VESTAZUR: 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.
VESTAZUR
Largest movements
- Financial fixed assets -€26.7m
down €26.7m (-100%), from €26.7m to €0
- Receivables within one year -€299,652
down €299,652 (-99.4%), from €301,599 to €1,947
- Profit (loss) carried forward -€26.7m
down €26.7m (-103,563%), from -€25,789 to -€26.7m
- Other debts -€295,890
down €295,890 (-90.8%), from €325,753 to €29,863
- Financial charges +€26.7m
up €26.7m (+954,161%), from €2,798 to €26.7m
of which Non-recurring financial charges: +€26.7m
- Financial income -€1,452
down €1,452 (-90.8%), from €1,599 to €147
- Gross operating margin +€405
up €405 (+17.3%), from -€2,334 to -€1,930
- Other operating charges +€31
up €31 (+3.2%), from €968 to €998
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 | €27,002,535 | €1,987 | -€27.0m | -100.0% |
| Fixed assets | 21/28 | €26,700,000 | €0 | -€26.7m | -100% |
| Financial fixed assets | 28 | €26,700,000 | €0 | -€26.7m | -100% |
| Current assets | 29/58 | €302,535 | €1,987 | -€300,548 | -99.3% |
| Amounts receivable within one year | 40/41 | €301,599 | €1,947 | -€299,652 | -99.4% |
| Other amounts receivable | 41 | €301,599 | €1,947 | -€299,652 | -99.4% |
| Cash at bank and in hand | 54/58 | €936 | €40 | -€896 | -95.7% |
| Total equity and liabilities | 10/49 | €27,002,535 | €1,987 | -€27.0m | -100.0% |
| Equity | 10/15 | €26,674,211 | -€33,375 | -€26.7m | |
| Contributions | 10/11 | €26,700,000 | €26,700,000 | = | 0.0% |
| Capital | 10 | €26,700,000 | €26,700,000 | = | 0.0% |
| Issued capital | 100 | €26,700,000 | €26,700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,789 | -€26,733,375 | -€26.7m | -103,563% |
| Amounts payable | 17/49 | €328,324 | €35,362 | -€292,962 | -89.2% |
| Amounts payable within one year | 42/48 | €327,356 | €33,396 | -€293,961 | -89.8% |
| Trade debts | 44 | €1,603 | €3,533 | +€1,930 | +120% |
| Suppliers | 440/4 | €1,603 | €3,533 | +€1,930 | +120% |
| Other amounts payable | 47/48 | €325,753 | €29,863 | -€295,890 | -90.8% |
| Accrued charges and deferred income | 492/3 | €968 | €1,966 | +€998 | +103% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€2,334 | -€1,930 | +€405 | +17.3% |
| Operating profit (loss) | 9901 | -€3,302 | -€2,928 | +€374 | +11.3% |
| Financial income | 75/76B | €1,599 | €147 | -€1,452 | -90.8% |
| Recurring financial income | 75 | €1,599 | €147 | -€1,452 | -90.8% |
| Financial charges | 65/66B | €2,798 | €26,704,804 | +€26.7m | +954,161% |
| Recurring financial charges | 65 | €2,798 | €4,804 | +€2,006 | +71.7% |
| Non-recurring financial charges | 66B | - | €26,700,000 | +€26.7m | |
| Profit (loss) for the period before taxes | 9903 | -€4,501 | -€26,707,586 | -€26.7m | -593,233% |
| Profit (loss) for the period | 9904 | -€4,501 | -€26,707,586 | -€26.7m | -593,233% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,501 | -€26,707,586 | -€26.7m | -593,233% |
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 29 October 2026 via checked.be.