Vestimo: 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.
What changed
Vestimo
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€33,111
2024 · €10,477+€22,634
Equity
€862,723
2024 · €859,612+€3,111
Cash
€262,876
2024 · €71,832+€191,044
Balance sheet total
€922,267
2024 · €927,316-€5,049
Largest movements
Assets
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€191,044
up €191,044 (+266.0%), from €71,832 to €262,876
mainly Current investments (+€200,000) and Depreciation (+€108,077)
Equity and liabilities
- Trade debts -€44,665
down €44,665 (-94.9%), from €47,062 to €2,397
- Other debts +€33,433
up €33,433 (+567.4%), from €5,892 to €39,325
Income statement
- Gross operating margin +€49,784
up €49,784 (+27.4%), from €181,382 to €231,166
- Depreciation +€26,523
up €26,523 (+32.5%), from €81,554 to €108,077
- Taxes -€2,800
down €2,800 (-55.7%), from €5,028 to €2,228
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.
Result 2024
€10,477
Gross operating margin
+€49,784
Staff costs
-€2,134
Depreciation
-€26,523
Other operating charges
+€2,297
Other operating items
-€3,334
Financial income
-€261
Financial charges
+€5
Taxes
+€2,800
Result 2025
€33,111
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.
From operations
+€131,816
Investment
+€89,228
Financing
-€30,000
Cash 2024
€71,832
From operations (derived)
+€131,816
Net result for the year
+€33,111
Depreciation
+€108,077
Receivables within one year
-€1,154
Deferred charges and accrued income
-€58
Trade debts
-€44,665
Tax, wage and social debts
+€1,279
Other debts
+€33,433
Accrued charges and deferred income
+€1,793
Investment (derived)
+€89,228
Investment in fixed assets (net)
-€110,772
Current investments
+€200,000
Financing
-€30,000
Contributions, distributions and other
-€30,000
Cash 2025
€262,876
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €927,316 | €922,267 | -€5,049 | -0.5% |
| Fixed assets | 21/28 | €648,610 | €651,305 | +€2,695 | +0.4% |
| Tangible fixed assets | 22/27 | €647,410 | €650,105 | +€2,695 | +0.4% |
| Land and buildings | 22 | €645,577 | €644,478 | -€1,099 | -0.2% |
| Plant, machinery and equipment | 23 | - | €2,263 | +€2,263 | |
| Furniture and vehicles | 24 | €1,833 | €3,364 | +€1,531 | +83.5% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €278,706 | €270,962 | -€7,744 | -2.8% |
| Amounts receivable within one year | 40/41 | €2,981 | €4,135 | +€1,154 | +38.7% |
| Trade receivables | 40 | €1,396 | €830 | -€566 | -40.5% |
| Other amounts receivable | 41 | €1,585 | €3,305 | +€1,720 | +108.5% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €71,832 | €262,876 | +€191,044 | +266.0% |
| Deferred charges and accrued income | 490/1 | €3,893 | €3,951 | +€58 | +1.5% |
| Total equity and liabilities | 10/49 | €927,316 | €922,267 | -€5,049 | -0.5% |
| Equity | 10/15 | €859,612 | €862,723 | +€3,111 | +0.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €684,934 | €687,934 | +€3,000 | +0.4% |
| Non-distributable reserves | 130/1 | €24,934 | €24,934 | = | 0.0% |
| Legal reserve | 130 | €24,934 | €24,934 | = | 0.0% |
| Distributable reserves | 133 | €660,000 | €663,000 | +€3,000 | +0.5% |
| Profit (loss) carried forward | 14 | €113,178 | €113,289 | +€111 | +0.1% |
| Amounts payable | 17/49 | €67,704 | €59,544 | -€8,160 | -12.1% |
| Amounts payable within one year | 42/48 | €64,694 | €54,741 | -€9,953 | -15.4% |
| Trade debts | 44 | €47,062 | €2,397 | -€44,665 | -94.9% |
| Suppliers | 440/4 | €47,062 | €2,397 | -€44,665 | -94.9% |
| Taxes, remuneration and social security | 45 | €11,740 | €13,019 | +€1,279 | +10.9% |
| Taxes | 450/3 | €2,020 | €3,277 | +€1,257 | +62.2% |
| Remuneration and social security | 454/9 | €9,720 | €9,742 | +€22 | +0.2% |
| Other amounts payable | 47/48 | €5,892 | €39,325 | +€33,433 | +567.4% |
| Accrued charges and deferred income | 492/3 | €3,010 | €4,803 | +€1,793 | +59.6% |
| Remuneration, social security and pensions | 62 | €58,640 | €60,774 | +€2,134 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,554 | €108,077 | +€26,523 | +32.5% |
| Other operating charges | 640/8 | €27,559 | €25,262 | -€2,297 | -8.3% |
| Non-recurring operating charges | 66A | €1,783 | €5,117 | +€3,334 | +187.0% |
| Gross operating margin | 9900 | €181,382 | €231,166 | +€49,784 | +27.4% |
| Operating profit (loss) | 9901 | €11,846 | €31,936 | +€20,090 | +169.6% |
| Financial income | 75/76B | €3,709 | €3,448 | -€261 | -7.0% |
| Recurring financial income | 75 | €3,709 | €3,448 | -€261 | -7.0% |
| Financial charges | 65/66B | €50 | €45 | -€5 | -10.0% |
| Recurring financial charges | 65 | €50 | €45 | -€5 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €15,505 | €35,339 | +€19,834 | +127.9% |
| Income taxes | 67/77 | €5,028 | €2,228 | -€2,800 | -55.7% |
| Profit (loss) for the period | 9904 | €10,477 | €33,111 | +€22,634 | +216.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,477 | €33,111 | +€22,634 | +216.0% |
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 7 October 2026 via checked.be.