VITROVAN: what changed
What changed
VITROVAN
NACE 71.112, Activities of interior architects
filed annual accounts (NBB)
Net result for the year
€25,948
2024 · €60,651-€34,703
Equity
€341,138
2024 · €341,090+€48
Cash
€121,732
2024 · €78,611+€43,121
Balance sheet total
€797,676
2024 · €823,448-€25,772
Largest movements
Assets
- Current investments -€60,000
down €60,000 (-100%), from €60,000 to €0
- Cash +€43,121
up €43,121 (+54.9%), from €78,611 to €121,732
mainly Depreciation (+€64,680) and Current investments (+€60,000)
- Tangible fixed assets -€15,328
down €15,328 (-2.6%), from €596,807 to €581,479
of which Furniture and vehicles: -€22,912
Equity and liabilities
- Debts after one year -€52,968
down €52,968 (-15.1%), from €350,954 to €297,986
- Trade debts +€21,955
up €21,955 (+91.5%), from €24,000 to €45,956
Income statement
- Gross operating margin -€28,463
down €28,463 (-13.6%), from €209,927 to €181,464
- Taxes -€10,513
down €10,513 (-45.4%), from €23,156 to €12,643
- Staff costs +€7,066
up €7,066 (+11.9%), from €59,154 to €66,220
- Depreciation +€5,608
up €5,608 (+9.5%), from €59,072 to €64,680
- Financial charges +€4,421
up €4,421 (+66.0%), from €6,698 to €11,119
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.
Result 2024
€60,651
Gross operating margin
-€28,463
Staff costs
-€7,066
Depreciation
-€5,608
Other operating charges
-€1,684
Financial income
+€2,025
Financial charges
-€4,421
Taxes
+€10,513
Result 2025
€25,948
raises the resultlowers the result
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.
From operations
+€114,153
Investment
+€10,648
Financing
-€81,680
Cash 2024
€78,611
From operations (derived)
+€114,153
Net result for the year
+€25,948
Depreciation
+€64,680
Stocks and contracts
-€6,643
Receivables within one year
+€3,622
Deferred charges and accrued income
-€3,415
Trade debts
+€21,955
Tax, wage and social debts
-€2,359
Other debts
+€5,013
Accrued charges and deferred income
+€5,350
Investment (derived)
+€10,648
Investment in fixed assets (net)
-€49,352
Current investments
+€60,000
Financing
-€81,680
Debts after one year
-€52,968
Current portion of long-term debt
-€2,812
Contributions, distributions and other
-€25,900
Cash 2025
€121,732
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €823,448 | €797,676 | -€25,772 | -3.1% |
| Fixed assets | 21/28 | €596,807 | €581,479 | -€15,328 | -2.6% |
| Tangible fixed assets | 22/27 | €596,807 | €581,479 | -€15,328 | -2.6% |
| Land and buildings | 22 | €456,312 | €469,145 | +€12,832 | +2.8% |
| Plant, machinery and equipment | 23 | €21,458 | €16,209 | -€5,249 | -24.5% |
| Furniture and vehicles | 24 | €119,036 | €96,125 | -€22,912 | -19.2% |
| Current assets | 29/58 | €226,641 | €216,197 | -€10,444 | -4.6% |
| Stocks and contracts in progress | 3 | €22,891 | €29,534 | +€6,643 | +29.0% |
| Stocks | 30/36 | €22,891 | €29,534 | +€6,643 | +29.0% |
| Amounts receivable within one year | 40/41 | €64,650 | €61,028 | -€3,622 | -5.6% |
| Trade receivables | 40 | €45,925 | €52,552 | +€6,627 | +14.4% |
| Other amounts receivable | 41 | €18,725 | €8,476 | -€10,249 | -54.7% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100% |
| Cash at bank and in hand | 54/58 | €78,611 | €121,732 | +€43,121 | +54.9% |
| Deferred charges and accrued income | 490/1 | €490 | €3,904 | +€3,415 | +697% |
| Total equity and liabilities | 10/49 | €823,448 | €797,676 | -€25,772 | -3.1% |
| Equity | 10/15 | €341,090 | €341,138 | +€48 | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €338,090 | €338,138 | +€48 | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €0 | -€300 | -100% |
| Other | 1319 | - | €300 | +€300 | |
| Distributable reserves | 133 | €337,790 | €337,838 | +€48 | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €482,358 | €456,538 | -€25,820 | -5.4% |
| Amounts payable after more than one year | 17 | €350,954 | €297,986 | -€52,968 | -15.1% |
| Financial debts | 170/4 | €350,954 | €297,986 | -€52,968 | -15.1% |
| Amounts payable within one year | 42/48 | €131,404 | €153,202 | +€21,798 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €55,780 | €52,968 | -€2,812 | -5.0% |
| Trade debts | 44 | €24,000 | €45,956 | +€21,955 | +91.5% |
| Suppliers | 440/4 | €24,000 | €45,956 | +€21,955 | +91.5% |
| Taxes, remuneration and social security | 45 | €14,404 | €12,045 | -€2,359 | -16.4% |
| Taxes | 450/3 | €11,565 | €12,045 | +€479 | +4.1% |
| Remuneration and social security | 454/9 | €2,838 | €0 | -€2,838 | -100% |
| Other amounts payable | 47/48 | €37,220 | €42,234 | +€5,013 | +13.5% |
| Accrued charges and deferred income | 492/3 | - | €5,350 | +€5,350 | |
| Remuneration, social security and pensions | 62 | €59,154 | €66,220 | +€7,066 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,072 | €64,680 | +€5,608 | +9.5% |
| Other operating charges | 640/8 | €3,366 | €5,049 | +€1,684 | +50.0% |
| Gross operating margin | 9900 | €209,927 | €181,464 | -€28,463 | -13.6% |
| Operating profit (loss) | 9901 | €88,336 | €45,515 | -€42,821 | -48.5% |
| Financial income | 75/76B | €2,170 | €4,195 | +€2,025 | +93.3% |
| Recurring financial income | 75 | €2,170 | €4,195 | +€2,025 | +93.3% |
| Financial charges | 65/66B | €6,698 | €11,119 | +€4,421 | +66.0% |
| Recurring financial charges | 65 | €6,698 | €11,119 | +€4,421 | +66.0% |
| Profit (loss) for the period before taxes | 9903 | €83,807 | €38,591 | -€45,216 | -54.0% |
| Income taxes | 67/77 | €23,156 | €12,643 | -€10,513 | -45.4% |
| Profit (loss) for the period | 9904 | €60,651 | €25,948 | -€34,703 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,651 | €25,948 | -€34,703 | -57.2% |
Next steps
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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 2 November 2026 via checked.be.