Vitra: 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.
What changed
Vitra
NACE 18.120, Other printing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €3.0m+€181,289
Equity
€22.3m
2024 · €22.6m-€284,878
Cash
€4.0m
2024 · €2.9m+€1.1m
Balance sheet total
€24.7m
2024 · €29.7m-€5.0m
Largest movements
Assets
- Financial fixed assets -€2.5m
down €2.5m (-99.0%), from €2.6m to €24,650
of which Affiliated companies: -€2.6m
- Current investments -€1.5m
down €1.5m (-42.9%), from €3.5m to €2.0m
- Receivables within one year -€1.5m
down €1.5m (-28.4%), from €5.2m to €3.8m
of which Trade receivables: -€1.3m
- Cash +€1.1m
up €1.1m (+37.0%), from €2.9m to €4.0m
mainly Net result for the year (+€3.2m) and Depreciation (+€2.1m)
- Tangible fixed assets -€595,445
down €595,445 (-5.3%), from €11.3m to €10.7m
of which Assets under construction and advance payments: -€3.2m
Equity and liabilities
- Trade debts -€2.9m
down €2.9m (-65.3%), from €4.4m to €1.5m
- Current portion of long-term debt -€1.2m
no longer reported in 2025 (was €1.2m)
Income statement
- Turnover +€2.2m
up €2.2m (+6.9%), from €32.7m to €35.0m
- Depreciation +€666,320
up €666,320 (+46.5%), from €1.4m to €2.1m
- Financial income -€597,607
down €597,607 (-67.9%), from €879,577 to €281,970
- Goods and materials +€586,434
up €586,434 (+3.4%), from €17.2m to €17.8m
of which Purchases: +€367,711
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.
Result 2024
€3.0m
Turnover
+€2.2m
Other operating income
+€6,800
Goods and materials
-€586,434
Services and other goods
-€191,752
Staff costs
-€297,548
Depreciation
-€666,320
Write-downs
-€9,943
Provisions
+€151,151
Other operating charges
+€1,232
Other operating items
+€166,418
Financial income
-€597,607
Financial charges
+€2,779
Taxes
-€13,221
Deferred taxes and other
-€34,224
Result 2025
€3.2m
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.
From operations
+€3.5m
Investment
+€2.6m
Financing
-€4.9m
Cash 2024
€2.9m
From operations (derived)
+€3.5m
Net result for the year
+€3.2m
Depreciation
+€2.1m
Stocks and contracts
-€19,854
Receivables within one year
+€1.5m
Deferred charges and accrued income
-€21,140
Provisions
-€120,278
Trade debts
-€2.9m
Tax, wage and social debts
-€53,756
Advances received
-€271,156
Accrued charges and deferred income
+€1,289
Investment (derived)
+€2.6m
Investment in fixed assets (net)
+€1.1m
Current investments
+€1.5m
Financing
-€4.9m
Debts after one year
-€219,514
Current portion of long-term debt
-€1.2m
Contributions, distributions and other
-€3.5m
Cash 2025
€4.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,728,956 | €24,717,318 | -€5.0m | -16.9% |
| Fixed assets | 21/28 | €13,947,074 | €10,797,284 | -€3.1m | -22.6% |
| Intangible fixed assets | 21 | €105,114 | €94,620 | -€10,494 | -10.0% |
| Tangible fixed assets | 22/27 | €11,273,460 | €10,678,015 | -€595,445 | -5.3% |
| Land and buildings | 22 | €3,071,705 | €2,766,740 | -€304,966 | -9.9% |
| Plant, machinery and equipment | 23 | €4,217,508 | €7,102,296 | +€2.9m | +68.4% |
| Furniture and vehicles | 24 | €170,237 | €147,601 | -€22,636 | -13.3% |
| Other tangible fixed assets | 26 | €10,955 | €10,955 | = | 0.0% |
| Assets under construction and advance payments | 27 | €3,803,054 | €650,423 | -€3.2m | -82.9% |
| Financial fixed assets | 28 | €2,568,500 | €24,650 | -€2.5m | -99.0% |
| Affiliated companies | 280/1 | €2,568,000 | €18,000 | -€2.6m | -99.3% |
| Participating interests | 280 | €18,000 | €18,000 | = | 0.0% |
| Amounts receivable | 281 | €2,550,000 | - | -€2.6m | |
| Other financial fixed assets | 284/8 | €500 | €6,650 | +€6,150 | +1230.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €6,650 | +€6,150 | +1230.0% |
| Current assets | 29/58 | €15,781,882 | €13,920,033 | -€1.9m | -11.8% |
| Stocks and contracts in progress | 3 | €3,933,055 | €3,952,908 | +€19,854 | +0.5% |
| Stocks | 30/36 | €3,933,055 | €3,952,908 | +€19,854 | +0.5% |
| Raw materials and consumables | 30/31 | €2,487,846 | €2,501,500 | +€13,654 | +0.5% |
| Work in progress | 32 | €413,878 | €404,698 | -€9,180 | -2.2% |
| Finished goods | 33 | €849,870 | €842,409 | -€7,461 | -0.9% |
| Advance payments | 36 | €181,461 | €204,301 | +€22,840 | +12.6% |
| Amounts receivable within one year | 40/41 | €5,246,245 | €3,755,624 | -€1.5m | -28.4% |
| Trade receivables | 40 | €5,088,376 | €3,746,009 | -€1.3m | -26.4% |
| Other amounts receivable | 41 | €157,869 | €9,615 | -€148,254 | -93.9% |
| Current investments | 50/53 | €3,500,000 | €2,000,000 | -€1.5m | -42.9% |
| Other investments | 51/53 | €3,500,000 | €2,000,000 | -€1.5m | -42.9% |
| Cash at bank and in hand | 54/58 | €2,941,169 | €4,028,948 | +€1.1m | +37.0% |
| Deferred charges and accrued income | 490/1 | €161,414 | €182,553 | +€21,140 | +13.1% |
| Total equity and liabilities | 10/49 | €29,728,956 | €24,717,318 | -€5.0m | -16.9% |
| Equity | 10/15 | €22,573,975 | €22,289,097 | -€284,878 | -1.3% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Capital | 10 | €305,000 | €305,000 | = | 0.0% |
| Issued capital | 100 | €305,000 | €305,000 | = | 0.0% |
| Reserves | 13 | €22,261,341 | €21,979,742 | -€281,599 | -1.3% |
| Non-distributable reserves | 130/1 | €50,423 | €50,423 | = | 0.0% |
| Legal reserve | 130 | €30,500 | €30,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,923 | €19,923 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,101 | €182,552 | +€87,450 | +92.0% |
| Distributable reserves | 133 | €22,115,816 | €21,746,767 | -€369,049 | -1.7% |
| Investment grants | 15 | €7,634 | €4,355 | -€3,280 | -43.0% |
| Provisions and deferred taxes | 16 | €176,758 | €56,480 | -€120,278 | -68.0% |
| Provisions for liabilities and charges | 160/5 | €164,356 | €14,928 | -€149,428 | -90.9% |
| Pensions and similar obligations | 160 | €14,356 | €14,928 | +€572 | +4.0% |
| Other liabilities and charges | 164/5 | €150,000 | - | -€150,000 | |
| Deferred taxes | 168 | €12,402 | €41,552 | +€29,150 | +235.0% |
| Amounts payable | 17/49 | €6,978,222 | €2,371,741 | -€4.6m | -66.0% |
| Amounts payable after more than one year | 17 | €219,514 | - | -€219,514 | |
| Financial debts | 170/4 | €219,514 | - | -€219,514 | |
| Credit institutions | 173 | €219,514 | - | -€219,514 | |
| Amounts payable within one year | 42/48 | €6,757,858 | €2,369,602 | -€4.4m | -64.9% |
| Current portion of amounts payable after more than one year | 42 | €1,208,741 | - | -€1.2m | |
| Trade debts | 44 | €4,370,194 | €1,515,590 | -€2.9m | -65.3% |
| Suppliers | 440/4 | €4,370,194 | €1,515,590 | -€2.9m | -65.3% |
| Advances received on contracts in progress | 46 | €343,554 | €72,398 | -€271,156 | -78.9% |
| Taxes, remuneration and social security | 45 | €835,369 | €781,613 | -€53,756 | -6.4% |
| Taxes | 450/3 | €210,845 | €161,852 | -€48,993 | -23.2% |
| Remuneration and social security | 454/9 | €624,524 | €619,762 | -€4,762 | -0.8% |
| Accrued charges and deferred income | 492/3 | €851 | €2,139 | +€1,289 | +151.5% |
| Operating income | 70/76A | €34,284,593 | €36,708,536 | +€2.4m | +7.1% |
| Turnover | 70 | €32,729,495 | €34,979,451 | +€2.2m | +6.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €123,850 | -€16,641 | -€140,491 | |
| Other operating income | 74 | €1,424,538 | €1,431,338 | +€6,800 | +0.5% |
| Non-recurring operating income | 76A | €6,710 | €314,387 | +€307,677 | +4585.6% |
| Operating charges | 60/66A | €30,892,134 | €32,492,516 | +€1.6m | +5.2% |
| Goods for resale, raw materials and consumables | 60 | €17,211,078 | €17,797,512 | +€586,434 | +3.4% |
| Purchases | 600/8 | €17,463,674 | €17,831,384 | +€367,711 | +2.1% |
| Change in stocks: decrease (increase) | 609 | -€252,596 | -€33,872 | +€218,724 | +86.6% |
| Services and other goods | 61 | €4,469,569 | €4,661,321 | +€191,752 | +4.3% |
| Remuneration, social security and pensions | 62 | €7,540,371 | €7,837,919 | +€297,548 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,433,214 | €2,099,534 | +€666,320 | +46.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,473 | €21,415 | +€9,943 | +86.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €151,723 | €572 | -€151,151 | -99.6% |
| Other operating charges | 640/8 | €74,706 | €73,474 | -€1,232 | -1.6% |
| Non-recurring operating charges | 66A | - | €768 | +€768 | |
| Operating profit (loss) | 9901 | €3,392,459 | €4,216,020 | +€823,561 | +24.3% |
| Financial income | 75/76B | €879,577 | €281,970 | -€597,607 | -67.9% |
| Recurring financial income | 75 | €879,577 | €281,970 | -€597,607 | -67.9% |
| Income from financial fixed assets | 750 | €550,627 | €34,004 | -€516,623 | -93.8% |
| Income from current assets | 751 | €120,927 | €43,540 | -€77,388 | -64.0% |
| Other financial income | 752/9 | €208,023 | €204,427 | -€3,596 | -1.7% |
| Financial charges | 65/66B | €261,942 | €259,162 | -€2,779 | -1.1% |
| Recurring financial charges | 65 | €261,942 | €259,162 | -€2,779 | -1.1% |
| Debt charges | 650 | €42,888 | €45,483 | +€2,595 | +6.1% |
| Other financial charges | 652/9 | €219,054 | €213,679 | -€5,374 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €4,010,095 | €4,238,828 | +€228,733 | +5.7% |
| Transfer from deferred taxes | 780 | €5,074 | €10,025 | +€4,951 | +97.6% |
| Transfer to deferred taxes | 680 | - | €39,175 | +€39,175 | |
| Income taxes | 67/77 | €978,056 | €991,277 | +€13,221 | +1.4% |
| Taxes | 670/3 | €992,581 | €1,022,723 | +€30,142 | +3.0% |
| Tax adjustments and reversals of tax provisions | 77 | €14,524 | €31,446 | +€16,922 | +116.5% |
| Profit (loss) for the period | 9904 | €3,037,112 | €3,218,401 | +€181,289 | +6.0% |
| Transfer from tax-exempt reserves | 789 | €15,221 | €30,074 | +€14,853 | +97.6% |
| Transfer to tax-exempt reserves | 689 | - | €117,525 | +€117,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,052,333 | €3,130,951 | +€78,618 | +2.6% |
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 4 October 2026 via checked.be.