VITRACO: 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.
VITRACO
Largest movements
- Cash +€71,359
up €71,359 (+3266.3%), from €2,185 to €73,544
mainly Advances received (+€100,000) and Other debts (+€78,130)
- Tangible fixed assets -€16,075
down €16,075 (-17.0%), from €94,660 to €78,585
of which Land and buildings: -€30,424
- Receivables within one year +€15,424
up €15,424 (+2.5%), from €612,192 to €627,616
of which Trade receivables: +€9,563
- Advances received +€100,000
new in 2025: €100,000
- Other debts +€78,130
up €78,130 (+16.4%), from €477,811 to €555,941
- Trade debts -€55,461
down €55,461 (-100.0%), from €55,461 to €0
- Debts after one year -€42,773
down €42,773 (-81.8%), from €52,259 to €9,486
- Profit (loss) carried forward -€24,417
down €24,417, from €22,425 to -€1,992
- Write-downs -€64,912
down €64,912 (-100.0%), from €64,912 to €0
- Gross operating margin -€58,485
down €58,485 (-57.0%), from €102,586 to €44,100
- Financial charges +€20,095
up €20,095 (+491.2%), from €4,091 to €24,186
- Taxes +€14,253
up €14,253 (+116.2%), from €12,269 to €26,522
- Other operating charges -€8,505
down €8,505 (-83.1%), from €10,239 to €1,734
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 | €1,428,234 | €1,492,676 | +€64,442 | +4.5% |
| Fixed assets | 21/28 | €786,180 | €770,105 | -€16,075 | -2.0% |
| Tangible fixed assets | 22/27 | €94,660 | €78,585 | -€16,075 | -17.0% |
| Land and buildings | 22 | €70,045 | €39,621 | -€30,424 | -43.4% |
| Furniture and vehicles | 24 | €2,166 | €0 | -€2,166 | -100.0% |
| Other tangible fixed assets | 26 | €22,449 | €38,965 | +€16,515 | +73.6% |
| Financial fixed assets | 28 | €691,520 | €691,520 | = | 0.0% |
| Current assets | 29/58 | €642,054 | €722,571 | +€80,517 | +12.5% |
| Amounts receivable within one year | 40/41 | €612,192 | €627,616 | +€15,424 | +2.5% |
| Trade receivables | 40 | €90,437 | €100,000 | +€9,563 | +10.6% |
| Other amounts receivable | 41 | €521,756 | €527,616 | +€5,860 | +1.1% |
| Cash at bank and in hand | 54/58 | €2,185 | €73,544 | +€71,359 | +3266.3% |
| Deferred charges and accrued income | 490/1 | €27,677 | €21,411 | -€6,267 | -22.6% |
| Total equity and liabilities | 10/49 | €1,428,234 | €1,492,676 | +€64,442 | +4.5% |
| Equity | 10/15 | €792,425 | €768,008 | -€24,417 | -3.1% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,425 | -€1,992 | -€24,417 | |
| Amounts payable | 17/49 | €635,809 | €724,668 | +€88,859 | +14.0% |
| Amounts payable after more than one year | 17 | €52,259 | €9,486 | -€42,773 | -81.8% |
| Financial debts | 170/4 | €52,259 | €9,486 | -€42,773 | -81.8% |
| Amounts payable within one year | 42/48 | €583,550 | €715,182 | +€131,632 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €40,296 | €42,773 | +€2,477 | +6.1% |
| Trade debts | 44 | €55,461 | €0 | -€55,461 | -100.0% |
| Suppliers | 440/4 | €55,461 | €0 | -€55,461 | -100.0% |
| Advances received on contracts in progress | 46 | - | €100,000 | +€100,000 | |
| Taxes, remuneration and social security | 45 | €9,983 | €16,468 | +€6,485 | +65.0% |
| Taxes | 450/3 | €9,983 | €16,468 | +€6,485 | +65.0% |
| Other amounts payable | 47/48 | €477,811 | €555,941 | +€78,130 | +16.4% |
| Non-recurring operating income | 76A | €21,371 | €0 | -€21,371 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,669 | €16,075 | +€3,406 | +26.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €64,912 | €0 | -€64,912 | -100.0% |
| Other operating charges | 640/8 | €10,239 | €1,734 | -€8,505 | -83.1% |
| Gross operating margin | 9900 | €102,586 | €44,100 | -€58,485 | -57.0% |
| Operating profit (loss) | 9901 | €14,766 | €26,292 | +€11,525 | +78.1% |
| Financial income | 75/76B | €1,721 | €0 | -€1,721 | -100.0% |
| Recurring financial income | 75 | €1,721 | €0 | -€1,721 | -100.0% |
| Financial charges | 65/66B | €4,091 | €24,186 | +€20,095 | +491.2% |
| Recurring financial charges | 65 | €4,091 | €24,186 | +€20,095 | +491.2% |
| Profit (loss) for the period before taxes | 9903 | €12,396 | €2,105 | -€10,291 | -83.0% |
| Income taxes | 67/77 | €12,269 | €26,522 | +€14,253 | +116.2% |
| Profit (loss) for the period | 9904 | €127 | -€24,417 | -€24,544 | |
| Profit (loss) for the period to be appropriated | 9905 | €127 | -€24,417 | -€24,544 |
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 12 October 2026 via checked.be.