Vitrea: 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.
Vitrea
Largest movements
- Cash +€56,320
up €56,320 (+36.2%), from €155,679 to €211,999
mainly Net result for the year (+€105,073) and Tax, wage and social debts (+€28,292)
- Receivables within one year -€21,491
down €21,491 (-37.2%), from €57,724 to €36,233
of which Trade receivables: -€17,356
- Other debts -€107,200
no longer reported in 2025 (was €107,200)
- Profit (loss) carried forward +€105,073
up €105,073, from -€6,259 to €98,814
- Tax, wage and social debts +€28,292
up €28,292 (+192%), from €14,738 to €43,030
of which Taxes: +€24,946
- Trade debts +€8,963
up €8,963 (+28.5%), from €31,458 to €40,421
- Gross operating margin +€40,189
up €40,189 (+27.7%), from €145,340 to €185,528
- Taxes +€31,100
up €31,100 (+507%), from €6,131 to €37,230
- Staff costs +€2,106
up €2,106 (+5.5%), from €38,211 to €40,317
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 | €216,686 | €250,652 | +€33,966 | +15.7% |
| Fixed assets | 21/28 | €1,855 | €925 | -€931 | -50.2% |
| Intangible fixed assets | 21 | €174 | - | -€174 | |
| Tangible fixed assets | 22/27 | €1,432 | €675 | -€757 | -52.9% |
| Furniture and vehicles | 24 | €1,432 | €675 | -€757 | -52.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €214,831 | €249,727 | +€34,896 | +16.2% |
| Amounts receivable within one year | 40/41 | €57,724 | €36,233 | -€21,491 | -37.2% |
| Trade receivables | 40 | €43,669 | €26,313 | -€17,356 | -39.7% |
| Other amounts receivable | 41 | €14,054 | €9,920 | -€4,135 | -29.4% |
| Cash at bank and in hand | 54/58 | €155,679 | €211,999 | +€56,320 | +36.2% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,496 | +€67 | +4.7% |
| Total equity and liabilities | 10/49 | €216,686 | €250,652 | +€33,966 | +15.7% |
| Equity | 10/15 | €61,941 | €167,014 | +€105,073 | +170% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,259 | €98,814 | +€105,073 | |
| Amounts payable | 17/49 | €154,745 | €83,638 | -€71,108 | -46.0% |
| Amounts payable within one year | 42/48 | €154,559 | €83,452 | -€71,108 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €1,163 | - | -€1,163 | |
| Trade debts | 44 | €31,458 | €40,421 | +€8,963 | +28.5% |
| Suppliers | 440/4 | €31,458 | €40,421 | +€8,963 | +28.5% |
| Taxes, remuneration and social security | 45 | €14,738 | €43,030 | +€28,292 | +192% |
| Taxes | 450/3 | €6,330 | €31,276 | +€24,946 | +394% |
| Remuneration and social security | 454/9 | €8,408 | €11,754 | +€3,346 | +39.8% |
| Other amounts payable | 47/48 | €107,200 | - | -€107,200 | |
| Accrued charges and deferred income | 492/3 | €186 | €186 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €38,211 | €40,317 | +€2,106 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,821 | €931 | -€890 | -48.9% |
| Other operating charges | 640/8 | €282 | €462 | +€180 | +63.9% |
| Non-recurring operating charges | 66A | €3,003 | - | -€3,003 | |
| Gross operating margin | 9900 | €145,340 | €185,528 | +€40,189 | +27.7% |
| Operating profit (loss) | 9901 | €102,022 | €143,819 | +€41,797 | +41.0% |
| Financial charges | 65/66B | €1,549 | €1,515 | -€34 | -2.2% |
| Recurring financial charges | 65 | €1,549 | €1,515 | -€34 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €100,473 | €142,303 | +€41,831 | +41.6% |
| Income taxes | 67/77 | €6,131 | €37,230 | +€31,100 | +507% |
| Profit (loss) for the period | 9904 | €94,342 | €105,073 | +€10,731 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,342 | €105,073 | +€10,731 | +11.4% |
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 18 October 2026 via checked.be.