VESNO: what changed
Two fiscal 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.
VESNO
Largest movements
- Tangible fixed assets -€34,826
down €34,826 (-10.9%), from €318,582 to €283,756
of which Land and buildings: -€34,711
- Cash +€6,495
up €6,495 (+9.7%), from €67,023 to €73,519
mainly Depreciation (+€34,826) and Net result for the year (+€10,356)
- Debts after one year -€22,071
down €22,071 (-11.4%), from €193,909 to €171,837
- Other debts -€17,303
down €17,303 (-13.2%), from €131,303 to €114,000
- Profit (loss) carried forward +€10,356
up €10,356 (+82.4%), from -€12,568 to -€2,212
- Gross operating margin +€7,337
up €7,337 (+15.7%), from €46,833 to €54,170
- Depreciation -€1,510
down €1,510 (-4.2%), from €36,336 to €34,826
- Financial charges -€600
down €600 (-8.7%), from €6,855 to €6,255
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.
Cash bridge derived
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 | €385,907 | €357,683 | -€28,224 | -7.3% |
| Fixed assets | 21/28 | €318,582 | €283,756 | -€34,826 | -10.9% |
| Tangible fixed assets | 22/27 | €318,582 | €283,756 | -€34,826 | -10.9% |
| Land and buildings | 22 | €318,467 | €283,756 | -€34,711 | -10.9% |
| Furniture and vehicles | 24 | €115 | - | -€115 | |
| Current assets | 29/58 | €67,325 | €73,927 | +€6,601 | +9.8% |
| Amounts receivable within one year | 40/41 | €55 | €150 | +€95 | +172.2% |
| Other amounts receivable | 41 | €55 | €150 | +€95 | +172.2% |
| Cash at bank and in hand | 54/58 | €67,023 | €73,519 | +€6,495 | +9.7% |
| Deferred charges and accrued income | 490/1 | €247 | €258 | +€11 | +4.4% |
| Total equity and liabilities | 10/49 | €385,907 | €357,683 | -€28,224 | -7.3% |
| Equity | 10/15 | €37,432 | €47,788 | +€10,356 | +27.7% |
| Contributions | 10/11 | €46,200 | €46,200 | = | 0.0% |
| Reserves | 13 | €3,800 | €3,800 | = | 0.0% |
| Distributable reserves | 133 | €3,800 | €3,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,568 | -€2,212 | +€10,356 | +82.4% |
| Amounts payable | 17/49 | €348,475 | €309,894 | -€38,580 | -11.1% |
| Amounts payable after more than one year | 17 | €193,909 | €171,837 | -€22,071 | -11.4% |
| Financial debts | 170/4 | €193,909 | €171,837 | -€22,071 | -11.4% |
| Amounts payable within one year | 42/48 | €152,817 | €136,252 | -€16,564 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €21,430 | €22,071 | +€641 | +3.0% |
| Trade debts | 44 | €84 | €181 | +€97 | +116.2% |
| Suppliers | 440/4 | €84 | €181 | +€97 | +116.2% |
| Other amounts payable | 47/48 | €131,303 | €114,000 | -€17,303 | -13.2% |
| Accrued charges and deferred income | 492/3 | €1,749 | €1,805 | +€55 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,336 | €34,826 | -€1,510 | -4.2% |
| Other operating charges | 640/8 | €3,168 | €3,233 | +€65 | +2.0% |
| Gross operating margin | 9900 | €46,833 | €54,170 | +€7,337 | +15.7% |
| Operating profit (loss) | 9901 | €7,329 | €16,111 | +€8,782 | +119.8% |
| Financial income | 75/76B | €184 | €500 | +€316 | +172.2% |
| Recurring financial income | 75 | €184 | €500 | +€316 | +172.2% |
| Financial charges | 65/66B | €6,855 | €6,255 | -€600 | -8.7% |
| Recurring financial charges | 65 | €6,855 | €6,255 | -€600 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €658 | €10,356 | +€9,698 | +1473.5% |
| Profit (loss) for the period | 9904 | €658 | €10,356 | +€9,698 | +1473.5% |
| Profit (loss) for the period to be appropriated | 9905 | €658 | €10,356 | +€9,698 | +1473.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.