VESTIUM PROJECTS: 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.
VESTIUM PROJECTS
Largest movements
- Stocks and contracts +€395,755
new in 2025: €395,755
- Cash +€70,524
up €70,524 (+4590.4%), from €1,536 to €72,061
mainly Debts after one year (+€409,989) and Other debts (+€41,744)
- Receivables within one year -€5,998
down €5,998 (-75.8%), from €7,911 to €1,912
of which Trade receivables: -€7,911
- Debts after one year +€409,989
new in 2025: €409,989
- Other debts +€41,744
up €41,744 (+283.0%), from €14,752 to €56,496
- Trade debts +€22,627
up €22,627 (+2927.7%), from €773 to €23,400
- Profit (loss) carried forward -€7,073
down €7,073 (-43.0%), from -€16,435 to -€23,508
- Gross operating margin -€5,574
down €5,574 (-504.8%), from -€1,104 to -€6,678
- Financial income +€3,790
up €3,790 (+3959.8%), from €96 to €3,885
- Financial charges +€2,921
up €2,921 (+2655.4%), from €110 to €3,031
- Other operating charges +€792
up €792 (+173.7%), from €456 to €1,249
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 | €9,447 | €474,376 | +€464,929 | +4921.4% |
| Current assets | 29/58 | €9,447 | €474,376 | +€464,929 | +4921.4% |
| Stocks and contracts in progress | 3 | - | €395,755 | +€395,755 | |
| Stocks | 30/36 | - | €395,755 | +€395,755 | |
| Amounts receivable within one year | 40/41 | €7,911 | €1,912 | -€5,998 | -75.8% |
| Trade receivables | 40 | €7,911 | €0 | -€7,911 | -100.0% |
| Other amounts receivable | 41 | €0 | €1,912 | +€1,912 | |
| Cash at bank and in hand | 54/58 | €1,536 | €72,061 | +€70,524 | +4590.4% |
| Deferred charges and accrued income | 490/1 | €0 | €4,648 | +€4,648 | |
| Total equity and liabilities | 10/49 | €9,447 | €474,376 | +€464,929 | +4921.4% |
| Equity | 10/15 | -€8,435 | -€15,508 | -€7,073 | -83.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,435 | -€23,508 | -€7,073 | -43.0% |
| Amounts payable | 17/49 | €17,882 | €489,884 | +€472,002 | +2639.5% |
| Amounts payable after more than one year | 17 | - | €409,989 | +€409,989 | |
| Financial debts | 170/4 | - | €409,989 | +€409,989 | |
| Amounts payable within one year | 42/48 | €17,882 | €79,896 | +€62,013 | +346.8% |
| Trade debts | 44 | €773 | €23,400 | +€22,627 | +2927.7% |
| Suppliers | 440/4 | €773 | €23,400 | +€22,627 | +2927.7% |
| Taxes, remuneration and social security | 45 | €2,358 | €0 | -€2,358 | -100.0% |
| Taxes | 450/3 | €2,358 | €0 | -€2,358 | -100.0% |
| Other amounts payable | 47/48 | €14,752 | €56,496 | +€41,744 | +283.0% |
| Non-recurring operating income | 76A | €7,200 | €0 | -€7,200 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €456 | €1,249 | +€792 | +173.7% |
| Gross operating margin | 9900 | -€1,104 | -€6,678 | -€5,574 | -504.8% |
| Operating profit (loss) | 9901 | -€1,560 | -€7,927 | -€6,367 | -408.0% |
| Financial income | 75/76B | €96 | €3,885 | +€3,790 | +3959.8% |
| Recurring financial income | 75 | €96 | €3,885 | +€3,790 | +3959.8% |
| Financial charges | 65/66B | €110 | €3,031 | +€2,921 | +2655.4% |
| Recurring financial charges | 65 | €110 | €3,031 | +€2,921 | +2655.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,575 | -€7,073 | -€5,498 | -349.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,575 | -€7,073 | -€5,498 | -349.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,575 | -€7,073 | -€5,498 | -349.2% |
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 11 October 2026 via checked.be.