VESTI: 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.
VESTI
Largest movements
- Tangible fixed assets -€16,581
down €16,581 (-3.8%), from €436,734 to €420,153
- Profit (loss) carried forward -€9,916
down €9,916 (-22.4%), from -€44,208 to -€54,124
- Debts after one year -€7,639
down €7,639 (-1.9%), from €410,012 to €402,373
of which Financial debts: -€11,196
- Gross operating margin -€897
down €897 (-7.8%), from €11,566 to €10,668
- Other operating charges -€256
down €256 (-13.2%), from €1,932 to €1,676
- Financial charges -€193
down €193 (-7.7%), from €2,519 to €2,326
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 | €443,127 | €426,984 | -€16,143 | -3.6% |
| Fixed assets | 21/28 | €436,734 | €420,153 | -€16,581 | -3.8% |
| Tangible fixed assets | 22/27 | €436,734 | €420,153 | -€16,581 | -3.8% |
| Land and buildings | 22 | €436,734 | €420,153 | -€16,581 | -3.8% |
| Current assets | 29/58 | €6,393 | €6,831 | +€438 | +6.9% |
| Cash at bank and in hand | 54/58 | €6,393 | €6,831 | +€438 | +6.9% |
| Total equity and liabilities | 10/49 | €443,127 | €426,984 | -€16,143 | -3.6% |
| Equity | 10/15 | €17,792 | €7,876 | -€9,916 | -55.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,208 | -€54,124 | -€9,916 | -22.4% |
| Amounts payable | 17/49 | €425,335 | €419,108 | -€6,227 | -1.5% |
| Amounts payable after more than one year | 17 | €410,012 | €402,373 | -€7,639 | -1.9% |
| Financial debts | 170/4 | €119,212 | €108,016 | -€11,196 | -9.4% |
| Other amounts payable | 178/9 | €290,800 | €294,357 | +€3,557 | +1.2% |
| Amounts payable within one year | 42/48 | €15,323 | €16,735 | +€1,412 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €10,999 | €11,196 | +€197 | +1.8% |
| Other amounts payable | 47/48 | €4,324 | €5,539 | +€1,215 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,502 | €16,581 | +€79 | +0.5% |
| Other operating charges | 640/8 | €1,932 | €1,676 | -€256 | -13.2% |
| Gross operating margin | 9900 | €11,566 | €10,668 | -€897 | -7.8% |
| Operating profit (loss) | 9901 | -€6,869 | -€7,590 | -€721 | -10.5% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €2,519 | €2,326 | -€193 | -7.7% |
| Recurring financial charges | 65 | €2,519 | €2,326 | -€193 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,380 | -€9,916 | -€535 | -5.7% |
| Profit (loss) for the period | 9904 | -€9,380 | -€9,916 | -€535 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,380 | -€9,916 | -€535 | -5.7% |
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 4 October 2026 via checked.be.