Vitinvest: 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.
Vitinvest
Largest movements
- Receivables within one year +€138,684
up €138,684 (+80.1%), from €173,176 to €311,860
of which Other amounts receivable: +€122,134
- Cash -€80,686
down €80,686 (-68.3%), from €118,157 to €37,472
mainly Receivables within one year (-€138,684) and Contributions, distributions and other (-€56,040)
- Other debts +€47,634
new in 2025: €47,634
- Tax, wage and social debts +€23,085
up €23,085 (+84.9%), from €27,201 to €50,285
of which Taxes: +€23,386
- Current portion of long-term debt -€18,698
no longer reported in 2025 (was €18,698)
- Trade debts +€4,789
up €4,789 (+36.6%), from €13,101 to €17,890
- Gross operating margin -€8,527
down €8,527 (-12.0%), from €71,245 to €62,718
- Financial income +€4,126
up €4,126 (+49.4%), from €8,359 to €12,485
- Taxes +€864
up €864 (+5.3%), from €16,327 to €17,192
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 | €295,291 | €351,727 | +€56,435 | +19.1% |
| Fixed assets | 21/28 | €1,365 | €871 | -€494 | -36.2% |
| Tangible fixed assets | 22/27 | €1,365 | €871 | -€494 | -36.2% |
| Furniture and vehicles | 24 | €1,365 | €871 | -€494 | -36.2% |
| Current assets | 29/58 | €293,926 | €350,856 | +€56,929 | +19.4% |
| Amounts receivable within one year | 40/41 | €173,176 | €311,860 | +€138,684 | +80.1% |
| Trade receivables | 40 | €3,509 | €20,059 | +€16,550 | +472% |
| Other amounts receivable | 41 | €169,667 | €291,801 | +€122,134 | +72.0% |
| Cash at bank and in hand | 54/58 | €118,157 | €37,472 | -€80,686 | -68.3% |
| Deferred charges and accrued income | 490/1 | €2,594 | €1,524 | -€1,069 | -41.2% |
| Total equity and liabilities | 10/49 | €295,291 | €351,727 | +€56,435 | +19.1% |
| Equity | 10/15 | €235,588 | €235,588 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €233,088 | €233,088 | = | 0.0% |
| Distributable reserves | 133 | €233,088 | €233,088 | = | 0.0% |
| Amounts payable | 17/49 | €59,703 | €116,139 | +€56,435 | +94.5% |
| Amounts payable within one year | 42/48 | €58,999 | €115,809 | +€56,810 | +96.3% |
| Current portion of amounts payable after more than one year | 42 | €18,698 | - | -€18,698 | |
| Trade debts | 44 | €13,101 | €17,890 | +€4,789 | +36.6% |
| Suppliers | 440/4 | €13,101 | €17,890 | +€4,789 | +36.6% |
| Taxes, remuneration and social security | 45 | €27,201 | €50,285 | +€23,085 | +84.9% |
| Taxes | 450/3 | €26,899 | €50,285 | +€23,386 | +86.9% |
| Remuneration and social security | 454/9 | €301 | - | -€301 | |
| Other amounts payable | 47/48 | - | €47,634 | +€47,634 | |
| Accrued charges and deferred income | 492/3 | €704 | €329 | -€375 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €494 | €494 | = | 0.0% |
| Other operating charges | 640/8 | €813 | €817 | +€5 | +0.6% |
| Gross operating margin | 9900 | €71,245 | €62,718 | -€8,527 | -12.0% |
| Operating profit (loss) | 9901 | €69,938 | €61,406 | -€8,531 | -12.2% |
| Financial income | 75/76B | €8,359 | €12,485 | +€4,126 | +49.4% |
| Recurring financial income | 75 | €8,359 | €12,485 | +€4,126 | +49.4% |
| Financial charges | 65/66B | €1,288 | €659 | -€629 | -48.8% |
| Recurring financial charges | 65 | €1,288 | €659 | -€629 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €77,008 | €73,232 | -€3,777 | -4.9% |
| Income taxes | 67/77 | €16,327 | €17,192 | +€864 | +5.3% |
| Profit (loss) for the period | 9904 | €60,681 | €56,040 | -€4,641 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,681 | €56,040 | -€4,641 | -7.6% |
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 30 October 2026 via checked.be.