VITRIVALI: 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.
VITRIVALI
Largest movements
- Cash +€62,749
up €62,749 (+183.0%), from €34,294 to €97,043
mainly Net result for the year (+€51,954) and Trade debts (+€8,124)
- Receivables within one year +€2,764
up €2,764 (+28.1%), from €9,830 to €12,594
of which Other amounts receivable: +€3,001
- Reserves +€51,954
up €51,954 (+171.3%), from €30,337 to €82,291
- Trade debts +€8,124
new in 2025: €8,124
- Tax, wage and social debts +€5,864
up €5,864 (+43.2%), from €13,567 to €19,431
- Gross operating margin +€29,600
up €29,600 (+77.3%), from €38,304 to €67,904
- Taxes +€6,533
up €6,533 (+83.2%), from €7,851 to €14,384
- Other operating charges +€1,213
up €1,213 (+1837.9%), from €66 to €1,279
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 | €46,404 | €112,346 | +€65,942 | +142.1% |
| Fixed assets | 21/28 | €2,280 | €1,818 | -€462 | -20.3% |
| Tangible fixed assets | 22/27 | €2,280 | €1,818 | -€462 | -20.3% |
| Other tangible fixed assets | 26 | €2,280 | €1,818 | -€462 | -20.3% |
| Current assets | 29/58 | €44,124 | €110,528 | +€66,404 | +150.5% |
| Amounts receivable within one year | 40/41 | €9,830 | €12,594 | +€2,764 | +28.1% |
| Trade receivables | 40 | €9,723 | €9,486 | -€237 | -2.4% |
| Other amounts receivable | 41 | €107 | €3,108 | +€3,001 | +2804.7% |
| Cash at bank and in hand | 54/58 | €34,294 | €97,043 | +€62,749 | +183.0% |
| Deferred charges and accrued income | 490/1 | - | €891 | +€891 | |
| Total equity and liabilities | 10/49 | €46,404 | €112,346 | +€65,942 | +142.1% |
| Equity | 10/15 | €32,837 | €84,791 | +€51,954 | +158.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,337 | €82,291 | +€51,954 | +171.3% |
| Distributable reserves | 133 | €30,337 | €82,291 | +€51,954 | +171.3% |
| Amounts payable | 17/49 | €13,567 | €27,555 | +€13,988 | +103.1% |
| Amounts payable within one year | 42/48 | €13,567 | €27,555 | +€13,988 | +103.1% |
| Trade debts | 44 | - | €8,124 | +€8,124 | |
| Suppliers | 440/4 | - | €8,124 | +€8,124 | |
| Taxes, remuneration and social security | 45 | €13,567 | €19,431 | +€5,864 | +43.2% |
| Taxes | 450/3 | €13,567 | €19,431 | +€5,864 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32 | €462 | +€430 | +1343.8% |
| Other operating charges | 640/8 | €66 | €1,279 | +€1,213 | +1837.9% |
| Gross operating margin | 9900 | €38,304 | €67,904 | +€29,600 | +77.3% |
| Operating profit (loss) | 9901 | €38,206 | €66,163 | +€27,957 | +73.2% |
| Financial income | 75/76B | - | €229 | +€229 | |
| Recurring financial income | 75 | - | €229 | +€229 | |
| Financial charges | 65/66B | €18 | €54 | +€36 | +200.0% |
| Recurring financial charges | 65 | €18 | €54 | +€36 | +200.0% |
| Profit (loss) for the period before taxes | 9903 | €38,188 | €66,338 | +€28,150 | +73.7% |
| Income taxes | 67/77 | €7,851 | €14,384 | +€6,533 | +83.2% |
| Profit (loss) for the period | 9904 | €30,337 | €51,954 | +€21,617 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,337 | €51,954 | +€21,617 | +71.3% |
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 11 October 2026 via checked.be.