VITCO: 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.
VITCO
Largest movements
- Current investments +€141,569
new in 2025: €141,569
- Cash -€130,699
down €130,699 (-59.9%), from €218,235 to €87,536
mainly Current investments (-€141,569) and Other debts (-€104,859)
- Receivables after one year -€54,400
no longer reported in 2025 (was €54,400)
- Receivables within one year -€20,704
down €20,704 (-43.4%), from €47,742 to €27,038
of which Other amounts receivable: -€21,346
- Tangible fixed assets +€5,713
up €5,713 (+86.6%), from €6,598 to €12,311
of which Other tangible fixed assets: +€6,399
- Other debts -€104,859
down €104,859 (-77.7%), from €134,882 to €30,024
- Reserves +€44,959
up €44,959 (+28.8%), from €156,351 to €201,310
- Gross operating margin -€1,972
down €1,972 (-2.0%), from €99,807 to €97,835
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 | €327,959 | €269,737 | -€58,222 | -17.8% |
| Fixed assets | 21/28 | €6,598 | €12,311 | +€5,713 | +86.6% |
| Tangible fixed assets | 22/27 | €6,598 | €12,311 | +€5,713 | +86.6% |
| Furniture and vehicles | 24 | €1,867 | €1,182 | -€686 | -36.7% |
| Other tangible fixed assets | 26 | €4,730 | €11,130 | +€6,399 | +135.3% |
| Current assets | 29/58 | €321,362 | €257,426 | -€63,935 | -19.9% |
| Amounts receivable after more than one year | 29 | €54,400 | - | -€54,400 | |
| Other amounts receivable | 291 | €54,400 | - | -€54,400 | |
| Amounts receivable within one year | 40/41 | €47,742 | €27,038 | -€20,704 | -43.4% |
| Trade receivables | 40 | €22,130 | €22,772 | +€643 | +2.9% |
| Other amounts receivable | 41 | €25,612 | €4,266 | -€21,346 | -83.3% |
| Current investments | 50/53 | - | €141,569 | +€141,569 | |
| Cash at bank and in hand | 54/58 | €218,235 | €87,536 | -€130,699 | -59.9% |
| Deferred charges and accrued income | 490/1 | €985 | €1,283 | +€298 | +30.2% |
| Total equity and liabilities | 10/49 | €327,959 | €269,737 | -€58,222 | -17.8% |
| Equity | 10/15 | €156,352 | €201,311 | +€44,959 | +28.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €156,351 | €201,310 | +€44,959 | +28.8% |
| Distributable reserves | 133 | €156,351 | €201,310 | +€44,959 | +28.8% |
| Amounts payable | 17/49 | €171,607 | €68,426 | -€103,181 | -60.1% |
| Amounts payable within one year | 42/48 | €171,607 | €68,205 | -€103,402 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €20,903 | €20,891 | -€12 | -0.1% |
| Trade debts | 44 | €4,992 | €4,386 | -€606 | -12.1% |
| Suppliers | 440/4 | €4,992 | €4,386 | -€606 | -12.1% |
| Taxes, remuneration and social security | 45 | €10,829 | €12,904 | +€2,075 | +19.2% |
| Taxes | 450/3 | €10,829 | €12,904 | +€2,075 | +19.2% |
| Other amounts payable | 47/48 | €134,882 | €30,024 | -€104,859 | -77.7% |
| Accrued charges and deferred income | 492/3 | - | €222 | +€222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,819 | €2,496 | +€678 | +37.3% |
| Other operating charges | 640/8 | €1,197 | €1,101 | -€96 | -8.0% |
| Gross operating margin | 9900 | €99,807 | €97,835 | -€1,972 | -2.0% |
| Operating profit (loss) | 9901 | €96,792 | €94,238 | -€2,554 | -2.6% |
| Financial income | 75/76B | €4,236 | €4,217 | -€18 | -0.4% |
| Recurring financial income | 75 | €4,236 | €4,217 | -€18 | -0.4% |
| Financial charges | 65/66B | €865 | €846 | -€18 | -2.1% |
| Recurring financial charges | 65 | €865 | €846 | -€18 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €100,163 | €97,609 | -€2,554 | -2.5% |
| Income taxes | 67/77 | €29,192 | €28,334 | -€859 | -2.9% |
| Profit (loss) for the period | 9904 | €70,970 | €69,275 | -€1,695 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,970 | €69,275 | -€1,695 | -2.4% |
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 10 October 2026 via checked.be.