VEST-IMMO: 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.
VEST-IMMO
Largest movements
- Tangible fixed assets -€9,009
down €9,009 (-1.1%), from €793,515 to €784,506
of which Land and buildings: -€11,623
- Debts after one year -€30,000
down €30,000 (-12.0%), from €250,000 to €220,000
- Profit (loss) carried forward +€11,689
up €11,689 (+18.8%), from -€62,036 to -€50,348
- Turnover +€1,930
up €1,930 (+3.2%), from €59,702 to €61,632
- Gross operating margin +€1,412
up €1,412 (+2.6%), from €54,715 to €56,127
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 | €802,767 | €789,692 | -€13,075 | -1.6% |
| Fixed assets | 21/28 | €793,515 | €784,506 | -€9,009 | -1.1% |
| Tangible fixed assets | 22/27 | €793,515 | €784,506 | -€9,009 | -1.1% |
| Land and buildings | 22 | €743,172 | €731,549 | -€11,623 | -1.6% |
| Plant, machinery and equipment | 23 | €50,343 | €52,699 | +€2,356 | +4.7% |
| Furniture and vehicles | 24 | - | €258 | +€258 | |
| Current assets | 29/58 | €9,252 | €5,186 | -€4,066 | -43.9% |
| Amounts receivable within one year | 40/41 | €5,349 | €610 | -€4,739 | -88.6% |
| Trade receivables | 40 | €5,349 | €610 | -€4,739 | -88.6% |
| Cash at bank and in hand | 54/58 | €3,903 | €4,576 | +€673 | +17.2% |
| Total equity and liabilities | 10/49 | €802,767 | €789,692 | -€13,075 | -1.6% |
| Equity | 10/15 | €337,964 | €349,652 | +€11,689 | +3.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,036 | -€50,348 | +€11,689 | +18.8% |
| Amounts payable | 17/49 | €464,803 | €440,040 | -€24,763 | -5.3% |
| Amounts payable after more than one year | 17 | €250,000 | €220,000 | -€30,000 | -12.0% |
| Financial debts | 170/4 | €250,000 | €220,000 | -€30,000 | -12.0% |
| Amounts payable within one year | 42/48 | €214,803 | €220,040 | +€5,237 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €1,595 | - | -€1,595 | |
| Suppliers | 440/4 | €1,595 | - | -€1,595 | |
| Other amounts payable | 47/48 | €183,208 | €190,040 | +€6,832 | +3.7% |
| Turnover | 70 | €59,702 | €61,632 | +€1,930 | +3.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,987 | €5,504 | +€518 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,670 | €29,069 | +€400 | +1.4% |
| Other operating charges | 640/8 | €10,368 | €10,195 | -€173 | -1.7% |
| Gross operating margin | 9900 | €54,715 | €56,127 | +€1,412 | +2.6% |
| Operating profit (loss) | 9901 | €15,678 | €16,863 | +€1,185 | +7.6% |
| Financial charges | 65/66B | €5,731 | €5,174 | -€556 | -9.7% |
| Recurring financial charges | 65 | €5,731 | €5,174 | -€556 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €9,947 | €11,689 | +€1,742 | +17.5% |
| Profit (loss) for the period | 9904 | €9,947 | €11,689 | +€1,742 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,947 | €11,689 | +€1,742 | +17.5% |
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 18 October 2026 via checked.be.