Vitavia Belgium: what changed
Vitavia Belgium
Largest movements
- Stocks and contracts -€111,714
no longer reported in 2025 (was €111,714)
- Cash +€92,225
up €92,225 (+124%), from €74,100 to €166,326
mainly Stocks and contracts (+€111,714) and Net result for the year (+€35,547)
- Receivables within one year -€20,721
down €20,721 (-58.9%), from €35,168 to €14,448
of which Trade receivables: -€22,871
- Deferred charges and accrued income +€2,712
up €2,712 (+13.6%), from €19,951 to €22,663
- Trade debts -€57,698
no longer reported in 2025 (was €57,698)
- Reserves +€35,547
up €35,547 (+24.2%), from €146,639 to €182,186
- Tax, wage and social debts -€14,695
no longer reported in 2025 (was €14,695)
- Gross operating margin +€21,702
up €21,702 (+75.4%), from €28,797 to €50,499
- Other operating charges -€18,648
down €18,648 (-97.2%), from €19,176 to €528
- Taxes +€9,871
up €9,871 (+499%), from €1,978 to €11,849
- Financial charges +€865
up €865 (+50.6%), from €1,710 to €2,575
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,934 | €203,436 | -€37,498 | -15.6% |
| Current assets | 29/58 | €240,934 | €203,436 | -€37,498 | -15.6% |
| Stocks and contracts in progress | 3 | €111,714 | - | -€111,714 | |
| Stocks | 30/36 | €111,714 | - | -€111,714 | |
| Amounts receivable within one year | 40/41 | €35,168 | €14,448 | -€20,721 | -58.9% |
| Trade receivables | 40 | €30,146 | €7,275 | -€22,871 | -75.9% |
| Other amounts receivable | 41 | €5,022 | €7,173 | +€2,151 | +42.8% |
| Cash at bank and in hand | 54/58 | €74,100 | €166,326 | +€92,225 | +124% |
| Deferred charges and accrued income | 490/1 | €19,951 | €22,663 | +€2,712 | +13.6% |
| Total equity and liabilities | 10/49 | €240,934 | €203,436 | -€37,498 | -15.6% |
| Equity | 10/15 | €166,639 | €202,186 | +€35,547 | +21.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €146,639 | €182,186 | +€35,547 | +24.2% |
| Distributable reserves | 133 | €146,639 | €182,186 | +€35,547 | +24.2% |
| Amounts payable | 17/49 | €74,295 | €1,250 | -€73,045 | -98.3% |
| Amounts payable within one year | 42/48 | €72,393 | - | -€72,393 | |
| Trade debts | 44 | €57,698 | - | -€57,698 | |
| Suppliers | 440/4 | €57,698 | - | -€57,698 | |
| Taxes, remuneration and social security | 45 | €14,695 | - | -€14,695 | |
| Taxes | 450/3 | €14,695 | - | -€14,695 | |
| Accrued charges and deferred income | 492/3 | €1,902 | €1,250 | -€652 | -34.3% |
| Other operating charges | 640/8 | €19,176 | €528 | -€18,648 | -97.2% |
| Gross operating margin | 9900 | €28,797 | €50,499 | +€21,702 | +75.4% |
| Operating profit (loss) | 9901 | €9,621 | €49,972 | +€40,350 | +419% |
| Financial charges | 65/66B | €1,710 | €2,575 | +€865 | +50.6% |
| Recurring financial charges | 65 | €1,710 | €2,575 | +€865 | +50.6% |
| Profit (loss) for the period before taxes | 9903 | €7,912 | €47,397 | +€39,485 | +499% |
| Income taxes | 67/77 | €1,978 | €11,849 | +€9,871 | +499% |
| Profit (loss) for the period | 9904 | €5,934 | €35,547 | +€29,614 | +499% |
| Profit (loss) for the period to be appropriated | 9905 | €5,934 | €35,547 | +€29,614 | +499% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.