New Vester: 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.
New Vester
Largest movements
- Cash -€58,517
down €58,517 (-87.3%), from €67,037 to €8,520
mainly Investment in fixed assets (net) (-€66,731) and Trade debts (-€21,235)
- Tangible fixed assets +€53,552
up €53,552 (+12.7%), from €423,255 to €476,807
- Other debts +€39,417
up €39,417 (+12.9%), from €305,036 to €344,454
- Trade debts -€21,235
down €21,235 (-58.3%), from €36,394 to €15,159
- Profit (loss) carried forward -€18,088
down €18,088 (-26.5%), from -€68,372 to -€86,460
- Debts after one year -€7,636
down €7,636 (-6.8%), from €111,675 to €104,039
- Depreciation +€4,445
up €4,445 (+50.9%), from €8,734 to €13,179
- Gross operating margin +€4,250
up €4,250, from -€2,987 to €1,263
- Financial charges +€1,770
up €1,770 (+55.4%), from €3,197 to €4,968
- Other operating charges -€913
down €913 (-43.1%), from €2,118 to €1,205
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 | €493,094 | €486,014 | -€7,080 | -1.4% |
| Fixed assets | 21/28 | €423,255 | €476,807 | +€53,552 | +12.7% |
| Tangible fixed assets | 22/27 | €423,255 | €476,807 | +€53,552 | +12.7% |
| Land and buildings | 22 | €423,255 | €476,807 | +€53,552 | +12.7% |
| Current assets | 29/58 | €69,839 | €9,207 | -€60,632 | -86.8% |
| Amounts receivable within one year | 40/41 | €740 | €0 | -€740 | -100% |
| Trade receivables | 40 | €740 | €0 | -€740 | -100% |
| Cash at bank and in hand | 54/58 | €67,037 | €8,520 | -€58,517 | -87.3% |
| Deferred charges and accrued income | 490/1 | €2,063 | €688 | -€1,375 | -66.7% |
| Total equity and liabilities | 10/49 | €493,094 | €486,014 | -€7,080 | -1.4% |
| Equity | 10/15 | €31,628 | €13,540 | -€18,088 | -57.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,372 | -€86,460 | -€18,088 | -26.5% |
| Amounts payable | 17/49 | €461,466 | €472,474 | +€11,008 | +2.4% |
| Amounts payable after more than one year | 17 | €111,675 | €104,039 | -€7,636 | -6.8% |
| Financial debts | 170/4 | €111,675 | €104,039 | -€7,636 | -6.8% |
| Amounts payable within one year | 42/48 | €348,763 | €367,249 | +€18,487 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €7,332 | €7,636 | +€304 | +4.1% |
| Trade debts | 44 | €36,394 | €15,159 | -€21,235 | -58.3% |
| Suppliers | 440/4 | €36,394 | €15,159 | -€21,235 | -58.3% |
| Other amounts payable | 47/48 | €305,036 | €344,454 | +€39,417 | +12.9% |
| Accrued charges and deferred income | 492/3 | €1,029 | €1,186 | +€157 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,734 | €13,179 | +€4,445 | +50.9% |
| Other operating charges | 640/8 | €2,118 | €1,205 | -€913 | -43.1% |
| Gross operating margin | 9900 | -€2,987 | €1,263 | +€4,250 | |
| Operating profit (loss) | 9901 | -€13,839 | -€13,121 | +€718 | +5.2% |
| Financial charges | 65/66B | €3,197 | €4,968 | +€1,770 | +55.4% |
| Recurring financial charges | 65 | €3,197 | €4,968 | +€1,770 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,036 | -€18,088 | -€1,052 | -6.2% |
| Profit (loss) for the period | 9904 | -€17,036 | -€18,088 | -€1,052 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,036 | -€18,088 | -€1,052 | -6.2% |
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.