VESITE: 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.
What changed
VESITE
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€41,317
2024 · €24,416-€65,734
Equity
€3.5m
2024 · €3.5m-€41,317
Cash
€30
2024 · €314-€283
Balance sheet total
€6.6m
2024 · €6.5m+€112,639
Largest movements
Assets
- Receivables within one year +€355,184
up €355,184 (+437%), from €81,195 to €436,378
of which Other amounts receivable: +€221,685
- Tangible fixed assets -€243,421
down €243,421 (-3.8%), from €6.4m to €6.2m
of which Land and buildings: -€220,751
Equity and liabilities
- Revaluation surpluses -€120,088
down €120,088 (-3.6%), from €3.3m to €3.2m
- Reserves +€120,088
up €120,088 (+97.2%), from €123,536 to €243,623
of which Distributable reserves: +€120,088
Income statement
- Depreciation +€118,608
up €118,608 (+95.0%), from €124,813 to €243,421
- Gross operating margin +€77,662
up €77,662 (+36.2%), from €214,551 to €292,213
- Taxes +€22,716
up €22,716 (+381%), from €5,958 to €28,674
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.
Result 2024
€24,416
Gross operating margin
+€77,662
Staff costs
+€500
Depreciation
-€118,608
Other operating charges
-€680
Financial income
+€77
Financial charges
-€1,968
Taxes
-€22,716
Result 2025
-€41,317
raises the resultlowers the result
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.
From operations
-€84,951
Investment
+€135
Financing
+€84,533
Cash 2024
€314
From operations (derived)
-€84,951
Net result for the year
-€41,317
Depreciation
+€243,421
Receivables within one year
-€355,184
Deferred charges and accrued income
-€1,295
Trade debts
+€35,676
Tax, wage and social debts
+€19,097
Other debts
-€7,007
Accrued charges and deferred income
+€21,658
Investment (derived)
+€135
Investment in fixed assets (net)
+€135
Financing
+€84,533
Debts after one year
+€56,901
Current portion of long-term debt
+€27,575
Short-term financial debts
+€58
Cash 2025
€30
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,505,178 | €6,617,817 | +€112,639 | +1.7% |
| Fixed assets | 21/28 | €6,421,906 | €6,178,350 | -€243,556 | -3.8% |
| Tangible fixed assets | 22/27 | €6,421,771 | €6,178,350 | -€243,421 | -3.8% |
| Land and buildings | 22 | €3,953,832 | €3,733,081 | -€220,751 | -5.6% |
| Plant, machinery and equipment | 23 | €218,030 | €195,360 | -€22,670 | -10.4% |
| Assets under construction and advance payments | 27 | €2,249,910 | €2,249,910 | = | 0.0% |
| Financial fixed assets | 28 | €135 | - | -€135 | |
| Current assets | 29/58 | €83,272 | €439,467 | +€356,195 | +428% |
| Amounts receivable within one year | 40/41 | €81,195 | €436,378 | +€355,184 | +437% |
| Trade receivables | 40 | €18,947 | €152,446 | +€133,499 | +705% |
| Other amounts receivable | 41 | €62,247 | €283,932 | +€221,685 | +356% |
| Cash at bank and in hand | 54/58 | €314 | €30 | -€283 | -90.3% |
| Deferred charges and accrued income | 490/1 | €1,764 | €3,058 | +€1,295 | +73.4% |
| Total equity and liabilities | 10/49 | €6,505,178 | €6,617,817 | +€112,639 | +1.7% |
| Equity | 10/15 | €3,502,956 | €3,461,638 | -€41,317 | -1.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €3,329,913 | €3,209,825 | -€120,088 | -3.6% |
| Reserves | 13 | €123,536 | €243,623 | +€120,088 | +97.2% |
| Non-distributable reserves | 130/1 | €3,448 | €3,448 | = | 0.0% |
| Legal reserve | 130 | €3,448 | €3,448 | = | 0.0% |
| Distributable reserves | 133 | €120,088 | €240,175 | +€120,088 | +100% |
| Profit (loss) carried forward | 14 | -€11,993 | -€53,310 | -€41,317 | -345% |
| Amounts payable | 17/49 | €3,002,223 | €3,156,179 | +€153,956 | +5.1% |
| Amounts payable after more than one year | 17 | €2,006,063 | €2,062,963 | +€56,901 | +2.8% |
| Financial debts | 170/4 | €2,006,063 | €2,062,963 | +€56,901 | +2.8% |
| Amounts payable within one year | 42/48 | €996,160 | €1,071,558 | +€75,398 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €165,241 | €192,816 | +€27,575 | +16.7% |
| Financial debts | 43 | - | €58 | +€58 | |
| Credit institutions | 430/8 | - | €58 | +€58 | |
| Trade debts | 44 | €651,699 | €687,375 | +€35,676 | +5.5% |
| Suppliers | 440/4 | €651,699 | €687,375 | +€35,676 | +5.5% |
| Taxes, remuneration and social security | 45 | €15,536 | €34,633 | +€19,097 | +123% |
| Taxes | 450/3 | €8,223 | €34,633 | +€26,410 | +321% |
| Remuneration and social security | 454/9 | €7,313 | - | -€7,313 | |
| Other amounts payable | 47/48 | €163,684 | €156,677 | -€7,007 | -4.3% |
| Accrued charges and deferred income | 492/3 | - | €21,658 | +€21,658 | |
| Non-recurring operating income | 76A | - | €9,578 | +€9,578 | |
| Remuneration, social security and pensions | 62 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,813 | €243,421 | +€118,608 | +95.0% |
| Other operating charges | 640/8 | €62 | €742 | +€680 | +1,097% |
| Gross operating margin | 9900 | €214,551 | €292,213 | +€77,662 | +36.2% |
| Operating profit (loss) | 9901 | €89,176 | €48,050 | -€41,126 | -46.1% |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €58,801 | €60,770 | +€1,968 | +3.3% |
| Recurring financial charges | 65 | €58,801 | €60,770 | +€1,968 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €30,375 | -€12,643 | -€43,018 | |
| Income taxes | 67/77 | €5,958 | €28,674 | +€22,716 | +381% |
| Profit (loss) for the period | 9904 | €24,416 | -€41,317 | -€65,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,416 | -€41,317 | -€65,734 |
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 13 October 2026 via checked.be.