VITROTECH: 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.
VITROTECH
Largest movements
- Cash +€24,333
up €24,333 (+121.7%), from €19,994 to €44,327
mainly Depreciation (+€31,284) and Net result for the year (+€17,919)
- Receivables within one year -€16,080
down €16,080 (-21.2%), from €75,691 to €59,611
of which Other amounts receivable: -€13,621
- Tangible fixed assets +€9,447
up €9,447 (+9.5%), from €99,135 to €108,582
of which Plant, machinery and equipment: +€19,268
- Deferred charges and accrued income +€9,138
new in 2025: €9,138
- Trade debts +€15,664
up €15,664 (+60.7%), from €25,795 to €41,459
- Other debts -€14,027
down €14,027 (-30.2%), from €46,475 to €32,449
- Debts after one year +€13,512
up €13,512 (+89.8%), from €15,039 to €28,551
- Accrued charges and deferred income +€10,000
up €10,000 (+500.0%), from €2,000 to €12,000
- Tax, wage and social debts -€8,645
down €8,645 (-78.7%), from €10,989 to €2,344
of which Remuneration and social security: -€5,747
- Gross operating margin -€15,860
down €15,860 (-8.4%), from €187,950 to €172,090
- Staff costs -€11,290
down €11,290 (-9.4%), from €120,161 to €108,871
- Financial income +€6,862
up €6,862 (+87.3%), from €7,858 to €14,720
of which Non-recurring financial income: +€4,959
- Depreciation +€3,164
up €3,164 (+11.3%), from €28,120 to €31,284
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 | €196,743 | €223,301 | +€26,558 | +13.5% |
| Fixed assets | 21/28 | €101,058 | €110,225 | +€9,167 | +9.1% |
| Intangible fixed assets | 21 | €1,003 | €723 | -€280 | -27.9% |
| Tangible fixed assets | 22/27 | €99,135 | €108,582 | +€9,447 | +9.5% |
| Plant, machinery and equipment | 23 | - | €19,268 | +€19,268 | |
| Furniture and vehicles | 24 | €50,103 | €45,307 | -€4,796 | -9.6% |
| Other tangible fixed assets | 26 | €49,032 | €44,007 | -€5,026 | -10.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €920 | €920 | = | 0.0% |
| Current assets | 29/58 | €95,685 | €113,076 | +€17,391 | +18.2% |
| Amounts receivable within one year | 40/41 | €75,691 | €59,611 | -€16,080 | -21.2% |
| Trade receivables | 40 | €37,534 | €35,076 | -€2,458 | -6.5% |
| Other amounts receivable | 41 | €38,157 | €24,535 | -€13,621 | -35.7% |
| Cash at bank and in hand | 54/58 | €19,994 | €44,327 | +€24,333 | +121.7% |
| Deferred charges and accrued income | 490/1 | - | €9,138 | +€9,138 | |
| Total equity and liabilities | 10/49 | €196,743 | €223,301 | +€26,558 | +13.5% |
| Equity | 10/15 | €78,832 | €84,752 | +€5,919 | +7.5% |
| 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% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,372 | €64,292 | +€5,919 | +10.1% |
| Amounts payable | 17/49 | €117,911 | €138,550 | +€20,639 | +17.5% |
| Amounts payable after more than one year | 17 | €15,039 | €28,551 | +€13,512 | +89.8% |
| Financial debts | 170/4 | €15,039 | €28,551 | +€13,512 | +89.8% |
| Amounts payable within one year | 42/48 | €100,872 | €97,999 | -€2,873 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €17,613 | €21,747 | +€4,134 | +23.5% |
| Trade debts | 44 | €25,795 | €41,459 | +€15,664 | +60.7% |
| Suppliers | 440/4 | €25,795 | €41,459 | +€15,664 | +60.7% |
| Taxes, remuneration and social security | 45 | €10,989 | €2,344 | -€8,645 | -78.7% |
| Taxes | 450/3 | €2,977 | €80 | -€2,898 | -97.3% |
| Remuneration and social security | 454/9 | €8,012 | €2,264 | -€5,747 | -71.7% |
| Other amounts payable | 47/48 | €46,475 | €32,449 | -€14,027 | -30.2% |
| Accrued charges and deferred income | 492/3 | €2,000 | €12,000 | +€10,000 | +500.0% |
| Remuneration, social security and pensions | 62 | €120,161 | €108,871 | -€11,290 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,120 | €31,284 | +€3,164 | +11.3% |
| Other operating charges | 640/8 | €9,880 | €9,690 | -€190 | -1.9% |
| Non-recurring operating charges | 66A | €1,053 | €6,822 | +€5,769 | +547.9% |
| Gross operating margin | 9900 | €187,950 | €172,090 | -€15,860 | -8.4% |
| Operating profit (loss) | 9901 | €28,736 | €15,423 | -€13,313 | -46.3% |
| Financial income | 75/76B | €7,858 | €14,720 | +€6,862 | +87.3% |
| Recurring financial income | 75 | €7,858 | €9,761 | +€1,904 | +24.2% |
| Non-recurring financial income | 76B | - | €4,959 | +€4,959 | |
| Financial charges | 65/66B | €2,709 | €3,172 | +€463 | +17.1% |
| Recurring financial charges | 65 | €2,709 | €3,172 | +€463 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €33,885 | €26,971 | -€6,914 | -20.4% |
| Income taxes | 67/77 | €10,263 | €9,051 | -€1,212 | -11.8% |
| Profit (loss) for the period | 9904 | €23,622 | €17,919 | -€5,703 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,622 | €17,919 | -€5,703 | -24.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.