VITTEC: 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.
VITTEC
Largest movements
- Cash +€43,687
up €43,687 (+641%), from €6,817 to €50,504
mainly Net result for the year (+€62,404) and Depreciation (+€32,397)
- Receivables within one year +€30,518
up €30,518 (+89.9%), from €33,930 to €64,448
of which Other amounts receivable: +€19,476
- Tangible fixed assets -€29,425
down €29,425 (-11.0%), from €268,023 to €238,599
of which Furniture and vehicles: -€19,113
- Deferred charges and accrued income -€9,881
down €9,881 (-62.3%), from €15,854 to €5,972
- Stocks and contracts -€7,090
down €7,090 (-72.8%), from €9,740 to €2,650
- Reserves +€62,404
up €62,404 (+101%), from €61,837 to €124,241
- Debts after one year -€35,224
down €35,224 (-18.9%), from €186,631 to €151,406
- Short-term financial debts +€8,321
up €8,321 (+79.1%), from €10,516 to €18,837
- Other debts -€5,157
no longer reported in 2024 (was €5,157)
- Gross operating margin +€59,221
up €59,221 (+86.6%), from €68,418 to €127,639
- Taxes +€15,915
up €15,915 (+186%), from €8,567 to €24,483
- Financial charges +€1,410
up €1,410 (+23.7%), from €5,954 to €7,364
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,223 | €363,032 | +€27,808 | +8.3% |
| Fixed assets | 21/28 | €268,882 | €239,458 | -€29,425 | -10.9% |
| Tangible fixed assets | 22/27 | €268,023 | €238,599 | -€29,425 | -11.0% |
| Land and buildings | 22 | €157,317 | €147,812 | -€9,506 | -6.0% |
| Plant, machinery and equipment | 23 | €3,069 | €2,263 | -€805 | -26.2% |
| Furniture and vehicles | 24 | €107,637 | €88,524 | -€19,113 | -17.8% |
| Financial fixed assets | 28 | €859 | €859 | = | 0.0% |
| Current assets | 29/58 | €66,341 | €123,574 | +€57,233 | +86.3% |
| Stocks and contracts in progress | 3 | €9,740 | €2,650 | -€7,090 | -72.8% |
| Stocks | 30/36 | €9,740 | €2,650 | -€7,090 | -72.8% |
| Amounts receivable within one year | 40/41 | €33,930 | €64,448 | +€30,518 | +89.9% |
| Trade receivables | 40 | €25,494 | €36,535 | +€11,041 | +43.3% |
| Other amounts receivable | 41 | €8,436 | €27,913 | +€19,476 | +231% |
| Cash at bank and in hand | 54/58 | €6,817 | €50,504 | +€43,687 | +641% |
| Deferred charges and accrued income | 490/1 | €15,854 | €5,972 | -€9,881 | -62.3% |
| Total equity and liabilities | 10/49 | €335,223 | €363,032 | +€27,808 | +8.3% |
| Equity | 10/15 | €80,437 | €142,841 | +€62,404 | +77.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,837 | €124,241 | +€62,404 | +101% |
| Distributable reserves | 133 | €61,837 | €124,241 | +€62,404 | +101% |
| Amounts payable | 17/49 | €254,786 | €220,191 | -€34,595 | -13.6% |
| Amounts payable after more than one year | 17 | €186,631 | €151,406 | -€35,224 | -18.9% |
| Financial debts | 170/4 | €186,631 | €151,406 | -€35,224 | -18.9% |
| Amounts payable within one year | 42/48 | €68,156 | €68,784 | +€629 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €35,408 | €35,224 | -€184 | -0.5% |
| Financial debts | 43 | €10,516 | €18,837 | +€8,321 | +79.1% |
| Credit institutions | 430/8 | €10,516 | €18,837 | +€8,321 | +79.1% |
| Trade debts | 44 | €5,132 | €3,029 | -€2,103 | -41.0% |
| Suppliers | 440/4 | €5,132 | €3,029 | -€2,103 | -41.0% |
| Taxes, remuneration and social security | 45 | €11,943 | €11,694 | -€249 | -2.1% |
| Taxes | 450/3 | €11,943 | €11,694 | -€249 | -2.1% |
| Other amounts payable | 47/48 | €5,157 | - | -€5,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,708 | €32,397 | +€689 | +2.2% |
| Other operating charges | 640/8 | €2,208 | €1,007 | -€1,201 | -54.4% |
| Gross operating margin | 9900 | €68,418 | €127,639 | +€59,221 | +86.6% |
| Operating profit (loss) | 9901 | €34,501 | €94,235 | +€59,734 | +173% |
| Financial income | 75/76B | €55 | €15 | -€40 | -72.8% |
| Recurring financial income | 75 | €55 | €15 | -€40 | -72.8% |
| Financial charges | 65/66B | €5,954 | €7,364 | +€1,410 | +23.7% |
| Recurring financial charges | 65 | €5,954 | €7,364 | +€1,410 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €28,602 | €86,886 | +€58,284 | +204% |
| Income taxes | 67/77 | €8,567 | €24,483 | +€15,915 | +186% |
| Profit (loss) for the period | 9904 | €20,035 | €62,404 | +€42,369 | +211% |
| Profit (loss) for the period to be appropriated | 9905 | €20,035 | €62,404 | +€42,369 | +211% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.