VESTA INVEST: what changed
What changed
VESTA INVEST
filed annual accounts (NBB)
Net result for the year
-€411,442
2024 · -€233,619-€177,823
Equity
€7.6m
2024 · €1.3m+€6.3m
Cash
-
2024 · €16,389-€16,389
Balance sheet total
€11.5m
2024 · €5.0m+€6.5m
Largest movements
Assets
- Tangible fixed assets +€6.7m
up €6.7m (+240%), from €2.8m to €9.5m
of which Land and buildings: +€6.6m
- Deferred charges and accrued income -€138,000
down €138,000 (-77.8%), from €177,342 to €39,342
Equity and liabilities
- Revaluation surpluses +€6.7m
up €6.7m (+4,081%), from €164,250 to €6.9m
- Profit (loss) carried forward -€411,442
down €411,442 (-26.3%), from -€1.6m to -€2.0m
- Current portion of long-term debt +€151,991
up €151,991 (+63.9%), from €237,836 to €389,827
Income statement
- Gross operating margin -€165,942
down €165,942, from €162,195 to -€3,747
- Financial charges +€5,345
up €5,345 (+3.9%), from €138,315 to €143,659
- Depreciation +€3,989
up €3,989 (+2.2%), from €178,925 to €182,914
- Other operating charges +€2,492
up €2,492 (+3.2%), from €78,630 to €81,122
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€233,619
Gross operating margin
-€165,942
Depreciation
-€3,989
Other operating charges
-€2,492
Financial income
-€55
Financial charges
-€5,345
Result 2025
-€411,442
lowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€132,654
Investment
-€6.9m
Financing
+€7.0m
Cash 2024
€16,389
From operations (derived)
-€132,654
Net result for the year
-€411,442
Depreciation
+€182,914
Smaller working-capital items
+€901
Deferred charges and accrued income
+€138,000
Accrued charges and deferred income
-€43,026
Investment (derived)
-€6.9m
Investment in fixed assets (net)
-€6.9m
Financing
+€7.0m
Debts after one year
+€110,944
Current portion of long-term debt
+€151,991
Short-term financial debts
+€105
Contributions, distributions and other
+€6.7m
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,970,445 | €11,499,104 | +€6.5m | +131% |
| Fixed assets | 21/28 | €4,684,068 | €11,367,896 | +€6.7m | +143% |
| Tangible fixed assets | 22/27 | €2,782,726 | €9,466,555 | +€6.7m | +240% |
| Land and buildings | 22 | €2,760,668 | €9,409,544 | +€6.6m | +241% |
| Furniture and vehicles | 24 | €22,058 | €57,011 | +€34,953 | +158% |
| Financial fixed assets | 28 | €1,901,341 | €1,901,341 | = | 0.0% |
| Current assets | 29/58 | €286,378 | €131,208 | -€155,170 | -54.2% |
| Amounts receivable within one year | 40/41 | €92,647 | €91,866 | -€781 | -0.8% |
| Trade receivables | 40 | €91,866 | €91,866 | = | 0.0% |
| Other amounts receivable | 41 | €781 | - | -€781 | |
| Cash at bank and in hand | 54/58 | €16,389 | - | -€16,389 | |
| Deferred charges and accrued income | 490/1 | €177,342 | €39,342 | -€138,000 | -77.8% |
| Total equity and liabilities | 10/49 | €4,970,445 | €11,499,104 | +€6.5m | +131% |
| Equity | 10/15 | €1,305,679 | €7,614,204 | +€6.3m | +483% |
| Contributions | 10/11 | €2,565,400 | €2,565,400 | = | 0.0% |
| Capital | 10 | €2,565,400 | €2,565,400 | = | 0.0% |
| Issued capital | 100 | €2,773,000 | €2,773,000 | = | 0.0% |
| Uncalled capital | 101 | €207,600 | €207,600 | = | 0.0% |
| Revaluation surpluses | 12 | €164,250 | €6,867,453 | +€6.7m | +4,081% |
| Reserves | 13 | €137,702 | €154,466 | +€16,764 | +12.2% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €137,502 | €154,266 | +€16,764 | +12.2% |
| Profit (loss) carried forward | 14 | -€1,561,673 | -€1,973,115 | -€411,442 | -26.3% |
| Amounts payable | 17/49 | €3,664,766 | €3,884,900 | +€220,134 | +6.0% |
| Amounts payable after more than one year | 17 | €3,186,937 | €3,297,881 | +€110,944 | +3.5% |
| Financial debts | 170/4 | €2,528,170 | €2,280,883 | -€247,288 | -9.8% |
| Other amounts payable | 178/9 | €658,767 | €1,016,998 | +€358,232 | +54.4% |
| Amounts payable within one year | 42/48 | €244,889 | €397,105 | +€152,216 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €237,836 | €389,827 | +€151,991 | +63.9% |
| Financial debts | 43 | - | €105 | +€105 | |
| Credit institutions | 430/8 | - | €105 | +€105 | |
| Trade debts | 44 | €1,750 | €1,750 | = | 0.0% |
| Suppliers | 440/4 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €5,303 | €5,423 | +€120 | +2.3% |
| Accrued charges and deferred income | 492/3 | €232,940 | €189,914 | -€43,026 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,925 | €182,914 | +€3,989 | +2.2% |
| Other operating charges | 640/8 | €78,630 | €81,122 | +€2,492 | +3.2% |
| Gross operating margin | 9900 | €162,195 | -€3,747 | -€165,942 | |
| Operating profit (loss) | 9901 | -€95,359 | -€267,783 | -€172,423 | -181% |
| Financial income | 75/76B | €55 | - | -€55 | |
| Recurring financial income | 75 | €55 | - | -€55 | |
| Financial charges | 65/66B | €138,315 | €143,659 | +€5,345 | +3.9% |
| Recurring financial charges | 65 | €138,315 | €143,659 | +€5,345 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€233,619 | -€411,442 | -€177,823 | -76.1% |
| Profit (loss) for the period | 9904 | -€233,619 | -€411,442 | -€177,823 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€233,619 | -€411,442 | -€177,823 | -76.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.