IMMO VASTRO: 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 VASTRO
Largest movements
- Cash -€350,530
down €350,530 (-59.7%), from €587,445 to €236,915
mainly Contributions, distributions and other (-€480,000) and Other debts (-€204,395)
- Receivables within one year -€242,557
down €242,557 (-41.1%), from €590,767 to €348,210
- Tangible fixed assets +€47,116
up €47,116 (+22.5%), from €209,177 to €256,293
- Reserves -€379,888
down €379,888 (-80.4%), from €472,727 to €92,839
of which Distributable reserves: -€379,888
- Other debts -€204,395
down €204,395 (-29.6%), from €689,760 to €485,365
- Trade debts +€16,882
up €16,882 (+2082.4%), from €811 to €17,693
- Tax, wage and social debts +€14,397
new in 2025: €14,397
- Gross operating margin -€1.2m
down €1.2m (-87.7%), from €1.3m to €164,394
- Taxes -€278,836
down €278,836 (-89.0%), from €313,233 to €34,397
- Depreciation -€38,236
down €38,236 (-73.9%), from €51,726 to €13,491
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 | €1,396,102 | €845,745 | -€550,357 | -39.4% |
| Fixed assets | 21/28 | €209,177 | €256,293 | +€47,116 | +22.5% |
| Tangible fixed assets | 22/27 | €209,177 | €256,293 | +€47,116 | +22.5% |
| Land and buildings | 22 | €209,177 | €256,293 | +€47,116 | +22.5% |
| Current assets | 29/58 | €1,186,926 | €589,453 | -€597,473 | -50.3% |
| Amounts receivable within one year | 40/41 | €590,767 | €348,210 | -€242,557 | -41.1% |
| Other amounts receivable | 41 | €590,767 | €348,210 | -€242,557 | -41.1% |
| Cash at bank and in hand | 54/58 | €587,445 | €236,915 | -€350,530 | -59.7% |
| Deferred charges and accrued income | 490/1 | €8,713 | €4,328 | -€4,386 | -50.3% |
| Total equity and liabilities | 10/49 | €1,396,102 | €845,745 | -€550,357 | -39.4% |
| Equity | 10/15 | €702,827 | €322,939 | -€379,888 | -54.1% |
| Contributions | 10/11 | €230,100 | €230,100 | = | 0.0% |
| Capital | 10 | €230,100 | €230,100 | = | 0.0% |
| Issued capital | 100 | €230,100 | €230,100 | = | 0.0% |
| Reserves | 13 | €472,727 | €92,839 | -€379,888 | -80.4% |
| Non-distributable reserves | 130/1 | €23,010 | €23,010 | = | 0.0% |
| Legal reserve | 130 | €23,010 | €23,010 | = | 0.0% |
| Distributable reserves | 133 | €449,717 | €69,829 | -€379,888 | -84.5% |
| Amounts payable | 17/49 | €693,275 | €522,806 | -€170,469 | -24.6% |
| Amounts payable within one year | 42/48 | €690,571 | €517,455 | -€173,117 | -25.1% |
| Trade debts | 44 | €811 | €17,693 | +€16,882 | +2082.4% |
| Suppliers | 440/4 | €811 | €17,693 | +€16,882 | +2082.4% |
| Taxes, remuneration and social security | 45 | - | €14,397 | +€14,397 | |
| Taxes | 450/3 | - | €14,397 | +€14,397 | |
| Other amounts payable | 47/48 | €689,760 | €485,365 | -€204,395 | -29.6% |
| Accrued charges and deferred income | 492/3 | €2,704 | €5,352 | +€2,648 | +97.9% |
| Remuneration, social security and pensions | 62 | €181 | €185 | +€4 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,726 | €13,491 | -€38,236 | -73.9% |
| Other operating charges | 640/8 | €26,364 | €17,257 | -€9,107 | -34.5% |
| Gross operating margin | 9900 | €1,331,713 | €164,394 | -€1.2m | -87.7% |
| Operating profit (loss) | 9901 | €1,253,442 | €133,462 | -€1.1m | -89.4% |
| Financial income | 75/76B | €0 | €1,050 | +€1,050 | +349900.0% |
| Recurring financial income | 75 | €0 | €1,050 | +€1,050 | +349900.0% |
| Financial charges | 65/66B | €2,679 | €3 | -€2,676 | -99.9% |
| Recurring financial charges | 65 | €2,679 | €3 | -€2,676 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €1,250,763 | €134,509 | -€1.1m | -89.2% |
| Income taxes | 67/77 | €313,233 | €34,397 | -€278,836 | -89.0% |
| Profit (loss) for the period | 9904 | €937,530 | €100,112 | -€837,419 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €937,530 | €100,112 | -€837,419 | -89.3% |
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 10 October 2026 via checked.be.