VITAS: 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.
What changed
VITAS
NACE 87.101, Residential care activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2.5m
2024 · -€3.6m+€1.1m
Equity
€13.3m
2024 · €13.6m-€284,314
Cash
€1.5m
2024 · €1.4m+€137,947
Balance sheet total
€92.8m
2024 · €97.2m-€4.4m
Largest movements
Assets
- Receivables within one year -€3.0m
down €3.0m (-35.1%), from €8.5m to €5.5m
of which Other amounts receivable: -€3.1m
- Receivables after one year -€1.0m
down €1.0m (-23.6%), from €4.3m to €3.3m
Equity and liabilities
- Debts after one year -€2.5m
down €2.5m (-3.6%), from €69.8m to €67.2m
of which Financial debts: -€2.5m
- Tax, wage and social debts -€1.3m
down €1.3m (-25.8%), from €4.9m to €3.7m
of which Remuneration and social security: -€1.3m
Income statement
- Turnover +€1.6m
up €1.6m (+4.4%), from €35.5m to €37.1m
- Services and other goods -€913,235
down €913,235 (-10.6%), from €8.6m to €7.7m
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.
Result 2024
-€3.6m
Turnover
+€1.6m
Other operating income
-€66,920
Services and other goods
+€913,235
Staff costs
-€276,118
Depreciation
-€270,940
Write-downs
-€3,578
Provisions
+€647
Other operating charges
+€1,335
Other operating items
-€920,552
Financial income
+€37,290
Financial charges
+€61,879
Result 2025
-€2.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.7m
Investment
-€4.0m
Financing
-€602,915
Cash 2024
€1.4m
From operations (derived)
+€4.7m
Net result for the year
-€2.5m
Depreciation
+€4.6m
Receivables after one year
+€1.0m
Receivables within one year
+€3.0m
Deferred charges and accrued income
-€19,017
Provisions
+€8,987
Trade debts
-€221,788
Tax, wage and social debts
-€1.3m
Accrued charges and deferred income
+€195,721
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
-€602,915
Debts after one year
-€2.5m
Current portion of long-term debt
+€166,009
Short-term financial debts
-€500,000
Contributions, distributions and other
+€2.3m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,219,238 | €92,785,339 | -€4.4m | -4.6% |
| Fixed assets | 21/28 | €82,767,457 | €82,160,559 | -€606,897 | -0.7% |
| Tangible fixed assets | 22/27 | €82,757,702 | €82,150,886 | -€606,816 | -0.7% |
| Land and buildings | 22 | €48,248,363 | €49,201,031 | +€952,668 | +2.0% |
| Plant, machinery and equipment | 23 | €23,692,047 | €23,246,957 | -€445,089 | -1.9% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Assets under construction and advance payments | 27 | €10,817,292 | €9,702,897 | -€1.1m | -10.3% |
| Financial fixed assets | 28 | €9,755 | €9,673 | -€81 | -0.8% |
| Other financial fixed assets | 284/8 | €9,755 | €9,673 | -€81 | -0.8% |
| Amounts receivable and cash guarantees | 285/8 | €9,755 | €9,673 | -€81 | -0.8% |
| Current assets | 29/58 | €14,451,781 | €10,624,780 | -€3.8m | -26.5% |
| Amounts receivable after more than one year | 29 | €4,283,557 | €3,273,523 | -€1.0m | -23.6% |
| Other amounts receivable | 291 | €4,283,557 | €3,273,523 | -€1.0m | -23.6% |
| Stocks and contracts in progress | 3 | €5,826 | €5,826 | = | 0.0% |
| Stocks | 30/36 | €5,826 | €5,826 | = | 0.0% |
| Goods purchased for resale | 34 | €5,826 | €5,826 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,476,426 | €5,502,493 | -€3.0m | -35.1% |
| Trade receivables | 40 | €2,879,382 | €2,973,505 | +€94,123 | +3.3% |
| Other amounts receivable | 41 | €5,597,043 | €2,528,988 | -€3.1m | -54.8% |
| Cash at bank and in hand | 54/58 | €1,383,583 | €1,521,530 | +€137,947 | +10.0% |
| Deferred charges and accrued income | 490/1 | €302,390 | €321,407 | +€19,017 | +6.3% |
| Total equity and liabilities | 10/49 | €97,219,238 | €92,785,339 | -€4.4m | -4.6% |
| Equity | 10/15 | €13,625,871 | €13,341,557 | -€284,314 | -2.1% |
| Contributions | 10/11 | €2,261,534 | €2,482,879 | +€221,345 | +9.8% |
| Revaluation surpluses | 12 | €264,124 | €264,124 | = | 0.0% |
| Reserves | 13 | €48,821 | €48,821 | = | 0.0% |
| Distributable reserves | 133 | €48,821 | €48,821 | = | 0.0% |
| Investment grants | 15 | €11,051,392 | €10,545,733 | -€505,659 | -4.6% |
| Provisions and deferred taxes | 16 | €157,021 | €166,009 | +€8,987 | +5.7% |
| Provisions for liabilities and charges | 160/5 | €157,021 | €166,009 | +€8,987 | +5.7% |
| Major repairs and maintenance | 162 | €157,021 | €166,009 | +€8,987 | +5.7% |
| Amounts payable | 17/49 | €83,436,345 | €79,277,773 | -€4.2m | -5.0% |
| Amounts payable after more than one year | 17 | €69,750,148 | €67,227,820 | -€2.5m | -3.6% |
| Financial debts | 170/4 | €69,749,198 | €67,227,820 | -€2.5m | -3.6% |
| Credit institutions | 173 | €69,749,198 | €67,227,820 | -€2.5m | -3.6% |
| Other amounts payable | 178/9 | €950 | - | -€950 | |
| Amounts payable within one year | 42/48 | €12,960,117 | €11,128,151 | -€1.8m | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €4,939,162 | €5,105,171 | +€166,009 | +3.4% |
| Financial debts | 43 | €1,500,000 | €1,000,000 | -€500,000 | -33.3% |
| Credit institutions | 430/8 | €1,500,000 | €1,000,000 | -€500,000 | -33.3% |
| Trade debts | 44 | €1,577,014 | €1,355,226 | -€221,788 | -14.1% |
| Suppliers | 440/4 | €1,577,014 | €1,355,226 | -€221,788 | -14.1% |
| Taxes, remuneration and social security | 45 | €4,943,941 | €3,667,755 | -€1.3m | -25.8% |
| Taxes | 450/3 | €600,232 | €582,875 | -€17,356 | -2.9% |
| Remuneration and social security | 454/9 | €4,343,709 | €3,084,879 | -€1.3m | -29.0% |
| Accrued charges and deferred income | 492/3 | €726,081 | €921,802 | +€195,721 | +27.0% |
| Operating income | 70/76A | €37,398,180 | €37,987,458 | +€589,279 | +1.6% |
| Turnover | 70 | €35,475,662 | €37,052,413 | +€1.6m | +4.4% |
| Other operating income | 74 | €1,001,109 | €934,189 | -€66,920 | -6.7% |
| Non-recurring operating income | 76A | €921,408 | €856 | -€920,552 | -99.9% |
| Operating charges | 60/66A | €40,143,342 | €39,778,761 | -€364,581 | -0.9% |
| Services and other goods | 61 | €8,644,342 | €7,731,107 | -€913,235 | -10.6% |
| Remuneration, social security and pensions | 62 | €27,186,312 | €27,462,431 | +€276,118 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,299,501 | €4,570,440 | +€270,940 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,578 | +€3,578 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,634 | €8,987 | -€647 | -6.7% |
| Other operating charges | 640/8 | €3,553 | €2,218 | -€1,335 | -37.6% |
| Operating profit (loss) | 9901 | -€2,745,162 | -€1,791,303 | +€953,859 | +34.7% |
| Financial income | 75/76B | €859,622 | €896,912 | +€37,290 | +4.3% |
| Recurring financial income | 75 | €859,622 | €896,912 | +€37,290 | +4.3% |
| Other financial income | 752/9 | €859,622 | €896,912 | +€37,290 | +4.3% |
| Financial charges | 65/66B | €1,705,205 | €1,643,326 | -€61,879 | -3.6% |
| Recurring financial charges | 65 | €1,687,182 | €1,643,326 | -€43,856 | -2.6% |
| Debt charges | 650 | €1,687,182 | €1,643,326 | -€43,856 | -2.6% |
| Non-recurring financial charges | 66B | €18,023 | - | -€18,023 | |
| Profit (loss) for the period before taxes | 9903 | -€3,590,746 | -€2,537,718 | +€1.1m | +29.3% |
| Profit (loss) for the period | 9904 | -€3,590,746 | -€2,537,718 | +€1.1m | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,590,746 | -€2,537,718 | +€1.1m | +29.3% |
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.