VITAVETO: 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.
VITAVETO
Largest movements
- Tangible fixed assets -€21,853
down €21,853 (-32.0%), from €68,223 to €46,370
of which Plant, machinery and equipment: -€15,371
- Intangible fixed assets -€12,143
down €12,143 (-17.3%), from €70,103 to €57,961
- Stocks and contracts +€1,884
up €1,884 (+10.6%), from €17,742 to €19,625
- Other debts -€20,082
down €20,082 (-22.2%), from €90,364 to €70,282
- Profit (loss) carried forward -€16,632
new in 2025: -€16,632
- Tax, wage and social debts +€10,951
up €10,951 (+50.4%), from €21,743 to €32,695
of which Taxes: +€10,610
- Debts after one year -€6,664
down €6,664 (-49.2%), from €13,544 to €6,880
- Gross operating margin -€87,923
down €87,923 (-66.9%), from €131,422 to €43,500
- Taxes -€19,020
down €19,020 (-99.3%), from €19,155 to €135
- Staff costs -€10,321
down €10,321 (-32.8%), from €31,467 to €21,146
- Other operating charges +€3,727
up €3,727 (+485.6%), from €767 to €4,494
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 | €188,107 | €157,041 | -€31,067 | -16.5% |
| Formation expenses | 20 | €1,040 | €764 | -€276 | -26.5% |
| Fixed assets | 21/28 | €138,327 | €104,331 | -€33,996 | -24.6% |
| Intangible fixed assets | 21 | €70,103 | €57,961 | -€12,143 | -17.3% |
| Tangible fixed assets | 22/27 | €68,223 | €46,370 | -€21,853 | -32.0% |
| Plant, machinery and equipment | 23 | €35,919 | €20,548 | -€15,371 | -42.8% |
| Furniture and vehicles | 24 | €32,304 | €25,822 | -€6,482 | -20.1% |
| Current assets | 29/58 | €48,741 | €51,946 | +€3,205 | +6.6% |
| Stocks and contracts in progress | 3 | €17,742 | €19,625 | +€1,884 | +10.6% |
| Stocks | 30/36 | €17,742 | €19,625 | +€1,884 | +10.6% |
| Amounts receivable within one year | 40/41 | €257 | €192 | -€65 | -25.3% |
| Trade receivables | 40 | €257 | €192 | -€65 | -25.3% |
| Cash at bank and in hand | 54/58 | €28,584 | €29,832 | +€1,248 | +4.4% |
| Deferred charges and accrued income | 490/1 | €2,158 | €2,297 | +€138 | +6.4% |
| Total equity and liabilities | 10/49 | €188,107 | €157,041 | -€31,067 | -16.5% |
| Equity | 10/15 | €51,366 | €34,733 | -€16,632 | -32.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,366 | €46,366 | = | 0.0% |
| Distributable reserves | 133 | €46,366 | €46,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,632 | -€16,632 | |
| Amounts payable | 17/49 | €136,742 | €122,307 | -€14,434 | -10.6% |
| Amounts payable after more than one year | 17 | €13,544 | €6,880 | -€6,664 | -49.2% |
| Financial debts | 170/4 | €13,544 | €6,880 | -€6,664 | -49.2% |
| Amounts payable within one year | 42/48 | €123,198 | €115,428 | -€7,770 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €6,456 | €6,664 | +€209 | +3.2% |
| Trade debts | 44 | €4,634 | €5,787 | +€1,152 | +24.9% |
| Suppliers | 440/4 | €4,634 | €5,787 | +€1,152 | +24.9% |
| Taxes, remuneration and social security | 45 | €21,743 | €32,695 | +€10,951 | +50.4% |
| Taxes | 450/3 | €15,576 | €26,186 | +€10,610 | +68.1% |
| Remuneration and social security | 454/9 | €6,167 | €6,508 | +€341 | +5.5% |
| Other amounts payable | 47/48 | €90,364 | €70,282 | -€20,082 | -22.2% |
| Remuneration, social security and pensions | 62 | €31,467 | €21,146 | -€10,321 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,422 | €34,271 | -€150 | -0.4% |
| Other operating charges | 640/8 | €767 | €4,494 | +€3,727 | +485.6% |
| Gross operating margin | 9900 | €131,422 | €43,500 | -€87,923 | -66.9% |
| Operating profit (loss) | 9901 | €64,767 | -€16,412 | -€81,179 | |
| Financial income | 75/76B | €1,244 | €946 | -€299 | -24.0% |
| Recurring financial income | 75 | €1,244 | €946 | -€299 | -24.0% |
| Financial charges | 65/66B | €490 | €1,031 | +€540 | +110.3% |
| Recurring financial charges | 65 | €490 | €1,031 | +€540 | +110.3% |
| Profit (loss) for the period before taxes | 9903 | €65,521 | -€16,497 | -€82,018 | |
| Income taxes | 67/77 | €19,155 | €135 | -€19,020 | -99.3% |
| Profit (loss) for the period | 9904 | €46,366 | -€16,632 | -€62,998 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,366 | -€16,632 | -€62,998 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.