VITERENOV: 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.
VITERENOV
Largest movements
- Receivables within one year +€106,301
up €106,301 (+20.6%), from €517,078 to €623,379
of which Other amounts receivable: +€57,599
- Cash +€9,046
up €9,046 (+41.7%), from €21,677 to €30,724
mainly Trade debts (+€84,301) and Net result for the year (+€26,081)
- Tangible fixed assets +€8,489
up €8,489 (+41.4%), from €20,501 to €28,990
of which Plant, machinery and equipment: +€14,994
- Trade debts +€84,301
up €84,301 (+18.4%), from €457,942 to €542,242
- Profit (loss) carried forward +€26,081
up €26,081 (+39.2%), from €66,577 to €92,658
- Turnover -€1.0m
no longer reported in 2025 (was €1.0m)
- Purchases and services +€411,774
up €411,774 (+41.2%), from €998,876 to €1.4m
- Gross operating margin +€19,681
up €19,681 (+55.4%), from €35,496 to €55,176
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 | €560,472 | €685,071 | +€124,599 | +22.2% |
| Fixed assets | 21/28 | €21,716 | €30,205 | +€8,489 | +39.1% |
| Tangible fixed assets | 22/27 | €20,501 | €28,990 | +€8,489 | +41.4% |
| Plant, machinery and equipment | 23 | €1,128 | €16,123 | +€14,994 | +1,329% |
| Furniture and vehicles | 24 | €19,373 | €12,867 | -€6,506 | -33.6% |
| Financial fixed assets | 28 | €1,215 | €1,215 | = | 0.0% |
| Current assets | 29/58 | €538,756 | €654,866 | +€116,110 | +21.6% |
| Amounts receivable within one year | 40/41 | €517,078 | €623,379 | +€106,301 | +20.6% |
| Trade receivables | 40 | €504,353 | €553,055 | +€48,701 | +9.7% |
| Other amounts receivable | 41 | €12,725 | €70,324 | +€57,599 | +453% |
| Cash at bank and in hand | 54/58 | €21,677 | €30,724 | +€9,046 | +41.7% |
| Deferred charges and accrued income | 490/1 | - | €763 | +€763 | |
| Total equity and liabilities | 10/49 | €560,472 | €685,071 | +€124,599 | +22.2% |
| Equity | 10/15 | €66,577 | €92,658 | +€26,081 | +39.2% |
| Profit (loss) carried forward | 14 | €66,577 | €92,658 | +€26,081 | +39.2% |
| Amounts payable | 17/49 | €493,894 | €592,413 | +€98,518 | +19.9% |
| Amounts payable after more than one year | 17 | €1,214 | €3,663 | +€2,448 | +202% |
| Financial debts | 170/4 | €1,214 | €3,663 | +€2,448 | +202% |
| Amounts payable within one year | 42/48 | €492,680 | €588,750 | +€96,070 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €7,016 | €8,339 | +€1,323 | +18.9% |
| Financial debts | 43 | - | €4,732 | +€4,732 | |
| Credit institutions | 430/8 | - | €4,732 | +€4,732 | |
| Trade debts | 44 | €457,942 | €542,242 | +€84,301 | +18.4% |
| Suppliers | 440/4 | €457,942 | €542,242 | +€84,301 | +18.4% |
| Taxes, remuneration and social security | 45 | €27,722 | €33,437 | +€5,715 | +20.6% |
| Taxes | 450/3 | €13,322 | €16,537 | +€3,215 | +24.1% |
| Remuneration and social security | 454/9 | €14,400 | €16,900 | +€2,500 | +17.4% |
| Turnover | 70 | €1,034,372 | - | -€1.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €998,876 | €1,410,650 | +€411,774 | +41.2% |
| Remuneration, social security and pensions | 62 | - | €592 | +€592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,702 | €17,270 | +€5,569 | +47.6% |
| Other operating charges | 640/8 | €1,521 | €1,803 | +€282 | +18.5% |
| Gross operating margin | 9900 | €35,496 | €55,176 | +€19,681 | +55.4% |
| Operating profit (loss) | 9901 | €22,273 | €35,510 | +€13,238 | +59.4% |
| Financial income | 75/76B | €302 | €3,112 | +€2,810 | +930% |
| Recurring financial income | 75 | €302 | €3,112 | +€2,810 | +930% |
| Financial charges | 65/66B | €1,017 | €2,186 | +€1,168 | +115% |
| Recurring financial charges | 65 | €1,017 | €2,186 | +€1,168 | +115% |
| Profit (loss) for the period before taxes | 9903 | €21,558 | €36,437 | +€14,879 | +69.0% |
| Income taxes | 67/77 | €6,855 | €10,357 | +€3,501 | +51.1% |
| Profit (loss) for the period | 9904 | €14,702 | €26,081 | +€11,378 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,702 | €26,081 | +€11,378 | +77.4% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.