IMMO VASTA: 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.
IMMO VASTA
Largest movements
- Tangible fixed assets -€58,616
down €58,616 (-8.2%), from €714,238 to €655,623
of which Land and buildings: -€50,700
- Cash +€18,717
up €18,717 (+28.4%), from €65,979 to €84,696
mainly Depreciation (+€65,633) and Net result for the year (+€53,724)
- Receivables within one year +€14,594
up €14,594 (+8.4%), from €173,719 to €188,312
of which Trade receivables: +€10,012
- Debts after one year -€41,666
down €41,666 (-7.6%), from €545,949 to €504,283
of which Financial debts: -€44,066
- Reserves +€23,724
up €23,724 (+12.2%), from €193,733 to €217,457
- Accrued charges and deferred income -€10,180
down €10,180 (-92.2%), from €11,042 to €863
- Staff costs -€31,078
down €31,078 (-6.4%), from €484,184 to €453,105
- Gross operating margin -€19,393
down €19,393 (-3.1%), from €626,326 to €606,933
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 | €954,748 | €932,571 | -€22,176 | -2.3% |
| Fixed assets | 21/28 | €714,639 | €656,023 | -€58,616 | -8.2% |
| Tangible fixed assets | 22/27 | €714,238 | €655,623 | -€58,616 | -8.2% |
| Land and buildings | 22 | €673,658 | €622,958 | -€50,700 | -7.5% |
| Plant, machinery and equipment | 23 | €14,992 | €9,309 | -€5,683 | -37.9% |
| Furniture and vehicles | 24 | €25,589 | €23,356 | -€2,233 | -8.7% |
| Financial fixed assets | 28 | €401 | €401 | = | 0.0% |
| Current assets | 29/58 | €240,109 | €276,548 | +€36,439 | +15.2% |
| Amounts receivable within one year | 40/41 | €173,719 | €188,312 | +€14,594 | +8.4% |
| Trade receivables | 40 | €153,736 | €163,748 | +€10,012 | +6.5% |
| Other amounts receivable | 41 | €19,982 | €24,564 | +€4,582 | +22.9% |
| Cash at bank and in hand | 54/58 | €65,979 | €84,696 | +€18,717 | +28.4% |
| Deferred charges and accrued income | 490/1 | €411 | €3,540 | +€3,128 | +761% |
| Total equity and liabilities | 10/49 | €954,748 | €932,571 | -€22,176 | -2.3% |
| Equity | 10/15 | €273,733 | €297,457 | +€23,724 | +8.7% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €193,733 | €217,457 | +€23,724 | +12.2% |
| Distributable reserves | 133 | €193,733 | €217,457 | +€23,724 | +12.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €681,015 | €635,114 | -€45,901 | -6.7% |
| Amounts payable after more than one year | 17 | €545,949 | €504,283 | -€41,666 | -7.6% |
| Financial debts | 170/4 | €545,949 | €501,883 | -€44,066 | -8.1% |
| Other amounts payable | 178/9 | - | €2,400 | +€2,400 | |
| Amounts payable within one year | 42/48 | €124,023 | €129,969 | +€5,945 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €43,215 | €44,066 | +€851 | +2.0% |
| Trade debts | 44 | €7,013 | €14,442 | +€7,429 | +106% |
| Suppliers | 440/4 | €7,013 | €14,442 | +€7,429 | +106% |
| Taxes, remuneration and social security | 45 | €41,396 | €40,652 | -€744 | -1.8% |
| Taxes | 450/3 | - | €57 | +€57 | |
| Remuneration and social security | 454/9 | €41,396 | €40,594 | -€801 | -1.9% |
| Other amounts payable | 47/48 | €32,400 | €30,809 | -€1,591 | -4.9% |
| Accrued charges and deferred income | 492/3 | €11,042 | €863 | -€10,180 | -92.2% |
| Remuneration, social security and pensions | 62 | €484,184 | €453,105 | -€31,078 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,672 | €65,633 | -€1,039 | -1.6% |
| Other operating charges | 640/8 | €3,624 | €8,328 | +€4,704 | +130% |
| Non-recurring operating charges | 66A | €988 | €0 | -€988 | -100% |
| Gross operating margin | 9900 | €626,326 | €606,933 | -€19,393 | -3.1% |
| Operating profit (loss) | 9901 | €70,859 | €79,866 | +€9,007 | +12.7% |
| Financial charges | 65/66B | €13,212 | €12,085 | -€1,128 | -8.5% |
| Recurring financial charges | 65 | €13,212 | €12,085 | -€1,128 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €57,647 | €67,782 | +€10,135 | +17.6% |
| Income taxes | 67/77 | €11,148 | €14,057 | +€2,909 | +26.1% |
| Profit (loss) for the period | 9904 | €46,498 | €53,724 | +€7,226 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,498 | €53,724 | +€7,226 | +15.5% |
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 13 October 2026 via checked.be.