VESTIMM: 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.
VESTIMM
Largest movements
- Cash +€55,664
up €55,664 (+166.5%), from €33,431 to €89,095
mainly Current investments (+€50,000) and Depreciation (+€27,352)
- Current investments -€50,000
down €50,000 (-20.8%), from €240,000 to €190,000
- Tangible fixed assets -€27,352
down €27,352 (-4.5%), from €608,195 to €580,843
of which Land and buildings: -€18,714
- Other debts -€10,362
down €10,362 (-8.2%), from €127,053 to €116,691
- Gross operating margin +€5,027
up €5,027 (+13.4%), from €37,460 to €42,487
- Taxes +€1,872
up €1,872 (+21.8%), from €8,587 to €10,459
- Financial income +€1,764
up €1,764 (+69.7%), from €2,533 to €4,297
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €887,865 | €866,632 | -€21,233 | -2.4% |
| Fixed assets | 21/28 | €608,544 | €581,192 | -€27,352 | -4.5% |
| Tangible fixed assets | 22/27 | €608,195 | €580,843 | -€27,352 | -4.5% |
| Land and buildings | 22 | €577,963 | €559,248 | -€18,714 | -3.2% |
| Furniture and vehicles | 24 | €30,233 | €21,595 | -€8,638 | -28.6% |
| Financial fixed assets | 28 | €348 | €348 | = | 0.0% |
| Current assets | 29/58 | €279,321 | €285,440 | +€6,119 | +2.2% |
| Amounts receivable within one year | 40/41 | €4,500 | €4,536 | +€36 | +0.8% |
| Other amounts receivable | 41 | €4,500 | €4,536 | +€36 | +0.8% |
| Current investments | 50/53 | €240,000 | €190,000 | -€50,000 | -20.8% |
| Cash at bank and in hand | 54/58 | €33,431 | €89,095 | +€55,664 | +166.5% |
| Deferred charges and accrued income | 490/1 | €1,390 | €1,809 | +€419 | +30.1% |
| Total equity and liabilities | 10/49 | €887,865 | €866,632 | -€21,233 | -2.4% |
| Equity | 10/15 | €588,992 | €590,802 | +€1,810 | +0.3% |
| Contributions | 10/11 | €206,966 | €206,966 | = | 0.0% |
| Reserves | 13 | €488,021 | €482,787 | -€5,235 | -1.1% |
| Non-distributable reserves | 130/1 | - | €20,697 | +€20,697 | |
| Reserves not available under the articles | 1311 | - | €20,697 | +€20,697 | |
| Tax-exempt reserves | 132 | €286,203 | €270,969 | -€15,235 | -5.3% |
| Distributable reserves | 133 | €201,818 | €191,121 | -€10,697 | -5.3% |
| Profit (loss) carried forward | 14 | -€105,995 | -€98,951 | +€7,045 | +6.6% |
| Provisions and deferred taxes | 16 | €94,700 | €89,622 | -€5,078 | -5.4% |
| Deferred taxes | 168 | €94,700 | €89,622 | -€5,078 | -5.4% |
| Amounts payable | 17/49 | €204,172 | €186,208 | -€17,965 | -8.8% |
| Amounts payable after more than one year | 17 | €63,338 | €63,338 | = | 0.0% |
| Financial debts | 170/4 | €63,338 | €63,338 | = | 0.0% |
| Amounts payable within one year | 42/48 | €140,834 | €122,870 | -€17,965 | -12.8% |
| Trade debts | 44 | €3,013 | €2,756 | -€257 | -8.5% |
| Suppliers | 440/4 | €3,013 | €2,756 | -€257 | -8.5% |
| Taxes, remuneration and social security | 45 | €10,768 | €3,423 | -€7,345 | -68.2% |
| Taxes | 450/3 | €10,768 | €3,423 | -€7,345 | -68.2% |
| Other amounts payable | 47/48 | €127,053 | €116,691 | -€10,362 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,352 | €27,352 | = | 0.0% |
| Other operating charges | 640/8 | €4,787 | €4,980 | +€193 | +4.0% |
| Gross operating margin | 9900 | €37,460 | €42,487 | +€5,027 | +13.4% |
| Operating profit (loss) | 9901 | €5,321 | €10,155 | +€4,834 | +90.9% |
| Financial income | 75/76B | €2,533 | €4,297 | +€1,764 | +69.7% |
| Recurring financial income | 75 | €2,533 | €4,297 | +€1,764 | +69.7% |
| Financial charges | 65/66B | €7,250 | €7,261 | +€11 | +0.2% |
| Recurring financial charges | 65 | €7,250 | €7,261 | +€11 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €604 | €7,191 | +€6,587 | +1091.5% |
| Transfer from deferred taxes | 780 | €5,078 | €5,078 | = | 0.0% |
| Income taxes | 67/77 | €8,587 | €10,459 | +€1,872 | +21.8% |
| Profit (loss) for the period | 9904 | -€2,905 | €1,810 | +€4,715 | |
| Transfer from tax-exempt reserves | 789 | €15,235 | €15,235 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,329 | €17,045 | +€4,715 | +38.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.