VITRUVI ESTATES: 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 ESTATES
Largest movements
- Stocks and contracts +€76,764
up €76,764 (+7.6%), from €1.0m to €1.1m
- Debts after one year -€600,000
down €600,000 (-43.8%), from €1.4m to €770,000
- Current portion of long-term debt +€600,000
up €600,000 (+352.9%), from €170,000 to €770,000
- Other debts +€77,866
up €77,866 (+626.8%), from €12,423 to €90,290
- Financial income -€764,478
down €764,478 (-99.1%), from €771,475 to €6,998
of which Non-recurring financial income: -€767,026
- Financial charges -€36,461
down €36,461 (-89.1%), from €40,929 to €4,468
- Other operating charges -€25,379
down €25,379 (-81.6%), from €31,083 to €5,704
- Gross operating margin -€18,347
down €18,347 (-51.6%), from €35,561 to €17,214
- Taxes +€4,496
up €4,496, from €0 to €4,496
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 | €2,664,431 | €2,728,429 | +€63,999 | +2.4% |
| Fixed assets | 21/28 | €1,179,128 | €1,152,050 | -€27,078 | -2.3% |
| Tangible fixed assets | 22/27 | €1,179,128 | €1,152,050 | -€27,078 | -2.3% |
| Land and buildings | 22 | €1,179,128 | €1,152,050 | -€27,078 | -2.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,485,303 | €1,576,379 | +€91,076 | +6.1% |
| Stocks and contracts in progress | 3 | €1,007,234 | €1,083,998 | +€76,764 | +7.6% |
| Stocks | 30/36 | €1,007,234 | €1,083,998 | +€76,764 | +7.6% |
| Amounts receivable within one year | 40/41 | €463,358 | €479,036 | +€15,678 | +3.4% |
| Trade receivables | 40 | €1,343 | €6,000 | +€4,657 | +346.8% |
| Other amounts receivable | 41 | €462,015 | €473,036 | +€11,020 | +2.4% |
| Cash at bank and in hand | 54/58 | €10,262 | €4,604 | -€5,658 | -55.1% |
| Deferred charges and accrued income | 490/1 | €4,449 | €8,741 | +€4,292 | +96.5% |
| Total equity and liabilities | 10/49 | €2,664,431 | €2,728,429 | +€63,999 | +2.4% |
| Equity | 10/15 | €1,108,661 | €1,091,127 | -€17,533 | -1.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,008,661 | €1,008,661 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €1,008,361 | €1,008,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,533 | -€17,533 | |
| Amounts payable | 17/49 | €1,555,770 | €1,637,302 | +€81,532 | +5.2% |
| Amounts payable after more than one year | 17 | €1,370,000 | €770,000 | -€600,000 | -43.8% |
| Financial debts | 170/4 | €1,370,000 | €770,000 | -€600,000 | -43.8% |
| Amounts payable within one year | 42/48 | €182,904 | €864,806 | +€681,902 | +372.8% |
| Current portion of amounts payable after more than one year | 42 | €170,000 | €770,000 | +€600,000 | +352.9% |
| Trade debts | 44 | €480 | €4,516 | +€4,036 | +840.1% |
| Suppliers | 440/4 | €480 | €4,516 | +€4,036 | +840.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,423 | €90,290 | +€77,866 | +626.8% |
| Accrued charges and deferred income | 492/3 | €2,866 | €2,496 | -€370 | -12.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,257 | €27,078 | +€1,821 | +7.2% |
| Other operating charges | 640/8 | €31,083 | €5,704 | -€25,379 | -81.6% |
| Gross operating margin | 9900 | €35,561 | €17,214 | -€18,347 | -51.6% |
| Operating profit (loss) | 9901 | -€20,778 | -€15,567 | +€5,211 | +25.1% |
| Financial income | 75/76B | €771,475 | €6,998 | -€764,478 | -99.1% |
| Recurring financial income | 75 | €4,449 | €6,998 | +€2,549 | +57.3% |
| Non-recurring financial income | 76B | €767,026 | €0 | -€767,026 | -100.0% |
| Financial charges | 65/66B | €40,929 | €4,468 | -€36,461 | -89.1% |
| Recurring financial charges | 65 | €40,929 | €4,468 | -€36,461 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €709,768 | -€13,038 | -€722,806 | |
| Income taxes | 67/77 | €0 | €4,496 | +€4,496 | |
| Profit (loss) for the period | 9904 | €709,768 | -€17,533 | -€727,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €709,768 | -€17,533 | -€727,302 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.