VITESSE: 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.
What changed
VITESSE
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€28,363
2024 · €60,848-€32,486
Equity
€278,303
2024 · €249,940+€28,363
Cash
€11,348
2024 · €18,792-€7,444
Balance sheet total
€2.4m
2024 · €2.5m-€140,929
Largest movements
Assets
- Tangible fixed assets -€117,989
down €117,989 (-5.0%), from €2.4m to €2.2m
of which Land and buildings: -€117,250
- Receivables within one year -€29,496
down €29,496 (-28.6%), from €103,053 to €73,557
of which Trade receivables: -€29,496
Equity and liabilities
- Debts after one year -€142,332
down €142,332 (-7.5%), from €1.9m to €1.8m
of which Financial debts: -€142,332
- Profit (loss) carried forward +€31,387
up €31,387, from -€31,387 to €0
Income statement
- Other operating charges +€25,308
up €25,308 (+102%), from €24,824 to €50,133
- Financial charges +€18,747
up €18,747 (+43.9%), from €42,724 to €61,471
- Gross operating margin +€12,031
up €12,031 (+2.7%), from €443,550 to €455,581
- Staff costs +€9,866
up €9,866 (+5.6%), from €175,581 to €185,446
- Taxes -€7,532
down €7,532 (-34.6%), from €21,750 to €14,219
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.
Result 2024
€60,848
Gross operating margin
+€12,031
Staff costs
-€9,866
Depreciation
+€1,879
Other operating charges
-€25,308
Financial income
-€6
Financial charges
-€18,747
Taxes
+€7,532
Result 2025
€28,363
raises the resultlowers the result
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.
From operations
+€154,735
Investment
€0
Financing
-€162,179
Cash 2024
€18,792
From operations (derived)
+€154,735
Net result for the year
+€28,363
Depreciation
+€117,989
Stocks and contracts
-€14,000
Receivables within one year
+€29,496
Provisions
-€2,039
Trade debts
-€8,687
Tax, wage and social debts
-€4,804
Other debts
+€8,417
Financing
-€162,179
Debts after one year
-€142,332
Current portion of long-term debt
-€19,847
Contributions, distributions and other
-€0
Cash 2025
€11,348
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,509,799 | €2,368,870 | -€140,929 | -5.6% |
| Fixed assets | 21/28 | €2,356,558 | €2,238,568 | -€117,989 | -5.0% |
| Tangible fixed assets | 22/27 | €2,356,478 | €2,238,488 | -€117,989 | -5.0% |
| Land and buildings | 22 | €2,355,604 | €2,238,355 | -€117,250 | -5.0% |
| Plant, machinery and equipment | 23 | €24 | €0 | -€24 | -100% |
| Furniture and vehicles | 24 | €849 | €134 | -€716 | -84.3% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €153,242 | €130,302 | -€22,940 | -15.0% |
| Stocks and contracts in progress | 3 | €31,397 | €45,397 | +€14,000 | +44.6% |
| Stocks | 30/36 | €31,397 | €45,397 | +€14,000 | +44.6% |
| Amounts receivable within one year | 40/41 | €103,053 | €73,557 | -€29,496 | -28.6% |
| Trade receivables | 40 | €103,043 | €73,547 | -€29,496 | -28.6% |
| Other amounts receivable | 41 | €10 | €10 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,792 | €11,348 | -€7,444 | -39.6% |
| Total equity and liabilities | 10/49 | €2,509,799 | €2,368,870 | -€140,929 | -5.6% |
| Equity | 10/15 | €249,940 | €278,303 | +€28,363 | +11.3% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €33,434 | €30,409 | -€3,025 | -9.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,253 | +€155 | +5.0% |
| Legal reserve | 130 | €3,099 | €3,253 | +€155 | +5.0% |
| Tax-exempt reserves | 132 | €30,335 | €24,219 | -€6,116 | -20.2% |
| Distributable reserves | 133 | - | €2,937 | +€2,937 | |
| Profit (loss) carried forward | 14 | -€31,387 | €0 | +€31,387 | |
| Provisions and deferred taxes | 16 | €10,012 | €7,973 | -€2,039 | -20.4% |
| Deferred taxes | 168 | €10,012 | €7,973 | -€2,039 | -20.4% |
| Amounts payable | 17/49 | €2,249,847 | €2,082,594 | -€167,253 | -7.4% |
| Amounts payable after more than one year | 17 | €1,906,621 | €1,764,289 | -€142,332 | -7.5% |
| Financial debts | 170/4 | €1,905,021 | €1,762,689 | -€142,332 | -7.5% |
| Other amounts payable | 178/9 | €1,600 | €1,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €343,226 | €318,305 | -€24,921 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €163,514 | €143,667 | -€19,847 | -12.1% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €12,062 | €3,375 | -€8,687 | -72.0% |
| Suppliers | 440/4 | €12,062 | €3,375 | -€8,687 | -72.0% |
| Taxes, remuneration and social security | 45 | €62,396 | €57,592 | -€4,804 | -7.7% |
| Taxes | 450/3 | €49,451 | €46,655 | -€2,797 | -5.7% |
| Remuneration and social security | 454/9 | €12,945 | €10,938 | -€2,007 | -15.5% |
| Other amounts payable | 47/48 | €5,253 | €13,670 | +€8,417 | +160% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €175,581 | €185,446 | +€9,866 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,868 | €117,989 | -€1,879 | -1.6% |
| Other operating charges | 640/8 | €24,824 | €50,133 | +€25,308 | +102% |
| Gross operating margin | 9900 | €443,550 | €455,581 | +€12,031 | +2.7% |
| Operating profit (loss) | 9901 | €123,277 | €102,013 | -€21,264 | -17.2% |
| Financial income | 75/76B | €7 | €0 | -€6 | -94.1% |
| Recurring financial income | 75 | €7 | €0 | -€6 | -94.1% |
| Financial charges | 65/66B | €42,724 | €61,471 | +€18,747 | +43.9% |
| Recurring financial charges | 65 | €42,724 | €61,471 | +€18,747 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €80,560 | €40,542 | -€40,017 | -49.7% |
| Transfer from deferred taxes | 780 | €2,039 | €2,039 | = | 0.0% |
| Income taxes | 67/77 | €21,750 | €14,219 | -€7,532 | -34.6% |
| Profit (loss) for the period | 9904 | €60,848 | €28,363 | -€32,486 | -53.4% |
| Transfer from tax-exempt reserves | 789 | €6,116 | €6,116 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,964 | €34,478 | -€32,486 | -48.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.