VITAX: 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.
VITAX
Largest movements
- Receivables within one year -€143,277
down €143,277 (-74.2%), from €193,209 to €49,932
of which Other amounts receivable: -€169,310
- Receivables after one year +€110,502
new in 2025: €110,502
- Tangible fixed assets +€29,845
up €29,845 (+19.2%), from €155,697 to €185,541
- Cash -€20,665
down €20,665 (-85.1%), from €24,290 to €3,624
mainly Receivables after one year (-€110,502) and Investment in fixed assets (net) (-€92,664)
- Profit (loss) carried forward -€88,439
down €88,439 (-40.0%), from €221,221 to €132,782
- Trade debts +€69,862
up €69,862, from €0 to €69,862
- Current portion of long-term debt +€13,529
up €13,529 (+86.8%), from €15,581 to €29,111
- Debts after one year -€11,727
down €11,727 (-23.6%), from €49,784 to €38,057
- Tax, wage and social debts -€6,821
down €6,821 (-9.7%), from €70,639 to €63,818
of which Taxes: -€32,014
- Other operating charges +€66,809
up €66,809 (+3,025%), from €2,209 to €69,018
- Gross operating margin -€60,309
down €60,309 (-7.2%), from €833,005 to €772,696
- Depreciation -€26,007
down €26,007 (-29.3%), from €88,826 to €62,819
- Staff costs +€10,085
up €10,085 (+2.2%), from €453,504 to €463,589
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €382,184 | €358,589 | -€23,595 | -6.2% |
| Fixed assets | 21/28 | €164,686 | €194,530 | +€29,845 | +18.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €155,697 | €185,541 | +€29,845 | +19.2% |
| Furniture and vehicles | 24 | €155,697 | €185,541 | +€29,845 | +19.2% |
| Financial fixed assets | 28 | €8,989 | €8,989 | = | 0.0% |
| Current assets | 29/58 | €217,498 | €164,058 | -€53,440 | -24.6% |
| Amounts receivable after more than one year | 29 | - | €110,502 | +€110,502 | |
| Trade receivables | 290 | - | €110,502 | +€110,502 | |
| Amounts receivable within one year | 40/41 | €193,209 | €49,932 | -€143,277 | -74.2% |
| Trade receivables | 40 | €18,418 | €44,452 | +€26,033 | +141% |
| Other amounts receivable | 41 | €174,790 | €5,481 | -€169,310 | -96.9% |
| Cash at bank and in hand | 54/58 | €24,290 | €3,624 | -€20,665 | -85.1% |
| Total equity and liabilities | 10/49 | €382,184 | €358,589 | -€23,595 | -6.2% |
| Equity | 10/15 | €246,180 | €157,740 | -€88,439 | -35.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,366 | €6,366 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,864 | €1,864 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €5 | €5 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,502 | €4,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €221,221 | €132,782 | -€88,439 | -40.0% |
| Amounts payable | 17/49 | €136,004 | €200,849 | +€64,844 | +47.7% |
| Amounts payable after more than one year | 17 | €49,784 | €38,057 | -€11,727 | -23.6% |
| Financial debts | 170/4 | €49,784 | €38,057 | -€11,727 | -23.6% |
| Amounts payable within one year | 42/48 | €86,220 | €162,791 | +€76,571 | +88.8% |
| Current portion of amounts payable after more than one year | 42 | €15,581 | €29,111 | +€13,529 | +86.8% |
| Trade debts | 44 | €0 | €69,862 | +€69,862 | |
| Suppliers | 440/4 | €0 | €69,862 | +€69,862 | |
| Taxes, remuneration and social security | 45 | €70,639 | €63,818 | -€6,821 | -9.7% |
| Taxes | 450/3 | €33,212 | €1,198 | -€32,014 | -96.4% |
| Remuneration and social security | 454/9 | €37,426 | €62,620 | +€25,194 | +67.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €453,504 | €463,589 | +€10,085 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,826 | €62,819 | -€26,007 | -29.3% |
| Other operating charges | 640/8 | €2,209 | €69,018 | +€66,809 | +3,025% |
| Gross operating margin | 9900 | €833,005 | €772,696 | -€60,309 | -7.2% |
| Operating profit (loss) | 9901 | €288,466 | €177,270 | -€111,196 | -38.5% |
| Financial income | 75/76B | €1,274 | €125 | -€1,149 | -90.2% |
| Recurring financial income | 75 | €1,274 | €125 | -€1,149 | -90.2% |
| Financial charges | 65/66B | €269,788 | €265,835 | -€3,954 | -1.5% |
| Recurring financial charges | 65 | €269,788 | €265,835 | -€3,954 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €19,952 | -€88,439 | -€108,391 | |
| Income taxes | 67/77 | €8,260 | - | -€8,260 | |
| Profit (loss) for the period | 9904 | €11,691 | -€88,439 | -€100,131 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,691 | -€88,439 | -€100,131 |
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 14 October 2026 via checked.be.