Vytim: 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.
What changed
Vytim
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€495,600
2024 · -€126,556-€369,044
Equity
€4.5m
2024 · €3.2m+€1.3m
Cash
€46,017
2024 · €213,668-€167,651
Balance sheet total
€18.5m
2024 · €16.3m+€2.2m
Largest movements
Assets
- Financial fixed assets +€2.2m
up €2.2m (+14.3%), from €15.8m to €18.0m
- Intangible fixed assets +€207,642
new in 2025: €207,642
Equity and liabilities
- Revaluation surpluses +€1.8m
new in 2025: €1.8m
- Other debts +€755,355
up €755,355 (+6.3%), from €12.0m to €12.7m
- Profit (loss) carried forward -€495,600
down €495,600 (-35.5%), from -€1.4m to -€1.9m
Income statement
- Services and other goods +€397,796
up €397,796 (+12.0%), from €3.3m to €3.7m
- Financial charges -€245,558
down €245,558 (-36.3%), from €676,577 to €431,019
- Turnover -€180,000
down €180,000 (-4.5%), from €4.0m to €3.8m
- Staff costs +€91,114
up €91,114 (+52.7%), from €173,006 to €264,120
- Other operating income +€44,351
up €44,351 (+986.5%), from €4,496 to €48,847
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.
Result 2024
-€126,556
Turnover
-€180,000
Other operating income
+€44,351
Services and other goods
-€397,796
Staff costs
-€91,114
Depreciation
-€5,517
Other operating charges
-€31
Financial income
+€15,928
Financial charges
+€245,558
Taxes
-€424
Result 2025
-€495,600
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.
From operations
+€479,411
Investment
-€2.5m
Financing
+€1.9m
Cash 2024
€213,668
From operations (derived)
+€479,411
Net result for the year
-€495,600
Depreciation
+€15,214
Receivables within one year
+€61,030
Deferred charges and accrued income
+€19,862
Trade debts
+€108,328
Tax, wage and social debts
+€15,223
Other debts
+€755,355
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€1.9m
Debts after one year
+€4,520
Current portion of long-term debt
+€57,520
Contributions, distributions and other
+€1.8m
Cash 2025
€46,017
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,285,658 | €18,531,003 | +€2.2m | +13.8% |
| Formation expenses | 20 | €4,033 | €0 | -€4,033 | -100.0% |
| Fixed assets | 21/28 | €15,799,194 | €18,297,115 | +€2.5m | +15.8% |
| Intangible fixed assets | 21 | - | €207,642 | +€207,642 | |
| Tangible fixed assets | 22/27 | €29,983 | €72,566 | +€42,583 | +142.0% |
| Furniture and vehicles | 24 | - | €17,288 | +€17,288 | |
| Other tangible fixed assets | 26 | €29,983 | €55,278 | +€25,295 | +84.4% |
| Financial fixed assets | 28 | €15,769,211 | €18,016,907 | +€2.2m | +14.3% |
| Affiliated companies | 280/1 | €15,769,211 | €18,016,907 | +€2.2m | +14.3% |
| Participating interests | 280 | €14,650,928 | €16,450,928 | +€1.8m | +12.3% |
| Amounts receivable | 281 | €1,118,283 | €1,565,979 | +€447,696 | +40.0% |
| Current assets | 29/58 | €482,430 | €233,888 | -€248,543 | -51.5% |
| Amounts receivable within one year | 40/41 | €99,533 | €38,503 | -€61,030 | -61.3% |
| Trade receivables | 40 | €42,929 | - | -€42,929 | |
| Other amounts receivable | 41 | €56,604 | €38,503 | -€18,101 | -32.0% |
| Cash at bank and in hand | 54/58 | €213,668 | €46,017 | -€167,651 | -78.5% |
| Deferred charges and accrued income | 490/1 | €169,229 | €149,368 | -€19,862 | -11.7% |
| Total equity and liabilities | 10/49 | €16,285,658 | €18,531,003 | +€2.2m | +13.8% |
| Equity | 10/15 | €3,170,417 | €4,474,817 | +€1.3m | +41.1% |
| Contributions | 10/11 | €4,564,739 | €4,564,739 | = | 0.0% |
| Capital | 10 | €4,564,739 | €4,564,739 | = | 0.0% |
| Issued capital | 100 | €4,564,739 | €4,564,739 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,800,000 | +€1.8m | |
| Profit (loss) carried forward | 14 | -€1,394,322 | -€1,889,922 | -€495,600 | -35.5% |
| Amounts payable | 17/49 | €13,115,241 | €14,056,186 | +€940,945 | +7.2% |
| Amounts payable after more than one year | 17 | €816,971 | €821,491 | +€4,520 | +0.6% |
| Financial debts | 170/4 | €816,971 | €821,491 | +€4,520 | +0.6% |
| Credit institutions | 173 | €816,971 | €821,491 | +€4,520 | +0.6% |
| Amounts payable within one year | 42/48 | €12,298,271 | €13,234,695 | +€936,424 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €183,029 | €240,549 | +€57,520 | +31.4% |
| Trade debts | 44 | €123,415 | €231,742 | +€108,328 | +87.8% |
| Suppliers | 440/4 | €123,415 | €231,742 | +€108,328 | +87.8% |
| Taxes, remuneration and social security | 45 | €13,877 | €29,100 | +€15,223 | +109.7% |
| Remuneration and social security | 454/9 | €13,877 | €29,100 | +€15,223 | +109.7% |
| Other amounts payable | 47/48 | €11,977,949 | €12,733,304 | +€755,355 | +6.3% |
| Operating income | 70/76A | €4,000,496 | €3,864,847 | -€135,649 | -3.4% |
| Turnover | 70 | €3,996,000 | €3,816,000 | -€180,000 | -4.5% |
| Other operating income | 74 | €4,496 | €48,847 | +€44,351 | +986.5% |
| Operating charges | 60/66A | €3,489,007 | €3,983,465 | +€494,458 | +14.2% |
| Services and other goods | 61 | €3,305,337 | €3,703,133 | +€397,796 | +12.0% |
| Remuneration, social security and pensions | 62 | €173,006 | €264,120 | +€91,114 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,697 | €15,214 | +€5,517 | +56.9% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | €511,489 | -€118,618 | -€630,106 | |
| Financial income | 75/76B | €38,532 | €54,460 | +€15,928 | +41.3% |
| Recurring financial income | 75 | €38,532 | €54,460 | +€15,928 | +41.3% |
| Income from financial fixed assets | 750 | - | €10,000 | +€10,000 | |
| Income from current assets | 751 | €38,532 | €44,460 | +€5,928 | +15.4% |
| Financial charges | 65/66B | €676,577 | €431,019 | -€245,558 | -36.3% |
| Recurring financial charges | 65 | €676,577 | €431,019 | -€245,558 | -36.3% |
| Debt charges | 650 | €665,930 | €428,541 | -€237,389 | -35.6% |
| Other financial charges | 652/9 | €10,647 | €2,478 | -€8,170 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | -€126,556 | -€495,177 | -€368,620 | -291.3% |
| Income taxes | 67/77 | - | €424 | +€424 | |
| Taxes | 670/3 | - | €424 | +€424 | |
| Profit (loss) for the period | 9904 | -€126,556 | -€495,600 | -€369,044 | -291.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,556 | -€495,600 | -€369,044 | -291.6% |
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 3 October 2026 via checked.be.