VITRAAG: 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
VITRAAG
NACE 46.861, Wholesale of diamonds and other precious stones
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€36,659
2023 · €98,549-€61,890
Equity
€52.9m
2023 · €52.9m+€36,658
Cash
€377,724
2023 · €1.2m-€836,931
Balance sheet total
€66.8m
2023 · €67.8m-€917,454
Largest movements
Assets
- Receivables within one year -€2.6m
down €2.6m (-13.7%), from €19.0m to €16.4m
of which Trade receivables: -€2.6m
- Stocks and contracts +€2.6m
up €2.6m (+5.6%), from €45.5m to €48.1m
- Cash -€836,931
down €836,931 (-68.9%), from €1.2m to €377,724
mainly Stocks and contracts (-€2.6m) and Trade debts (-€738,293)
Equity and liabilities
- Trade debts -€738,293
down €738,293 (-5.1%), from €14.4m to €13.6m
Income statement
- Goods and materials -€18.4m
down €18.4m (-37.3%), from €49.4m to €31.0m
- Turnover -€18.0m
down €18.0m (-36.3%), from €49.7m to €31.7m
From the 2023 result to the 2024 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 2023
€98,549
Turnover
-€18.0m
Other operating income
-€424,764
Goods and materials
+€18.4m
Services and other goods
+€10,833
Staff costs
-€2,983
Depreciation
+€240
Other operating charges
-€172,586
Other operating items
+€7,273
Financial income
-€25,865
Financial charges
+€83,785
Taxes
+€77,057
Result 2024
€36,659
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€832,145
Investment
-€1,426
Financing
-€3,360
Cash 2023
€1.2m
From operations (derived)
-€832,145
Net result for the year
+€36,659
Depreciation
+€22,358
Stocks and contracts
-€2.6m
Receivables within one year
+€2.6m
Deferred charges and accrued income
+€14,994
Trade debts
-€738,293
Tax, wage and social debts
-€203,914
Other debts
-€1,636
Accrued charges and deferred income
-€6,910
Investment (derived)
-€1,426
Investment in fixed assets (net)
-€1,426
Financing
-€3,360
Short-term financial debts
-€3,359
Contributions, distributions and other
-€1
Cash 2024
€377,724
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,754,892 | €66,837,438 | -€917,454 | -1.4% |
| Fixed assets | 21/28 | €1,870,616 | €1,849,684 | -€20,932 | -1.1% |
| Tangible fixed assets | 22/27 | €269,130 | €248,198 | -€20,932 | -7.8% |
| Land and buildings | 22 | €258,668 | €239,672 | -€18,996 | -7.3% |
| Plant, machinery and equipment | 23 | €10,462 | €7,120 | -€3,342 | -31.9% |
| Furniture and vehicles | 24 | - | €1,406 | +€1,406 | |
| Financial fixed assets | 28 | €1,601,486 | €1,601,486 | = | 0.0% |
| Affiliated companies | 280/1 | €1,599,665 | €1,599,665 | = | 0.0% |
| Participating interests | 280 | €1,599,665 | €1,599,665 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,821 | €1,821 | = | 0.0% |
| Shares | 284 | €1,821 | €1,821 | = | 0.0% |
| Current assets | 29/58 | €65,884,276 | €64,987,754 | -€896,522 | -1.4% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €45,512,288 | €48,070,880 | +€2.6m | +5.6% |
| Stocks | 30/36 | €45,512,288 | €48,070,880 | +€2.6m | +5.6% |
| Goods purchased for resale | 34 | €38,965,180 | €38,145,648 | -€819,532 | -2.1% |
| Advance payments | 36 | €6,547,108 | €9,925,232 | +€3.4m | +51.6% |
| Amounts receivable within one year | 40/41 | €19,006,985 | €16,403,796 | -€2.6m | -13.7% |
| Trade receivables | 40 | €18,550,515 | €15,951,842 | -€2.6m | -14.0% |
| Other amounts receivable | 41 | €456,470 | €451,954 | -€4,516 | -1.0% |
| Cash at bank and in hand | 54/58 | €1,214,655 | €377,724 | -€836,931 | -68.9% |
| Deferred charges and accrued income | 490/1 | €50,348 | €35,354 | -€14,994 | -29.8% |
| Total equity and liabilities | 10/49 | €67,754,892 | €66,837,438 | -€917,454 | -1.4% |
| Equity | 10/15 | €52,881,859 | €52,918,517 | +€36,658 | +0.1% |
| Contributions | 10/11 | €28,354,345 | €28,354,345 | = | 0.0% |
| Reserves | 13 | €24,527,514 | €24,564,172 | +€36,658 | +0.1% |
| Non-distributable reserves | 130/1 | €474,665 | €474,665 | = | 0.0% |
| Reserves not available under the articles | 1311 | €474,665 | €474,665 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,765 | €22,764 | -€1 | 0.0% |
| Distributable reserves | 133 | €24,030,084 | €24,066,743 | +€36,659 | +0.2% |
| Amounts payable | 17/49 | €14,873,033 | €13,918,921 | -€954,112 | -6.4% |
| Amounts payable after more than one year | 17 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 178/9 | €1,700 | €1,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,862,039 | €13,914,837 | -€947,202 | -6.4% |
| Financial debts | 43 | €127,803 | €124,444 | -€3,359 | -2.6% |
| Credit institutions | 430/8 | €833 | €771 | -€62 | -7.4% |
| Other loans | 439 | €126,970 | €123,673 | -€3,297 | -2.6% |
| Trade debts | 44 | €14,382,374 | €13,644,081 | -€738,293 | -5.1% |
| Suppliers | 440/4 | €14,382,374 | €13,644,081 | -€738,293 | -5.1% |
| Taxes, remuneration and social security | 45 | €270,629 | €66,715 | -€203,914 | -75.3% |
| Taxes | 450/3 | €224,126 | €26,743 | -€197,383 | -88.1% |
| Remuneration and social security | 454/9 | €46,503 | €39,972 | -€6,531 | -14.0% |
| Other amounts payable | 47/48 | €81,233 | €79,597 | -€1,636 | -2.0% |
| Accrued charges and deferred income | 492/3 | €9,294 | €2,384 | -€6,910 | -74.3% |
| Operating income | 70/76A | €50,148,364 | €31,695,828 | -€18.5m | -36.8% |
| Turnover | 70 | €49,713,627 | €31,678,582 | -€18.0m | -36.3% |
| Other operating income | 74 | €434,737 | €9,973 | -€424,764 | -97.7% |
| Non-recurring operating income | 76A | - | €7,273 | +€7,273 | |
| Operating charges | 60/66A | €49,809,953 | €31,554,284 | -€18.3m | -36.7% |
| Goods for resale, raw materials and consumables | 60 | €49,371,561 | €30,951,396 | -€18.4m | -37.3% |
| Change in stocks: decrease (increase) | 609 | €4,398,501 | €819,532 | -€3.6m | -81.4% |
| Services and other goods | 61 | €307,056 | €296,223 | -€10,833 | -3.5% |
| Remuneration, social security and pensions | 62 | €92,372 | €95,355 | +€2,983 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,598 | €22,358 | -€240 | -1.1% |
| Other operating charges | 640/8 | €16,366 | €188,952 | +€172,586 | +1054.5% |
| Operating profit (loss) | 9901 | €338,411 | €141,544 | -€196,867 | -58.2% |
| Recurring financial income | 75 | €61,440 | €35,575 | -€25,865 | -42.1% |
| Other financial income | 752/9 | €61,440 | €35,575 | -€25,865 | -42.1% |
| Financial charges | 65/66B | €197,501 | €113,716 | -€83,785 | -42.4% |
| Recurring financial charges | 65 | €197,501 | €113,716 | -€83,785 | -42.4% |
| Debt charges | 650 | €40 | €3,133 | +€3,093 | +7732.5% |
| Other financial charges | 652/9 | €197,461 | €110,583 | -€86,878 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €202,350 | €63,403 | -€138,947 | -68.7% |
| Income taxes | 67/77 | €103,801 | €26,744 | -€77,057 | -74.2% |
| Taxes | 670/3 | €103,801 | €26,744 | -€77,057 | -74.2% |
| Profit (loss) for the period | 9904 | €98,549 | €36,659 | -€61,890 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,549 | €36,659 | -€61,890 | -62.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.