VESTIGO: 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.
VESTIGO
Largest movements
- Tangible fixed assets -€18,396
down €18,396 (-5.0%), from €365,929 to €347,533
of which Plant, machinery and equipment: -€13,622
- Receivables within one year +€8,502
up €8,502 (+23.5%), from €36,150 to €44,651
of which Trade receivables: +€8,502
- Cash -€4,345
down €4,345 (-46.5%), from €9,345 to €5,000
mainly Net result for the year (-€59,491) and Tax, wage and social debts (-€12,927)
- Profit (loss) carried forward -€59,491
down €59,491 (-28.3%), from -€209,931 to -€269,423
- Trade debts +€25,210
up €25,210 (+81.4%), from €30,977 to €56,187
- Debts after one year +€25,000
up €25,000 (+62.5%), from €40,000 to €65,000
- Other debts +€14,131
up €14,131 (+5.9%), from €240,028 to €254,159
- Tax, wage and social debts -€12,927
down €12,927 (-74.0%), from €17,469 to €4,542
of which Remuneration and social security: -€13,860
- Staff costs -€39,432
down €39,432 (-57.3%), from €68,876 to €29,444
- Gross operating margin +€11,604
up €11,604, from -€2,636 to €8,968
- Other operating charges +€9,984
up €9,984 (+523.1%), from €1,909 to €11,893
- Financial charges -€3,065
down €3,065 (-35.4%), from €8,671 to €5,605
- Depreciation +€1,464
up €1,464 (+7.3%), from €19,928 to €21,392
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 | €432,496 | €422,284 | -€10,212 | -2.4% |
| Fixed assets | 21/28 | €380,562 | €362,166 | -€18,396 | -4.8% |
| Tangible fixed assets | 22/27 | €365,929 | €347,533 | -€18,396 | -5.0% |
| Land and buildings | 22 | €297,531 | €295,925 | -€1,606 | -0.5% |
| Plant, machinery and equipment | 23 | €57,391 | €43,770 | -€13,622 | -23.7% |
| Furniture and vehicles | 24 | €11,007 | €7,838 | -€3,168 | -28.8% |
| Financial fixed assets | 28 | €14,633 | €14,633 | = | 0.0% |
| Current assets | 29/58 | €51,933 | €60,118 | +€8,184 | +15.8% |
| Stocks and contracts in progress | 3 | €485 | €611 | +€126 | +26.0% |
| Stocks | 30/36 | €485 | €611 | +€126 | +26.0% |
| Amounts receivable within one year | 40/41 | €36,150 | €44,651 | +€8,502 | +23.5% |
| Trade receivables | 40 | €36,150 | €44,651 | +€8,502 | +23.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,345 | €5,000 | -€4,345 | -46.5% |
| Deferred charges and accrued income | 490/1 | €5,954 | €9,855 | +€3,901 | +65.5% |
| Total equity and liabilities | 10/49 | €432,496 | €422,284 | -€10,212 | -2.4% |
| Equity | 10/15 | €94,935 | €35,444 | -€59,491 | -62.7% |
| Contributions | 10/11 | €299,200 | €299,200 | = | 0.0% |
| Reserves | 13 | €5,666 | €5,666 | = | 0.0% |
| 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 | €3,806 | €3,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€209,931 | -€269,423 | -€59,491 | -28.3% |
| Amounts payable | 17/49 | €337,561 | €386,840 | +€49,280 | +14.6% |
| Amounts payable after more than one year | 17 | €40,000 | €65,000 | +€25,000 | +62.5% |
| Financial debts | 170/4 | €40,000 | €65,000 | +€25,000 | +62.5% |
| Amounts payable within one year | 42/48 | €288,475 | €314,888 | +€26,413 | +9.2% |
| Trade debts | 44 | €30,977 | €56,187 | +€25,210 | +81.4% |
| Suppliers | 440/4 | €30,977 | €56,187 | +€25,210 | +81.4% |
| Taxes, remuneration and social security | 45 | €17,469 | €4,542 | -€12,927 | -74.0% |
| Taxes | 450/3 | €3,609 | €4,542 | +€933 | +25.8% |
| Remuneration and social security | 454/9 | €13,860 | €0 | -€13,860 | -100.0% |
| Other amounts payable | 47/48 | €240,028 | €254,159 | +€14,131 | +5.9% |
| Accrued charges and deferred income | 492/3 | €9,086 | €6,952 | -€2,134 | -23.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €68,876 | €29,444 | -€39,432 | -57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,928 | €21,392 | +€1,464 | +7.3% |
| Other operating charges | 640/8 | €1,909 | €11,893 | +€9,984 | +523.1% |
| Gross operating margin | 9900 | -€2,636 | €8,968 | +€11,604 | |
| Operating profit (loss) | 9901 | -€93,349 | -€53,761 | +€39,588 | +42.4% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100.0% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100.0% |
| Financial charges | 65/66B | €8,671 | €5,605 | -€3,065 | -35.4% |
| Recurring financial charges | 65 | €8,671 | €5,605 | -€3,065 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€102,012 | -€59,367 | +€42,645 | +41.8% |
| Income taxes | 67/77 | €229 | €125 | -€104 | -45.5% |
| Profit (loss) for the period | 9904 | -€102,241 | -€59,491 | +€42,749 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,241 | -€59,491 | +€42,749 | +41.8% |
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 9 October 2026 via checked.be.