VITRUVIO: what changed
Two financial 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.
VITRUVIO
Largest movements
- Cash +€57,802
up €57,802 (+49.3%), from €117,344 to €175,146
mainly Net result for the year (+€105,358) and Other debts (+€82,589)
- Receivables within one year +€37,512
up €37,512 (+186.1%), from €20,155 to €57,667
of which Other amounts receivable: +€39,939
- Tangible fixed assets -€12,688
down €12,688 (-36.0%), from €35,284 to €22,596
- Other debts +€82,589
up €82,589 (+444.9%), from €18,562 to €101,150
- Accrued charges and deferred income +€10,000
new in 2025: €10,000
- Current portion of long-term debt -€9,529
down €9,529 (-100.0%), from €9,529 to €0
- Tax, wage and social debts -€5,412
down €5,412 (-47.9%), from €11,307 to €5,895
- Profit (loss) carried forward +€5,358
up €5,358 (+3683.6%), from €145 to €5,504
- Gross operating margin +€74,306
up €74,306 (+94.1%), from €78,952 to €153,258
- Taxes +€13,519
up €13,519 (+81.7%), from €16,542 to €30,060
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 | €178,057 | €261,166 | +€83,110 | +46.7% |
| Fixed assets | 21/28 | €35,284 | €22,596 | -€12,688 | -36.0% |
| Tangible fixed assets | 22/27 | €35,284 | €22,596 | -€12,688 | -36.0% |
| Furniture and vehicles | 24 | €35,284 | €22,596 | -€12,688 | -36.0% |
| Current assets | 29/58 | €142,773 | €238,571 | +€95,798 | +67.1% |
| Amounts receivable within one year | 40/41 | €20,155 | €57,667 | +€37,512 | +186.1% |
| Trade receivables | 40 | €20,155 | €17,728 | -€2,427 | -12.0% |
| Other amounts receivable | 41 | - | €39,939 | +€39,939 | |
| Cash at bank and in hand | 54/58 | €117,344 | €175,146 | +€57,802 | +49.3% |
| Deferred charges and accrued income | 490/1 | €5,274 | €5,758 | +€484 | +9.2% |
| Total equity and liabilities | 10/49 | €178,057 | €261,166 | +€83,110 | +46.7% |
| Equity | 10/15 | €138,145 | €143,504 | +€5,358 | +3.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €134,000 | €134,000 | = | 0.0% |
| Distributable reserves | 133 | €134,000 | €134,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145 | €5,504 | +€5,358 | +3683.6% |
| Amounts payable | 17/49 | €39,911 | €117,663 | +€77,752 | +194.8% |
| Amounts payable within one year | 42/48 | €39,911 | €107,663 | +€67,752 | +169.8% |
| Current portion of amounts payable after more than one year | 42 | €9,529 | €0 | -€9,529 | -100.0% |
| Trade debts | 44 | €514 | €617 | +€103 | +20.1% |
| Suppliers | 440/4 | €514 | €617 | +€103 | +20.1% |
| Taxes, remuneration and social security | 45 | €11,307 | €5,895 | -€5,412 | -47.9% |
| Taxes | 450/3 | €11,307 | €5,895 | -€5,412 | -47.9% |
| Other amounts payable | 47/48 | €18,562 | €101,150 | +€82,589 | +444.9% |
| Accrued charges and deferred income | 492/3 | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,688 | €12,688 | = | 0.0% |
| Other operating charges | 640/8 | €2,394 | €3,154 | +€760 | +31.7% |
| Gross operating margin | 9900 | €78,952 | €153,258 | +€74,306 | +94.1% |
| Operating profit (loss) | 9901 | €63,870 | €137,416 | +€73,546 | +115.1% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €670 | €2,013 | +€1,342 | +200.2% |
| Recurring financial charges | 65 | €670 | €2,013 | +€1,342 | +200.2% |
| Profit (loss) for the period before taxes | 9903 | €63,200 | €135,418 | +€72,219 | +114.3% |
| Income taxes | 67/77 | €16,542 | €30,060 | +€13,519 | +81.7% |
| Profit (loss) for the period | 9904 | €46,658 | €105,358 | +€58,700 | +125.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,658 | €105,358 | +€58,700 | +125.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.