VITAZZO: 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.
VITAZZO
Largest movements
- Stocks and contracts +€222,652
up €222,652 (+170.5%), from €130,621 to €353,273
- Tangible fixed assets -€173,564
down €173,564 (-24.3%), from €715,152 to €541,588
of which Land and buildings: -€161,123
- Receivables within one year -€37,049
down €37,049 (-86.8%), from €42,665 to €5,615
of which Other amounts receivable: -€29,675
- Cash -€19,089
down €19,089 (-32.3%), from €59,168 to €40,079
mainly Stocks and contracts (-€222,652) and Debts after one year (-€11,855)
- Debts after one year -€11,855
down €11,855 (-2.7%), from €433,099 to €421,244
of which Financial debts: -€29,097
- Reserves +€11,487
up €11,487 (+3.0%), from €378,181 to €389,668
- Gross operating margin -€239,913
down €239,913 (-73.2%), from €327,743 to €87,830
- Staff costs -€64,278
no longer reported in 2025 (was €64,278)
- Taxes -€57,537
down €57,537 (-88.7%), from €64,864 to €7,328
- Other operating charges +€12,038
up €12,038 (+87.2%), from €13,808 to €25,846
- Financial charges -€3,406
down €3,406 (-20.2%), from €16,825 to €13,419
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 | €953,396 | €948,930 | -€4,466 | -0.5% |
| Fixed assets | 21/28 | €715,152 | €541,588 | -€173,564 | -24.3% |
| Tangible fixed assets | 22/27 | €715,152 | €541,588 | -€173,564 | -24.3% |
| Land and buildings | 22 | €687,074 | €525,952 | -€161,123 | -23.5% |
| Furniture and vehicles | 24 | €28,078 | €15,636 | -€12,442 | -44.3% |
| Current assets | 29/58 | €238,244 | €407,342 | +€169,098 | +71.0% |
| Stocks and contracts in progress | 3 | €130,621 | €353,273 | +€222,652 | +170.5% |
| Stocks | 30/36 | €130,621 | €353,273 | +€222,652 | +170.5% |
| Amounts receivable within one year | 40/41 | €42,665 | €5,615 | -€37,049 | -86.8% |
| Trade receivables | 40 | €7,375 | - | -€7,375 | |
| Other amounts receivable | 41 | €35,290 | €5,615 | -€29,675 | -84.1% |
| Cash at bank and in hand | 54/58 | €59,168 | €40,079 | -€19,089 | -32.3% |
| Deferred charges and accrued income | 490/1 | €5,790 | €8,375 | +€2,584 | +44.6% |
| Total equity and liabilities | 10/49 | €953,396 | €948,930 | -€4,466 | -0.5% |
| Equity | 10/15 | €398,181 | €409,668 | +€11,487 | +2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €378,181 | €389,668 | +€11,487 | +3.0% |
| Distributable reserves | 133 | €378,181 | €389,668 | +€11,487 | +3.0% |
| Amounts payable | 17/49 | €555,215 | €539,261 | -€15,953 | -2.9% |
| Amounts payable after more than one year | 17 | €433,099 | €421,244 | -€11,855 | -2.7% |
| Financial debts | 170/4 | €368,169 | €339,073 | -€29,097 | -7.9% |
| Other amounts payable | 178/9 | €64,930 | €82,171 | +€17,241 | +26.6% |
| Amounts payable within one year | 42/48 | €121,176 | €118,018 | -€3,158 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €43,606 | €38,196 | -€5,410 | -12.4% |
| Trade debts | 44 | €11,674 | €8,410 | -€3,265 | -28.0% |
| Suppliers | 440/4 | €11,674 | €8,410 | -€3,265 | -28.0% |
| Taxes, remuneration and social security | 45 | €65,896 | €71,412 | +€5,516 | +8.4% |
| Taxes | 450/3 | €61,921 | €71,412 | +€9,491 | +15.3% |
| Remuneration and social security | 454/9 | €3,975 | - | -€3,975 | |
| Accrued charges and deferred income | 492/3 | €940 | - | -€940 | |
| Non-recurring operating income | 76A | €204,997 | €125,728 | -€79,270 | -38.7% |
| Remuneration, social security and pensions | 62 | €64,278 | - | -€64,278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,352 | €30,012 | -€3,340 | -10.0% |
| Other operating charges | 640/8 | €13,808 | €25,846 | +€12,038 | +87.2% |
| Gross operating margin | 9900 | €327,743 | €87,830 | -€239,913 | -73.2% |
| Operating profit (loss) | 9901 | €216,305 | €31,972 | -€184,333 | -85.2% |
| Financial income | 75/76B | €50 | €262 | +€212 | +422.5% |
| Recurring financial income | 75 | €50 | €262 | +€212 | +422.5% |
| Financial charges | 65/66B | €16,825 | €13,419 | -€3,406 | -20.2% |
| Recurring financial charges | 65 | €16,825 | €13,419 | -€3,406 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €199,530 | €18,814 | -€180,715 | -90.6% |
| Income taxes | 67/77 | €64,864 | €7,328 | -€57,537 | -88.7% |
| Profit (loss) for the period | 9904 | €134,665 | €11,487 | -€123,178 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €134,665 | €11,487 | -€123,178 | -91.5% |
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 8 October 2026 via checked.be.