VITOP: 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.
VITOP
Largest movements
- Financial fixed assets +€40,000
new in 2025: €40,000
- Receivables after one year -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Receivables within one year +€26,778
up €26,778 (+36.3%), from €73,792 to €100,570
of which Trade receivables: +€25,523
- Cash -€20,902
down €20,902 (-41.2%), from €50,793 to €29,892
mainly Contributions, distributions and other (-€365,000) and Investment in fixed assets (net) (-€41,198)
- Other debts +€223,746
up €223,746 (+11965.2%), from €1,870 to €225,616
- Profit (loss) carried forward -€219,181
down €219,181 (-99.5%), from €220,386 to €1,205
- Tax, wage and social debts +€24,826
up €24,826 (+37.4%), from €66,329 to €91,155
- Trade debts -€14,190
down €14,190 (-82.0%), from €17,298 to €3,108
- Gross operating margin +€36,377
up €36,377 (+22.4%), from €162,500 to €198,877
- Taxes +€15,238
up €15,238 (+42.8%), from €35,563 to €50,801
- Other operating charges -€2,478
down €2,478 (-63.4%), from €3,911 to €1,432
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 | €306,553 | €321,755 | +€15,202 | +5.0% |
| Fixed assets | 21/28 | €4,247 | €43,744 | +€39,497 | +930.0% |
| Tangible fixed assets | 22/27 | €4,247 | €3,744 | -€503 | -11.8% |
| Furniture and vehicles | 24 | €4,247 | €3,744 | -€503 | -11.8% |
| Financial fixed assets | 28 | - | €40,000 | +€40,000 | |
| Current assets | 29/58 | €302,306 | €278,011 | -€24,295 | -8.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €0 | -€30,000 | -100.0% |
| Other amounts receivable | 291 | €30,000 | €0 | -€30,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €73,792 | €100,570 | +€26,778 | +36.3% |
| Trade receivables | 40 | €73,792 | €99,315 | +€25,523 | +34.6% |
| Other amounts receivable | 41 | €0 | €1,254 | +€1,254 | |
| Current investments | 50/53 | €146,254 | €147,549 | +€1,295 | +0.9% |
| Cash at bank and in hand | 54/58 | €50,793 | €29,892 | -€20,902 | -41.2% |
| Deferred charges and accrued income | 490/1 | €1,466 | €0 | -€1,466 | -100.0% |
| Total equity and liabilities | 10/49 | €306,553 | €321,755 | +€15,202 | +5.0% |
| Equity | 10/15 | €220,486 | €1,305 | -€219,181 | -99.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,386 | €1,205 | -€219,181 | -99.5% |
| Amounts payable | 17/49 | €86,067 | €320,450 | +€234,383 | +272.3% |
| Amounts payable within one year | 42/48 | €85,497 | €319,880 | +€234,383 | +274.1% |
| Trade debts | 44 | €17,298 | €3,108 | -€14,190 | -82.0% |
| Suppliers | 440/4 | €17,298 | €3,108 | -€14,190 | -82.0% |
| Taxes, remuneration and social security | 45 | €66,329 | €91,155 | +€24,826 | +37.4% |
| Taxes | 450/3 | €66,329 | €91,155 | +€24,826 | +37.4% |
| Other amounts payable | 47/48 | €1,870 | €225,616 | +€223,746 | +11965.2% |
| Accrued charges and deferred income | 492/3 | €570 | €570 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,461 | €1,700 | +€240 | +16.4% |
| Other operating charges | 640/8 | €3,911 | €1,432 | -€2,478 | -63.4% |
| Gross operating margin | 9900 | €162,500 | €198,877 | +€36,377 | +22.4% |
| Operating profit (loss) | 9901 | €157,129 | €195,744 | +€38,616 | +24.6% |
| Financial income | 75/76B | €1,792 | €1,851 | +€59 | +3.3% |
| Recurring financial income | 75 | €1,792 | €1,851 | +€59 | +3.3% |
| Financial charges | 65/66B | €1,038 | €975 | -€63 | -6.1% |
| Recurring financial charges | 65 | €1,038 | €975 | -€63 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €157,882 | €196,620 | +€38,738 | +24.5% |
| Income taxes | 67/77 | €35,563 | €50,801 | +€15,238 | +42.8% |
| Profit (loss) for the period | 9904 | €122,319 | €145,819 | +€23,500 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €122,319 | €145,819 | +€23,500 | +19.2% |
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 7 October 2026 via checked.be.