VESTACO: what changed
Two fiscal 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.
VESTACO
Largest movements
- Tangible fixed assets -€1,156
down €1,156 (-2.7%), from €42,237 to €41,081
of which Land and buildings: -€1,048
- Cash +€687
up €687 (+118.9%), from €578 to €1,265
mainly Depreciation (+€1,156) and Other debts (+€279)
- Profit (loss) carried forward -€747
down €747 (-13.9%), from €5,360 to €4,613
- Other operating charges -€1,136
down €1,136 (-74.0%), from €1,536 to €400
- Gross operating margin -€451
down €451 (-34.6%), from €1,305 to €853
- Depreciation +€70
up €70 (+6.5%), from €1,086 to €1,156
- Financial charges -€39
down €39 (-46.1%), from €84 to €45
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 | €42,815 | €42,346 | -€469 | -1.1% |
| Fixed assets | 21/28 | €42,237 | €41,081 | -€1,156 | -2.7% |
| Tangible fixed assets | 22/27 | €42,237 | €41,081 | -€1,156 | -2.7% |
| Land and buildings | 22 | €41,198 | €40,149 | -€1,048 | -2.5% |
| Plant, machinery and equipment | 23 | €1,039 | €931 | -€108 | -10.4% |
| Current assets | 29/58 | €578 | €1,265 | +€687 | +118.9% |
| Cash at bank and in hand | 54/58 | €578 | €1,265 | +€687 | +118.9% |
| Total equity and liabilities | 10/49 | €42,815 | €42,346 | -€469 | -1.1% |
| Equity | 10/15 | €25,765 | €25,018 | -€747 | -2.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,360 | €4,613 | -€747 | -13.9% |
| Amounts payable | 17/49 | €17,049 | €17,328 | +€279 | +1.6% |
| Amounts payable within one year | 42/48 | €17,049 | €17,328 | +€279 | +1.6% |
| Other amounts payable | 47/48 | €17,049 | €17,328 | +€279 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | €1,156 | +€70 | +6.5% |
| Other operating charges | 640/8 | €1,536 | €400 | -€1,136 | -74.0% |
| Gross operating margin | 9900 | €1,305 | €853 | -€451 | -34.6% |
| Operating profit (loss) | 9901 | -€1,316 | -€702 | +€614 | +46.6% |
| Financial charges | 65/66B | €84 | €45 | -€39 | -46.1% |
| Recurring financial charges | 65 | €84 | €45 | -€39 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,400 | -€747 | +€653 | +46.6% |
| Profit (loss) for the period | 9904 | -€1,400 | -€747 | +€653 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,400 | -€747 | +€653 | +46.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.