VESTITO: 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.
VESTITO
Largest movements
- Cash +€19,931
up €19,931 (+143.1%), from €13,925 to €33,856
mainly Net result for the year (+€22,444) and Depreciation (+€21,396)
- Intangible fixed assets -€17,143
down €17,143 (-49.5%), from €34,614 to €17,471
- Receivables within one year -€12,312
down €12,312 (-30.1%), from €40,839 to €28,528
of which Trade receivables: -€9,919
- Tangible fixed assets +€1,885
up €1,885 (+10.5%), from €17,911 to €19,796
of which Furniture and vehicles: +€2,229
- Reserves +€22,444
up €22,444 (+30.6%), from €73,290 to €95,734
- Debts after one year -€20,211
no longer reported in 2025 (was €20,211)
- Current portion of long-term debt -€6,709
down €6,709 (-24.9%), from €26,920 to €20,211
- Trade debts -€5,653
down €5,653 (-60.7%), from €9,320 to €3,667
- Tax, wage and social debts +€5,364
up €5,364 (+483.9%), from €1,109 to €6,473
- Gross operating margin +€19,399
up €19,399 (+51.9%), from €37,381 to €56,781
- Taxes +€4,857
up €4,857 (+88.8%), from €5,468 to €10,325
- Financial income -€652
down €652 (-77.6%), from €841 to €189
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 | €173,208 | €165,946 | -€7,261 | -4.2% |
| Fixed assets | 21/28 | €52,525 | €37,267 | -€15,258 | -29.0% |
| Intangible fixed assets | 21 | €34,614 | €17,471 | -€17,143 | -49.5% |
| Tangible fixed assets | 22/27 | €17,911 | €19,796 | +€1,885 | +10.5% |
| Plant, machinery and equipment | 23 | €344 | - | -€344 | |
| Furniture and vehicles | 24 | €17,567 | €19,796 | +€2,229 | +12.7% |
| Current assets | 29/58 | €120,683 | €128,679 | +€7,996 | +6.6% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,527 | €2,912 | +€385 | +15.2% |
| Stocks | 30/36 | €2,527 | €2,912 | +€385 | +15.2% |
| Amounts receivable within one year | 40/41 | €40,839 | €28,528 | -€12,312 | -30.1% |
| Trade receivables | 40 | €36,914 | €26,996 | -€9,919 | -26.9% |
| Other amounts receivable | 41 | €3,925 | €1,532 | -€2,393 | -61.0% |
| Cash at bank and in hand | 54/58 | €13,925 | €33,856 | +€19,931 | +143.1% |
| Deferred charges and accrued income | 490/1 | €3,392 | €3,384 | -€8 | -0.2% |
| Total equity and liabilities | 10/49 | €173,208 | €165,946 | -€7,261 | -4.2% |
| Equity | 10/15 | €110,523 | €132,967 | +€22,444 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,290 | €95,734 | +€22,444 | +30.6% |
| Distributable reserves | 133 | €73,290 | €95,734 | +€22,444 | +30.6% |
| Profit (loss) carried forward | 14 | €18,633 | €18,633 | = | 0.0% |
| Amounts payable | 17/49 | €62,685 | €32,980 | -€29,706 | -47.4% |
| Amounts payable after more than one year | 17 | €20,211 | - | -€20,211 | |
| Financial debts | 170/4 | €20,211 | - | -€20,211 | |
| Amounts payable within one year | 42/48 | €42,475 | €32,980 | -€9,495 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €26,920 | €20,211 | -€6,709 | -24.9% |
| Trade debts | 44 | €9,320 | €3,667 | -€5,653 | -60.7% |
| Suppliers | 440/4 | €9,320 | €3,667 | -€5,653 | -60.7% |
| Taxes, remuneration and social security | 45 | €1,109 | €6,473 | +€5,364 | +483.9% |
| Taxes | 450/3 | €1,109 | €6,473 | +€5,364 | +483.9% |
| Other amounts payable | 47/48 | €5,127 | €2,629 | -€2,497 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,464 | €21,396 | -€67 | -0.3% |
| Other operating charges | 640/8 | €766 | €1,094 | +€328 | +42.8% |
| Gross operating margin | 9900 | €37,381 | €56,781 | +€19,399 | +51.9% |
| Operating profit (loss) | 9901 | €15,152 | €34,291 | +€19,139 | +126.3% |
| Financial income | 75/76B | €841 | €189 | -€652 | -77.6% |
| Recurring financial income | 75 | €841 | €189 | -€652 | -77.6% |
| Financial charges | 65/66B | €2,248 | €1,711 | -€538 | -23.9% |
| Recurring financial charges | 65 | €2,248 | €1,711 | -€538 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €13,744 | €32,769 | +€19,025 | +138.4% |
| Income taxes | 67/77 | €5,468 | €10,325 | +€4,857 | +88.8% |
| Profit (loss) for the period | 9904 | €8,276 | €22,444 | +€14,168 | +171.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,276 | €22,444 | +€14,168 | +171.2% |
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.