VESTA ONE: 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.
VESTA ONE
Largest movements
- Stocks and contracts +€823,839
up €823,839 (+19.0%), from €4.3m to €5.2m
- Debts after one year +€405,952
up €405,952 (+10.6%), from €3.8m to €4.2m
- Other debts +€330,974
new in 2025: €330,974
- Reserves +€103,122
up €103,122 (+1064.3%), from €9,689 to €112,811
- Gross operating margin +€133,761
up €133,761 (+60.9%), from €219,761 to €353,522
- Other operating charges +€71,346
up €71,346 (+4702.2%), from €1,517 to €72,863
- Financial charges -€36,487
down €36,487 (-17.0%), from €214,028 to €177,541
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 | €4,346,811 | €5,179,704 | +€832,893 | +19.2% |
| Current assets | 29/58 | €4,346,811 | €5,179,704 | +€832,893 | +19.2% |
| Stocks and contracts in progress | 3 | €4,335,153 | €5,158,992 | +€823,839 | +19.0% |
| Stocks | 30/36 | €4,335,153 | €5,158,992 | +€823,839 | +19.0% |
| Amounts receivable within one year | 40/41 | €7,188 | - | -€7,188 | |
| Trade receivables | 40 | €7,188 | - | -€7,188 | |
| Cash at bank and in hand | 54/58 | €4,366 | €20,608 | +€16,242 | +372.0% |
| Deferred charges and accrued income | 490/1 | €104 | €104 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,346,811 | €5,179,704 | +€832,893 | +19.2% |
| Equity | 10/15 | €509,689 | €612,811 | +€103,122 | +20.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €9,689 | €112,811 | +€103,122 | +1064.3% |
| Distributable reserves | 133 | €9,689 | €112,811 | +€103,122 | +1064.3% |
| Amounts payable | 17/49 | €3,837,122 | €4,566,893 | +€729,771 | +19.0% |
| Amounts payable after more than one year | 17 | €3,828,642 | €4,234,594 | +€405,952 | +10.6% |
| Financial debts | 170/4 | €3,828,642 | €4,234,594 | +€405,952 | +10.6% |
| Amounts payable within one year | 42/48 | €7,266 | €331,102 | +€323,835 | +4456.7% |
| Trade debts | 44 | €7,266 | €128 | -€7,138 | -98.2% |
| Suppliers | 440/4 | €7,266 | €128 | -€7,138 | -98.2% |
| Other amounts payable | 47/48 | - | €330,974 | +€330,974 | |
| Accrued charges and deferred income | 492/3 | €1,214 | €1,198 | -€16 | -1.3% |
| Other operating charges | 640/8 | €1,517 | €72,863 | +€71,346 | +4702.2% |
| Gross operating margin | 9900 | €219,761 | €353,522 | +€133,761 | +60.9% |
| Operating profit (loss) | 9901 | €218,244 | €280,659 | +€62,415 | +28.6% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €214,028 | €177,541 | -€36,487 | -17.0% |
| Recurring financial charges | 65 | €214,028 | €177,541 | -€36,487 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €4,216 | €103,122 | +€98,906 | +2346.1% |
| Profit (loss) for the period | 9904 | €4,216 | €103,122 | +€98,906 | +2346.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,216 | €103,122 | +€98,906 | +2346.1% |
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.