VYTREE: 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.
VYTREE
Largest movements
- Financial fixed assets +€900,000
up €900,000 (+10.6%), from €8.5m to €9.4m
- Receivables within one year -€549,806
down €549,806 (-85.6%), from €642,212 to €92,407
of which Trade receivables: -€538,962
- Other debts +€1.9m
new in 2025: €1.9m
- Current portion of long-term debt -€1.5m
down €1.5m (-73.6%), from €2.1m to €553,334
- Debts after one year -€553,334
down €553,334 (-13.5%), from €4.1m to €3.5m
- Profit (loss) carried forward +€505,480
up €505,480, from -€495,370 to €10,110
- Accrued charges and deferred income +€139,668
up €139,668 (+216.4%), from €64,538 to €204,206
- Turnover +€1.1m
new in 2025: €1.1m
- Services and other goods +€776,703
new in 2025: €776,703
- Financial income +€508,968
up €508,968 (+1226.8%), from €41,487 to €550,455
- Gross operating margin -€240,533
no longer reported in 2025 (was €240,533)
- Staff costs -€44,566
down €44,566 (-94.8%), from €46,987 to €2,422
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,138,339 | €9,490,245 | +€351,906 | +3.9% |
| Fixed assets | 21/28 | €8,485,001 | €9,385,001 | +€900,000 | +10.6% |
| Financial fixed assets | 28 | €8,485,001 | €9,385,001 | +€900,000 | +10.6% |
| Affiliated companies | 280/1 | - | €9,385,001 | +€9.4m | |
| Participating interests | 280 | - | €9,385,001 | +€9.4m | |
| Current assets | 29/58 | €653,338 | €105,244 | -€548,094 | -83.9% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €642,212 | €92,407 | -€549,806 | -85.6% |
| Trade receivables | 40 | €617,238 | €78,276 | -€538,962 | -87.3% |
| Other amounts receivable | 41 | €24,974 | €14,130 | -€10,844 | -43.4% |
| Cash at bank and in hand | 54/58 | €11,126 | €12,323 | +€1,198 | +10.8% |
| Deferred charges and accrued income | 490/1 | €0 | €514 | +€514 | |
| Total equity and liabilities | 10/49 | €9,138,339 | €9,490,245 | +€351,906 | +3.9% |
| Equity | 10/15 | €2,504,630 | €3,010,110 | +€505,480 | +20.2% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€495,370 | €10,110 | +€505,480 | |
| Amounts payable | 17/49 | €6,633,709 | €6,480,135 | -€153,574 | -2.3% |
| Amounts payable after more than one year | 17 | €4,084,998 | €3,531,664 | -€553,334 | -13.5% |
| Financial debts | 170/4 | €4,084,998 | €3,531,664 | -€553,334 | -13.5% |
| Credit institutions | 173 | - | €2,531,664 | +€2.5m | |
| Other loans | 174 | - | €1,000,000 | +€1,000,000 | |
| Amounts payable within one year | 42/48 | €2,484,173 | €2,744,265 | +€260,092 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €2,092,590 | €553,334 | -€1.5m | -73.6% |
| Trade debts | 44 | €386,598 | €284,075 | -€102,523 | -26.5% |
| Suppliers | 440/4 | €386,598 | €284,075 | -€102,523 | -26.5% |
| Taxes, remuneration and social security | 45 | €4,984 | €8,144 | +€3,160 | +63.4% |
| Taxes | 450/3 | - | €8,144 | +€8,144 | |
| Remuneration and social security | 454/9 | €4,984 | €0 | -€4,984 | -100.0% |
| Other amounts payable | 47/48 | - | €1,898,711 | +€1.9m | |
| Accrued charges and deferred income | 492/3 | €64,538 | €204,206 | +€139,668 | +216.4% |
| Operating income | 70/76A | - | €1,107,037 | +€1.1m | |
| Turnover | 70 | - | €1,107,037 | +€1.1m | |
| Other operating income | 74 | - | €0 | = | |
| Operating charges | 60/66A | - | €780,465 | +€780,465 | |
| Services and other goods | 61 | - | €776,703 | +€776,703 | |
| Remuneration, social security and pensions | 62 | €46,987 | €2,422 | -€44,566 | -94.8% |
| Other operating charges | 640/8 | €0 | €1,340 | +€1,340 | |
| Gross operating margin | 9900 | €240,533 | - | -€240,533 | |
| Operating profit (loss) | 9901 | €193,545 | €326,572 | +€133,027 | +68.7% |
| Financial income | 75/76B | €41,487 | €550,455 | +€508,968 | +1226.8% |
| Recurring financial income | 75 | €41,487 | €550,455 | +€508,968 | +1226.8% |
| Income from financial fixed assets | 750 | - | €550,000 | +€550,000 | |
| Income from current assets | 751 | - | €455 | +€455 | |
| Financial charges | 65/66B | €365,569 | €371,547 | +€5,978 | +1.6% |
| Recurring financial charges | 65 | €365,569 | €371,547 | +€5,978 | +1.6% |
| Debt charges | 650 | - | €370,430 | +€370,430 | |
| Other financial charges | 652/9 | - | €1,116 | +€1,116 | |
| Profit (loss) for the period before taxes | 9903 | -€130,536 | €505,480 | +€636,016 | |
| Profit (loss) for the period | 9904 | -€130,536 | €505,480 | +€636,016 | |
| Profit (loss) for the period to be appropriated | 9905 | -€130,536 | €505,480 | +€636,016 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.