Vesper: 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.
Vesper
Largest movements
- Receivables within one year +€12,294
up €12,294 (+5.8%), from €211,829 to €224,122
of which Other amounts receivable: +€6,536
- Cash +€11,118
up €11,118 (+1,112%), from €1,000 to €12,118
mainly Net result for the year (+€33,919) and Depreciation (+€6,278)
- Reserves +€33,919
up €33,919 (+26.1%), from €130,166 to €164,085
of which Distributable reserves: +€33,919
- Tax, wage and social debts -€7,044
down €7,044 (-35.6%), from €19,793 to €12,749
- Other debts -€5,000
down €5,000 (-7.7%), from €65,123 to €60,123
- Gross operating margin +€4,459
up €4,459 (+8.9%), from €49,943 to €54,403
- Taxes +€2,490
up €2,490 (+21.7%), from €11,459 to €13,949
- Depreciation +€1,860
up €1,860 (+42.1%), from €4,418 to €6,278
- Financial income +€813
up €813 (+36.1%), from €2,251 to €3,064
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 | €252,761 | €276,711 | +€23,950 | +9.5% |
| Fixed assets | 21/28 | €34,614 | €34,402 | -€212 | -0.6% |
| Tangible fixed assets | 22/27 | €34,614 | €34,402 | -€212 | -0.6% |
| Land and buildings | 22 | €23,841 | €20,745 | -€3,097 | -13.0% |
| Plant, machinery and equipment | 23 | €631 | €1,580 | +€950 | +151% |
| Furniture and vehicles | 24 | €10,142 | €7,577 | -€2,565 | -25.3% |
| Other tangible fixed assets | 26 | - | €4,500 | +€4,500 | |
| Current assets | 29/58 | €218,147 | €242,309 | +€24,163 | +11.1% |
| Amounts receivable within one year | 40/41 | €211,829 | €224,122 | +€12,294 | +5.8% |
| Trade receivables | 40 | €162,538 | €168,296 | +€5,758 | +3.5% |
| Other amounts receivable | 41 | €49,291 | €55,826 | +€6,536 | +13.3% |
| Cash at bank and in hand | 54/58 | €1,000 | €12,118 | +€11,118 | +1,112% |
| Deferred charges and accrued income | 490/1 | €5,318 | €6,069 | +€751 | +14.1% |
| Total equity and liabilities | 10/49 | €252,761 | €276,711 | +€23,950 | +9.5% |
| Equity | 10/15 | €136,366 | €170,285 | +€33,919 | +24.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,166 | €164,085 | +€33,919 | +26.1% |
| Tax-exempt reserves | 132 | €21,050 | €21,050 | = | 0.0% |
| Distributable reserves | 133 | €109,116 | €143,035 | +€33,919 | +31.1% |
| Amounts payable | 17/49 | €116,395 | €106,427 | -€9,968 | -8.6% |
| Amounts payable within one year | 42/48 | €114,778 | €104,058 | -€10,720 | -9.3% |
| Financial debts | 43 | €110 | €309 | +€200 | +181% |
| Credit institutions | 430/8 | €110 | €309 | +€200 | +181% |
| Trade debts | 44 | €29,752 | €30,877 | +€1,124 | +3.8% |
| Suppliers | 440/4 | €29,752 | €30,877 | +€1,124 | +3.8% |
| Taxes, remuneration and social security | 45 | €19,793 | €12,749 | -€7,044 | -35.6% |
| Taxes | 450/3 | €19,793 | €12,749 | -€7,044 | -35.6% |
| Other amounts payable | 47/48 | €65,123 | €60,123 | -€5,000 | -7.7% |
| Accrued charges and deferred income | 492/3 | €1,617 | €2,369 | +€752 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,418 | €6,278 | +€1,860 | +42.1% |
| Other operating charges | 640/8 | €884 | €860 | -€24 | -2.7% |
| Gross operating margin | 9900 | €49,943 | €54,403 | +€4,459 | +8.9% |
| Operating profit (loss) | 9901 | €44,642 | €47,264 | +€2,623 | +5.9% |
| Financial income | 75/76B | €2,251 | €3,064 | +€813 | +36.1% |
| Recurring financial income | 75 | €2,251 | €3,064 | +€813 | +36.1% |
| Financial charges | 65/66B | €2,651 | €2,461 | -€190 | -7.2% |
| Recurring financial charges | 65 | €2,651 | €2,461 | -€190 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €44,242 | €47,868 | +€3,625 | +8.2% |
| Income taxes | 67/77 | €11,459 | €13,949 | +€2,490 | +21.7% |
| Profit (loss) for the period | 9904 | €32,783 | €33,919 | +€1,136 | +3.5% |
| Transfer to tax-exempt reserves | 689 | €21,050 | €0 | -€21,050 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €11,733 | €33,919 | +€22,186 | +189% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.