VITAPO: 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.
VITAPO
Largest movements
- Receivables within one year -€20,349
down €20,349 (-10.3%), from €198,236 to €177,886
of which Other amounts receivable: -€20,349
- Reserves +€78,756
up €78,756 (+11.8%), from €665,863 to €744,619
- Debts after one year -€62,221
down €62,221 (-14.7%), from €423,690 to €361,469
- Other debts -€33,220
down €33,220 (-27.2%), from €122,207 to €88,987
- Financial income -€24,179
down €24,179 (-44.2%), from €54,671 to €30,492
- Gross operating margin +€9,521
up €9,521 (+9.2%), from €102,989 to €112,510
- Taxes +€2,850
up €2,850 (+12.9%), from €22,050 to €24,900
- Financial charges -€1,906
down €1,906 (-13.9%), from €13,697 to €11,791
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 | €1,307,393 | €1,293,443 | -€13,950 | -1.1% |
| Fixed assets | 21/28 | €1,101,673 | €1,100,702 | -€971 | -0.1% |
| Tangible fixed assets | 22/27 | €1,673 | €702 | -€971 | -58.0% |
| Furniture and vehicles | 24 | €1,673 | €702 | -€971 | -58.0% |
| Financial fixed assets | 28 | €1,100,000 | €1,100,000 | = | 0.0% |
| Current assets | 29/58 | €205,720 | €192,741 | -€12,979 | -6.3% |
| Amounts receivable within one year | 40/41 | €198,236 | €177,886 | -€20,349 | -10.3% |
| Trade receivables | 40 | €36,179 | €36,179 | = | 0.0% |
| Other amounts receivable | 41 | €162,057 | €141,707 | -€20,349 | -12.6% |
| Current investments | 50/53 | €1,718 | €1,736 | +€18 | +1.0% |
| Cash at bank and in hand | 54/58 | €5,767 | €13,119 | +€7,352 | +127% |
| Total equity and liabilities | 10/49 | €1,307,393 | €1,293,443 | -€13,950 | -1.1% |
| Equity | 10/15 | €684,463 | €763,219 | +€78,756 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €665,863 | €744,619 | +€78,756 | +11.8% |
| Distributable reserves | 133 | €665,863 | €744,619 | +€78,756 | +11.8% |
| Amounts payable | 17/49 | €622,930 | €530,224 | -€92,705 | -14.9% |
| Amounts payable after more than one year | 17 | €423,690 | €361,469 | -€62,221 | -14.7% |
| Financial debts | 170/4 | €423,690 | €361,469 | -€62,221 | -14.7% |
| Amounts payable within one year | 42/48 | €199,240 | €168,756 | -€30,484 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €60,881 | €62,221 | +€1,340 | +2.2% |
| Financial debts | 43 | €6,667 | €6,390 | -€277 | -4.2% |
| Credit institutions | 430/8 | €6,667 | €6,390 | -€277 | -4.2% |
| Trade debts | 44 | €6,438 | €1,211 | -€5,227 | -81.2% |
| Suppliers | 440/4 | €6,438 | €1,211 | -€5,227 | -81.2% |
| Taxes, remuneration and social security | 45 | €3,046 | €9,947 | +€6,901 | +227% |
| Taxes | 450/3 | €3,046 | €9,947 | +€6,901 | +227% |
| Other amounts payable | 47/48 | €122,207 | €88,987 | -€33,220 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | €971 | = | 0.0% |
| Other operating charges | 640/8 | €1,256 | €1,294 | +€38 | +3.0% |
| Gross operating margin | 9900 | €102,989 | €112,510 | +€9,521 | +9.2% |
| Operating profit (loss) | 9901 | €100,763 | €110,245 | +€9,483 | +9.4% |
| Financial income | 75/76B | €54,671 | €30,492 | -€24,179 | -44.2% |
| Recurring financial income | 75 | €54,671 | €30,492 | -€24,179 | -44.2% |
| Financial charges | 65/66B | €13,697 | €11,791 | -€1,906 | -13.9% |
| Recurring financial charges | 65 | €13,697 | €11,791 | -€1,906 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €141,737 | €128,946 | -€12,790 | -9.0% |
| Income taxes | 67/77 | €22,050 | €24,900 | +€2,850 | +12.9% |
| Profit (loss) for the period | 9904 | €119,687 | €104,047 | -€15,640 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,687 | €104,047 | -€15,640 | -13.1% |
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 15 October 2026 via checked.be.