VESTER BOUW: what changed
VESTER BOUW
Largest movements
- Cash -€2,664
down €2,664 (-29.6%), from €9,007 to €6,343
mainly Net result for the year (-€9,882) and Investment in fixed assets (net) (-€1,813)
- Receivables within one year -€1,218
down €1,218 (-87.9%), from €1,386 to €167
of which Other amounts receivable: -€953
- Tangible fixed assets -€182
down €182 (-5.0%), from €3,660 to €3,478
- Profit (loss) carried forward -€6,043
new in 2025: -€6,043
- Reserves -€3,838
down €3,838 (-67.4%), from €5,698 to €1,860
of which Distributable reserves: -€3,838
- Tax, wage and social debts +€3,800
new in 2025: €3,800
- Trade debts +€2,017
up €2,017 (+317%), from €636 to €2,654
- Gross operating margin -€21,092
down €21,092, from €15,497 to -€5,595
- Other operating charges +€677
up €677 (+47.6%), from €1,422 to €2,099
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,053 | €9,989 | -€4,064 | -28.9% |
| Fixed assets | 21/28 | €3,660 | €3,478 | -€182 | -5.0% |
| Tangible fixed assets | 22/27 | €3,660 | €3,478 | -€182 | -5.0% |
| Plant, machinery and equipment | 23 | €3,660 | €3,478 | -€182 | -5.0% |
| Current assets | 29/58 | €10,393 | €6,511 | -€3,883 | -37.4% |
| Amounts receivable within one year | 40/41 | €1,386 | €167 | -€1,218 | -87.9% |
| Trade receivables | 40 | €265 | - | -€265 | |
| Other amounts receivable | 41 | €1,121 | €167 | -€953 | -85.1% |
| Cash at bank and in hand | 54/58 | €9,007 | €6,343 | -€2,664 | -29.6% |
| Total equity and liabilities | 10/49 | €14,053 | €9,989 | -€4,064 | -28.9% |
| Equity | 10/15 | €11,898 | €2,017 | -€9,882 | -83.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,698 | €1,860 | -€3,838 | -67.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,838 | - | -€3,838 | |
| Profit (loss) carried forward | 14 | - | -€6,043 | -€6,043 | |
| Amounts payable | 17/49 | €2,155 | €7,973 | +€5,817 | +270% |
| Amounts payable within one year | 42/48 | €2,155 | €7,973 | +€5,817 | +270% |
| Trade debts | 44 | €636 | €2,654 | +€2,017 | +317% |
| Suppliers | 440/4 | €636 | €2,654 | +€2,017 | +317% |
| Taxes, remuneration and social security | 45 | - | €3,800 | +€3,800 | |
| Remuneration and social security | 454/9 | - | €3,800 | +€3,800 | |
| Other amounts payable | 47/48 | €1,519 | €1,519 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,934 | €1,995 | +€61 | +3.2% |
| Other operating charges | 640/8 | €1,422 | €2,099 | +€677 | +47.6% |
| Gross operating margin | 9900 | €15,497 | -€5,595 | -€21,092 | |
| Operating profit (loss) | 9901 | €12,142 | -€9,689 | -€21,831 | |
| Financial income | 75/76B | €82 | €0 | -€82 | -100.0% |
| Recurring financial income | 75 | €82 | €0 | -€82 | -100.0% |
| Financial charges | 65/66B | €123 | €193 | +€70 | +57.0% |
| Recurring financial charges | 65 | €123 | €193 | +€70 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €12,102 | -€9,882 | -€21,983 | |
| Profit (loss) for the period | 9904 | €12,102 | -€9,882 | -€21,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,102 | -€9,882 | -€21,983 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.