IL VESPINO: 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.
IL VESPINO
Largest movements
- Receivables within one year -€5,571
down €5,571 (-4.9%), from €113,190 to €107,619
of which Other amounts receivable: -€8,021
- Tangible fixed assets -€3,187
down €3,187 (-14.5%), from €21,965 to €18,778
of which Furniture and vehicles: -€1,872
- Cash +€2,856
up €2,856 (+37.4%), from €7,632 to €10,488
mainly Contributions, distributions and other (+€70,694) and Net result for the year (+€6,995)
- Profit (loss) carried forward +€77,689
up €77,689, from -€66,806 to €10,883
- Other debts -€39,197
down €39,197 (-70.2%), from €55,809 to €16,612
- Tax, wage and social debts -€31,326
down €31,326 (-75.8%), from €41,330 to €10,004
- Short-term financial debts -€9,000
down €9,000 (-100%), from €9,000 to €0
- Accrued charges and deferred income -€3,660
no longer reported in 2025 (was €3,660)
- Purchases and services -€261,308
down €261,308 (-59.7%), from €437,708 to €176,400
- Turnover -€254,302
down €254,302 (-54.2%), from €469,192 to €214,890
- Write-downs +€25,076
up €25,076, from €0 to €25,076
- Gross operating margin +€11,454
up €11,454 (+36.4%), from €31,484 to €42,938
- Taxes -€5,778
down €5,778 (-55.7%), from €10,367 to €4,589
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 | €144,162 | €136,885 | -€7,277 | -5.0% |
| Fixed assets | 21/28 | €21,965 | €18,778 | -€3,187 | -14.5% |
| Tangible fixed assets | 22/27 | €21,965 | €18,778 | -€3,187 | -14.5% |
| Plant, machinery and equipment | 23 | €7,715 | €6,651 | -€1,064 | -13.8% |
| Furniture and vehicles | 24 | €9,237 | €7,365 | -€1,872 | -20.3% |
| Other tangible fixed assets | 26 | €5,013 | €4,762 | -€251 | -5.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €122,197 | €118,107 | -€4,090 | -3.3% |
| Stocks and contracts in progress | 3 | €1,375 | €0 | -€1,375 | -100% |
| Stocks | 30/36 | €1,375 | €0 | -€1,375 | -100% |
| Amounts receivable within one year | 40/41 | €113,190 | €107,619 | -€5,571 | -4.9% |
| Trade receivables | 40 | €88,729 | €91,179 | +€2,450 | +2.8% |
| Other amounts receivable | 41 | €24,461 | €16,440 | -€8,021 | -32.8% |
| Cash at bank and in hand | 54/58 | €7,632 | €10,488 | +€2,856 | +37.4% |
| Total equity and liabilities | 10/49 | €144,162 | €136,885 | -€7,277 | -5.0% |
| Equity | 10/15 | -€54,809 | €22,880 | +€77,689 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,997 | €6,997 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,997 | €6,997 | = | 0.0% |
| Legal reserve | 130 | €6,997 | €6,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,806 | €10,883 | +€77,689 | |
| Amounts payable | 17/49 | €198,971 | €114,005 | -€84,966 | -42.7% |
| Amounts payable within one year | 42/48 | €195,311 | €114,005 | -€81,306 | -41.6% |
| Financial debts | 43 | €9,000 | €0 | -€9,000 | -100% |
| Credit institutions | 430/8 | €9,000 | €0 | -€9,000 | -100% |
| Trade debts | 44 | €89,172 | €87,389 | -€1,783 | -2.0% |
| Suppliers | 440/4 | €89,172 | €87,389 | -€1,783 | -2.0% |
| Taxes, remuneration and social security | 45 | €41,330 | €10,004 | -€31,326 | -75.8% |
| Taxes | 450/3 | €41,330 | €10,004 | -€31,326 | -75.8% |
| Other amounts payable | 47/48 | €55,809 | €16,612 | -€39,197 | -70.2% |
| Accrued charges and deferred income | 492/3 | €3,660 | - | -€3,660 | |
| Turnover | 70 | €469,192 | €214,890 | -€254,302 | -54.2% |
| Non-recurring operating income | 76A | - | €4,448 | +€4,448 | |
| Goods, raw materials, services and sundry goods | 60/61 | €437,708 | €176,400 | -€261,308 | -59.7% |
| Remuneration, social security and pensions | 62 | €240 | - | -€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,187 | €3,186 | -€1 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €25,076 | +€25,076 | |
| Other operating charges | 640/8 | €175 | €962 | +€787 | +450% |
| Non-recurring operating charges | 66A | €90,027 | €250 | -€89,777 | -99.7% |
| Gross operating margin | 9900 | €31,484 | €42,938 | +€11,454 | +36.4% |
| Operating profit (loss) | 9901 | -€62,145 | €13,464 | +€75,609 | |
| Financial income | 75/76B | €3,588 | - | -€3,588 | |
| Recurring financial income | 75 | €3,588 | - | -€3,588 | |
| Financial charges | 65/66B | €3,566 | €1,880 | -€1,686 | -47.3% |
| Recurring financial charges | 65 | €3,566 | €1,880 | -€1,686 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | -€62,123 | €11,584 | +€73,707 | |
| Income taxes | 67/77 | €10,367 | €4,589 | -€5,778 | -55.7% |
| Profit (loss) for the period | 9904 | -€72,490 | €6,995 | +€79,485 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,490 | €6,995 | +€79,485 |
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 24 October 2026 via checked.be.