VESTAKI: 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.
VESTAKI
Largest movements
- Receivables within one year +€160,324
up €160,324 (+145.9%), from €109,919 to €270,243
of which Other amounts receivable: +€105,324
- Advances received +€114,500
new in 2025: €114,500
- Profit (loss) carried forward +€36,531
up €36,531 (+36.1%), from €101,085 to €137,616
- Tax, wage and social debts +€9,407
up €9,407 (+300.9%), from €3,126 to €12,533
- Gross operating margin -€58,622
down €58,622 (-56.0%), from €104,628 to €46,006
- Taxes +€6,281
up €6,281 (+200.9%), from €3,126 to €9,407
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 | €109,937 | €270,266 | +€160,329 | +145.8% |
| Current assets | 29/58 | €109,937 | €270,266 | +€160,329 | +145.8% |
| Amounts receivable within one year | 40/41 | €109,919 | €270,243 | +€160,324 | +145.9% |
| Trade receivables | 40 | €5,000 | €60,000 | +€55,000 | +1100.0% |
| Other amounts receivable | 41 | €104,919 | €210,243 | +€105,324 | +100.4% |
| Cash at bank and in hand | 54/58 | €18 | €23 | +€5 | +27.8% |
| Total equity and liabilities | 10/49 | €109,937 | €270,266 | +€160,329 | +145.8% |
| Equity | 10/15 | €106,085 | €142,616 | +€36,531 | +34.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,085 | €137,616 | +€36,531 | +36.1% |
| Amounts payable | 17/49 | €3,852 | €127,650 | +€123,798 | +3213.9% |
| Amounts payable within one year | 42/48 | €3,852 | €127,650 | +€123,798 | +3213.9% |
| Trade debts | 44 | €726 | €617 | -€109 | -15.0% |
| Suppliers | 440/4 | €726 | €617 | -€109 | -15.0% |
| Advances received on contracts in progress | 46 | - | €114,500 | +€114,500 | |
| Taxes, remuneration and social security | 45 | €3,126 | €12,533 | +€9,407 | +300.9% |
| Taxes | 450/3 | €3,126 | €12,533 | +€9,407 | +300.9% |
| Other operating charges | 640/8 | €403 | - | -€403 | |
| Gross operating margin | 9900 | €104,628 | €46,006 | -€58,622 | -56.0% |
| Operating profit (loss) | 9901 | €104,225 | €46,006 | -€58,219 | -55.9% |
| Financial charges | 65/66B | €14 | €68 | +€54 | +385.7% |
| Recurring financial charges | 65 | €14 | €68 | +€54 | +385.7% |
| Profit (loss) for the period before taxes | 9903 | €104,211 | €45,938 | -€58,273 | -55.9% |
| Income taxes | 67/77 | €3,126 | €9,407 | +€6,281 | +200.9% |
| Profit (loss) for the period | 9904 | €101,085 | €36,531 | -€64,554 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,085 | €36,531 | -€64,554 | -63.9% |
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 12 October 2026 via checked.be.