Vastigo: 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.
Vastigo
Largest movements
- Tangible fixed assets -€23,468
down €23,468 (-9.8%), from €240,048 to €216,579
- Cash -€22,321
down €22,321 (-68.9%), from €32,418 to €10,097
mainly Contributions, distributions and other (-€77,907) and Receivables within one year (-€21,921)
- Receivables within one year +€21,921
up €21,921 (+27.5%), from €79,651 to €101,572
of which Trade receivables: +€20,890
- Tax, wage and social debts -€18,767
down €18,767 (-75.8%), from €24,749 to €5,982
- Debts after one year -€15,266
down €15,266 (-10.2%), from €149,108 to €133,842
- Short-term financial debts +€10,047
new in 2025: €10,047
- Other debts -€5,986
down €5,986 (-5.7%), from €105,423 to €99,437
- Gross operating margin +€4,406
up €4,406 (+3.7%), from €119,374 to €123,781
- Depreciation -€1,432
down €1,432 (-7.3%), from €19,709 to €18,277
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 | €355,081 | €331,307 | -€23,773 | -6.7% |
| Fixed assets | 21/28 | €240,963 | €217,093 | -€23,870 | -9.9% |
| Intangible fixed assets | 21 | €713 | €312 | -€401 | -56.3% |
| Tangible fixed assets | 22/27 | €240,048 | €216,579 | -€23,468 | -9.8% |
| Land and buildings | 22 | €156,926 | €147,530 | -€9,396 | -6.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €16,132 | €7,135 | -€8,997 | -55.8% |
| Other tangible fixed assets | 26 | €66,990 | €61,915 | -€5,075 | -7.6% |
| Financial fixed assets | 28 | €202 | €202 | = | 0.0% |
| Current assets | 29/58 | €114,118 | €114,214 | +€96 | +0.1% |
| Amounts receivable within one year | 40/41 | €79,651 | €101,572 | +€21,921 | +27.5% |
| Trade receivables | 40 | €77,555 | €98,445 | +€20,890 | +26.9% |
| Other amounts receivable | 41 | €2,096 | €3,127 | +€1,031 | +49.2% |
| Cash at bank and in hand | 54/58 | €32,418 | €10,097 | -€22,321 | -68.9% |
| Deferred charges and accrued income | 490/1 | €2,049 | €2,545 | +€496 | +24.2% |
| Total equity and liabilities | 10/49 | €355,081 | €331,307 | -€23,773 | -6.7% |
| Equity | 10/15 | €47,200 | €47,200 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,600 | €28,600 | = | 0.0% |
| Distributable reserves | 133 | €28,600 | €28,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €307,881 | €284,107 | -€23,773 | -7.7% |
| Amounts payable after more than one year | 17 | €149,108 | €133,842 | -€15,266 | -10.2% |
| Financial debts | 170/4 | €149,108 | €133,842 | -€15,266 | -10.2% |
| Amounts payable within one year | 42/48 | €158,773 | €147,633 | -€11,139 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €15,066 | €15,266 | +€200 | +1.3% |
| Financial debts | 43 | - | €10,047 | +€10,047 | |
| Credit institutions | 430/8 | - | €10,047 | +€10,047 | |
| Trade debts | 44 | €13,534 | €16,901 | +€3,367 | +24.9% |
| Suppliers | 440/4 | €13,534 | €16,901 | +€3,367 | +24.9% |
| Taxes, remuneration and social security | 45 | €24,749 | €5,982 | -€18,767 | -75.8% |
| Taxes | 450/3 | €24,749 | €5,982 | -€18,767 | -75.8% |
| Other amounts payable | 47/48 | €105,423 | €99,437 | -€5,986 | -5.7% |
| Accrued charges and deferred income | 492/3 | - | €2,632 | +€2,632 | |
| Non-recurring operating income | 76A | - | €7,952 | +€7,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,709 | €18,277 | -€1,432 | -7.3% |
| Other operating charges | 640/8 | €2,141 | €2,538 | +€397 | +18.5% |
| Non-recurring operating charges | 66A | €752 | €1,147 | +€396 | +52.7% |
| Gross operating margin | 9900 | €119,374 | €123,781 | +€4,406 | +3.7% |
| Operating profit (loss) | 9901 | €96,772 | €101,818 | +€5,045 | +5.2% |
| Financial income | 75/76B | €332 | €7 | -€324 | -97.8% |
| Recurring financial income | 75 | €332 | €7 | -€324 | -97.8% |
| Financial charges | 65/66B | €2,823 | €2,787 | -€37 | -1.3% |
| Recurring financial charges | 65 | €2,823 | €2,787 | -€37 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €94,280 | €99,038 | +€4,758 | +5.0% |
| Income taxes | 67/77 | €21,102 | €21,131 | +€28 | +0.1% |
| Profit (loss) for the period | 9904 | €73,178 | €77,907 | +€4,729 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,178 | €77,907 | +€4,729 | +6.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.