VESTABO: 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.
VESTABO
Largest movements
- Cash -€14,716
down €14,716 (-58.3%), from €25,254 to €10,538
mainly Net result for the year (-€11,909) and Tax, wage and social debts (-€4,288)
- Receivables within one year -€5,043
down €5,043 (-66.1%), from €7,635 to €2,592
of which Trade receivables: -€5,445
- Tangible fixed assets -€1,412
down €1,412 (-19.5%), from €7,244 to €5,832
of which Other tangible fixed assets: -€729
- Profit (loss) carried forward -€11,909
down €11,909 (-413%), from -€2,882 to -€14,791
- Tax, wage and social debts -€4,288
down €4,288 (-78.1%), from €5,487 to €1,199
- Accrued charges and deferred income -€3,636
no longer reported in 2025 (was €3,636)
- Trade debts -€1,755
down €1,755 (-37.2%), from €4,720 to €2,965
- Other debts +€539
up €539 (+5.3%), from €10,147 to €10,686
- Gross operating margin -€13,481
down €13,481, from €4,050 to -€9,431
- Taxes -€1,199
no longer reported in 2025 (was €1,199)
- Depreciation +€361
up €361 (+34.4%), from €1,050 to €1,412
- Other operating charges +€161
up €161 (+19.3%), from €834 to €994
- Financial charges -€131
down €131 (-64.7%), from €202 to €71
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 | €41,365 | €20,317 | -€21,049 | -50.9% |
| Fixed assets | 21/28 | €7,244 | €5,832 | -€1,412 | -19.5% |
| Tangible fixed assets | 22/27 | €7,244 | €5,832 | -€1,412 | -19.5% |
| Plant, machinery and equipment | 23 | €550 | €240 | -€310 | -56.3% |
| Furniture and vehicles | 24 | €373 | €0 | -€373 | -100% |
| Other tangible fixed assets | 26 | €6,321 | €5,592 | -€729 | -11.5% |
| Current assets | 29/58 | €34,122 | €14,485 | -€19,637 | -57.5% |
| Amounts receivable within one year | 40/41 | €7,635 | €2,592 | -€5,043 | -66.1% |
| Trade receivables | 40 | €7,635 | €2,190 | -€5,445 | -71.3% |
| Other amounts receivable | 41 | - | €402 | +€402 | |
| Cash at bank and in hand | 54/58 | €25,254 | €10,538 | -€14,716 | -58.3% |
| Deferred charges and accrued income | 490/1 | €1,233 | €1,355 | +€122 | +9.9% |
| Total equity and liabilities | 10/49 | €41,365 | €20,317 | -€21,049 | -50.9% |
| Equity | 10/15 | €17,375 | €5,466 | -€11,909 | -68.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €257 | €257 | = | 0.0% |
| Distributable reserves | 133 | €257 | €257 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,882 | -€14,791 | -€11,909 | -413% |
| Amounts payable | 17/49 | €23,991 | €14,850 | -€9,140 | -38.1% |
| Amounts payable within one year | 42/48 | €20,355 | €14,850 | -€5,504 | -27.0% |
| Trade debts | 44 | €4,720 | €2,965 | -€1,755 | -37.2% |
| Suppliers | 440/4 | €4,720 | €2,965 | -€1,755 | -37.2% |
| Taxes, remuneration and social security | 45 | €5,487 | €1,199 | -€4,288 | -78.1% |
| Taxes | 450/3 | €5,487 | €1,199 | -€4,288 | -78.1% |
| Other amounts payable | 47/48 | €10,147 | €10,686 | +€539 | +5.3% |
| Accrued charges and deferred income | 492/3 | €3,636 | - | -€3,636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €1,412 | +€361 | +34.4% |
| Other operating charges | 640/8 | €834 | €994 | +€161 | +19.3% |
| Gross operating margin | 9900 | €4,050 | -€9,431 | -€13,481 | |
| Operating profit (loss) | 9901 | €2,166 | -€11,837 | -€14,003 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €202 | €71 | -€131 | -64.7% |
| Recurring financial charges | 65 | €202 | €71 | -€131 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €1,964 | -€11,909 | -€13,872 | |
| Income taxes | 67/77 | €1,199 | - | -€1,199 | |
| Profit (loss) for the period | 9904 | €765 | -€11,909 | -€12,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €765 | -€11,909 | -€12,673 |
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 14 October 2026 via checked.be.