VITRIN: 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.
VITRIN
Largest movements
- Cash -€25,231
down €25,231 (-88.1%), from €28,650 to €3,419
mainly Net result for the year (-€19,874) and Investment in fixed assets (net) (-€15,427)
- Tangible fixed assets +€11,213
up €11,213 (+226%), from €4,964 to €16,177
of which Furniture and vehicles: +€10,948
- Stocks and contracts +€9,000
up €9,000 (+36.0%), from €25,000 to €34,000
- Receivables within one year -€3,345
down €3,345 (-76.3%), from €4,385 to €1,040
- Intangible fixed assets -€2,480
down €2,480 (-10.8%), from €22,896 to €20,416
- Reserves -€18,883
no longer reported in 2025 (was €18,883)
- Current portion of long-term debt +€10,876
up €10,876 (+116%), from €9,377 to €20,253
- Debts after one year -€9,853
down €9,853 (-22.5%), from €43,888 to €34,035
- Trade debts +€7,974
new in 2025: €7,974
- Profit (loss) carried forward -€991
new in 2025: -€991
- Gross operating margin -€42,213
down €42,213, from €30,860 to -€11,354
- Taxes -€4,772
down €4,772 (-97.8%), from €4,879 to €107
- Depreciation +€3,734
up €3,734 (+126%), from €2,960 to €6,694
- Financial charges -€1,082
down €1,082 (-30.2%), from €3,588 to €2,506
- Other operating charges -€824
down €824 (-81.6%), from €1,010 to €186
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 | €85,896 | €75,052 | -€10,844 | -12.6% |
| Fixed assets | 21/28 | €27,860 | €36,593 | +€8,733 | +31.3% |
| Intangible fixed assets | 21 | €22,896 | €20,416 | -€2,480 | -10.8% |
| Tangible fixed assets | 22/27 | €4,964 | €16,177 | +€11,213 | +226% |
| Plant, machinery and equipment | 23 | €3,132 | €3,397 | +€265 | +8.5% |
| Furniture and vehicles | 24 | €1,832 | €12,781 | +€10,948 | +597% |
| Current assets | 29/58 | €58,036 | €38,459 | -€19,577 | -33.7% |
| Stocks and contracts in progress | 3 | €25,000 | €34,000 | +€9,000 | +36.0% |
| Stocks | 30/36 | €25,000 | €34,000 | +€9,000 | +36.0% |
| Amounts receivable within one year | 40/41 | €4,385 | €1,040 | -€3,345 | -76.3% |
| Trade receivables | 40 | €4,385 | €1,040 | -€3,345 | -76.3% |
| Cash at bank and in hand | 54/58 | €28,650 | €3,419 | -€25,231 | -88.1% |
| Total equity and liabilities | 10/49 | €85,896 | €75,052 | -€10,844 | -12.6% |
| Equity | 10/15 | €21,883 | €2,009 | -€19,874 | -90.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €18,883 | - | -€18,883 | |
| Distributable reserves | 133 | €18,883 | - | -€18,883 | |
| Profit (loss) carried forward | 14 | - | -€991 | -€991 | |
| Amounts payable | 17/49 | €64,013 | €73,043 | +€9,030 | +14.1% |
| Amounts payable after more than one year | 17 | €43,888 | €34,035 | -€9,853 | -22.5% |
| Financial debts | 170/4 | €43,888 | €34,035 | -€9,853 | -22.5% |
| Amounts payable within one year | 42/48 | €20,126 | €39,009 | +€18,883 | +93.8% |
| Current portion of amounts payable after more than one year | 42 | €9,377 | €20,253 | +€10,876 | +116% |
| Trade debts | 44 | - | €7,974 | +€7,974 | |
| Suppliers | 440/4 | - | €7,974 | +€7,974 | |
| Advances received on contracts in progress | 46 | €548 | €740 | +€192 | +35.0% |
| Taxes, remuneration and social security | 45 | €10,117 | €9,908 | -€209 | -2.1% |
| Taxes | 450/3 | €10,117 | €9,908 | -€209 | -2.1% |
| Other amounts payable | 47/48 | €83 | €134 | +€51 | +61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,960 | €6,694 | +€3,734 | +126% |
| Other operating charges | 640/8 | €1,010 | €186 | -€824 | -81.6% |
| Gross operating margin | 9900 | €30,860 | -€11,354 | -€42,213 | |
| Operating profit (loss) | 9901 | €26,890 | -€18,233 | -€45,123 | |
| Financial income | 75/76B | €460 | €973 | +€513 | +111% |
| Recurring financial income | 75 | €460 | €973 | +€513 | +111% |
| Financial charges | 65/66B | €3,588 | €2,506 | -€1,082 | -30.2% |
| Recurring financial charges | 65 | €3,588 | €2,506 | -€1,082 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €23,762 | -€19,766 | -€43,528 | |
| Income taxes | 67/77 | €4,879 | €107 | -€4,772 | -97.8% |
| Profit (loss) for the period | 9904 | €18,883 | -€19,874 | -€38,756 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,883 | -€19,874 | -€38,756 |
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 14 October 2026 via checked.be.