VITRUVI DEVELOPMENTS: 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.
VITRUVI DEVELOPMENTS
Largest movements
- Receivables within one year +€98,107
up €98,107 (+26.0%), from €377,452 to €475,559
of which Other amounts receivable: +€473,343
- Stocks and contracts +€44,195
up €44,195 (+37.0%), from €119,441 to €163,636
- Tangible fixed assets -€11,810
down €11,810 (-29.3%), from €40,332 to €28,522
- Deferred charges and accrued income -€7,166
down €7,166 (-93.8%), from €7,643 to €477
- Other debts +€51,015
up €51,015 (+10.4%), from €489,205 to €540,220
- Tax, wage and social debts +€45,281
up €45,281 (+70.4%), from €64,338 to €109,619
of which Taxes: +€29,860
- Trade debts +€14,391
up €14,391 (+28.5%), from €50,409 to €64,800
- Profit (loss) carried forward +€8,411
up €8,411 (+12.5%), from -€67,072 to -€58,662
- Gross operating margin +€91,488
up €91,488 (+125.9%), from €72,671 to €164,158
- Staff costs +€56,682
up €56,682 (+83.8%), from €67,652 to €124,334
- Financial charges +€5,486
up €5,486 (+44.2%), from €12,425 to €17,911
- Depreciation +€4,627
up €4,627 (+58.4%), from €7,918 to €12,545
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 | €554,458 | €676,837 | +€122,379 | +22.1% |
| Fixed assets | 21/28 | €40,332 | €28,522 | -€11,810 | -29.3% |
| Tangible fixed assets | 22/27 | €40,332 | €28,522 | -€11,810 | -29.3% |
| Land and buildings | 22 | €7,446 | €4,964 | -€2,482 | -33.3% |
| Plant, machinery and equipment | 23 | €24,374 | €18,656 | -€5,718 | -23.5% |
| Furniture and vehicles | 24 | €8,513 | €4,902 | -€3,610 | -42.4% |
| Current assets | 29/58 | €514,126 | €648,315 | +€134,189 | +26.1% |
| Stocks and contracts in progress | 3 | €119,441 | €163,636 | +€44,195 | +37.0% |
| Stocks | 30/36 | €119,441 | €163,636 | +€44,195 | +37.0% |
| Amounts receivable within one year | 40/41 | €377,452 | €475,559 | +€98,107 | +26.0% |
| Trade receivables | 40 | €377,254 | €2,018 | -€375,235 | -99.5% |
| Other amounts receivable | 41 | €198 | €473,541 | +€473,343 | +238712.2% |
| Cash at bank and in hand | 54/58 | €9,591 | €8,643 | -€948 | -9.9% |
| Deferred charges and accrued income | 490/1 | €7,643 | €477 | -€7,166 | -93.8% |
| Total equity and liabilities | 10/49 | €554,458 | €676,837 | +€122,379 | +22.1% |
| Equity | 10/15 | -€60,772 | -€52,362 | +€8,411 | +13.8% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,072 | -€58,662 | +€8,411 | +12.5% |
| Amounts payable | 17/49 | €615,231 | €729,199 | +€113,968 | +18.5% |
| Amounts payable within one year | 42/48 | €603,951 | €714,639 | +€110,688 | +18.3% |
| Trade debts | 44 | €50,409 | €64,800 | +€14,391 | +28.5% |
| Suppliers | 440/4 | €50,409 | €64,800 | +€14,391 | +28.5% |
| Taxes, remuneration and social security | 45 | €64,338 | €109,619 | +€45,281 | +70.4% |
| Taxes | 450/3 | €57,896 | €87,756 | +€29,860 | +51.6% |
| Remuneration and social security | 454/9 | €6,442 | €21,863 | +€15,421 | +239.4% |
| Other amounts payable | 47/48 | €489,205 | €540,220 | +€51,015 | +10.4% |
| Accrued charges and deferred income | 492/3 | €11,279 | €14,560 | +€3,280 | +29.1% |
| Remuneration, social security and pensions | 62 | €67,652 | €124,334 | +€56,682 | +83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,918 | €12,545 | +€4,627 | +58.4% |
| Other operating charges | 640/8 | €949 | €601 | -€348 | -36.7% |
| Gross operating margin | 9900 | €72,671 | €164,158 | +€91,488 | +125.9% |
| Operating profit (loss) | 9901 | -€3,849 | €26,678 | +€30,527 | |
| Financial income | 75/76B | €584 | €2 | -€582 | -99.7% |
| Recurring financial income | 75 | €584 | €2 | -€582 | -99.7% |
| Financial charges | 65/66B | €12,425 | €17,911 | +€5,486 | +44.2% |
| Recurring financial charges | 65 | €12,425 | €17,911 | +€5,486 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,691 | €8,769 | +€24,459 | |
| Income taxes | 67/77 | €187 | €358 | +€171 | +91.7% |
| Profit (loss) for the period | 9904 | -€15,877 | €8,411 | +€24,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,877 | €8,411 | +€24,288 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.