VITRUVE: 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.
VITRUVE
Largest movements
- Receivables within one year -€22,721
down €22,721 (-31.7%), from €71,573 to €48,852
of which Trade receivables: -€18,683
- Tangible fixed assets -€7,232
down €7,232 (-55.1%), from €13,134 to €5,903
of which Furniture and vehicles: -€5,932
- Cash +€2,522
up €2,522 (+18.3%), from €13,807 to €16,329
mainly Receivables within one year (+€22,721) and Other debts (+€20,481)
- Financial fixed assets +€1,099
up €1,099 (+598.3%), from €184 to €1,282
- Tax, wage and social debts -€51,739
down €51,739 (-87.5%), from €59,155 to €7,416
of which Remuneration and social security: -€47,287
- Other debts +€20,481
up €20,481 (+61.6%), from €33,226 to €53,706
- Contributions +€20,000
up €20,000 (+50.0%), from €40,000 to €60,000
- Profit (loss) carried forward -€16,808
down €16,808 (-48.4%), from -€34,719 to -€51,527
- Trade debts +€1,734
up €1,734 (+167.4%), from €1,036 to €2,770
- Gross operating margin +€19,102
up €19,102 (+70.5%), from -€27,097 to -€7,996
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 | €98,698 | €72,365 | -€26,333 | -26.7% |
| Fixed assets | 21/28 | €13,318 | €7,185 | -€6,133 | -46.1% |
| Tangible fixed assets | 22/27 | €13,134 | €5,903 | -€7,232 | -55.1% |
| Plant, machinery and equipment | 23 | €3,013 | €1,713 | -€1,300 | -43.1% |
| Furniture and vehicles | 24 | €10,121 | €4,189 | -€5,932 | -58.6% |
| Financial fixed assets | 28 | €184 | €1,282 | +€1,099 | +598.3% |
| Current assets | 29/58 | €85,380 | €65,180 | -€20,200 | -23.7% |
| Amounts receivable within one year | 40/41 | €71,573 | €48,852 | -€22,721 | -31.7% |
| Trade receivables | 40 | €62,633 | €43,950 | -€18,683 | -29.8% |
| Other amounts receivable | 41 | €8,940 | €4,901 | -€4,038 | -45.2% |
| Cash at bank and in hand | 54/58 | €13,807 | €16,329 | +€2,522 | +18.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €98,698 | €72,365 | -€26,333 | -26.7% |
| Equity | 10/15 | €5,281 | €8,473 | +€3,192 | +60.4% |
| Contributions | 10/11 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Profit (loss) carried forward | 14 | -€34,719 | -€51,527 | -€16,808 | -48.4% |
| Amounts payable | 17/49 | €93,416 | €63,892 | -€29,525 | -31.6% |
| Amounts payable within one year | 42/48 | €93,416 | €63,892 | -€29,525 | -31.6% |
| Trade debts | 44 | €1,036 | €2,770 | +€1,734 | +167.4% |
| Suppliers | 440/4 | €1,036 | €2,770 | +€1,734 | +167.4% |
| Taxes, remuneration and social security | 45 | €59,155 | €7,416 | -€51,739 | -87.5% |
| Taxes | 450/3 | €7,705 | €3,253 | -€4,452 | -57.8% |
| Remuneration and social security | 454/9 | €51,450 | €4,163 | -€47,287 | -91.9% |
| Other amounts payable | 47/48 | €33,226 | €53,706 | +€20,481 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,198 | €7,232 | +€34 | +0.5% |
| Other operating charges | 640/8 | €1,124 | €1,100 | -€24 | -2.2% |
| Non-recurring operating charges | 66A | €4,594 | €354 | -€4,240 | -92.3% |
| Gross operating margin | 9900 | -€27,097 | -€7,996 | +€19,102 | +70.5% |
| Operating profit (loss) | 9901 | -€40,014 | -€16,681 | +€23,332 | +58.3% |
| Financial income | 75/76B | €32 | €239 | +€206 | +639.4% |
| Recurring financial income | 75 | €32 | €239 | +€206 | +639.4% |
| Financial charges | 65/66B | €196 | €234 | +€38 | +19.4% |
| Recurring financial charges | 65 | €196 | €234 | +€38 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | -€40,177 | -€16,676 | +€23,501 | +58.5% |
| Income taxes | 67/77 | -€86 | €132 | +€218 | |
| Profit (loss) for the period | 9904 | -€40,091 | -€16,808 | +€23,283 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,091 | -€16,808 | +€23,283 | +58.1% |
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 7 October 2026 via checked.be.