VITTORIA: what changed
What changed
VITTORIA
NACE 47.789, Other retail sale of new goods
filed annual accounts (NBB)
Net result for the year
€7,825
2024 · -€25,981+€33,806
Equity
€394,660
2024 · €386,835+€7,825
Cash
€56,125
2024 · €1,300+€54,825
Balance sheet total
€598,858
2024 · €529,902+€68,956
Largest movements
Assets
- Cash +€54,825
up €54,825 (+4,217%), from €1,300 to €56,125
mainly Trade debts (+€64,176) and Depreciation (+€61,241)
- Stocks and contracts +€21,710
up €21,710 (+3,505%), from €619 to €22,330
- Tangible fixed assets -€15,767
down €15,767 (-3.0%), from €516,967 to €501,199
of which Other tangible fixed assets: -€29,860
Equity and liabilities
- Trade debts +€64,176
up €64,176 (+336%), from €19,094 to €83,270
- Tax, wage and social debts +€11,116
up €11,116 (+656%), from €1,695 to €12,812
of which Taxes: +€6,741
- Debts after one year -€10,891
down €10,891 (-10.7%), from €102,237 to €91,346
- Profit (loss) carried forward +€7,825
up €7,825 (+8.3%), from -€94,258 to -€86,433
- Other debts -€6,029
down €6,029 (-46.0%), from €13,109 to €7,079
Income statement
- Gross operating margin +€75,008
up €75,008 (+227%), from €33,077 to €108,085
- Staff costs +€33,860
new in 2025: €33,860
- Depreciation +€4,816
up €4,816 (+8.5%), from €56,425 to €61,241
- Financial charges +€1,950
up €1,950 (+120%), from €1,623 to €3,572
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€25,981
Gross operating margin
+€75,008
Staff costs
-€33,860
Depreciation
-€4,816
Other operating charges
-€686
Financial income
+€110
Financial charges
-€1,950
Result 2025
€7,825
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€111,029
Investment
-€45,473
Financing
-€10,731
Cash 2024
€1,300
From operations (derived)
+€111,029
Net result for the year
+€7,825
Depreciation
+€61,241
Stocks and contracts
-€21,710
Receivables within one year
-€5,193
Deferred charges and accrued income
-€2,996
Trade debts
+€64,176
Tax, wage and social debts
+€11,116
Advances received
+€3,800
Other debts
-€6,029
Accrued charges and deferred income
-€1,200
Investment (derived)
-€45,473
Investment in fixed assets (net)
-€45,473
Financing
-€10,731
Debts after one year
-€10,891
Current portion of long-term debt
+€160
Cash 2025
€56,125
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €529,902 | €598,858 | +€68,956 | +13.0% |
| Fixed assets | 21/28 | €516,967 | €501,199 | -€15,767 | -3.0% |
| Tangible fixed assets | 22/27 | €516,967 | €501,199 | -€15,767 | -3.0% |
| Land and buildings | 22 | €287,220 | €271,582 | -€15,638 | -5.4% |
| Plant, machinery and equipment | 23 | €51,274 | €86,218 | +€34,943 | +68.1% |
| Furniture and vehicles | 24 | €2,572 | €3,095 | +€523 | +20.3% |
| Leasing and similar rights | 25 | €17,842 | €12,106 | -€5,735 | -32.1% |
| Other tangible fixed assets | 26 | €158,059 | €128,199 | -€29,860 | -18.9% |
| Current assets | 29/58 | €12,935 | €97,659 | +€84,724 | +655% |
| Stocks and contracts in progress | 3 | €619 | €22,330 | +€21,710 | +3,505% |
| Stocks | 30/36 | €619 | €22,330 | +€21,710 | +3,505% |
| Amounts receivable within one year | 40/41 | €7,999 | €13,191 | +€5,193 | +64.9% |
| Trade receivables | 40 | €7,999 | €13,191 | +€5,193 | +64.9% |
| Cash at bank and in hand | 54/58 | €1,300 | €56,125 | +€54,825 | +4,217% |
| Deferred charges and accrued income | 490/1 | €3,016 | €6,013 | +€2,996 | +99.3% |
| Total equity and liabilities | 10/49 | €529,902 | €598,858 | +€68,956 | +13.0% |
| Equity | 10/15 | €386,835 | €394,660 | +€7,825 | +2.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €480,993 | €480,993 | = | 0.0% |
| Distributable reserves | 133 | €480,993 | €480,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,258 | -€86,433 | +€7,825 | +8.3% |
| Amounts payable | 17/49 | €143,066 | €204,198 | +€61,132 | +42.7% |
| Amounts payable after more than one year | 17 | €102,237 | €91,346 | -€10,891 | -10.7% |
| Financial debts | 170/4 | €102,237 | €91,346 | -€10,891 | -10.7% |
| Amounts payable within one year | 42/48 | €39,629 | €112,852 | +€73,223 | +185% |
| Current portion of amounts payable after more than one year | 42 | €5,731 | €5,891 | +€160 | +2.8% |
| Trade debts | 44 | €19,094 | €83,270 | +€64,176 | +336% |
| Suppliers | 440/4 | €19,094 | €83,270 | +€64,176 | +336% |
| Advances received on contracts in progress | 46 | - | €3,800 | +€3,800 | |
| Taxes, remuneration and social security | 45 | €1,695 | €12,812 | +€11,116 | +656% |
| Taxes | 450/3 | €1,695 | €8,437 | +€6,741 | +398% |
| Remuneration and social security | 454/9 | - | €4,375 | +€4,375 | |
| Other amounts payable | 47/48 | €13,109 | €7,079 | -€6,029 | -46.0% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Remuneration, social security and pensions | 62 | - | €33,860 | +€33,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,425 | €61,241 | +€4,816 | +8.5% |
| Other operating charges | 640/8 | €1,010 | €1,697 | +€686 | +67.9% |
| Gross operating margin | 9900 | €33,077 | €108,085 | +€75,008 | +227% |
| Operating profit (loss) | 9901 | -€24,359 | €11,287 | +€35,646 | |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Financial charges | 65/66B | €1,623 | €3,572 | +€1,950 | +120% |
| Recurring financial charges | 65 | €1,623 | €3,572 | +€1,950 | +120% |
| Profit (loss) for the period before taxes | 9903 | -€25,981 | €7,825 | +€33,806 | |
| Profit (loss) for the period | 9904 | -€25,981 | €7,825 | +€33,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,981 | €7,825 | +€33,806 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.