Vespanest: 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.
Vespanest
Largest movements
- Cash +€68,321
up €68,321 (+170.4%), from €40,086 to €108,407
mainly Net result for the year (+€62,739) and Deferred charges and accrued income (+€17,566)
- Tangible fixed assets +€23,359
new in 2025: €23,359
- Deferred charges and accrued income -€17,566
down €17,566 (-97.4%), from €18,026 to €460
- Receivables within one year +€3,646
up €3,646 (+81.0%), from €4,501 to €8,147
of which Trade receivables: +€8,147
- Profit (loss) carried forward +€62,739
up €62,739 (+108.5%), from €57,825 to €120,564
- Tax, wage and social debts +€16,725
up €16,725 (+6968.9%), from €240 to €16,965
- Gross operating margin +€6,836
up €6,836 (+8.9%), from €76,420 to €83,256
- Taxes +€1,521
up €1,521 (+9.8%), from €15,524 to €17,045
- Depreciation +€1,346
up €1,346 (+91.3%), from €1,475 to €2,821
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 | €62,612 | €140,372 | +€77,760 | +124.2% |
| Fixed assets | 21/28 | - | €23,359 | +€23,359 | |
| Tangible fixed assets | 22/27 | - | €23,359 | +€23,359 | |
| Furniture and vehicles | 24 | - | €23,359 | +€23,359 | |
| Current assets | 29/58 | €62,612 | €117,013 | +€54,401 | +86.9% |
| Amounts receivable within one year | 40/41 | €4,501 | €8,147 | +€3,646 | +81.0% |
| Trade receivables | 40 | - | €8,147 | +€8,147 | |
| Other amounts receivable | 41 | €4,501 | - | -€4,501 | |
| Cash at bank and in hand | 54/58 | €40,086 | €108,407 | +€68,321 | +170.4% |
| Deferred charges and accrued income | 490/1 | €18,026 | €460 | -€17,566 | -97.4% |
| Total equity and liabilities | 10/49 | €62,612 | €140,372 | +€77,760 | +124.2% |
| Equity | 10/15 | €60,325 | €123,064 | +€62,739 | +104.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,825 | €120,564 | +€62,739 | +108.5% |
| Amounts payable | 17/49 | €2,288 | €17,308 | +€15,021 | +656.5% |
| Amounts payable within one year | 42/48 | €2,288 | €17,148 | +€14,861 | +649.6% |
| Trade debts | 44 | €720 | - | -€720 | |
| Suppliers | 440/4 | €720 | - | -€720 | |
| Taxes, remuneration and social security | 45 | €240 | €16,965 | +€16,725 | +6968.9% |
| Taxes | 450/3 | €240 | €16,965 | +€16,725 | +6968.9% |
| Other amounts payable | 47/48 | €1,328 | €183 | -€1,145 | -86.2% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,475 | €2,821 | +€1,346 | +91.3% |
| Other operating charges | 640/8 | €118 | €864 | +€746 | +632.1% |
| Gross operating margin | 9900 | €76,420 | €83,256 | +€6,836 | +8.9% |
| Operating profit (loss) | 9901 | €74,827 | €79,571 | +€4,744 | +6.3% |
| Financial income | 75/76B | €81 | €345 | +€264 | +326.9% |
| Recurring financial income | 75 | €81 | €345 | +€264 | +326.9% |
| Financial charges | 65/66B | €10 | €133 | +€123 | +1223.8% |
| Recurring financial charges | 65 | €10 | €133 | +€123 | +1223.8% |
| Profit (loss) for the period before taxes | 9903 | €74,898 | €79,784 | +€4,885 | +6.5% |
| Income taxes | 67/77 | €15,524 | €17,045 | +€1,521 | +9.8% |
| Profit (loss) for the period | 9904 | €59,375 | €62,739 | +€3,364 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,375 | €62,739 | +€3,364 | +5.7% |
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 11 October 2026 via checked.be.