VITULUS: 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.
VITULUS
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-73.1%), from €2.0m to €537,432
- Receivables after one year +€1.1m
up €1.1m (+20.8%), from €5.1m to €6.2m
- Cash -€702,271
down €702,271 (-30.8%), from €2.3m to €1.6m
mainly Contributions, distributions and other (-€2.9m) and Other debts (-€1.3m)
- Other debts -€1.3m
down €1.3m (-58.2%), from €2.2m to €900,000
- Financial income +€1.4m
up €1.4m (+84.6%), from €1.6m to €3.0m
- Gross operating margin -€105,142
down €105,142 (-41.7%), from €251,931 to €146,789
- Taxes -€20,263
down €20,263 (-21.5%), from €94,197 to €73,934
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,909,748 | €28,811,680 | -€1.1m | -3.7% |
| Fixed assets | 21/28 | €20,500,777 | €20,500,777 | = | 0.0% |
| Financial fixed assets | 28 | €20,500,777 | €20,500,777 | = | 0.0% |
| Current assets | 29/58 | €9,408,971 | €8,310,903 | -€1.1m | -11.7% |
| Amounts receivable after more than one year | 29 | €5,127,150 | €6,193,997 | +€1.1m | +20.8% |
| Other amounts receivable | 291 | €5,127,150 | €6,193,997 | +€1.1m | +20.8% |
| Amounts receivable within one year | 40/41 | €2,000,076 | €537,432 | -€1.5m | -73.1% |
| Other amounts receivable | 41 | €2,000,076 | €537,432 | -€1.5m | -73.1% |
| Cash at bank and in hand | 54/58 | €2,281,745 | €1,579,474 | -€702,271 | -30.8% |
| Total equity and liabilities | 10/49 | €29,909,748 | €28,811,680 | -€1.1m | -3.7% |
| Equity | 10/15 | €27,562,019 | €27,739,152 | +€177,133 | +0.6% |
| Contributions | 10/11 | €26,422,405 | €26,422,405 | = | 0.0% |
| Capital | 10 | €26,422,405 | €26,422,405 | = | 0.0% |
| Issued capital | 100 | €26,422,405 | €26,422,405 | = | 0.0% |
| Reserves | 13 | €646,449 | €700,305 | +€53,857 | +8.3% |
| Non-distributable reserves | 130/1 | €646,449 | €700,305 | +€53,857 | +8.3% |
| Legal reserve | 130 | €302,965 | €356,822 | +€53,857 | +17.8% |
| Other | 1319 | €343,483 | €343,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | €493,165 | €616,441 | +€123,276 | +25.0% |
| Amounts payable | 17/49 | €2,347,729 | €1,072,528 | -€1.3m | -54.3% |
| Amounts payable within one year | 42/48 | €2,327,729 | €1,072,528 | -€1.3m | -53.9% |
| Trade debts | 44 | €63,069 | €595 | -€62,474 | -99.1% |
| Suppliers | 440/4 | €63,069 | €595 | -€62,474 | -99.1% |
| Taxes, remuneration and social security | 45 | €113,284 | €171,933 | +€58,649 | +51.8% |
| Taxes | 450/3 | €113,284 | €171,933 | +€58,649 | +51.8% |
| Other amounts payable | 47/48 | €2,151,376 | €900,000 | -€1.3m | -58.2% |
| Accrued charges and deferred income | 492/3 | €20,000 | - | -€20,000 | |
| Other operating charges | 640/8 | - | €1,318 | +€1,318 | |
| Gross operating margin | 9900 | €251,931 | €146,789 | -€105,142 | -41.7% |
| Operating profit (loss) | 9901 | €251,931 | €145,471 | -€106,460 | -42.3% |
| Financial income | 75/76B | €1,601,096 | €2,956,101 | +€1.4m | +84.6% |
| Recurring financial income | 75 | €1,601,096 | €2,956,101 | +€1.4m | +84.6% |
| Financial charges | 65/66B | €64 | €505 | +€441 | +688.4% |
| Recurring financial charges | 65 | €64 | €505 | +€441 | +688.4% |
| Profit (loss) for the period before taxes | 9903 | €1,852,963 | €3,101,067 | +€1.2m | +67.4% |
| Income taxes | 67/77 | €94,197 | €73,934 | -€20,263 | -21.5% |
| Profit (loss) for the period | 9904 | €1,758,766 | €3,027,133 | +€1.3m | +72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,758,766 | €3,027,133 | +€1.3m | +72.1% |
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 29 September 2026 via checked.be.