VITRO-FLEX: what changed
"VITRO-FLEX"
Largest movements
- Tangible fixed assets -€15,814
down €15,814 (-30.0%), from €52,705 to €36,891
of which Furniture and vehicles: -€16,132
- Receivables within one year +€5,495
up €5,495 (+6.4%), from €85,977 to €91,472
of which Other amounts receivable: +€6,189
- Cash -€3,956
down €3,956 (-13.1%), from €30,139 to €26,183
mainly Debts after one year (-€15,938) and Contributions, distributions and other (-€13,400)
- Debts after one year -€15,938
down €15,938 (-42.3%), from €37,635 to €21,697
- Tax, wage and social debts -€9,000
down €9,000 (-95.0%), from €9,470 to €470
- Trade debts +€7,463
up €7,463 (+15.9%), from €46,794 to €54,257
- Other debts +€6,423
up €6,423 (+16.8%), from €38,176 to €44,599
- Profit (loss) carried forward -€5,523
down €5,523 (-98.6%), from €5,600 to €77
- Depreciation -€3,632
down €3,632 (-18.0%), from €20,219 to €16,587
- Gross operating margin -€2,948
down €2,948 (-2.1%), from €142,099 to €139,151
- Other operating charges +€1,921
up €1,921 (+24.5%), from €7,838 to €9,759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,372 | €158,076 | -€15,296 | -8.8% |
| Fixed assets | 21/28 | €52,705 | €36,891 | -€15,814 | -30.0% |
| Tangible fixed assets | 22/27 | €52,705 | €36,891 | -€15,814 | -30.0% |
| Plant, machinery and equipment | 23 | €315 | €633 | +€318 | +101% |
| Furniture and vehicles | 24 | €52,390 | €36,258 | -€16,132 | -30.8% |
| Current assets | 29/58 | €120,667 | €121,184 | +€517 | +0.4% |
| Amounts receivable within one year | 40/41 | €85,977 | €91,472 | +€5,495 | +6.4% |
| Trade receivables | 40 | €81,942 | €81,248 | -€694 | -0.8% |
| Other amounts receivable | 41 | €4,035 | €10,224 | +€6,189 | +153% |
| Cash at bank and in hand | 54/58 | €30,139 | €26,183 | -€3,956 | -13.1% |
| Deferred charges and accrued income | 490/1 | €4,551 | €3,529 | -€1,022 | -22.5% |
| Total equity and liabilities | 10/49 | €173,372 | €158,076 | -€15,296 | -8.8% |
| Equity | 10/15 | €26,060 | €20,537 | -€5,523 | -21.2% |
| Contributions | 10/11 | €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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,600 | €77 | -€5,523 | -98.6% |
| Amounts payable | 17/49 | €147,312 | €137,539 | -€9,773 | -6.6% |
| Amounts payable after more than one year | 17 | €37,635 | €21,697 | -€15,938 | -42.3% |
| Financial debts | 170/4 | €37,635 | €21,697 | -€15,938 | -42.3% |
| Amounts payable within one year | 42/48 | €109,677 | €115,842 | +€6,164 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €15,238 | €15,938 | +€700 | +4.6% |
| Trade debts | 44 | €46,794 | €54,257 | +€7,463 | +15.9% |
| Suppliers | 440/4 | €46,794 | €54,257 | +€7,463 | +15.9% |
| Advances received on contracts in progress | 46 | - | €579 | +€579 | |
| Taxes, remuneration and social security | 45 | €9,470 | €470 | -€9,000 | -95.0% |
| Taxes | 450/3 | €9,470 | €470 | -€9,000 | -95.0% |
| Other amounts payable | 47/48 | €38,176 | €44,599 | +€6,423 | +16.8% |
| Remuneration, social security and pensions | 62 | €94,607 | €95,071 | +€463 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,219 | €16,587 | -€3,632 | -18.0% |
| Other operating charges | 640/8 | €7,838 | €9,759 | +€1,921 | +24.5% |
| Gross operating margin | 9900 | €142,099 | €139,151 | -€2,948 | -2.1% |
| Operating profit (loss) | 9901 | €19,435 | €17,735 | -€1,700 | -8.7% |
| Financial charges | 65/66B | €7,261 | €6,090 | -€1,171 | -16.1% |
| Recurring financial charges | 65 | €7,261 | €6,090 | -€1,171 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €12,173 | €11,644 | -€529 | -4.3% |
| Income taxes | 67/77 | €4,588 | €3,767 | -€821 | -17.9% |
| Profit (loss) for the period | 9904 | €7,585 | €7,877 | +€291 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,585 | €7,877 | +€291 | +3.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.