VITEX: 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.
VITEX
Largest movements
- Current investments -€114,595
down €114,595 (-100.0%), from €114,595 to €0
- Cash +€106,294
up €106,294 (+5665.2%), from €1,876 to €108,170
mainly Current investments (+€114,595) and Other debts (+€70,263)
- Tangible fixed assets -€17,270
down €17,270 (-13.8%), from €124,874 to €107,604
of which Leasing and similar rights: -€16,241
- Other debts +€70,263
up €70,263 (+1984.2%), from €3,541 to €73,804
- Contributions -€58,000
down €58,000 (-52.7%), from €110,000 to €52,000
- Reserves -€16,000
down €16,000 (-71.6%), from €22,344 to €6,344
- Debts after one year -€12,524
down €12,524 (-12.4%), from €101,238 to €88,714
- Profit (loss) carried forward -€10,029
new in 2025: -€10,029
- Depreciation +€2,364
up €2,364 (+15.9%), from €14,905 to €17,270
- Financial income -€1,026
down €1,026 (-49.0%), from €2,095 to €1,069
- Gross operating margin -€855
down €855 (-8.4%), from €10,180 to €9,325
- Other operating charges +€588
up €588 (+42.0%), from €1,402 to €1,990
- Financial charges -€212
down €212 (-18.1%), from €1,169 to €957
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 | €250,255 | €224,228 | -€26,028 | -10.4% |
| Fixed assets | 21/28 | €125,124 | €107,604 | -€17,520 | -14.0% |
| Tangible fixed assets | 22/27 | €124,874 | €107,604 | -€17,270 | -13.8% |
| Plant, machinery and equipment | 23 | €1,459 | €688 | -€771 | -52.8% |
| Furniture and vehicles | 24 | €774 | €516 | -€258 | -33.3% |
| Leasing and similar rights | 25 | €122,641 | €106,400 | -€16,241 | -13.2% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100.0% |
| Current assets | 29/58 | €125,132 | €116,624 | -€8,508 | -6.8% |
| Amounts receivable after more than one year | 29 | €8,000 | €8,000 | = | 0.0% |
| Other amounts receivable | 291 | €8,000 | €8,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €660 | €454 | -€207 | -31.3% |
| Trade receivables | 40 | €207 | €0 | -€207 | -100.0% |
| Other amounts receivable | 41 | €454 | €454 | = | 0.0% |
| Current investments | 50/53 | €114,595 | €0 | -€114,595 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,876 | €108,170 | +€106,294 | +5665.2% |
| Total equity and liabilities | 10/49 | €250,255 | €224,228 | -€26,028 | -10.4% |
| Equity | 10/15 | €132,344 | €48,315 | -€84,029 | -63.5% |
| Contributions | 10/11 | €110,000 | €52,000 | -€58,000 | -52.7% |
| Reserves | 13 | €22,344 | €6,344 | -€16,000 | -71.6% |
| Distributable reserves | 133 | €22,344 | €6,344 | -€16,000 | -71.6% |
| Profit (loss) carried forward | 14 | - | -€10,029 | -€10,029 | |
| Amounts payable | 17/49 | €117,911 | €175,913 | +€58,002 | +49.2% |
| Amounts payable after more than one year | 17 | €101,238 | €88,714 | -€12,524 | -12.4% |
| Financial debts | 170/4 | €101,238 | €88,714 | -€12,524 | -12.4% |
| Amounts payable within one year | 42/48 | €16,673 | €87,199 | +€70,526 | +423.0% |
| Current portion of amounts payable after more than one year | 42 | €12,524 | €12,524 | = | 0.0% |
| Trade debts | 44 | - | €175 | +€175 | |
| Suppliers | 440/4 | - | €175 | +€175 | |
| Taxes, remuneration and social security | 45 | €608 | €696 | +€88 | +14.5% |
| Taxes | 450/3 | €608 | €696 | +€88 | +14.5% |
| Other amounts payable | 47/48 | €3,541 | €73,804 | +€70,263 | +1984.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,905 | €17,270 | +€2,364 | +15.9% |
| Other operating charges | 640/8 | €1,402 | €1,990 | +€588 | +42.0% |
| Gross operating margin | 9900 | €10,180 | €9,325 | -€855 | -8.4% |
| Operating profit (loss) | 9901 | -€6,127 | -€9,935 | -€3,808 | -62.1% |
| Financial income | 75/76B | €2,095 | €1,069 | -€1,026 | -49.0% |
| Recurring financial income | 75 | €2,095 | €1,069 | -€1,026 | -49.0% |
| Financial charges | 65/66B | €1,169 | €957 | -€212 | -18.1% |
| Recurring financial charges | 65 | €1,169 | €957 | -€212 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,201 | -€9,823 | -€4,622 | -88.9% |
| Income taxes | 67/77 | - | €206 | +€206 | |
| Profit (loss) for the period | 9904 | -€5,201 | -€10,029 | -€4,829 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,201 | -€10,029 | -€4,829 | -92.8% |
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 3 October 2026 via checked.be.