VITII: 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.
VITII
Largest movements
- Receivables within one year +€53,733
up €53,733 (+40.6%), from €132,403 to €186,135
of which Trade receivables: +€36,188
- Profit (loss) carried forward -€624,626
down €624,626 (-64.4%), from -€969,864 to -€1.6m
- Short-term financial debts +€350,000
up €350,000 (+233.3%), from €150,000 to €500,000
- Trade debts +€180,375
up €180,375 (+64.8%), from €278,418 to €458,794
- Contributions +€125,000
up €125,000 (+5.0%), from €2.5m to €2.6m
- Accrued charges and deferred income +€28,539
up €28,539 (+3543.9%), from €805 to €29,344
- Depreciation -€364,515
down €364,515 (-89.4%), from €407,843 to €43,328
- Staff costs -€71,012
down €71,012 (-16.9%), from €419,019 to €348,007
- Gross operating margin -€59,406
down €59,406 (-43.5%), from -€136,451 to -€195,857
- Financial charges +€27,888
up €27,888 (+1624.6%), from €1,717 to €29,605
- Other operating charges +€6,566
up €6,566 (+5206.8%), from €126 to €6,692
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 | €2,000,692 | €2,047,803 | +€47,111 | +2.4% |
| Fixed assets | 21/28 | €1,598,760 | €1,588,522 | -€10,237 | -0.6% |
| Intangible fixed assets | 21 | €1,456,239 | €1,441,702 | -€14,537 | -1.0% |
| Tangible fixed assets | 22/27 | €142,520 | €146,820 | +€4,300 | +3.0% |
| Plant, machinery and equipment | 23 | €8,016 | €3,823 | -€4,194 | -52.3% |
| Furniture and vehicles | 24 | €7,401 | €3,714 | -€3,687 | -49.8% |
| Assets under construction and advance payments | 27 | €127,103 | €139,283 | +€12,180 | +9.6% |
| Current assets | 29/58 | €401,933 | €459,281 | +€57,349 | +14.3% |
| Stocks and contracts in progress | 3 | €219,825 | €208,579 | -€11,246 | -5.1% |
| Stocks | 30/36 | €219,825 | €208,579 | -€11,246 | -5.1% |
| Amounts receivable within one year | 40/41 | €132,403 | €186,135 | +€53,733 | +40.6% |
| Trade receivables | 40 | €132,403 | €168,591 | +€36,188 | +27.3% |
| Other amounts receivable | 41 | - | €17,545 | +€17,545 | |
| Cash at bank and in hand | 54/58 | €44,160 | €61,859 | +€17,699 | +40.1% |
| Deferred charges and accrued income | 490/1 | €5,545 | €2,708 | -€2,837 | -51.2% |
| Total equity and liabilities | 10/49 | €2,000,692 | €2,047,803 | +€47,111 | +2.4% |
| Equity | 10/15 | €1,530,136 | €1,030,510 | -€499,626 | -32.7% |
| Contributions | 10/11 | €2,500,000 | €2,625,000 | +€125,000 | +5.0% |
| Profit (loss) carried forward | 14 | -€969,864 | -€1,594,490 | -€624,626 | -64.4% |
| Amounts payable | 17/49 | €470,556 | €1,017,294 | +€546,737 | +116.2% |
| Amounts payable within one year | 42/48 | €469,751 | €987,949 | +€518,198 | +110.3% |
| Financial debts | 43 | €150,000 | €500,000 | +€350,000 | +233.3% |
| Other loans | 439 | €150,000 | €500,000 | +€350,000 | +233.3% |
| Trade debts | 44 | €278,418 | €458,794 | +€180,375 | +64.8% |
| Suppliers | 440/4 | €278,418 | €458,794 | +€180,375 | +64.8% |
| Taxes, remuneration and social security | 45 | €41,333 | €29,155 | -€12,177 | -29.5% |
| Taxes | 450/3 | €505 | €1,113 | +€608 | +120.3% |
| Remuneration and social security | 454/9 | €40,828 | €28,043 | -€12,785 | -31.3% |
| Accrued charges and deferred income | 492/3 | €805 | €29,344 | +€28,539 | +3543.9% |
| Remuneration, social security and pensions | 62 | €419,019 | €348,007 | -€71,012 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407,843 | €43,328 | -€364,515 | -89.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,256 | €0 | -€4,256 | -100.0% |
| Other operating charges | 640/8 | €126 | €6,692 | +€6,566 | +5206.8% |
| Non-recurring operating charges | 66A | - | €506 | +€506 | |
| Gross operating margin | 9900 | -€136,451 | -€195,857 | -€59,406 | -43.5% |
| Operating profit (loss) | 9901 | -€967,695 | -€594,391 | +€373,304 | +38.6% |
| Financial income | 75/76B | €381 | €137 | -€244 | -64.0% |
| Recurring financial income | 75 | €381 | €137 | -€244 | -64.0% |
| Financial charges | 65/66B | €1,717 | €29,605 | +€27,888 | +1624.6% |
| Recurring financial charges | 65 | €1,717 | €29,605 | +€27,888 | +1624.6% |
| Profit (loss) for the period before taxes | 9903 | -€969,030 | -€623,858 | +€345,172 | +35.6% |
| Income taxes | 67/77 | €834 | €768 | -€66 | -7.9% |
| Profit (loss) for the period | 9904 | -€969,864 | -€624,626 | +€345,238 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€969,864 | -€624,626 | +€345,238 | +35.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.