VITISCO: 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.
VITISCO
Largest movements
- Receivables within one year -€22,955
down €22,955 (-15.7%), from €146,592 to €123,637
of which Other amounts receivable: -€29,518
- Tangible fixed assets +€15,211
up €15,211 (+20.8%), from €73,021 to €88,233
of which Other tangible fixed assets: +€13,645
- Cash -€3,253
down €3,253 (-84.3%), from €3,861 to €608
mainly Other debts (-€67,250) and Investment in fixed assets (net) (-€17,691)
- Other debts -€67,250
down €67,250 (-89.1%), from €75,500 to €8,250
- Trade debts +€57,068
up €57,068 (+396.7%), from €14,385 to €71,454
- Gross operating margin -€60,385
down €60,385 (-80.6%), from €74,875 to €14,490
- Financial income -€18,256
down €18,256 (-99.9%), from €18,279 to €23
- Depreciation -€9,518
down €9,518 (-69.8%), from €13,630 to €4,113
- Taxes -€1,726
down €1,726 (-78.0%), from €2,213 to €487
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 | €272,382 | €262,285 | -€10,097 | -3.7% |
| Fixed assets | 21/28 | €75,321 | €88,899 | +€13,578 | +18.0% |
| Intangible fixed assets | 21 | €2,299 | €666 | -€1,633 | -71.0% |
| Tangible fixed assets | 22/27 | €73,021 | €88,233 | +€15,211 | +20.8% |
| Plant, machinery and equipment | 23 | - | €3,651 | +€3,651 | |
| Furniture and vehicles | 24 | €9,654 | €7,569 | -€2,085 | -21.6% |
| Other tangible fixed assets | 26 | €63,367 | €77,012 | +€13,645 | +21.5% |
| Current assets | 29/58 | €197,062 | €173,386 | -€23,675 | -12.0% |
| Stocks and contracts in progress | 3 | €38,689 | €38,689 | = | 0.0% |
| Stocks | 30/36 | €15,804 | €15,804 | = | 0.0% |
| Contracts in progress | 37 | €22,885 | €22,885 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €146,592 | €123,637 | -€22,955 | -15.7% |
| Trade receivables | 40 | €88,623 | €95,186 | +€6,563 | +7.4% |
| Other amounts receivable | 41 | €57,968 | €28,451 | -€29,518 | -50.9% |
| Cash at bank and in hand | 54/58 | €3,861 | €608 | -€3,253 | -84.3% |
| Deferred charges and accrued income | 490/1 | €7,920 | €10,453 | +€2,533 | +32.0% |
| Total equity and liabilities | 10/49 | €272,382 | €262,285 | -€10,097 | -3.7% |
| Equity | 10/15 | €179,381 | €179,402 | +€21 | 0.0% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €17,381 | €17,402 | +€21 | +0.1% |
| Non-distributable reserves | 130/1 | €16,200 | €16,200 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Distributable reserves | 133 | €1,181 | €1,202 | +€21 | +1.8% |
| Amounts payable | 17/49 | €93,002 | €82,884 | -€10,118 | -10.9% |
| Amounts payable within one year | 42/48 | €93,002 | €82,884 | -€10,118 | -10.9% |
| Trade debts | 44 | €14,385 | €71,454 | +€57,068 | +396.7% |
| Suppliers | 440/4 | €14,385 | €71,454 | +€57,068 | +396.7% |
| Taxes, remuneration and social security | 45 | €3,116 | €3,180 | +€63 | +2.0% |
| Taxes | 450/3 | €3,116 | €3,180 | +€63 | +2.0% |
| Other amounts payable | 47/48 | €75,500 | €8,250 | -€67,250 | -89.1% |
| Non-recurring operating income | 76A | €5,830 | - | -€5,830 | |
| Remuneration, social security and pensions | 62 | €336 | - | -€336 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,630 | €4,113 | -€9,518 | -69.8% |
| Other operating charges | 640/8 | €306 | €762 | +€456 | +149.3% |
| Gross operating margin | 9900 | €74,875 | €14,490 | -€60,385 | -80.6% |
| Operating profit (loss) | 9901 | €60,603 | €9,616 | -€50,987 | -84.1% |
| Financial income | 75/76B | €18,279 | €23 | -€18,256 | -99.9% |
| Recurring financial income | 75 | €18,279 | €23 | -€18,256 | -99.9% |
| Financial charges | 65/66B | €1,002 | €881 | -€121 | -12.1% |
| Recurring financial charges | 65 | €1,002 | €881 | -€121 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €77,880 | €8,758 | -€69,122 | -88.8% |
| Income taxes | 67/77 | €2,213 | €487 | -€1,726 | -78.0% |
| Profit (loss) for the period | 9904 | €75,667 | €8,271 | -€67,396 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,667 | €8,271 | -€67,396 | -89.1% |
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 6 October 2026 via checked.be.