VITRUM: what changed
VITRUM
Largest movements
- Cash +€167,383
up €167,383 (+88.2%), from €189,769 to €357,152
mainly Net result for the year (+€296,689) and Depreciation (+€164,878)
- Tangible fixed assets -€144,460
down €144,460 (-11.2%), from €1.3m to €1.1m
of which Furniture and vehicles: -€72,483
- Receivables within one year +€37,145
up €37,145 (+15.0%), from €246,917 to €284,062
of which Other amounts receivable: +€87,339
- Reserves +€196,689
up €196,689 (+37.3%), from €527,177 to €723,866
of which Distributable reserves: +€206,549
- Debts after one year -€90,570
down €90,570 (-14.4%), from €630,424 to €539,854
- Current portion of long-term debt -€49,527
down €49,527 (-24.4%), from €202,982 to €153,455
- Tax, wage and social debts +€31,660
up €31,660 (+129%), from €24,517 to €56,177
of which Remuneration and social security: +€20,668
- Trade debts -€20,600
down €20,600 (-20.3%), from €101,381 to €80,781
- Staff costs +€55,105
up €55,105 (+9.3%), from €591,118 to €646,223
- Gross operating margin +€28,602
up €28,602 (+2.4%), from €1.2m to €1.2m
- Depreciation +€23,496
up €23,496 (+16.6%), from €141,382 to €164,878
- Financial income -€13,514
down €13,514 (-52.0%), from €25,998 to €12,484
- Taxes -€13,172
down €13,172 (-15.1%), from €87,424 to €74,252
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 | €1,818,303 | €1,887,964 | +€69,661 | +3.8% |
| Fixed assets | 21/28 | €1,286,296 | €1,141,836 | -€144,460 | -11.2% |
| Tangible fixed assets | 22/27 | €1,286,296 | €1,141,836 | -€144,460 | -11.2% |
| Land and buildings | 22 | €1,049,515 | €980,526 | -€68,990 | -6.6% |
| Plant, machinery and equipment | 23 | €48,410 | €45,422 | -€2,987 | -6.2% |
| Furniture and vehicles | 24 | €188,371 | €115,888 | -€72,483 | -38.5% |
| Current assets | 29/58 | €532,007 | €746,128 | +€214,121 | +40.2% |
| Stocks and contracts in progress | 3 | €87,039 | €79,109 | -€7,930 | -9.1% |
| Stocks | 30/36 | €87,039 | €79,109 | -€7,930 | -9.1% |
| Amounts receivable within one year | 40/41 | €246,917 | €284,062 | +€37,145 | +15.0% |
| Trade receivables | 40 | €163,782 | €113,588 | -€50,194 | -30.6% |
| Other amounts receivable | 41 | €83,135 | €170,474 | +€87,339 | +105% |
| Cash at bank and in hand | 54/58 | €189,769 | €357,152 | +€167,383 | +88.2% |
| Deferred charges and accrued income | 490/1 | €8,283 | €25,805 | +€17,522 | +212% |
| Total equity and liabilities | 10/49 | €1,818,303 | €1,887,964 | +€69,661 | +3.8% |
| Equity | 10/15 | €625,777 | €822,466 | +€196,689 | +31.4% |
| Contributions | 10/11 | €98,600 | €98,600 | = | 0.0% |
| Reserves | 13 | €527,177 | €723,866 | +€196,689 | +37.3% |
| Non-distributable reserves | 130/1 | €9,860 | - | -€9,860 | |
| Reserves not available under the articles | 1311 | €9,860 | - | -€9,860 | |
| Distributable reserves | 133 | €517,317 | €723,866 | +€206,549 | +39.9% |
| Amounts payable | 17/49 | €1,192,526 | €1,065,498 | -€127,028 | -10.7% |
| Amounts payable after more than one year | 17 | €630,424 | €539,854 | -€90,570 | -14.4% |
| Financial debts | 170/4 | €630,424 | €539,854 | -€90,570 | -14.4% |
| Amounts payable within one year | 42/48 | €560,021 | €519,099 | -€40,922 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €202,982 | €153,455 | -€49,527 | -24.4% |
| Trade debts | 44 | €101,381 | €80,781 | -€20,600 | -20.3% |
| Suppliers | 440/4 | €101,381 | €80,781 | -€20,600 | -20.3% |
| Taxes, remuneration and social security | 45 | €24,517 | €56,177 | +€31,660 | +129% |
| Taxes | 450/3 | €455 | €11,448 | +€10,993 | +2,414% |
| Remuneration and social security | 454/9 | €24,061 | €44,729 | +€20,668 | +85.9% |
| Other amounts payable | 47/48 | €231,141 | €228,686 | -€2,455 | -1.1% |
| Accrued charges and deferred income | 492/3 | €2,081 | €6,545 | +€4,463 | +214% |
| Remuneration, social security and pensions | 62 | €591,118 | €646,223 | +€55,105 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,382 | €164,878 | +€23,496 | +16.6% |
| Other operating charges | 640/8 | €11,840 | €12,392 | +€552 | +4.7% |
| Gross operating margin | 9900 | €1,193,957 | €1,222,559 | +€28,602 | +2.4% |
| Operating profit (loss) | 9901 | €449,616 | €399,065 | -€50,551 | -11.2% |
| Financial income | 75/76B | €25,998 | €12,484 | -€13,514 | -52.0% |
| Recurring financial income | 75 | €25,998 | €12,484 | -€13,514 | -52.0% |
| Financial charges | 65/66B | €33,256 | €40,608 | +€7,352 | +22.1% |
| Recurring financial charges | 65 | €33,256 | €40,608 | +€7,352 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €442,358 | €370,941 | -€71,417 | -16.1% |
| Income taxes | 67/77 | €87,424 | €74,252 | -€13,172 | -15.1% |
| Profit (loss) for the period | 9904 | €354,934 | €296,689 | -€58,245 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €354,934 | €296,689 | -€58,245 | -16.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.