VITASAN: 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.
VITASAN
Largest movements
- Cash -€16,110
down €16,110 (-28.3%), from €56,960 to €40,850
mainly Investment in fixed assets (net) (-€67,676) and Debts after one year (-€29,824)
- Receivables within one year +€14,706
up €14,706 (+6.4%), from €230,000 to €244,706
of which Trade receivables: +€14,706
- Tangible fixed assets -€12,730
down €12,730 (-1.5%), from €841,240 to €828,510
of which Land and buildings: -€50,657
- Reserves +€300,074
up €300,074 (+126.0%), from €238,165 to €538,239
of which Distributable reserves: +€306,134
- Profit (loss) carried forward -€253,261
no longer reported in 2025 (was €253,261)
- Debts after one year -€29,824
down €29,824 (-9.5%), from €314,439 to €284,614
- Current portion of long-term debt -€20,687
down €20,687 (-15.1%), from €137,128 to €116,441
- Other operating charges +€12,131
up €12,131 (+92.5%), from €13,112 to €25,243
- Taxes -€6,925
down €6,925 (-25.6%), from €27,004 to €20,079
- Depreciation +€4,814
up €4,814 (+6.8%), from €71,303 to €76,117
- Financial charges -€3,965
down €3,965 (-17.3%), from €22,885 to €18,920
- Gross operating margin +€3,894
up €3,894 (+2.1%), from €181,879 to €185,773
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 | €1,130,288 | €1,122,344 | -€7,943 | -0.7% |
| Fixed assets | 21/28 | €841,240 | €832,799 | -€8,441 | -1.0% |
| Tangible fixed assets | 22/27 | €841,240 | €828,510 | -€12,730 | -1.5% |
| Land and buildings | 22 | €814,831 | €764,174 | -€50,657 | -6.2% |
| Plant, machinery and equipment | 23 | €26,409 | €13,205 | -€13,205 | -50.0% |
| Furniture and vehicles | 24 | - | €51,132 | +€51,132 | |
| Financial fixed assets | 28 | - | €4,289 | +€4,289 | |
| Current assets | 29/58 | €289,048 | €289,545 | +€498 | +0.2% |
| Amounts receivable within one year | 40/41 | €230,000 | €244,706 | +€14,706 | +6.4% |
| Trade receivables | 40 | - | €14,706 | +€14,706 | |
| Other amounts receivable | 41 | €230,000 | €230,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €56,960 | €40,850 | -€16,110 | -28.3% |
| Deferred charges and accrued income | 490/1 | €2,088 | €3,990 | +€1,902 | +91.1% |
| Total equity and liabilities | 10/49 | €1,130,288 | €1,122,344 | -€7,943 | -0.7% |
| Equity | 10/15 | €506,299 | €553,113 | +€46,814 | +9.2% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €238,165 | €538,239 | +€300,074 | +126.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €73,563 | €69,362 | -€4,201 | -5.7% |
| Distributable reserves | 133 | €162,742 | €468,877 | +€306,134 | +188.1% |
| Profit (loss) carried forward | 14 | €253,261 | - | -€253,261 | |
| Provisions and deferred taxes | 16 | €21,678 | €20,277 | -€1,400 | -6.5% |
| Deferred taxes | 168 | €21,678 | €20,277 | -€1,400 | -6.5% |
| Amounts payable | 17/49 | €602,311 | €548,954 | -€53,357 | -8.9% |
| Amounts payable after more than one year | 17 | €314,439 | €284,614 | -€29,824 | -9.5% |
| Financial debts | 170/4 | €314,439 | €284,614 | -€29,824 | -9.5% |
| Amounts payable within one year | 42/48 | €286,983 | €264,340 | -€22,642 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €137,128 | €116,441 | -€20,687 | -15.1% |
| Financial debts | 43 | €106,773 | €106,757 | -€17 | 0.0% |
| Credit institutions | 430/8 | €106,773 | €106,757 | -€17 | 0.0% |
| Trade debts | 44 | €5,077 | €9,023 | +€3,946 | +77.7% |
| Suppliers | 440/4 | €5,077 | €9,023 | +€3,946 | +77.7% |
| Taxes, remuneration and social security | 45 | €13,679 | €6,916 | -€6,763 | -49.4% |
| Taxes | 450/3 | €11,354 | €4,591 | -€6,763 | -59.6% |
| Remuneration and social security | 454/9 | €2,325 | €2,325 | = | 0.0% |
| Other amounts payable | 47/48 | €24,325 | €25,203 | +€878 | +3.6% |
| Accrued charges and deferred income | 492/3 | €890 | - | -€890 | |
| Remuneration, social security and pensions | 62 | -€180 | - | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,303 | €76,117 | +€4,814 | +6.8% |
| Other operating charges | 640/8 | €13,112 | €25,243 | +€12,131 | +92.5% |
| Gross operating margin | 9900 | €181,879 | €185,773 | +€3,894 | +2.1% |
| Operating profit (loss) | 9901 | €97,644 | €84,412 | -€13,232 | -13.6% |
| Financial income | 75/76B | €693 | €0 | -€692 | -99.9% |
| Recurring financial income | 75 | €693 | €0 | -€692 | -99.9% |
| Financial charges | 65/66B | €22,885 | €18,920 | -€3,965 | -17.3% |
| Recurring financial charges | 65 | €22,885 | €18,920 | -€3,965 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €75,451 | €65,492 | -€9,959 | -13.2% |
| Transfer from deferred taxes | 780 | €1,400 | €1,400 | = | 0.0% |
| Income taxes | 67/77 | €27,004 | €20,079 | -€6,925 | -25.6% |
| Profit (loss) for the period | 9904 | €49,848 | €46,814 | -€3,034 | -6.1% |
| Transfer from tax-exempt reserves | 789 | €4,201 | €4,201 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,049 | €51,015 | -€3,034 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.