VITELO: 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.
VITELO
Largest movements
- Receivables within one year +€43,560
up €43,560 (+100.0%), from €43,569 to €87,129
of which Trade receivables: +€43,560
- Cash +€19,132
up €19,132 (+38.1%), from €50,267 to €69,400
mainly Net result for the year (+€89,966) and Trade debts (+€46,475)
- Reserves +€89,966
up €89,966 (+200%), from €44,972 to €134,938
- Debts after one year -€84,000
down €84,000 (-16.7%), from €504,000 to €420,000
- Trade debts +€46,475
up €46,475 (+181%), from €25,725 to €72,200
- Gross operating margin +€70,167
up €70,167 (+102%), from €68,901 to €139,067
- Taxes +€14,998
up €14,998 (+100%), from €14,991 to €29,989
- Financial charges +€10,000
up €10,000 (+112%), from €8,938 to €18,939
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 | €933,837 | €996,529 | +€62,692 | +6.7% |
| Fixed assets | 21/28 | €840,000 | €840,000 | = | 0.0% |
| Financial fixed assets | 28 | €840,000 | €840,000 | = | 0.0% |
| Current assets | 29/58 | €93,837 | €156,529 | +€62,692 | +66.8% |
| Amounts receivable within one year | 40/41 | €43,569 | €87,129 | +€43,560 | +100.0% |
| Trade receivables | 40 | €43,560 | €87,120 | +€43,560 | +100% |
| Other amounts receivable | 41 | €9 | €9 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,267 | €69,400 | +€19,132 | +38.1% |
| Total equity and liabilities | 10/49 | €933,837 | €996,529 | +€62,692 | +6.7% |
| Equity | 10/15 | €296,972 | €386,938 | +€89,966 | +30.3% |
| Contributions | 10/11 | €252,000 | €252,000 | = | 0.0% |
| Reserves | 13 | €44,972 | €134,938 | +€89,966 | +200% |
| Distributable reserves | 133 | €44,972 | €134,938 | +€89,966 | +200% |
| Amounts payable | 17/49 | €636,865 | €609,591 | -€27,274 | -4.3% |
| Amounts payable after more than one year | 17 | €504,000 | €420,000 | -€84,000 | -16.7% |
| Financial debts | 170/4 | €504,000 | €420,000 | -€84,000 | -16.7% |
| Amounts payable within one year | 42/48 | €132,865 | €189,591 | +€56,726 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €84,000 | €84,000 | = | 0.0% |
| Trade debts | 44 | €25,725 | €72,200 | +€46,475 | +181% |
| Suppliers | 440/4 | €25,725 | €72,200 | +€46,475 | +181% |
| Taxes, remuneration and social security | 45 | €3,140 | €8,391 | +€5,251 | +167% |
| Taxes | 450/3 | €3,140 | €8,391 | +€5,251 | +167% |
| Other amounts payable | 47/48 | €20,000 | €25,000 | +€5,000 | +25.0% |
| Other operating charges | 640/8 | - | €174 | +€174 | |
| Gross operating margin | 9900 | €68,901 | €139,067 | +€70,167 | +102% |
| Operating profit (loss) | 9901 | €68,901 | €138,893 | +€69,993 | +102% |
| Financial charges | 65/66B | €8,938 | €18,939 | +€10,000 | +112% |
| Recurring financial charges | 65 | €8,938 | €18,939 | +€10,000 | +112% |
| Profit (loss) for the period before taxes | 9903 | €59,962 | €119,955 | +€59,992 | +100% |
| Income taxes | 67/77 | €14,991 | €29,989 | +€14,998 | +100% |
| Profit (loss) for the period | 9904 | €44,972 | €89,966 | +€44,994 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €44,972 | €89,966 | +€44,994 | +100% |
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.