VITONA: 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.
VITONA
Largest movements
- Receivables within one year -€395,244
no longer reported in 2025 (was €395,244)
of which Other amounts receivable: -€250,000
- Cash +€148,211
up €148,211 (+395%), from €37,486 to €185,698
mainly Receivables within one year (+€395,244) and Net result for the year (+€70,590)
- Tangible fixed assets -€26,788
down €26,788 (-3.8%), from €699,291 to €672,503
of which Land and buildings: -€21,851
- Short-term financial debts -€250,000
no longer reported in 2025 (was €250,000)
- Other debts -€98,043
no longer reported in 2025 (was €98,043)
- Profit (loss) carried forward +€72,358
up €72,358 (+10.9%), from €664,984 to €737,343
- Tax, wage and social debts +€13,686
up €13,686 (+29.8%), from €45,904 to €59,590
- Gross operating margin -€51,416
down €51,416 (-25.1%), from €204,842 to €153,426
- Taxes -€7,341
down €7,341 (-19.0%), from €38,617 to €31,276
- Financial charges -€7,071
down €7,071 (-54.6%), from €12,939 to €5,868
- Financial income -€4,128
down €4,128 (-53.1%), from €7,767 to €3,640
- Depreciation -€3,447
down €3,447 (-11.4%), from €30,235 to €26,788
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 | €1,132,021 | €858,201 | -€273,820 | -24.2% |
| Fixed assets | 21/28 | €699,291 | €672,503 | -€26,788 | -3.8% |
| Tangible fixed assets | 22/27 | €699,291 | €672,503 | -€26,788 | -3.8% |
| Land and buildings | 22 | €677,391 | €655,539 | -€21,851 | -3.2% |
| Plant, machinery and equipment | 23 | €21,887 | €16,964 | -€4,924 | -22.5% |
| Furniture and vehicles | 24 | €13 | - | -€13 | |
| Current assets | 29/58 | €432,730 | €185,698 | -€247,032 | -57.1% |
| Amounts receivable within one year | 40/41 | €395,244 | - | -€395,244 | |
| Trade receivables | 40 | €145,244 | - | -€145,244 | |
| Other amounts receivable | 41 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €37,486 | €185,698 | +€148,211 | +395% |
| Total equity and liabilities | 10/49 | €1,132,021 | €858,201 | -€273,820 | -24.2% |
| Equity | 10/15 | €727,188 | €797,777 | +€70,590 | +9.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €12,203 | €10,434 | -€1,769 | -14.5% |
| Non-distributable reserves | 130/1 | €10,434 | €10,434 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,434 | €10,434 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,769 | - | -€1,769 | |
| Profit (loss) carried forward | 14 | €664,984 | €737,343 | +€72,358 | +10.9% |
| Provisions and deferred taxes | 16 | €590 | - | -€590 | |
| Deferred taxes | 168 | €590 | - | -€590 | |
| Amounts payable | 17/49 | €404,243 | €60,423 | -€343,820 | -85.1% |
| Amounts payable within one year | 42/48 | €394,846 | €59,590 | -€335,256 | -84.9% |
| Financial debts | 43 | €250,000 | - | -€250,000 | |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Trade debts | 44 | €899 | - | -€899 | |
| Suppliers | 440/4 | €899 | - | -€899 | |
| Taxes, remuneration and social security | 45 | €45,904 | €59,590 | +€13,686 | +29.8% |
| Taxes | 450/3 | €45,904 | €59,590 | +€13,686 | +29.8% |
| Other amounts payable | 47/48 | €98,043 | - | -€98,043 | |
| Accrued charges and deferred income | 492/3 | €9,397 | €833 | -€8,564 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,235 | €26,788 | -€3,447 | -11.4% |
| Other operating charges | 640/8 | €21,806 | €23,133 | +€1,327 | +6.1% |
| Gross operating margin | 9900 | €204,842 | €153,426 | -€51,416 | -25.1% |
| Operating profit (loss) | 9901 | €152,801 | €103,505 | -€49,296 | -32.3% |
| Financial income | 75/76B | €7,767 | €3,640 | -€4,128 | -53.1% |
| Recurring financial income | 75 | €7,767 | €3,640 | -€4,128 | -53.1% |
| Financial charges | 65/66B | €12,939 | €5,868 | -€7,071 | -54.6% |
| Recurring financial charges | 65 | €12,939 | €5,868 | -€7,071 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €147,629 | €101,276 | -€46,353 | -31.4% |
| Transfer from deferred taxes | 780 | €1,121 | €590 | -€532 | -47.4% |
| Income taxes | 67/77 | €38,617 | €31,276 | -€7,341 | -19.0% |
| Profit (loss) for the period | 9904 | €110,133 | €70,590 | -€39,543 | -35.9% |
| Transfer from tax-exempt reserves | 789 | €3,363 | €1,769 | -€1,595 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €113,496 | €72,358 | -€41,138 | -36.2% |
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.