VITSKI: 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.
VITSKI
Largest movements
- Stocks and contracts +€368,546
up €368,546 (+30.3%), from €1.2m to €1.6m
- Receivables within one year -€149,959
down €149,959 (-62.6%), from €239,439 to €89,480
of which Trade receivables: -€156,310
- Cash -€24,237
down €24,237 (-98.4%), from €24,644 to €407
mainly Stocks and contracts (-€368,546) and Short-term financial debts (-€15,452)
- Other debts +€162,732
up €162,732 (+142.6%), from €114,100 to €276,832
- Reserves +€26,185
up €26,185 (+25.8%), from €101,420 to €127,605
- Gross operating margin -€183,139
down €183,139 (-63.3%), from €289,270 to €106,130
- Taxes -€35,093
down €35,093 (-74.1%), from €47,329 to €12,236
- Financial charges -€27,061
down €27,061 (-29.4%), from €92,026 to €64,965
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 | €1,479,485 | €1,673,835 | +€194,350 | +13.1% |
| Current assets | 29/58 | €1,479,485 | €1,673,835 | +€194,350 | +13.1% |
| Stocks and contracts in progress | 3 | €1,215,402 | €1,583,948 | +€368,546 | +30.3% |
| Stocks | 30/36 | €1,215,402 | €1,583,948 | +€368,546 | +30.3% |
| Amounts receivable within one year | 40/41 | €239,439 | €89,480 | -€149,959 | -62.6% |
| Trade receivables | 40 | €238,790 | €82,480 | -€156,310 | -65.5% |
| Other amounts receivable | 41 | €649 | €7,000 | +€6,351 | +979.3% |
| Cash at bank and in hand | 54/58 | €24,644 | €407 | -€24,237 | -98.4% |
| Total equity and liabilities | 10/49 | €1,479,485 | €1,673,835 | +€194,350 | +13.1% |
| Equity | 10/15 | €106,420 | €132,605 | +€26,185 | +24.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €101,420 | €127,605 | +€26,185 | +25.8% |
| Distributable reserves | 133 | €101,420 | €127,605 | +€26,185 | +25.8% |
| Amounts payable | 17/49 | €1,373,065 | €1,541,230 | +€168,165 | +12.2% |
| Amounts payable within one year | 42/48 | €1,373,065 | €1,539,515 | +€166,450 | +12.1% |
| Financial debts | 43 | €1,199,528 | €1,184,076 | -€15,452 | -1.3% |
| Credit institutions | 430/8 | €1,199,528 | €1,184,076 | -€15,452 | -1.3% |
| Trade debts | 44 | €12,107 | €19,041 | +€6,934 | +57.3% |
| Suppliers | 440/4 | €12,107 | €19,041 | +€6,934 | +57.3% |
| Taxes, remuneration and social security | 45 | €47,329 | €59,566 | +€12,236 | +25.9% |
| Taxes | 450/3 | €47,329 | €59,566 | +€12,236 | +25.9% |
| Other amounts payable | 47/48 | €114,100 | €276,832 | +€162,732 | +142.6% |
| Accrued charges and deferred income | 492/3 | - | €1,715 | +€1,715 | |
| Other operating charges | 640/8 | €1,338 | €2,743 | +€1,406 | +105.1% |
| Gross operating margin | 9900 | €289,270 | €106,130 | -€183,139 | -63.3% |
| Operating profit (loss) | 9901 | €287,932 | €103,387 | -€184,545 | -64.1% |
| Financial charges | 65/66B | €92,026 | €64,965 | -€27,061 | -29.4% |
| Recurring financial charges | 65 | €92,026 | €64,965 | -€27,061 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €195,906 | €38,422 | -€157,484 | -80.4% |
| Income taxes | 67/77 | €47,329 | €12,236 | -€35,093 | -74.1% |
| Profit (loss) for the period | 9904 | €148,577 | €26,185 | -€122,391 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €148,577 | €26,185 | -€122,391 | -82.4% |
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 6 October 2026 via checked.be.