VESALIMMO: 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.
VESALIMMO
Largest movements
- Tangible fixed assets -€17,350
down €17,350 (-4.4%), from €396,739 to €379,389
of which Land and buildings: -€11,069
- Profit (loss) carried forward -€10,271
down €10,271 (-14.7%), from €69,832 to €59,561
- Other debts -€9,269
down €9,269 (-3.0%), from €308,411 to €299,142
- Gross operating margin +€6,354
up €6,354 (+378%), from €1,683 to €8,038
- Other operating charges +€201
up €201 (+33.6%), from €597 to €797
- Depreciation +€189
up €189 (+1.1%), from €17,160 to €17,350
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 | €401,095 | €382,227 | -€18,867 | -4.7% |
| Fixed assets | 21/28 | €396,739 | €379,389 | -€17,350 | -4.4% |
| Tangible fixed assets | 22/27 | €396,739 | €379,389 | -€17,350 | -4.4% |
| Land and buildings | 22 | €350,863 | €339,794 | -€11,069 | -3.2% |
| Plant, machinery and equipment | 23 | €14,266 | €12,893 | -€1,373 | -9.6% |
| Furniture and vehicles | 24 | €31,610 | €26,702 | -€4,907 | -15.5% |
| Current assets | 29/58 | €4,356 | €2,838 | -€1,518 | -34.8% |
| Amounts receivable within one year | 40/41 | €2,393 | €2,393 | = | 0.0% |
| Other amounts receivable | 41 | €2,393 | €2,393 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,962 | €445 | -€1,518 | -77.3% |
| Total equity and liabilities | 10/49 | €401,095 | €382,227 | -€18,867 | -4.7% |
| Equity | 10/15 | €92,300 | €82,029 | -€10,271 | -11.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,468 | €2,468 | = | 0.0% |
| Distributable reserves | 133 | €2,468 | €2,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,832 | €59,561 | -€10,271 | -14.7% |
| Amounts payable | 17/49 | €308,795 | €300,198 | -€8,596 | -2.8% |
| Amounts payable within one year | 42/48 | €308,795 | €300,198 | -€8,596 | -2.8% |
| Trade debts | 44 | €384 | €1,057 | +€673 | +175% |
| Suppliers | 440/4 | €384 | €1,057 | +€673 | +175% |
| Other amounts payable | 47/48 | €308,411 | €299,142 | -€9,269 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,160 | €17,350 | +€189 | +1.1% |
| Other operating charges | 640/8 | €597 | €797 | +€201 | +33.6% |
| Gross operating margin | 9900 | €1,683 | €8,038 | +€6,354 | +378% |
| Operating profit (loss) | 9901 | -€16,073 | -€10,109 | +€5,964 | +37.1% |
| Financial charges | 65/66B | €165 | €162 | -€3 | -1.6% |
| Recurring financial charges | 65 | €165 | €162 | -€3 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,238 | -€10,271 | +€5,967 | +36.7% |
| Profit (loss) for the period | 9904 | -€16,238 | -€10,271 | +€5,967 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,238 | -€10,271 | +€5,967 | +36.7% |
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 19 October 2026 via checked.be.