VITARK: what changed
Two fiscal 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.
VITARK
Largest movements
- Receivables after one year +€55,000
up €55,000 (+40.7%), from €135,000 to €190,000
- Cash -€17,277
down €17,277 (-63.2%), from €27,351 to €10,074
mainly Receivables after one year (-€55,000) and Debts after one year (-€23,791)
- Receivables within one year -€17,068
down €17,068 (-97.3%), from €17,545 to €477
of which Trade receivables: -€17,545
- Tangible fixed assets -€16,271
down €16,271 (-4.1%), from €399,823 to €383,552
of which Land and buildings: -€15,717
- Reserves +€35,517
up €35,517 (+11.9%), from €297,490 to €333,007
of which Distributable reserves: +€35,517
- Debts after one year -€23,791
down €23,791 (-10.9%), from €219,007 to €195,216
- Tax, wage and social debts -€8,284
down €8,284 (-57.1%), from €14,504 to €6,220
- Turnover -€137,209
down €137,209 (-89.5%), from €153,269 to €16,060
- Gross operating margin -€54,610
down €54,610 (-39.9%), from €136,998 to €82,388
- Taxes -€16,597
down €16,597 (-48.4%), from €34,317 to €17,720
- Purchases and services -€16,271
no longer reported in 2025 (was €16,271)
- Financial income +€3,238
up €3,238 (+142.7%), from €2,269 to €5,507
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.
Cash bridge derived
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 | €579,907 | €586,820 | +€6,913 | +1.2% |
| Fixed assets | 21/28 | €399,823 | €383,552 | -€16,271 | -4.1% |
| Tangible fixed assets | 22/27 | €399,823 | €383,552 | -€16,271 | -4.1% |
| Land and buildings | 22 | €392,532 | €376,815 | -€15,717 | -4.0% |
| Plant, machinery and equipment | 23 | €333 | €1,308 | +€975 | +293.3% |
| Furniture and vehicles | 24 | €6,959 | €5,429 | -€1,530 | -22.0% |
| Current assets | 29/58 | €180,084 | €203,268 | +€23,184 | +12.9% |
| Amounts receivable after more than one year | 29 | €135,000 | €190,000 | +€55,000 | +40.7% |
| Other amounts receivable | 291 | €135,000 | €190,000 | +€55,000 | +40.7% |
| Amounts receivable within one year | 40/41 | €17,545 | €477 | -€17,068 | -97.3% |
| Trade receivables | 40 | €17,545 | - | -€17,545 | |
| Other amounts receivable | 41 | - | €477 | +€477 | |
| Cash at bank and in hand | 54/58 | €27,351 | €10,074 | -€17,277 | -63.2% |
| Deferred charges and accrued income | 490/1 | €188 | €2,717 | +€2,530 | +1349.1% |
| Total equity and liabilities | 10/49 | €579,907 | €586,820 | +€6,913 | +1.2% |
| Equity | 10/15 | €321,327 | €356,845 | +€35,518 | +11.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €297,490 | €333,007 | +€35,517 | +11.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €291,290 | €326,807 | +€35,517 | +12.2% |
| Profit (loss) carried forward | 14 | -€38,162 | -€38,162 | +€0 | 0.0% |
| Amounts payable | 17/49 | €258,579 | €229,975 | -€28,604 | -11.1% |
| Amounts payable after more than one year | 17 | €219,007 | €195,216 | -€23,791 | -10.9% |
| Financial debts | 170/4 | €219,007 | €195,216 | -€23,791 | -10.9% |
| Amounts payable within one year | 42/48 | €39,572 | €34,759 | -€4,813 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €22,751 | €23,792 | +€1,041 | +4.6% |
| Trade debts | 44 | - | €2,361 | +€2,361 | |
| Suppliers | 440/4 | - | €2,361 | +€2,361 | |
| Taxes, remuneration and social security | 45 | €14,504 | €6,220 | -€8,284 | -57.1% |
| Taxes | 450/3 | €14,504 | €6,220 | -€8,284 | -57.1% |
| Other amounts payable | 47/48 | €2,317 | €2,386 | +€69 | +3.0% |
| Turnover | 70 | €153,269 | €16,060 | -€137,209 | -89.5% |
| Non-recurring operating income | 76A | - | €98,448 | +€98,448 | |
| Goods, raw materials, services and sundry goods | 60/61 | €16,271 | - | -€16,271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,122 | €18,254 | +€132 | +0.7% |
| Other operating charges | 640/8 | €3,390 | €3,919 | +€529 | +15.6% |
| Gross operating margin | 9900 | €136,998 | €82,388 | -€54,610 | -39.9% |
| Operating profit (loss) | 9901 | €115,486 | €60,215 | -€55,271 | -47.9% |
| Financial income | 75/76B | €2,269 | €5,507 | +€3,238 | +142.7% |
| Recurring financial income | 75 | €2,269 | €5,507 | +€3,238 | +142.7% |
| Financial charges | 65/66B | €12,754 | €12,485 | -€269 | -2.1% |
| Recurring financial charges | 65 | €12,754 | €12,485 | -€269 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €105,001 | €53,237 | -€51,764 | -49.3% |
| Income taxes | 67/77 | €34,317 | €17,720 | -€16,597 | -48.4% |
| Profit (loss) for the period | 9904 | €70,684 | €35,517 | -€35,167 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €70,684 | €35,517 | -€35,167 | -49.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.