VITRO-BEL: what changed
Two fiscal 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.
VITRO-BEL
Largest movements
- Receivables within one year +€124,969
up €124,969 (+39.5%), from €316,189 to €441,158
of which Other amounts receivable: +€117,057
- Cash -€116,964
down €116,964 (-82.6%), from €141,590 to €24,626
mainly Receivables within one year (-€124,969) and Debts after one year (-€37,258)
- Tangible fixed assets -€78,967
down €78,967 (-79.1%), from €99,829 to €20,862
of which Leasing and similar rights: -€81,052
- Debts after one year -€37,258
down €37,258 (-34.8%), from €107,175 to €69,917
- Other debts -€30,000
no longer reported in 2024 (was €30,000)
- Current portion of long-term debt -€28,050
down €28,050 (-42.8%), from €65,600 to €37,550
- Profit (loss) carried forward +€22,384
up €22,384 (+6.7%), from €331,630 to €354,014
- Gross operating margin -€31,087
down €31,087 (-12.6%), from €246,851 to €215,764
- Staff costs +€26,461
up €26,461 (+37.4%), from €70,699 to €97,160
- Financial charges +€9,454
up €9,454 (+7562.9%), from €125 to €9,579
- Other operating charges -€8,185
down €8,185 (-65.7%), from €12,461 to €4,276
- Depreciation +€3,685
up €3,685 (+4.7%), from €78,682 to €82,367
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €557,707 | €486,744 | -€70,963 | -12.7% |
| Fixed assets | 21/28 | €99,928 | €20,961 | -€78,967 | -79.0% |
| Tangible fixed assets | 22/27 | €99,829 | €20,862 | -€78,967 | -79.1% |
| Plant, machinery and equipment | 23 | €5,263 | €3,947 | -€1,316 | -25.0% |
| Furniture and vehicles | 24 | - | €3,400 | +€3,400 | |
| Leasing and similar rights | 25 | €94,566 | €13,515 | -€81,052 | -85.7% |
| Financial fixed assets | 28 | €99 | €99 | +€0 | +0.2% |
| Current assets | 29/58 | €457,779 | €465,784 | +€8,005 | +1.7% |
| Amounts receivable within one year | 40/41 | €316,189 | €441,158 | +€124,969 | +39.5% |
| Trade receivables | 40 | €262,755 | €270,667 | +€7,912 | +3.0% |
| Other amounts receivable | 41 | €53,434 | €170,491 | +€117,057 | +219.1% |
| Cash at bank and in hand | 54/58 | €141,590 | €24,626 | -€116,964 | -82.6% |
| Total equity and liabilities | 10/49 | €557,707 | €486,744 | -€70,963 | -12.7% |
| Equity | 10/15 | €352,090 | €374,474 | +€22,384 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,630 | €354,014 | +€22,384 | +6.7% |
| Amounts payable | 17/49 | €205,617 | €112,270 | -€93,347 | -45.4% |
| Amounts payable after more than one year | 17 | €107,175 | €69,917 | -€37,258 | -34.8% |
| Financial debts | 170/4 | €107,175 | €69,917 | -€37,258 | -34.8% |
| Amounts payable within one year | 42/48 | €98,442 | €42,353 | -€56,089 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €65,600 | €37,550 | -€28,050 | -42.8% |
| Trade debts | 44 | €2,842 | €4,803 | +€1,961 | +69.0% |
| Suppliers | 440/4 | €2,842 | €4,803 | +€1,961 | +69.0% |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Remuneration, social security and pensions | 62 | €70,699 | €97,160 | +€26,461 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,682 | €82,367 | +€3,685 | +4.7% |
| Other operating charges | 640/8 | €12,461 | €4,276 | -€8,185 | -65.7% |
| Gross operating margin | 9900 | €246,851 | €215,764 | -€31,087 | -12.6% |
| Operating profit (loss) | 9901 | €85,009 | €31,962 | -€53,047 | -62.4% |
| Financial charges | 65/66B | €125 | €9,579 | +€9,454 | +7562.9% |
| Recurring financial charges | 65 | €125 | €9,579 | +€9,454 | +7562.9% |
| Profit (loss) for the period before taxes | 9903 | €84,884 | €22,383 | -€62,501 | -73.6% |
| Income taxes | 67/77 | €250 | - | -€250 | |
| Profit (loss) for the period | 9904 | €84,634 | €22,383 | -€62,251 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,634 | €22,383 | -€62,251 | -73.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.