,486
- Debts after one year +€285,727
up €285,727 (+113%), from €251,968 to €537,695
- Other debts +€132,930
up €132,930 (+111%), from €119,990 to €252,919
- Profit (loss) carried forward -€87,369
down €87,369 (-1,032%), from -€8,467 to -€95,836
- Trade debts +€24,079
up €24,079 (+1,802%), from €1,336 to €25,415
- Gross operating margin -€54,006
down €54,006 (-79.4%), from €68,059 to €14,052
- Depreciation +€33,570
up €33,570 (+78.4%), from €42,820 to €76,390
- Financial charges +€6,757
up €6,757 (+87.1%), from €7,762 to €14,519
- Other operating charges +€4,074
up €4,074 (+103%), from €3,968 to €8,042
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 | €425,535 | €781,749 | +€356,213 | +83.7% |
| Fixed assets | 21/28 | €406,089 | €732,284 | +€326,195 | +80.3% |
| Intangible fixed assets | 21 | €101,986 | €89,486 | -€12,500 | -12.3% |
| Tangible fixed assets | 22/27 | €304,103 | €642,797 | +€338,695 | +111% |
| Land and buildings | 22 | €266,106 | €642,797 | +€376,691 | +142% |
| Plant, machinery and equipment | 23 | €3,478 | - | -€3,478 | |
| Furniture and vehicles | 24 | €34,518 | - | -€34,518 | |
| Current assets | 29/58 | €19,446 | €49,465 | +€30,019 | +154% |
| Stocks and contracts in progress | 3 | €5,728 | €5,851 | +€123 | +2.2% |
| Stocks | 30/36 | €5,728 | €5,851 | +€123 | +2.2% |
| Amounts receivable within one year | 40/41 | €6,748 | €36,616 | +€29,868 | +443% |
| Trade receivables | 40 | €478 | €26,518 | +€26,040 | +5,448% |
| Other amounts receivable | 41 | €6,270 | €10,098 | +€3,828 | +61.0% |
| Cash at bank and in hand | 54/58 | €4,498 | €5,334 | +€836 | +18.6% |
| Deferred charges and accrued income | 490/1 | €2,472 | €1,664 | -€808 | -32.7% |
| Total equity and liabilities | 10/49 | €425,535 | €781,749 | +€356,213 | +83.7% |
| Equity | 10/15 | €10,533 | -€76,836 | -€87,369 | |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,467 | -€95,836 | -€87,369 | -1,032% |
| Amounts payable | 17/49 | €415,002 | €858,585 | +€443,582 | +107% |
| Amounts payable after more than one year | 17 | €251,968 | €537,695 | +€285,727 | +113% |
| Financial debts | 170/4 | €251,968 | €537,695 | +€285,727 | +113% |
| Amounts payable within one year | 42/48 | €160,950 | €320,889 | +€159,940 | +99.4% |
| Current portion of amounts payable after more than one year | 42 | €29,087 | €32,493 | +€3,406 | +11.7% |
| Trade debts | 44 | €1,336 | €25,415 | +€24,079 | +1,802% |
| Suppliers | 440/4 | €1,336 | €25,415 | +€24,079 | +1,802% |
| Taxes, remuneration and social security | 45 | €10,537 | €10,062 | -€475 | -4.5% |
| Taxes | 450/3 | €8,037 | €8,812 | +€775 | +9.6% |
| Remuneration and social security | 454/9 | €2,500 | €1,250 | -€1,250 | -50.0% |
| Other amounts payable | 47/48 | €119,990 | €252,919 | +€132,930 | +111% |
| Accrued charges and deferred income | 492/3 | €2,084 | - | -€2,084 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,820 | €76,390 | +€33,570 | +78.4% |
| Other operating charges | 640/8 | €3,968 | €8,042 | +€4,074 | +103% |
| Non-recurring operating charges | 66A | - | €2,518 | +€2,518 | |
| Gross operating margin | 9900 | €68,059 | €14,052 | -€54,006 | -79.4% |
| Operating profit (loss) | 9901 | €21,270 | -€72,897 | -€94,168 | |
| Financial income | 75/76B | €500 | €47 | -€453 | -90.6% |
| Recurring financial income | 75 | €500 | €47 | -€453 | -90.6% |
| Financial charges | 65/66B | €7,762 | €14,519 | +€6,757 | +87.1% |
| Recurring financial charges | 65 | €7,762 | €14,519 | +€6,757 | +87.1% |
| Profit (loss) for the period before taxes | 9903 | €14,008 | -€87,369 | -€101,378 | |
| Income taxes | 67/77 | €162 | - | -€162 | |
| Profit (loss) for the period | 9904 | €13,847 | -€87,369 | -€101,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,847 | -€87,369 | -€101,216 |
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.