Vesting: 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.
Vesting
Largest movements
- Cash +€29,953
up €29,953 (+262%), from €11,439 to €41,392
mainly Receivables within one year (+€21,050) and Tax, wage and social debts (+€6,922)
- Receivables within one year -€21,050
down €21,050 (-19.1%), from €109,968 to €88,918
of which Trade receivables: -€21,102
- Other debts -€7,550
down €7,550 (-100%), from €7,550 to €0
- Tax, wage and social debts +€6,922
up €6,922 (+40.3%), from €17,161 to €24,083
of which Taxes: +€5,683
- Trade debts +€6,534
up €6,534 (+6.6%), from €98,768 to €105,302
- Reserves +€1,400
up €1,400 (+75.3%), from €1,860 to €3,260
of which Distributable reserves: +€1,400
- Gross operating margin +€4,698
up €4,698 (+4.7%), from €100,798 to €105,496
- Other operating charges +€2,095
up €2,095 (+388%), from €540 to €2,636
- Taxes +€1,546
up €1,546 (+68.4%), from €2,261 to €3,807
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 | €131,128 | €139,015 | +€7,886 | +6.0% |
| Fixed assets | 21/28 | €3,721 | €2,905 | -€817 | -21.9% |
| Tangible fixed assets | 22/27 | €1,221 | €405 | -€817 | -66.8% |
| Furniture and vehicles | 24 | €1,221 | €405 | -€817 | -66.8% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €127,407 | €136,110 | +€8,703 | +6.8% |
| Amounts receivable within one year | 40/41 | €109,968 | €88,918 | -€21,050 | -19.1% |
| Trade receivables | 40 | €109,909 | €88,807 | -€21,102 | -19.2% |
| Other amounts receivable | 41 | €59 | €111 | +€52 | +88.7% |
| Cash at bank and in hand | 54/58 | €11,439 | €41,392 | +€29,953 | +262% |
| Deferred charges and accrued income | 490/1 | €6,000 | €5,800 | -€200 | -3.3% |
| Total equity and liabilities | 10/49 | €131,128 | €139,015 | +€7,886 | +6.0% |
| Equity | 10/15 | €7,650 | €9,630 | +€1,980 | +25.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €3,260 | +€1,400 | +75.3% |
| 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 | - | €1,400 | +€1,400 | |
| Profit (loss) carried forward | 14 | -€510 | €70 | +€580 | |
| Amounts payable | 17/49 | €123,479 | €129,385 | +€5,906 | +4.8% |
| Amounts payable within one year | 42/48 | €123,479 | €129,385 | +€5,906 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €98,768 | €105,302 | +€6,534 | +6.6% |
| Suppliers | 440/4 | €98,768 | €105,302 | +€6,534 | +6.6% |
| Taxes, remuneration and social security | 45 | €17,161 | €24,083 | +€6,922 | +40.3% |
| Taxes | 450/3 | €7,204 | €12,887 | +€5,683 | +78.9% |
| Remuneration and social security | 454/9 | €9,957 | €11,196 | +€1,239 | +12.4% |
| Other amounts payable | 47/48 | €7,550 | €0 | -€7,550 | -100% |
| Non-recurring operating income | 76A | €4,110 | €0 | -€4,110 | -100% |
| Remuneration, social security and pensions | 62 | €94,992 | €94,087 | -€905 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €817 | €817 | = | 0.0% |
| Other operating charges | 640/8 | €540 | €2,636 | +€2,095 | +388% |
| Gross operating margin | 9900 | €100,798 | €105,496 | +€4,698 | +4.7% |
| Operating profit (loss) | 9901 | €4,449 | €7,957 | +€3,508 | +78.8% |
| Financial income | 75/76B | €1 | €111 | +€110 | +12,231% |
| Recurring financial income | 75 | €1 | €111 | +€110 | +12,231% |
| Financial charges | 65/66B | €2,552 | €2,281 | -€271 | -10.6% |
| Recurring financial charges | 65 | €2,552 | €2,281 | -€271 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €1,898 | €5,787 | +€3,888 | +205% |
| Income taxes | 67/77 | €2,261 | €3,807 | +€1,546 | +68.4% |
| Profit (loss) for the period | 9904 | -€363 | €1,980 | +€2,342 | |
| Profit (loss) for the period to be appropriated | 9905 | -€363 | €1,980 | +€2,342 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.