vITmargan: what changed
vITmargan
Largest movements
- Cash +€26,275
up €26,275 (+308%), from €8,541 to €34,816
mainly Net result for the year (+€40,725) and Depreciation (+€5,176)
- Tangible fixed assets +€12,435
up €12,435 (+127%), from €9,787 to €22,221
of which Furniture and vehicles: +€6,477
- Receivables within one year +€9,270
up €9,270 (+21.0%), from €44,081 to €53,350
of which Trade receivables: +€18,395
- Deferred charges and accrued income +€2,177
up €2,177 (+139%), from €1,563 to €3,740
- Reserves +€40,725
up €40,725 (+95.1%), from €42,837 to €83,562
- Trade debts +€4,758
up €4,758 (+4,999%), from €95 to €4,853
- Other debts +€3,187
new in 2025: €3,187
- Tax, wage and social debts +€1,487
up €1,487 (+7.9%), from €18,709 to €20,196
of which Remuneration and social security: +€2,950
- Depreciation +€2,913
up €2,913 (+129%), from €2,263 to €5,176
- Gross operating margin +€1,385
up €1,385 (+2.3%), from €59,602 to €60,987
- Financial charges +€972
up €972 (+38.5%), from €2,523 to €3,494
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,141 | €114,298 | +€50,156 | +78.2% |
| Fixed assets | 21/28 | €9,957 | €22,391 | +€12,435 | +125% |
| Tangible fixed assets | 22/27 | €9,787 | €22,221 | +€12,435 | +127% |
| Furniture and vehicles | 24 | €6,772 | €13,248 | +€6,477 | +95.6% |
| Other tangible fixed assets | 26 | €3,015 | €8,973 | +€5,958 | +198% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €54,185 | €91,906 | +€37,722 | +69.6% |
| Amounts receivable within one year | 40/41 | €44,081 | €53,350 | +€9,270 | +21.0% |
| Trade receivables | 40 | €33,880 | €52,275 | +€18,395 | +54.3% |
| Other amounts receivable | 41 | €10,201 | €1,076 | -€9,125 | -89.5% |
| Cash at bank and in hand | 54/58 | €8,541 | €34,816 | +€26,275 | +308% |
| Deferred charges and accrued income | 490/1 | €1,563 | €3,740 | +€2,177 | +139% |
| Total equity and liabilities | 10/49 | €64,141 | €114,298 | +€50,156 | +78.2% |
| Equity | 10/15 | €45,337 | €86,062 | +€40,725 | +89.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,837 | €83,562 | +€40,725 | +95.1% |
| Distributable reserves | 133 | €42,837 | €83,562 | +€40,725 | +95.1% |
| Amounts payable | 17/49 | €18,804 | €28,235 | +€9,431 | +50.2% |
| Amounts payable within one year | 42/48 | €18,804 | €28,235 | +€9,431 | +50.2% |
| Trade debts | 44 | €95 | €4,853 | +€4,758 | +4,999% |
| Suppliers | 440/4 | €95 | €4,853 | +€4,758 | +4,999% |
| Taxes, remuneration and social security | 45 | €18,709 | €20,196 | +€1,487 | +7.9% |
| Taxes | 450/3 | €18,709 | €17,246 | -€1,463 | -7.8% |
| Remuneration and social security | 454/9 | - | €2,950 | +€2,950 | |
| Other amounts payable | 47/48 | - | €3,187 | +€3,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,263 | €5,176 | +€2,913 | +129% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €59,602 | €60,987 | +€1,385 | +2.3% |
| Operating profit (loss) | 9901 | €57,338 | €55,748 | -€1,591 | -2.8% |
| Financial income | 75/76B | €110 | €28 | -€83 | -75.0% |
| Recurring financial income | 75 | €110 | €28 | -€83 | -75.0% |
| Financial charges | 65/66B | €2,523 | €3,494 | +€972 | +38.5% |
| Recurring financial charges | 65 | €2,523 | €3,494 | +€972 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €54,926 | €52,281 | -€2,645 | -4.8% |
| Income taxes | 67/77 | €12,090 | €11,556 | -€534 | -4.4% |
| Profit (loss) for the period | 9904 | €42,837 | €40,725 | -€2,112 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,837 | €40,725 | -€2,112 | -4.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.