Vestlima: 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.
Vestlima
Largest movements
- Receivables within one year -€69,016
down €69,016 (-53.9%), from €128,016 to €59,000
- Cash +€49,284
up €49,284 (+1,143%), from €4,313 to €53,597
mainly Receivables within one year (+€69,016) and Depreciation (+€21,312)
- Tangible fixed assets -€21,312
down €21,312 (-7.0%), from €303,208 to €281,897
- Debts after one year -€55,042
down €55,042 (-7.6%), from €721,902 to €666,860
- Profit (loss) carried forward +€13,710
up €13,710 (+20.2%), from -€67,718 to -€54,008
- Gross operating margin +€14,614
up €14,614 (+53.4%), from €27,380 to €41,994
- Financial charges -€472
down €472 (-10.4%), from €4,550 to €4,077
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 | €685,537 | €644,494 | -€41,044 | -6.0% |
| Fixed assets | 21/28 | €553,208 | €531,897 | -€21,312 | -3.9% |
| Tangible fixed assets | 22/27 | €303,208 | €281,897 | -€21,312 | -7.0% |
| Land and buildings | 22 | €303,208 | €281,897 | -€21,312 | -7.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €132,329 | €112,597 | -€19,732 | -14.9% |
| Amounts receivable within one year | 40/41 | €128,016 | €59,000 | -€69,016 | -53.9% |
| Other amounts receivable | 41 | €128,016 | €59,000 | -€69,016 | -53.9% |
| Cash at bank and in hand | 54/58 | €4,313 | €53,597 | +€49,284 | +1,143% |
| Total equity and liabilities | 10/49 | €685,537 | €644,494 | -€41,044 | -6.0% |
| Equity | 10/15 | -€49,118 | -€35,408 | +€13,710 | +27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,718 | -€54,008 | +€13,710 | +20.2% |
| Amounts payable | 17/49 | €734,656 | €679,902 | -€54,754 | -7.5% |
| Amounts payable after more than one year | 17 | €721,902 | €666,860 | -€55,042 | -7.6% |
| Financial debts | 170/4 | €721,902 | €666,860 | -€55,042 | -7.6% |
| Amounts payable within one year | 42/48 | €12,754 | €13,042 | +€288 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €12,754 | €13,042 | +€288 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,312 | €21,312 | = | 0.0% |
| Other operating charges | 640/8 | €2,808 | €2,895 | +€87 | +3.1% |
| Gross operating margin | 9900 | €27,380 | €41,994 | +€14,614 | +53.4% |
| Operating profit (loss) | 9901 | €3,260 | €17,788 | +€14,527 | +446% |
| Financial charges | 65/66B | €4,550 | €4,077 | -€472 | -10.4% |
| Recurring financial charges | 65 | €4,550 | €4,077 | -€472 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,289 | €13,710 | +€15,000 | |
| Profit (loss) for the period | 9904 | -€1,289 | €13,710 | +€15,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,289 | €13,710 | +€15,000 |
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 24 October 2026 via checked.be.