Vitro Construct: 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 Construct
Largest movements
- Tangible fixed assets -€28,282
down €28,282 (-25.8%), from €109,503 to €81,221
of which Plant, machinery and equipment: -€23,178
- Cash -€4,019
down €4,019 (-60.0%), from €6,701 to €2,682
mainly Trade debts (-€81,374) and Debts after one year (-€15,827)
- Intangible fixed assets -€2,344
down €2,344 (-15.1%), from €15,522 to €13,178
- Trade debts -€81,374
down €81,374 (-99.7%), from €81,612 to €238
- Profit (loss) carried forward +€70,051
up €70,051 (+67.4%), from -€103,929 to -€33,879
- Debts after one year -€15,827
down €15,827 (-13.8%), from €114,928 to €99,101
- Accrued charges and deferred income -€9,600
down €9,600 (-86.6%), from €11,089 to €1,489
- Tax, wage and social debts +€3,148
up €3,148 (+45.3%), from €6,953 to €10,101
of which Taxes: +€2,163
- Gross operating margin +€107,637
up €107,637 (+136.0%), from €79,160 to €186,797
- Staff costs -€56,555
down €56,555 (-41.6%), from €136,105 to €79,550
- Financial charges -€3,294
down €3,294 (-39.1%), from €8,435 to €5,141
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 | €173,301 | €140,462 | -€32,840 | -18.9% |
| Fixed assets | 21/28 | €129,825 | €99,199 | -€30,626 | -23.6% |
| Intangible fixed assets | 21 | €15,522 | €13,178 | -€2,344 | -15.1% |
| Tangible fixed assets | 22/27 | €109,503 | €81,221 | -€28,282 | -25.8% |
| Plant, machinery and equipment | 23 | €91,018 | €67,839 | -€23,178 | -25.5% |
| Furniture and vehicles | 24 | €18,485 | €13,382 | -€5,103 | -27.6% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €43,476 | €41,263 | -€2,213 | -5.1% |
| Amounts receivable within one year | 40/41 | €36,656 | €36,747 | +€91 | +0.2% |
| Trade receivables | 40 | €21,749 | €35,084 | +€13,335 | +61.3% |
| Other amounts receivable | 41 | €14,907 | €1,663 | -€13,245 | -88.8% |
| Current investments | 50/53 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €6,701 | €2,682 | -€4,019 | -60.0% |
| Deferred charges and accrued income | 490/1 | €119 | €1,825 | +€1,706 | +1439.1% |
| Total equity and liabilities | 10/49 | €173,301 | €140,462 | -€32,840 | -18.9% |
| Equity | 10/15 | -€100,429 | -€30,379 | +€70,051 | +69.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,929 | -€33,879 | +€70,051 | +67.4% |
| Amounts payable | 17/49 | €273,731 | €170,840 | -€102,890 | -37.6% |
| Amounts payable after more than one year | 17 | €114,928 | €99,101 | -€15,827 | -13.8% |
| Financial debts | 170/4 | €114,928 | €99,101 | -€15,827 | -13.8% |
| Amounts payable within one year | 42/48 | €147,714 | €70,250 | -€77,464 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | €59,149 | €59,911 | +€763 | +1.3% |
| Trade debts | 44 | €81,612 | €238 | -€81,374 | -99.7% |
| Suppliers | 440/4 | €81,612 | €238 | -€81,374 | -99.7% |
| Taxes, remuneration and social security | 45 | €6,953 | €10,101 | +€3,148 | +45.3% |
| Taxes | 450/3 | €248 | €2,411 | +€2,163 | +874.1% |
| Remuneration and social security | 454/9 | €6,705 | €7,690 | +€985 | +14.7% |
| Accrued charges and deferred income | 492/3 | €11,089 | €1,489 | -€9,600 | -86.6% |
| Remuneration, social security and pensions | 62 | €136,105 | €79,550 | -€56,555 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,348 | €30,626 | -€1,722 | -5.3% |
| Other operating charges | 640/8 | €733 | €1,115 | +€382 | +52.1% |
| Non-recurring operating charges | 66A | €5,901 | €758 | -€5,143 | -87.2% |
| Gross operating margin | 9900 | €79,160 | €186,797 | +€107,637 | +136.0% |
| Operating profit (loss) | 9901 | -€95,927 | €74,747 | +€170,674 | |
| Financial income | 75/76B | €432 | €444 | +€11 | +2.6% |
| Recurring financial income | 75 | €432 | €444 | +€11 | +2.6% |
| Financial charges | 65/66B | €8,435 | €5,141 | -€3,294 | -39.1% |
| Recurring financial charges | 65 | €8,435 | €5,141 | -€3,294 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | -€103,929 | €70,051 | +€173,980 | |
| Profit (loss) for the period | 9904 | -€103,929 | €70,051 | +€173,980 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,929 | €70,051 | +€173,980 |
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 4 October 2026 via checked.be.