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
- Receivables within one year -€84,532
down €84,532 (-87.9%), from €96,202 to €11,670
of which Trade receivables: -€84,532
- Cash +€74,550
up €74,550 (+74.9%), from €99,468 to €174,019
mainly Receivables within one year (+€84,532) and Depreciation (+€51,395)
- Tangible fixed assets -€46,382
down €46,382 (-2.6%), from €1.8m to €1.7m
- Debts after one year -€47,703
down €47,703 (-3.7%), from €1.3m to €1.3m
of which Financial debts: -€47,703
- Gross operating margin +€14,003
up €14,003 (+23.9%), from €58,683 to €72,686
- Other operating charges -€1,021
down €1,021 (-89.5%), from €1,141 to €120
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 | €1,974,422 | €1,918,122 | -€56,300 | -2.9% |
| Fixed assets | 21/28 | €1,778,539 | €1,732,156 | -€46,382 | -2.6% |
| Tangible fixed assets | 22/27 | €1,778,539 | €1,732,156 | -€46,382 | -2.6% |
| Land and buildings | 22 | €1,778,539 | €1,732,156 | -€46,382 | -2.6% |
| Current assets | 29/58 | €195,884 | €185,965 | -€9,918 | -5.1% |
| Amounts receivable within one year | 40/41 | €96,202 | €11,670 | -€84,532 | -87.9% |
| Trade receivables | 40 | €96,202 | €11,670 | -€84,532 | -87.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €99,468 | €174,019 | +€74,550 | +74.9% |
| Deferred charges and accrued income | 490/1 | €213 | €276 | +€63 | +29.7% |
| Total equity and liabilities | 10/49 | €1,974,422 | €1,918,122 | -€56,300 | -2.9% |
| Equity | 10/15 | €610,472 | €603,540 | -€6,932 | -1.1% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€289,528 | -€296,460 | -€6,932 | -2.4% |
| Amounts payable | 17/49 | €1,363,950 | €1,314,581 | -€49,369 | -3.6% |
| Amounts payable after more than one year | 17 | €1,304,659 | €1,256,956 | -€47,703 | -3.7% |
| Financial debts | 170/4 | €1,104,659 | €1,056,956 | -€47,703 | -4.3% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,292 | €57,625 | -€1,666 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €56,840 | €57,503 | +€663 | +1.2% |
| Trade debts | 44 | €1,024 | €123 | -€901 | -88.0% |
| Suppliers | 440/4 | €1,024 | €123 | -€901 | -88.0% |
| Taxes, remuneration and social security | 45 | €1,428 | €0 | -€1,428 | -100% |
| Taxes | 450/3 | €1,428 | €0 | -€1,428 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,108 | €51,395 | -€713 | -1.4% |
| Other operating charges | 640/8 | €1,141 | €120 | -€1,021 | -89.5% |
| Gross operating margin | 9900 | €58,683 | €72,686 | +€14,003 | +23.9% |
| Operating profit (loss) | 9901 | €5,434 | €21,171 | +€15,737 | +290% |
| Financial income | 75/76B | €40 | €0 | -€40 | -99.9% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -99.9% |
| Financial charges | 65/66B | €28,350 | €28,103 | -€247 | -0.9% |
| Recurring financial charges | 65 | €28,350 | €28,103 | -€247 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,876 | -€6,932 | +€15,944 | +69.7% |
| Profit (loss) for the period | 9904 | -€22,876 | -€6,932 | +€15,944 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,876 | -€6,932 | +€15,944 | +69.7% |
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 14 October 2026 via checked.be.