AS Vesta: 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.
AS Vesta
Largest movements
- Cash +€16,980
up €16,980 (+59.5%), from €28,548 to €45,528
mainly Net result for the year (+€14,953) and Receivables within one year (+€2,164)
- Receivables within one year -€2,164
down €2,164 (-48.4%), from €4,471 to €2,307
of which Trade receivables: -€1,873
- Reserves +€14,120
up €14,120 (+65.8%), from €21,469 to €35,588
- Other debts +€781
up €781 (+102%), from €768 to €1,548
- Gross operating margin -€15,360
down €15,360 (-43.2%), from €35,575 to €20,215
- Taxes -€1,982
down €1,982 (-30.9%), from €6,418 to €4,436
- Other operating charges +€399
up €399 (+109%), from €366 to €764
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.
Derived cash bridge
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 | €33,851 | €48,668 | +€14,817 | +43.8% |
| Current assets | 29/58 | €33,851 | €48,668 | +€14,817 | +43.8% |
| Amounts receivable within one year | 40/41 | €4,471 | €2,307 | -€2,164 | -48.4% |
| Trade receivables | 40 | €4,180 | €2,307 | -€1,873 | -44.8% |
| Other amounts receivable | 41 | €291 | €0 | -€291 | -100% |
| Cash at bank and in hand | 54/58 | €28,548 | €45,528 | +€16,980 | +59.5% |
| Deferred charges and accrued income | 490/1 | €833 | €833 | +€0 | +0.1% |
| Total equity and liabilities | 10/49 | €33,851 | €48,668 | +€14,817 | +43.8% |
| Equity | 10/15 | €25,469 | €39,588 | +€14,120 | +55.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €21,469 | €35,588 | +€14,120 | +65.8% |
| Distributable reserves | 133 | €21,469 | €35,588 | +€14,120 | +65.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,383 | €9,080 | +€697 | +8.3% |
| Amounts payable within one year | 42/48 | €8,383 | €9,080 | +€697 | +8.3% |
| Trade debts | 44 | €940 | €1,037 | +€97 | +10.3% |
| Suppliers | 440/4 | €940 | €1,037 | +€97 | +10.3% |
| Taxes, remuneration and social security | 45 | €6,675 | €6,495 | -€180 | -2.7% |
| Taxes | 450/3 | €6,675 | €6,495 | -€180 | -2.7% |
| Other amounts payable | 47/48 | €768 | €1,548 | +€781 | +102% |
| Other operating charges | 640/8 | €366 | €764 | +€399 | +109% |
| Gross operating margin | 9900 | €35,575 | €20,215 | -€15,360 | -43.2% |
| Operating profit (loss) | 9901 | €35,210 | €19,451 | -€15,758 | -44.8% |
| Financial charges | 65/66B | €45 | €63 | +€18 | +39.2% |
| Recurring financial charges | 65 | €45 | €63 | +€18 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €35,165 | €19,389 | -€15,776 | -44.9% |
| Income taxes | 67/77 | €6,418 | €4,436 | -€1,982 | -30.9% |
| Profit (loss) for the period | 9904 | €28,747 | €14,953 | -€13,794 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,747 | €14,953 | -€13,794 | -48.0% |
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 16 October 2026 via checked.be.