VASTA PARTNERS: 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.
VASTA PARTNERS
Largest movements
- Current investments +€5.3m
new in 2025: €5.3m
- Tangible fixed assets -€3.0m
down €3.0m (-70.8%), from €4.2m to €1.2m
of which Land and buildings: -€3.0m
- Cash +€311,590
up €311,590 (+2,768%), from €11,257 to €322,847
mainly Investment in fixed assets (net) (+€2.9m) and Net result for the year (+€2.3m)
- Other debts +€1.5m
up €1.5m (+544%), from €276,565 to €1.8m
- Profit (loss) carried forward +€812,831
up €812,831, from -€812,763 to €67
- Tax, wage and social debts +€295,800
new in 2025: €295,800
- Gross operating margin +€2.9m
up €2.9m (+1,067,972%), from €274 to €2.9m
- Taxes +€505,470
new in 2025: €505,470
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 | €4,214,679 | €6,859,305 | +€2.6m | +62.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,202,922 | €1,228,706 | -€3.0m | -70.8% |
| Tangible fixed assets | 22/27 | €4,202,922 | €1,228,706 | -€3.0m | -70.8% |
| Land and buildings | 22 | €4,199,784 | €1,228,706 | -€3.0m | -70.7% |
| Furniture and vehicles | 24 | €3,138 | €0 | -€3,138 | -100% |
| Current assets | 29/58 | €11,757 | €5,630,599 | +€5.6m | +47,792% |
| Amounts receivable within one year | 40/41 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Current investments | 50/53 | - | €5,307,252 | +€5.3m | |
| Cash at bank and in hand | 54/58 | €11,257 | €322,847 | +€311,590 | +2,768% |
| Total equity and liabilities | 10/49 | €4,214,679 | €6,859,305 | +€2.6m | +62.7% |
| Equity | 10/15 | €2,505,837 | €3,318,667 | +€812,831 | +32.4% |
| Contributions | 10/11 | €3,318,600 | €3,318,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€812,763 | €67 | +€812,831 | |
| Amounts payable | 17/49 | €1,708,843 | €3,540,638 | +€1.8m | +107% |
| Amounts payable after more than one year | 17 | €1,375,000 | €1,375,000 | = | 0.0% |
| Financial debts | 170/4 | €1,375,000 | €1,375,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €332,664 | €2,165,638 | +€1.8m | +551% |
| Trade debts | 44 | €56,099 | €88,809 | +€32,710 | +58.3% |
| Suppliers | 440/4 | €56,099 | €88,809 | +€32,710 | +58.3% |
| Taxes, remuneration and social security | 45 | - | €295,800 | +€295,800 | |
| Taxes | 450/3 | - | €295,800 | +€295,800 | |
| Other amounts payable | 47/48 | €276,565 | €1,781,029 | +€1.5m | +544% |
| Accrued charges and deferred income | 492/3 | €1,178 | €0 | -€1,178 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,641 | €86,641 | = | 0.0% |
| Other operating charges | 640/8 | €2,146 | €43 | -€2,102 | -98.0% |
| Gross operating margin | 9900 | €274 | €2,931,324 | +€2.9m | +1,067,972% |
| Operating profit (loss) | 9901 | -€88,513 | €2,844,639 | +€2.9m | |
| Financial income | 75/76B | - | €10,360 | +€10,360 | |
| Recurring financial income | 75 | - | €10,360 | +€10,360 | |
| Financial charges | 65/66B | €76,505 | €58,699 | -€17,806 | -23.3% |
| Recurring financial charges | 65 | €76,505 | €58,699 | -€17,806 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | -€165,018 | €2,796,301 | +€3.0m | |
| Income taxes | 67/77 | - | €505,470 | +€505,470 | |
| Profit (loss) for the period | 9904 | -€165,018 | €2,290,831 | +€2.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€165,018 | €2,290,831 | +€2.5m |
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 14 October 2026 via checked.be.