Vitsam: 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.
Vitsam
Largest movements
- Cash +€67,350
up €67,350 (+130%), from €51,794 to €119,144
mainly Net result for the year (+€81,355) and Debts after one year (+€81,286)
- Receivables within one year +€31,270
up €31,270 (+44.4%), from €70,464 to €101,734
of which Trade receivables: +€29,616
- Debts after one year +€81,286
new in 2025: €81,286
- Current portion of long-term debt +€49,714
up €49,714 (+1,055%), from €4,712 to €54,427
- Other debts -€21,713
down €21,713 (-17.9%), from €121,303 to €99,590
- Tax, wage and social debts -€11,744
down €11,744 (-41.1%), from €28,570 to €16,826
- Gross operating margin -€76,204
down €76,204 (-36.5%), from €209,000 to €132,796
- Taxes -€20,822
down €20,822 (-42.0%), from €49,541 to €28,719
- Financial charges +€2,906
up €2,906 (+819%), from €355 to €3,261
- Financial income -€2,129
down €2,129 (-53.4%), from €3,986 to €1,857
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.
Derived cash bridge
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 | €157,294 | €257,140 | +€99,847 | +63.5% |
| Fixed assets | 21/28 | €32,042 | €32,929 | +€887 | +2.8% |
| Tangible fixed assets | 22/27 | €32,042 | €32,929 | +€887 | +2.8% |
| Land and buildings | 22 | €927 | €800 | -€127 | -13.7% |
| Plant, machinery and equipment | 23 | €13,858 | €27,743 | +€13,885 | +100% |
| Furniture and vehicles | 24 | €17,257 | €4,386 | -€12,871 | -74.6% |
| Current assets | 29/58 | €125,251 | €224,211 | +€98,960 | +79.0% |
| Amounts receivable within one year | 40/41 | €70,464 | €101,734 | +€31,270 | +44.4% |
| Trade receivables | 40 | €45,563 | €75,179 | +€29,616 | +65.0% |
| Other amounts receivable | 41 | €24,901 | €26,556 | +€1,655 | +6.6% |
| Cash at bank and in hand | 54/58 | €51,794 | €119,144 | +€67,350 | +130% |
| Deferred charges and accrued income | 490/1 | €2,993 | €3,333 | +€339 | +11.3% |
| Total equity and liabilities | 10/49 | €157,294 | €257,140 | +€99,847 | +63.5% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €154,794 | €254,640 | +€99,847 | +64.5% |
| Amounts payable after more than one year | 17 | - | €81,286 | +€81,286 | |
| Financial debts | 170/4 | - | €81,286 | +€81,286 | |
| Amounts payable within one year | 42/48 | €154,586 | €173,354 | +€18,769 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €4,712 | €54,427 | +€49,714 | +1,055% |
| Trade debts | 44 | - | €2,512 | +€2,512 | |
| Suppliers | 440/4 | - | €2,512 | +€2,512 | |
| Taxes, remuneration and social security | 45 | €28,570 | €16,826 | -€11,744 | -41.1% |
| Taxes | 450/3 | €28,570 | €16,826 | -€11,744 | -41.1% |
| Other amounts payable | 47/48 | €121,303 | €99,590 | -€21,713 | -17.9% |
| Accrued charges and deferred income | 492/3 | €208 | - | -€208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,241 | €20,974 | +€734 | +3.6% |
| Other operating charges | 640/8 | €141 | €344 | +€204 | +145% |
| Gross operating margin | 9900 | €209,000 | €132,796 | -€76,204 | -36.5% |
| Operating profit (loss) | 9901 | €188,619 | €111,478 | -€77,141 | -40.9% |
| Financial income | 75/76B | €3,986 | €1,857 | -€2,129 | -53.4% |
| Recurring financial income | 75 | €3,986 | €1,857 | -€2,129 | -53.4% |
| Financial charges | 65/66B | €355 | €3,261 | +€2,906 | +819% |
| Recurring financial charges | 65 | €355 | €3,261 | +€2,906 | +819% |
| Profit (loss) for the period before taxes | 9903 | €192,250 | €110,074 | -€82,176 | -42.7% |
| Income taxes | 67/77 | €49,541 | €28,719 | -€20,822 | -42.0% |
| Profit (loss) for the period | 9904 | €142,709 | €81,355 | -€61,354 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €142,709 | €81,355 | -€61,354 | -43.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.