IMMO 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.
IMMO VESTA
Largest movements
- Cash +€26,429
up €26,429 (+100%), from €26,365 to €52,794
mainly Net result for the year (+€60,239) and Tax, wage and social debts (+€1,905)
- Receivables within one year +€6,584
up €6,584 (+77.1%), from €8,535 to €15,119
of which Trade receivables: +€6,662
- Deferred charges and accrued income +€1,329
new in 2025: €1,329
- Profit (loss) carried forward +€48,273
no longer reported in 2025 (was -€48,273)
- Other debts -€27,793
down €27,793 (-44.8%), from €61,976 to €34,183
- Reserves +€11,966
up €11,966 (+159%), from €7,504 to €19,470
of which Distributable reserves: +€11,966
- Tax, wage and social debts +€1,905
up €1,905 (+33.7%), from €5,646 to €7,552
of which Remuneration and social security: +€2,483
- Gross operating margin +€36,802
up €36,802 (+133%), from €27,716 to €64,518
- Taxes +€2,245
up €2,245 (+1,821%), from €123 to €2,368
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 | €35,728 | €70,706 | +€34,977 | +97.9% |
| Fixed assets | 21/28 | €829 | €1,464 | +€635 | +76.7% |
| Tangible fixed assets | 22/27 | €829 | €1,464 | +€635 | +76.7% |
| Furniture and vehicles | 24 | €829 | €1,464 | +€635 | +76.7% |
| Current assets | 29/58 | €34,900 | €69,242 | +€34,342 | +98.4% |
| Amounts receivable within one year | 40/41 | €8,535 | €15,119 | +€6,584 | +77.1% |
| Trade receivables | 40 | €8,457 | €15,119 | +€6,662 | +78.8% |
| Other amounts receivable | 41 | €78 | - | -€78 | |
| Cash at bank and in hand | 54/58 | €26,365 | €52,794 | +€26,429 | +100% |
| Deferred charges and accrued income | 490/1 | - | €1,329 | +€1,329 | |
| Total equity and liabilities | 10/49 | €35,728 | €70,706 | +€34,977 | +97.9% |
| Equity | 10/15 | -€32,093 | €28,146 | +€60,239 | |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €7,504 | €19,470 | +€11,966 | +159% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €5,645 | €17,611 | +€11,966 | +212% |
| Profit (loss) carried forward | 14 | -€48,273 | - | +€48,273 | |
| Amounts payable | 17/49 | €67,821 | €42,559 | -€25,262 | -37.2% |
| Amounts payable within one year | 42/48 | €67,821 | €42,559 | -€25,262 | -37.2% |
| Trade debts | 44 | €199 | €824 | +€626 | +314% |
| Suppliers | 440/4 | €199 | €824 | +€626 | +314% |
| Taxes, remuneration and social security | 45 | €5,646 | €7,552 | +€1,905 | +33.7% |
| Taxes | 450/3 | €5,646 | €5,069 | -€577 | -10.2% |
| Remuneration and social security | 454/9 | - | €2,483 | +€2,483 | |
| Other amounts payable | 47/48 | €61,976 | €34,183 | -€27,793 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €521 | +€24 | +4.9% |
| Other operating charges | 640/8 | €760 | €647 | -€114 | -15.0% |
| Gross operating margin | 9900 | €27,716 | €64,518 | +€36,802 | +133% |
| Operating profit (loss) | 9901 | €26,459 | €63,350 | +€36,891 | +139% |
| Financial income | 75/76B | €0 | €1 | +€1 | +300% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +300% |
| Financial charges | 65/66B | €689 | €744 | +€54 | +7.9% |
| Recurring financial charges | 65 | €689 | €744 | +€54 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €25,770 | €62,608 | +€36,837 | +143% |
| Income taxes | 67/77 | €123 | €2,368 | +€2,245 | +1,821% |
| Profit (loss) for the period | 9904 | €25,647 | €60,239 | +€34,592 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €25,647 | €60,239 | +€34,592 | +135% |
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 20 October 2026 via checked.be.