GROUP VESTIO: 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.
GROUP VESTIO
Largest movements
- Receivables within one year -€3.9m
down €3.9m (-76.3%), from €5.1m to €1.2m
- Cash -€424,420
down €424,420 (-69.8%), from €608,176 to €183,756
mainly Other debts (-€4.1m) and Investment in fixed assets (net) (-€200,000)
- Financial fixed assets +€200,000
up €200,000 (+194%), from €103,192 to €303,192
- Other debts -€4.1m
down €4.1m (-66.6%), from €6.1m to €2.0m
- Other operating charges +€24,358
up €24,358 (+724%), from €3,365 to €27,723
- Taxes +€20,896
up €20,896 (+1,417%), from €1,475 to €22,371
- Financial income -€13,794
down €13,794 (-56.7%), from €24,317 to €10,524
- Gross operating margin -€12,575
down €12,575 (-21.7%), from €58,016 to €45,441
- Financial charges -€2,668
down €2,668 (-69.0%), from €3,866 to €1,199
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 | €9,141,885 | €5,040,138 | -€4.1m | -44.9% |
| Fixed assets | 21/28 | €103,192 | €303,192 | +€200,000 | +194% |
| Financial fixed assets | 28 | €103,192 | €303,192 | +€200,000 | +194% |
| Current assets | 29/58 | €9,038,693 | €4,736,945 | -€4.3m | -47.6% |
| Stocks and contracts in progress | 3 | €3,281,727 | €3,325,679 | +€43,952 | +1.3% |
| Stocks | 30/36 | €3,281,727 | €3,325,679 | +€43,952 | +1.3% |
| Amounts receivable within one year | 40/41 | €5,145,116 | €1,220,510 | -€3.9m | -76.3% |
| Other amounts receivable | 41 | €5,145,116 | €1,220,510 | -€3.9m | -76.3% |
| Cash at bank and in hand | 54/58 | €608,176 | €183,756 | -€424,420 | -69.8% |
| Deferred charges and accrued income | 490/1 | €3,674 | €7,000 | +€3,326 | +90.5% |
| Total equity and liabilities | 10/49 | €9,141,885 | €5,040,138 | -€4.1m | -44.9% |
| Equity | 10/15 | €2,576,632 | €2,581,303 | +€4,671 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,508,432 | €2,513,103 | +€4,671 | +0.2% |
| Amounts payable | 17/49 | €6,565,253 | €2,458,834 | -€4.1m | -62.5% |
| Amounts payable within one year | 42/48 | €6,564,910 | €2,458,834 | -€4.1m | -62.5% |
| Financial debts | 43 | €405,000 | €405,000 | = | 0.0% |
| Credit institutions | 430/8 | €405,000 | €405,000 | = | 0.0% |
| Trade debts | 44 | €11,319 | €7,000 | -€4,319 | -38.2% |
| Suppliers | 440/4 | €11,319 | €7,000 | -€4,319 | -38.2% |
| Taxes, remuneration and social security | 45 | €37,612 | €7,422 | -€30,189 | -80.3% |
| Taxes | 450/3 | €37,612 | €7,422 | -€30,189 | -80.3% |
| Other amounts payable | 47/48 | €6,110,980 | €2,039,412 | -€4.1m | -66.6% |
| Accrued charges and deferred income | 492/3 | €343 | - | -€343 | |
| Non-recurring operating income | 76A | - | €16,742 | +€16,742 | |
| Other operating charges | 640/8 | €3,365 | €27,723 | +€24,358 | +724% |
| Non-recurring operating charges | 66A | €70,026 | - | -€70,026 | |
| Gross operating margin | 9900 | €58,016 | €45,441 | -€12,575 | -21.7% |
| Operating profit (loss) | 9901 | -€15,375 | €17,718 | +€33,093 | |
| Financial income | 75/76B | €24,317 | €10,524 | -€13,794 | -56.7% |
| Recurring financial income | 75 | €24,317 | €10,524 | -€13,794 | -56.7% |
| Financial charges | 65/66B | €3,866 | €1,199 | -€2,668 | -69.0% |
| Recurring financial charges | 65 | €3,866 | €1,199 | -€2,668 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €5,076 | €27,043 | +€21,967 | +433% |
| Income taxes | 67/77 | €1,475 | €22,371 | +€20,896 | +1,417% |
| Profit (loss) for the period | 9904 | €3,601 | €4,671 | +€1,070 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,601 | €4,671 | +€1,070 | +29.7% |
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 28 October 2026 via checked.be.