Vestra: 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.
What changed
Vestra
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€220,858
2024 · -€366,851+€145,993
Equity
€2.6m
2024 · €2.9m-€220,858
Cash
€6,487
2024 · €21,387-€14,901
Balance sheet total
€6.2m
2024 · €5.7m+€451,471
Largest movements
Assets
- Stocks and contracts +€483,955
up €483,955 (+8.7%), from €5.6m to €6.1m
Equity and liabilities
- Other debts +€1.2m
up €1.2m (+207%), from €560,461 to €1.7m
- Short-term financial debts -€328,600
down €328,600 (-15.9%), from €2.1m to €1.7m
- Profit (loss) carried forward -€220,858
down €220,858 (-60.2%), from -€366,851 to -€587,709
- Trade debts -€163,139
down €163,139 (-62.5%), from €260,822 to €97,683
Income statement
- Gross operating margin +€111,593
up €111,593 (+35.2%), from -€317,222 to -€205,629
- Financial charges -€53,071
down €53,071 (-95.3%), from €55,679 to €2,608
- Financial income -€17,691
no longer reported in 2025 (was €17,691)
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
-€366,851
Gross operating margin
+€111,593
Other operating charges
-€1,776
Financial income
-€17,691
Financial charges
+€53,071
Taxes
+€796
Result 2025
-€220,858
raises the resultlowers the result
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.
From operations
+€313,699
Investment
€0
Financing
-€328,600
Cash 2024
€21,387
From operations (derived)
+€313,699
Net result for the year
-€220,858
Depreciation
+€9,911
Stocks and contracts
-€483,955
Receivables within one year
+€5,792
Deferred charges and accrued income
+€1,880
Trade debts
-€163,139
Other debts
+€1.2m
Accrued charges and deferred income
+€3,642
Financing
-€328,600
Short-term financial debts
-€328,600
Cash 2025
€6,487
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,745,826 | €6,197,297 | +€451,471 | +7.9% |
| Fixed assets | 21/28 | €45,703 | €35,791 | -€9,911 | -21.7% |
| Intangible fixed assets | 21 | €15,301 | €9,796 | -€5,505 | -36.0% |
| Tangible fixed assets | 22/27 | €24,951 | €20,545 | -€4,406 | -17.7% |
| Land and buildings | 22 | €24,951 | €20,545 | -€4,406 | -17.7% |
| Financial fixed assets | 28 | €5,450 | €5,450 | = | 0.0% |
| Current assets | 29/58 | €5,700,123 | €6,161,506 | +€461,383 | +8.1% |
| Stocks and contracts in progress | 3 | €5,594,144 | €6,078,099 | +€483,955 | +8.7% |
| Stocks | 30/36 | €5,594,144 | €6,078,099 | +€483,955 | +8.7% |
| Amounts receivable within one year | 40/41 | €82,712 | €76,920 | -€5,792 | -7.0% |
| Trade receivables | 40 | €52,487 | €55,414 | +€2,927 | +5.6% |
| Other amounts receivable | 41 | €30,224 | €21,505 | -€8,719 | -28.8% |
| Cash at bank and in hand | 54/58 | €21,387 | €6,487 | -€14,901 | -69.7% |
| Deferred charges and accrued income | 490/1 | €1,880 | - | -€1,880 | |
| Total equity and liabilities | 10/49 | €5,745,826 | €6,197,297 | +€451,471 | +7.9% |
| Equity | 10/15 | €2,851,956 | €2,631,098 | -€220,858 | -7.7% |
| Contributions | 10/11 | €3,061,500 | €3,061,500 | = | 0.0% |
| Capital | 10 | €3,061,500 | €3,061,500 | = | 0.0% |
| Issued capital | 100 | €3,061,500 | €3,061,500 | = | 0.0% |
| Reserves | 13 | €157,307 | €157,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,483 | €10,483 | = | 0.0% |
| Legal reserve | 130 | €10,483 | €10,483 | = | 0.0% |
| Distributable reserves | 133 | €146,824 | €146,824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€366,851 | -€587,709 | -€220,858 | -60.2% |
| Amounts payable | 17/49 | €2,893,870 | €3,566,199 | +€672,329 | +23.2% |
| Amounts payable within one year | 42/48 | €2,891,283 | €3,559,970 | +€668,687 | +23.1% |
| Financial debts | 43 | €2,070,000 | €1,741,400 | -€328,600 | -15.9% |
| Credit institutions | 430/8 | €2,070,000 | €1,741,400 | -€328,600 | -15.9% |
| Trade debts | 44 | €260,822 | €97,683 | -€163,139 | -62.5% |
| Suppliers | 440/4 | €260,822 | €97,683 | -€163,139 | -62.5% |
| Other amounts payable | 47/48 | €560,461 | €1,720,887 | +€1.2m | +207% |
| Accrued charges and deferred income | 492/3 | €2,587 | €6,229 | +€3,642 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,911 | €9,911 | = | 0.0% |
| Other operating charges | 640/8 | €1,022 | €2,798 | +€1,776 | +174% |
| Gross operating margin | 9900 | -€317,222 | -€205,629 | +€111,593 | +35.2% |
| Operating profit (loss) | 9901 | -€328,155 | -€218,338 | +€109,817 | +33.5% |
| Financial income | 75/76B | €17,691 | - | -€17,691 | |
| Recurring financial income | 75 | €17,691 | - | -€17,691 | |
| Financial charges | 65/66B | €55,679 | €2,608 | -€53,071 | -95.3% |
| Recurring financial charges | 65 | €55,679 | €2,608 | -€53,071 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€366,143 | -€220,946 | +€145,197 | +39.7% |
| Income taxes | 67/77 | €708 | -€88 | -€796 | |
| Profit (loss) for the period | 9904 | -€366,851 | -€220,858 | +€145,993 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€366,851 | -€220,858 | +€145,993 | +39.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.