VASTEGA: 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.
VASTEGA
Largest movements
- Cash +€113,078
up €113,078 (+122%), from €92,520 to €205,597
mainly Trade debts (+€178,144) and Depreciation (+€97,294)
- Tangible fixed assets -€85,064
down €85,064 (-14.5%), from €585,650 to €500,585
of which Plant, machinery and equipment: -€66,732
- Receivables within one year +€36,264
up €36,264 (+66.2%), from €54,785 to €91,049
of which Trade receivables: +€39,191
- Trade debts +€178,144
up €178,144 (+865%), from €20,604 to €198,749
- Debts after one year -€85,170
down €85,170 (-20.2%), from €420,651 to €335,481
- Profit (loss) carried forward -€29,629
down €29,629 (-21.7%), from €136,379 to €106,750
- Tax, wage and social debts +€10,495
up €10,495 (+14.5%), from €72,259 to €82,754
of which Remuneration and social security: +€10,642
- Staff costs +€55,850
up €55,850 (+12.4%), from €450,613 to €506,463
- Gross operating margin -€38,297
down €38,297 (-5.1%), from €749,005 to €710,708
- Other operating charges -€37,812
down €37,812 (-86.0%), from €43,991 to €6,179
- Taxes -€10,156
down €10,156 (-26.3%), from €38,565 to €28,409
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 | €780,760 | €847,561 | +€66,801 | +8.6% |
| Fixed assets | 21/28 | €585,907 | €500,843 | -€85,064 | -14.5% |
| Tangible fixed assets | 22/27 | €585,650 | €500,585 | -€85,064 | -14.5% |
| Land and buildings | 22 | €272,984 | €259,469 | -€13,515 | -5.0% |
| Plant, machinery and equipment | 23 | €287,792 | €221,060 | -€66,732 | -23.2% |
| Furniture and vehicles | 24 | €24,874 | €20,057 | -€4,817 | -19.4% |
| Financial fixed assets | 28 | €258 | €258 | = | 0.0% |
| Current assets | 29/58 | €194,852 | €346,717 | +€151,865 | +77.9% |
| Stocks and contracts in progress | 3 | €40,770 | €46,245 | +€5,475 | +13.4% |
| Stocks | 30/36 | €40,770 | €46,245 | +€5,475 | +13.4% |
| Amounts receivable within one year | 40/41 | €54,785 | €91,049 | +€36,264 | +66.2% |
| Trade receivables | 40 | €43,327 | €82,519 | +€39,191 | +90.5% |
| Other amounts receivable | 41 | €11,458 | €8,531 | -€2,927 | -25.5% |
| Cash at bank and in hand | 54/58 | €92,520 | €205,597 | +€113,078 | +122% |
| Deferred charges and accrued income | 490/1 | €6,777 | €3,826 | -€2,952 | -43.6% |
| Total equity and liabilities | 10/49 | €780,760 | €847,561 | +€66,801 | +8.6% |
| Equity | 10/15 | €175,035 | €145,407 | -€29,629 | -16.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €16,656 | €16,656 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,233 | €13,233 | = | 0.0% |
| Distributable reserves | 133 | €3,423 | €3,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,379 | €106,750 | -€29,629 | -21.7% |
| Amounts payable | 17/49 | €605,725 | €702,154 | +€96,429 | +15.9% |
| Amounts payable after more than one year | 17 | €420,651 | €335,481 | -€85,170 | -20.2% |
| Financial debts | 170/4 | €420,651 | €335,481 | -€85,170 | -20.2% |
| Amounts payable within one year | 42/48 | €185,073 | €366,673 | +€181,599 | +98.1% |
| Current portion of amounts payable after more than one year | 42 | €92,210 | €85,170 | -€7,040 | -7.6% |
| Trade debts | 44 | €20,604 | €198,749 | +€178,144 | +865% |
| Suppliers | 440/4 | €20,604 | €198,749 | +€178,144 | +865% |
| Taxes, remuneration and social security | 45 | €72,259 | €82,754 | +€10,495 | +14.5% |
| Taxes | 450/3 | €14,150 | €14,003 | -€147 | -1.0% |
| Remuneration and social security | 454/9 | €58,109 | €68,751 | +€10,642 | +18.3% |
| Remuneration, social security and pensions | 62 | €450,613 | €506,463 | +€55,850 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,010 | €97,294 | -€3,716 | -3.7% |
| Other operating charges | 640/8 | €43,991 | €6,179 | -€37,812 | -86.0% |
| Gross operating margin | 9900 | €749,005 | €710,708 | -€38,297 | -5.1% |
| Operating profit (loss) | 9901 | €153,391 | €100,772 | -€52,619 | -34.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.3% |
| Financial charges | 65/66B | €15,968 | €16,491 | +€523 | +3.3% |
| Recurring financial charges | 65 | €15,968 | €16,491 | +€523 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €137,424 | €84,281 | -€53,143 | -38.7% |
| Income taxes | 67/77 | €38,565 | €28,409 | -€10,156 | -26.3% |
| Profit (loss) for the period | 9904 | €98,858 | €55,871 | -€42,987 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €98,858 | €55,871 | -€42,987 | -43.5% |
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 22 October 2026 via checked.be.