VITECHS: 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.
VITECHS
Largest movements
- Cash -€79,080
down €79,080 (-70.8%), from €111,691 to €32,611
mainly Stocks and contracts (-€46,196) and Receivables within one year (-€21,950)
- Stocks and contracts +€46,196
up €46,196 (+122.4%), from €37,739 to €83,935
- Receivables within one year +€21,950
new in 2025: €21,950
- Tangible fixed assets +€2,806
up €2,806 (+59.1%), from €4,748 to €7,553
of which Furniture and vehicles: +€3,840
- Tax, wage and social debts -€14,316
down €14,316 (-25.6%), from €55,875 to €41,558
of which Taxes: -€17,114
- Trade debts +€11,659
up €11,659 (+122.2%), from €9,539 to €21,199
- Advances received -€8,713
no longer reported in 2025 (was €8,713)
- Profit (loss) carried forward +€3,240
up €3,240 (+45.5%), from €7,129 to €10,369
- Gross operating margin -€15,095
down €15,095 (-74.5%), from €20,255 to €5,160
- Financial income +€2,066
new in 2025: €2,066
of which Non-recurring financial income: +€2,016
- Financial charges -€1,551
down €1,551 (-68.6%), from €2,259 to €708
of which Non-recurring financial charges: -€1,800
- Depreciation +€960
up €960 (+92.8%), from €1,034 to €1,994
- Taxes -€808
no longer reported in 2025 (was €808)
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 | €154,178 | €146,049 | -€8,129 | -5.3% |
| Fixed assets | 21/28 | €4,748 | €7,553 | +€2,806 | +59.1% |
| Tangible fixed assets | 22/27 | €4,748 | €7,553 | +€2,806 | +59.1% |
| Plant, machinery and equipment | 23 | €3,050 | €2,440 | -€610 | -20.0% |
| Furniture and vehicles | 24 | - | €3,840 | +€3,840 | |
| Other tangible fixed assets | 26 | €1,698 | €1,273 | -€424 | -25.0% |
| Current assets | 29/58 | €149,430 | €138,495 | -€10,935 | -7.3% |
| Stocks and contracts in progress | 3 | €37,739 | €83,935 | +€46,196 | +122.4% |
| Stocks | 30/36 | €37,739 | €83,935 | +€46,196 | +122.4% |
| Amounts receivable within one year | 40/41 | - | €21,950 | +€21,950 | |
| Trade receivables | 40 | - | €21,950 | +€21,950 | |
| Cash at bank and in hand | 54/58 | €111,691 | €32,611 | -€79,080 | -70.8% |
| Total equity and liabilities | 10/49 | €154,178 | €146,049 | -€8,129 | -5.3% |
| Equity | 10/15 | €25,729 | €28,969 | +€3,240 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,129 | €10,369 | +€3,240 | +45.5% |
| Amounts payable | 17/49 | €128,450 | €117,080 | -€11,370 | -8.9% |
| Amounts payable within one year | 42/48 | €128,450 | €117,080 | -€11,370 | -8.9% |
| Trade debts | 44 | €9,539 | €21,199 | +€11,659 | +122.2% |
| Suppliers | 440/4 | €9,539 | €21,199 | +€11,659 | +122.2% |
| Advances received on contracts in progress | 46 | €8,713 | - | -€8,713 | |
| Taxes, remuneration and social security | 45 | €55,875 | €41,558 | -€14,316 | -25.6% |
| Taxes | 450/3 | €35,875 | €18,761 | -€17,114 | -47.7% |
| Remuneration and social security | 454/9 | €20,000 | €22,798 | +€2,798 | +14.0% |
| Other amounts payable | 47/48 | €54,323 | €54,323 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,034 | €1,994 | +€960 | +92.8% |
| Other operating charges | 640/8 | €1,259 | €1,283 | +€24 | +1.9% |
| Gross operating margin | 9900 | €20,255 | €5,160 | -€15,095 | -74.5% |
| Operating profit (loss) | 9901 | €17,962 | €1,883 | -€16,079 | -89.5% |
| Financial income | 75/76B | - | €2,066 | +€2,066 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Non-recurring financial income | 76B | - | €2,016 | +€2,016 | |
| Financial charges | 65/66B | €2,259 | €708 | -€1,551 | -68.6% |
| Recurring financial charges | 65 | €459 | €708 | +€249 | +54.3% |
| Non-recurring financial charges | 66B | €1,800 | - | -€1,800 | |
| Profit (loss) for the period before taxes | 9903 | €15,703 | €3,240 | -€12,462 | -79.4% |
| Income taxes | 67/77 | €808 | - | -€808 | |
| Profit (loss) for the period | 9904 | €14,894 | €3,240 | -€11,654 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,894 | €3,240 | -€11,654 | -78.2% |
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.