VESTACULTURE: what changed
What changed
VESTACULTURE
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
-€28,989
2024 · -€10,281-€18,708
Equity
€17,111
2024 · €41,942-€24,832
Cash
€39,029
2024 · €46,871-€7,842
Balance sheet total
€164,173
2024 · €171,118-€6,944
Largest movements
Assets
- Cash -€7,842
down €7,842 (-16.7%), from €46,871 to €39,029
mainly Net result for the year (-€28,989) and Investment in fixed assets (net) (-€10,430)
- Receivables within one year -€7,540
down €7,540 (-18.7%), from €40,304 to €32,764
of which Trade receivables: -€7,423
- Deferred charges and accrued income +€4,386
up €4,386 (+215%), from €2,039 to €6,425
- Tangible fixed assets +€4,052
up €4,052 (+43.6%), from €9,286 to €13,338
of which Plant, machinery and equipment: +€9,482
Equity and liabilities
- Profit (loss) carried forward -€28,989
down €28,989, from €4,742 to -€24,246
- Trade debts +€23,523
up €23,523 (+650%), from €3,616 to €27,140
- Current portion of long-term debt -€4,532
down €4,532 (-37.3%), from €12,158 to €7,626
- Investment grants +€4,157
new in 2025: €4,157
Income statement
- Staff costs +€16,126
up €16,126 (+7.4%), from €218,592 to €234,718
- Gross operating margin -€5,496
down €5,496 (-2.5%), from €216,093 to €210,597
- Financial income +€3,103
new in 2025: €3,103
of which Non-recurring financial income: +€2,958
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
-€10,281
Gross operating margin
-€5,496
Staff costs
-€16,126
Depreciation
-€352
Other operating charges
-€54
Financial income
+€3,103
Financial charges
+€266
Taxes
-€97
Deferred taxes and other
+€48
Result 2025
-€28,989
raises the resultlowers the resultnot broken down further in the accounts
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
+€4,342
Investment
-€10,430
Financing
-€1,754
Cash 2024
€46,871
From operations (derived)
+€4,342
Net result for the year
-€28,989
Depreciation
+€6,378
Receivables within one year
+€7,540
Deferred charges and accrued income
-€4,386
Provisions
+€1,386
Trade debts
+€23,523
Tax, wage and social debts
-€1,060
Smaller working-capital items
-€50
Investment (derived)
-€10,430
Investment in fixed assets (net)
-€10,430
Financing
-€1,754
Debts after one year
-€1,379
Current portion of long-term debt
-€4,532
Contributions, distributions and other
+€4,157
Cash 2025
€39,029
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,118 | €164,173 | -€6,944 | -4.1% |
| Fixed assets | 21/28 | €79,286 | €83,338 | +€4,052 | +5.1% |
| Tangible fixed assets | 22/27 | €9,286 | €13,338 | +€4,052 | +43.6% |
| Plant, machinery and equipment | 23 | €1,250 | €10,732 | +€9,482 | +759% |
| Furniture and vehicles | 24 | €8,036 | €2,606 | -€5,430 | -67.6% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €91,832 | €80,836 | -€10,996 | -12.0% |
| Stocks and contracts in progress | 3 | €2,618 | €2,618 | = | 0.0% |
| Stocks | 30/36 | €2,618 | €2,618 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,304 | €32,764 | -€7,540 | -18.7% |
| Trade receivables | 40 | €40,186 | €32,764 | -€7,423 | -18.5% |
| Other amounts receivable | 41 | €117 | - | -€117 | |
| Cash at bank and in hand | 54/58 | €46,871 | €39,029 | -€7,842 | -16.7% |
| Deferred charges and accrued income | 490/1 | €2,039 | €6,425 | +€4,386 | +215% |
| Total equity and liabilities | 10/49 | €171,118 | €164,173 | -€6,944 | -4.1% |
| Equity | 10/15 | €41,942 | €17,111 | -€24,832 | -59.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,742 | -€24,246 | -€28,989 | |
| Investment grants | 15 | - | €4,157 | +€4,157 | |
| Provisions and deferred taxes | 16 | - | €1,386 | +€1,386 | |
| Deferred taxes | 168 | - | €1,386 | +€1,386 | |
| Amounts payable | 17/49 | €129,175 | €145,677 | +€16,502 | +12.8% |
| Amounts payable after more than one year | 17 | €1,379 | - | -€1,379 | |
| Financial debts | 170/4 | €1,379 | - | -€1,379 | |
| Amounts payable within one year | 42/48 | €126,947 | €144,877 | +€17,930 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €12,158 | €7,626 | -€4,532 | -37.3% |
| Trade debts | 44 | €3,616 | €27,140 | +€23,523 | +650% |
| Suppliers | 440/4 | €3,616 | €27,140 | +€23,523 | +650% |
| Taxes, remuneration and social security | 45 | €34,953 | €33,893 | -€1,060 | -3.0% |
| Taxes | 450/3 | €9,668 | €7,439 | -€2,229 | -23.1% |
| Remuneration and social security | 454/9 | €25,285 | €26,454 | +€1,169 | +4.6% |
| Other amounts payable | 47/48 | €76,219 | €76,219 | -€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €850 | €800 | -€50 | -5.9% |
| Remuneration, social security and pensions | 62 | €218,592 | €234,718 | +€16,126 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,026 | €6,378 | +€352 | +5.8% |
| Other operating charges | 640/8 | €724 | €778 | +€54 | +7.4% |
| Gross operating margin | 9900 | €216,093 | €210,597 | -€5,496 | -2.5% |
| Operating profit (loss) | 9901 | -€9,249 | -€31,277 | -€22,028 | -238% |
| Financial income | 75/76B | - | €3,103 | +€3,103 | |
| Recurring financial income | 75 | - | €145 | +€145 | |
| Non-recurring financial income | 76B | - | €2,958 | +€2,958 | |
| Financial charges | 65/66B | €954 | €688 | -€266 | -27.9% |
| Recurring financial charges | 65 | €954 | €688 | -€266 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,203 | -€28,862 | -€18,659 | -183% |
| Transfer from deferred taxes | 780 | - | €48 | +€48 | |
| Income taxes | 67/77 | €77 | €175 | +€97 | +126% |
| Profit (loss) for the period | 9904 | -€10,281 | -€28,989 | -€18,708 | -182% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,281 | -€28,989 | -€18,708 | -182% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.