VITTOTECH: 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.
VITTOTECH
Largest movements
- Receivables within one year -€10,220
down €10,220 (-18.3%), from €55,797 to €45,576
of which Trade receivables: -€8,432
- Cash +€4,976
up €4,976 (+632.7%), from €786 to €5,762
mainly Receivables within one year (+€10,220) and Tax, wage and social debts (+€5,420)
- Tangible fixed assets -€3,647
down €3,647 (-46.3%), from €7,873 to €4,225
of which Furniture and vehicles: -€2,549
- Profit (loss) carried forward -€13,878
down €13,878, from €10,209 to -€3,669
- Tax, wage and social debts +€5,420
up €5,420 (+31.4%), from €17,286 to €22,706
- Trade debts -€729
down €729 (-7.3%), from €9,941 to €9,212
- Financial charges +€11,208
up €11,208 (+428.5%), from €2,616 to €13,824
of which Non-recurring financial charges: +€13,316
- Gross operating margin +€4,144
up €4,144 (+596.1%), from €695 to €4,839
- Depreciation -€3,758
down €3,758 (-46.1%), from €8,146 to €4,388
- Write-downs -€2,582
down €2,582 (-100.0%), from €2,582 to €0
- Financial income -€1,979
down €1,979 (-97.9%), from €2,021 to €42
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.
Cash bridge derived
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 | €64,456 | €55,564 | -€8,892 | -13.8% |
| Fixed assets | 21/28 | €7,873 | €4,225 | -€3,647 | -46.3% |
| Tangible fixed assets | 22/27 | €7,873 | €4,225 | -€3,647 | -46.3% |
| Plant, machinery and equipment | 23 | €2,650 | €1,551 | -€1,098 | -41.5% |
| Furniture and vehicles | 24 | €5,223 | €2,674 | -€2,549 | -48.8% |
| Current assets | 29/58 | €56,583 | €51,339 | -€5,245 | -9.3% |
| Amounts receivable within one year | 40/41 | €55,797 | €45,576 | -€10,220 | -18.3% |
| Trade receivables | 40 | €15,808 | €7,376 | -€8,432 | -53.3% |
| Other amounts receivable | 41 | €39,989 | €38,200 | -€1,789 | -4.5% |
| Cash at bank and in hand | 54/58 | €786 | €5,762 | +€4,976 | +632.7% |
| Total equity and liabilities | 10/49 | €64,456 | €55,564 | -€8,892 | -13.8% |
| Equity | 10/15 | €28,969 | €15,091 | -€13,878 | -47.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,560 | €12,560 | = | 0.0% |
| Distributable reserves | 133 | €12,560 | €12,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,209 | -€3,669 | -€13,878 | |
| Amounts payable | 17/49 | €35,487 | €40,473 | +€4,986 | +14.1% |
| Amounts payable within one year | 42/48 | €35,487 | €40,473 | +€4,986 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Financial debts | 43 | €2,260 | €2,554 | +€295 | +13.0% |
| Credit institutions | 430/8 | €2,260 | €2,554 | +€295 | +13.0% |
| Trade debts | 44 | €9,941 | €9,212 | -€729 | -7.3% |
| Suppliers | 440/4 | €9,941 | €9,212 | -€729 | -7.3% |
| Taxes, remuneration and social security | 45 | €17,286 | €22,706 | +€5,420 | +31.4% |
| Taxes | 450/3 | €17,286 | €22,706 | +€5,420 | +31.4% |
| Remuneration, social security and pensions | 62 | - | €15 | +€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,146 | €4,388 | -€3,758 | -46.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,582 | €0 | -€2,582 | -100.0% |
| Other operating charges | 640/8 | €284 | €45 | -€239 | -84.2% |
| Non-recurring operating charges | 66A | €2,313 | €0 | -€2,313 | -100.0% |
| Gross operating margin | 9900 | €695 | €4,839 | +€4,144 | +596.1% |
| Operating profit (loss) | 9901 | -€12,631 | €390 | +€13,021 | |
| Financial income | 75/76B | €2,021 | €42 | -€1,979 | -97.9% |
| Recurring financial income | 75 | €2,021 | €42 | -€1,979 | -97.9% |
| Financial charges | 65/66B | €2,616 | €13,824 | +€11,208 | +428.5% |
| Recurring financial charges | 65 | €2,616 | €508 | -€2,108 | -80.6% |
| Non-recurring financial charges | 66B | - | €13,316 | +€13,316 | |
| Profit (loss) for the period before taxes | 9903 | -€13,226 | -€13,393 | -€167 | -1.3% |
| Income taxes | 67/77 | - | €485 | +€485 | |
| Profit (loss) for the period | 9904 | -€13,226 | -€13,878 | -€652 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,226 | -€13,878 | -€652 | -4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.