Villa Vesta: 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.
Villa Vesta
Largest movements
- Current investments +€300,000
up €300,000 (+293%), from €102,399 to €402,399
- Cash -€223,239
down €223,239 (-68.0%), from €328,460 to €105,221
mainly Current investments (-€300,000) and Contributions, distributions and other (-€29,500)
- Receivables within one year +€6,926
up €6,926 (+50.2%), from €13,790 to €20,716
of which Trade receivables: +€8,192
- Reserves +€40,290
up €40,290 (+9.6%), from €419,137 to €459,427
of which Distributable reserves: +€40,290
- Tax, wage and social debts +€22,619
up €22,619 (+905%), from €2,500 to €25,119
- Other debts +€19,641
up €19,641 (+190%), from €10,338 to €29,979
- Gross operating margin +€37,224
up €37,224 (+58.8%), from €63,319 to €100,543
- Taxes +€10,307
up €10,307 (+58.3%), from €17,692 to €27,999
- Financial charges -€1,200
down €1,200 (-33.7%), from €3,560 to €2,360
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 | €445,148 | €528,723 | +€83,575 | +18.8% |
| Fixed assets | 21/28 | €499 | €387 | -€112 | -22.4% |
| Tangible fixed assets | 22/27 | €499 | €387 | -€112 | -22.4% |
| Plant, machinery and equipment | 23 | €499 | €387 | -€112 | -22.4% |
| Current assets | 29/58 | €444,649 | €528,336 | +€83,687 | +18.8% |
| Amounts receivable within one year | 40/41 | €13,790 | €20,716 | +€6,926 | +50.2% |
| Trade receivables | 40 | €9,753 | €17,945 | +€8,192 | +84.0% |
| Other amounts receivable | 41 | €4,037 | €2,771 | -€1,266 | -31.4% |
| Current investments | 50/53 | €102,399 | €402,399 | +€300,000 | +293% |
| Cash at bank and in hand | 54/58 | €328,460 | €105,221 | -€223,239 | -68.0% |
| Total equity and liabilities | 10/49 | €445,148 | €528,723 | +€83,575 | +18.8% |
| Equity | 10/15 | €425,337 | €465,627 | +€40,290 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €419,137 | €459,427 | +€40,290 | +9.6% |
| 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 | €417,277 | €457,567 | +€40,290 | +9.7% |
| Amounts payable | 17/49 | €19,811 | €63,096 | +€43,285 | +218% |
| Amounts payable within one year | 42/48 | €19,811 | €63,096 | +€43,285 | +218% |
| Financial debts | 43 | €6,667 | €6,667 | = | 0.0% |
| Credit institutions | 430/8 | €6,667 | €6,667 | = | 0.0% |
| Trade debts | 44 | €306 | €1,331 | +€1,025 | +335% |
| Suppliers | 440/4 | €306 | €1,331 | +€1,025 | +335% |
| Taxes, remuneration and social security | 45 | €2,500 | €25,119 | +€22,619 | +905% |
| Taxes | 450/3 | €2,500 | €25,119 | +€22,619 | +905% |
| Other amounts payable | 47/48 | €10,338 | €29,979 | +€19,641 | +190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | €112 | -€394 | -77.9% |
| Other operating charges | 640/8 | €1,474 | €1,055 | -€419 | -28.4% |
| Gross operating margin | 9900 | €63,319 | €100,543 | +€37,224 | +58.8% |
| Operating profit (loss) | 9901 | €61,339 | €99,376 | +€38,037 | +62.0% |
| Financial income | 75/76B | €1,577 | €773 | -€804 | -51.0% |
| Recurring financial income | 75 | €1,577 | €773 | -€804 | -51.0% |
| Financial charges | 65/66B | €3,560 | €2,360 | -€1,200 | -33.7% |
| Recurring financial charges | 65 | €3,560 | €2,360 | -€1,200 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €59,356 | €97,789 | +€38,433 | +64.7% |
| Income taxes | 67/77 | €17,692 | €27,999 | +€10,307 | +58.3% |
| Profit (loss) for the period | 9904 | €41,664 | €69,790 | +€28,126 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,664 | €69,790 | +€28,126 | +67.5% |
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 1 November 2026 via checked.be.