VITRIEL: 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.
VITRIEL
Largest movements
- Cash +€17,530
up €17,530 (+21.6%), from €81,302 to €98,832
mainly Net result for the year (+€17,700) and Receivables within one year (+€7,912)
- Receivables within one year -€7,912
down €7,912 (-26.6%), from €29,716 to €21,803
of which Trade receivables: -€13,310
- Receivables after one year +€1,550
up €1,550 (+5.9%), from €26,294 to €27,844
- Reserves +€17,700
up €17,700 (+17.0%), from €104,048 to €121,748
of which Distributable reserves: +€17,700
- Tax, wage and social debts -€12,124
down €12,124 (-74.1%), from €16,364 to €4,240
of which Taxes: -€7,920
- Other debts +€3,964
up €3,964 (+1,404%), from €282 to €4,246
- Taxes +€14,652
up €14,652, from -€9,925 to €4,727
- Gross operating margin -€3,187
down €3,187 (-12.5%), from €25,528 to €22,340
- Depreciation -€340
down €340 (-25.5%), from €1,334 to €995
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 | €139,992 | €150,163 | +€10,171 | +7.3% |
| Fixed assets | 21/28 | €2,102 | €1,107 | -€995 | -47.3% |
| Tangible fixed assets | 22/27 | €2,102 | €1,107 | -€995 | -47.3% |
| Plant, machinery and equipment | 23 | €404 | €49 | -€355 | -87.9% |
| Furniture and vehicles | 24 | €1,698 | €1,059 | -€640 | -37.7% |
| Current assets | 29/58 | €137,890 | €149,055 | +€11,166 | +8.1% |
| Amounts receivable after more than one year | 29 | €26,294 | €27,844 | +€1,550 | +5.9% |
| Other amounts receivable | 291 | €26,294 | €27,844 | +€1,550 | +5.9% |
| Amounts receivable within one year | 40/41 | €29,716 | €21,803 | -€7,912 | -26.6% |
| Trade receivables | 40 | €29,591 | €16,281 | -€13,310 | -45.0% |
| Other amounts receivable | 41 | €125 | €5,523 | +€5,398 | +4,317% |
| Cash at bank and in hand | 54/58 | €81,302 | €98,832 | +€17,530 | +21.6% |
| Deferred charges and accrued income | 490/1 | €578 | €576 | -€2 | -0.4% |
| Total equity and liabilities | 10/49 | €139,992 | €150,163 | +€10,171 | +7.3% |
| Equity | 10/15 | €122,598 | €140,298 | +€17,700 | +14.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €104,048 | €121,748 | +€17,700 | +17.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €102,193 | €119,893 | +€17,700 | +17.3% |
| Amounts payable | 17/49 | €17,394 | €9,865 | -€7,529 | -43.3% |
| Amounts payable within one year | 42/48 | €17,394 | €9,865 | -€7,529 | -43.3% |
| Trade debts | 44 | €747 | €1,379 | +€632 | +84.6% |
| Suppliers | 440/4 | €747 | €1,379 | +€632 | +84.6% |
| Taxes, remuneration and social security | 45 | €16,364 | €4,240 | -€12,124 | -74.1% |
| Taxes | 450/3 | €12,160 | €4,240 | -€7,920 | -65.1% |
| Remuneration and social security | 454/9 | €4,204 | - | -€4,204 | |
| Other amounts payable | 47/48 | €282 | €4,246 | +€3,964 | +1,404% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,334 | €995 | -€340 | -25.5% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €25,528 | €22,340 | -€3,187 | -12.5% |
| Operating profit (loss) | 9901 | €23,809 | €20,959 | -€2,851 | -12.0% |
| Financial income | 75/76B | €1,698 | €1,550 | -€148 | -8.7% |
| Recurring financial income | 75 | €1,698 | €1,550 | -€148 | -8.7% |
| Financial charges | 65/66B | €70 | €82 | +€12 | +16.7% |
| Recurring financial charges | 65 | €70 | €82 | +€12 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €25,437 | €22,427 | -€3,010 | -11.8% |
| Income taxes | 67/77 | -€9,925 | €4,727 | +€14,652 | |
| Profit (loss) for the period | 9904 | €35,362 | €17,700 | -€17,663 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,362 | €17,700 | -€17,663 | -49.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.