VITRUM: 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.
VITRUM
Largest movements
- Tangible fixed assets +€39,998
up €39,998 (+18.8%), from €213,229 to €253,227
of which Land and buildings: +€41,723
- Receivables within one year -€23,571
down €23,571 (-74.1%), from €31,818 to €8,247
of which Trade receivables: -€20,627
- Cash -€8,108
down €8,108 (-66.6%), from €12,173 to €4,064
mainly Investment in fixed assets (net) (-€61,213) and Advances received (-€30,681)
- Other debts +€106,687
up €106,687 (+155.7%), from €68,511 to €175,199
- Advances received -€30,681
down €30,681 (-97.4%), from €31,500 to €819
- Profit (loss) carried forward -€28,275
down €28,275, from €20,672 to -€7,603
- Debts after one year -€23,769
down €23,769 (-26.7%), from €89,060 to €65,291
- Tax, wage and social debts -€15,674
down €15,674 (-100.0%), from €15,674 to €0
- Gross operating margin -€68,454
down €68,454 (-86.2%), from €79,432 to €10,978
- Taxes -€15,374
down €15,374 (-100.0%), from €15,374 to €0
- Depreciation +€5,412
up €5,412 (+34.2%), from €15,803 to €21,215
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 | €257,980 | €265,976 | +€7,997 | +3.1% |
| Fixed assets | 21/28 | €213,229 | €253,227 | +€39,998 | +18.8% |
| Tangible fixed assets | 22/27 | €213,229 | €253,227 | +€39,998 | +18.8% |
| Land and buildings | 22 | €208,022 | €249,746 | +€41,723 | +20.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,207 | €3,482 | -€1,726 | -33.1% |
| Current assets | 29/58 | €44,750 | €12,749 | -€32,001 | -71.5% |
| Amounts receivable within one year | 40/41 | €31,818 | €8,247 | -€23,571 | -74.1% |
| Trade receivables | 40 | €20,627 | €0 | -€20,627 | -100.0% |
| Other amounts receivable | 41 | €11,191 | €8,247 | -€2,943 | -26.3% |
| Cash at bank and in hand | 54/58 | €12,173 | €4,064 | -€8,108 | -66.6% |
| Deferred charges and accrued income | 490/1 | €759 | €437 | -€322 | -42.4% |
| Total equity and liabilities | 10/49 | €257,980 | €265,976 | +€7,997 | +3.1% |
| Equity | 10/15 | €28,732 | €457 | -€28,275 | -98.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,672 | -€7,603 | -€28,275 | |
| Amounts payable | 17/49 | €229,247 | €265,519 | +€36,272 | +15.8% |
| Amounts payable after more than one year | 17 | €89,060 | €65,291 | -€23,769 | -26.7% |
| Financial debts | 170/4 | €89,060 | €65,291 | -€23,769 | -26.7% |
| Amounts payable within one year | 42/48 | €140,187 | €200,228 | +€60,041 | +42.8% |
| Current portion of amounts payable after more than one year | 42 | €22,972 | €23,769 | +€797 | +3.5% |
| Trade debts | 44 | €1,531 | €442 | -€1,089 | -71.1% |
| Suppliers | 440/4 | €1,531 | €442 | -€1,089 | -71.1% |
| Advances received on contracts in progress | 46 | €31,500 | €819 | -€30,681 | -97.4% |
| Taxes, remuneration and social security | 45 | €15,674 | €0 | -€15,674 | -100.0% |
| Taxes | 450/3 | €15,674 | €0 | -€15,674 | -100.0% |
| Other amounts payable | 47/48 | €68,511 | €175,199 | +€106,687 | +155.7% |
| Non-recurring operating income | 76A | - | €5,470 | +€5,470 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,803 | €21,215 | +€5,412 | +34.2% |
| Other operating charges | 640/8 | €3,172 | €2,422 | -€750 | -23.7% |
| Non-recurring operating charges | 66A | - | €11,435 | +€11,435 | |
| Gross operating margin | 9900 | €79,432 | €10,978 | -€68,454 | -86.2% |
| Operating profit (loss) | 9901 | €60,456 | -€24,094 | -€84,550 | |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €5,012 | €4,235 | -€778 | -15.5% |
| Recurring financial charges | 65 | €5,012 | €4,235 | -€778 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €55,443 | -€28,275 | -€83,719 | |
| Income taxes | 67/77 | €15,374 | €0 | -€15,374 | -100.0% |
| Profit (loss) for the period | 9904 | €40,069 | -€28,275 | -€68,344 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,069 | -€28,275 | -€68,344 |
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 29 September 2026 via checked.be.