Vitis Etcetera: 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.
Vitis Etcetera
Largest movements
- Tangible fixed assets -€75,319
down €75,319 (-18.8%), from €401,292 to €325,972
- Cash -€49,709
down €49,709 (-98.1%), from €50,665 to €957
mainly Net result for the year (-€67,469) and Other debts (-€29,564)
- Receivables within one year +€22,203
up €22,203 (+20,956%), from €106 to €22,309
of which Trade receivables: +€21,780
- Profit (loss) carried forward -€67,469
down €67,469 (-27.8%), from -€242,945 to -€310,414
- Other debts -€29,564
down €29,564 (-4.5%), from €649,781 to €620,216
- Trade debts -€5,650
down €5,650 (-83.4%), from €6,776 to €1,127
- Gross operating margin +€19,769
up €19,769, from -€10,578 to €9,191
- Depreciation +€1,083
up €1,083 (+1.5%), from €74,237 to €75,319
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 | €453,612 | €350,929 | -€102,683 | -22.6% |
| Fixed assets | 21/28 | €401,292 | €325,972 | -€75,319 | -18.8% |
| Tangible fixed assets | 22/27 | €401,292 | €325,972 | -€75,319 | -18.8% |
| Land and buildings | 22 | €226,817 | €203,527 | -€23,290 | -10.3% |
| Plant, machinery and equipment | 23 | €122,672 | €89,538 | -€33,134 | -27.0% |
| Furniture and vehicles | 24 | €51,803 | €32,908 | -€18,895 | -36.5% |
| Current assets | 29/58 | €52,321 | €24,957 | -€27,364 | -52.3% |
| Amounts receivable within one year | 40/41 | €106 | €22,309 | +€22,203 | +20,956% |
| Trade receivables | 40 | €0 | €21,780 | +€21,780 | |
| Other amounts receivable | 41 | €106 | €529 | +€423 | +399% |
| Cash at bank and in hand | 54/58 | €50,665 | €957 | -€49,709 | -98.1% |
| Deferred charges and accrued income | 490/1 | €1,549 | €1,691 | +€142 | +9.2% |
| Total equity and liabilities | 10/49 | €453,612 | €350,929 | -€102,683 | -22.6% |
| Equity | 10/15 | -€202,945 | -€270,414 | -€67,469 | -33.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,945 | -€310,414 | -€67,469 | -27.8% |
| Amounts payable | 17/49 | €656,557 | €621,343 | -€35,214 | -5.4% |
| Amounts payable within one year | 42/48 | €656,557 | €621,343 | -€35,214 | -5.4% |
| Trade debts | 44 | €6,776 | €1,127 | -€5,650 | -83.4% |
| Suppliers | 440/4 | €6,776 | €1,127 | -€5,650 | -83.4% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €649,781 | €620,216 | -€29,564 | -4.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,237 | €75,319 | +€1,083 | +1.5% |
| Other operating charges | 640/8 | €1,144 | €1,185 | +€41 | +3.6% |
| Gross operating margin | 9900 | -€10,578 | €9,191 | +€19,769 | |
| Operating profit (loss) | 9901 | -€85,959 | -€67,313 | +€18,646 | +21.7% |
| Financial charges | 65/66B | €135 | €156 | +€21 | +15.6% |
| Recurring financial charges | 65 | €135 | €156 | +€21 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€86,094 | -€67,469 | +€18,624 | +21.6% |
| Profit (loss) for the period | 9904 | -€86,094 | -€67,469 | +€18,624 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,094 | -€67,469 | +€18,624 | +21.6% |
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 13 October 2026 via checked.be.