Villa Vesters: what changed
What changed
Villa Vesters
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€100,132
2024 · €171,869-€71,736
Equity
€1.6m
2024 · €1.5m+€100,132
Cash
€49,031
2024 · €113,353-€64,322
Balance sheet total
€1.6m
2024 · €1.6m+€37,917
Largest movements
Assets
- Receivables within one year +€149,690
up €149,690 (+57.3%), from €261,400 to €411,090
of which Other amounts receivable: +€148,001
- Tangible fixed assets -€66,522
down €66,522 (-12.9%), from €514,289 to €447,767
of which Furniture and vehicles: -€47,383
- Cash -€64,322
down €64,322 (-56.7%), from €113,353 to €49,031
mainly Receivables within one year (-€149,690) and Trade debts (-€26,420)
Equity and liabilities
- Reserves +€100,132
up €100,132 (+7.6%), from €1.3m to €1.4m
of which Distributable reserves: +€100,132
- Trade debts -€26,420
down €26,420 (-87.0%), from €30,379 to €3,959
- Current portion of long-term debt -€17,046
down €17,046 (-100%), from €17,046 to €0
Income statement
- Gross operating margin -€218,993
down €218,993 (-66.9%), from €327,425 to €108,432
- Depreciation -€59,431
down €59,431 (-67.1%), from €88,624 to €29,193
- Taxes -€34,655
down €34,655 (-47.8%), from €72,551 to €37,897
- Write-downs -€26,000
new in 2025: -€26,000
- Financial income +€25,186
up €25,186 (+182%), from €13,816 to €39,002
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€171,869
Gross operating margin
-€218,993
Depreciation
+€59,431
Write-downs
+€26,000
Other operating charges
+€1,293
Financial income
+€25,186
Financial charges
+€693
Taxes
+€34,655
Result 2025
€100,132
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€63,574
Investment
+€25,660
Financing
-€26,408
Cash 2024
€113,353
From operations (derived)
-€63,574
Net result for the year
+€100,132
Depreciation
+€29,193
Receivables within one year
-€149,690
Deferred charges and accrued income
-€7,401
Trade debts
-€26,420
Tax, wage and social debts
-€8,170
Accrued charges and deferred income
-€1,219
Investment (derived)
+€25,660
Investment in fixed assets (net)
+€37,329
Current investments
-€11,669
Financing
-€26,408
Debts after one year
-€8,825
Current portion of long-term debt
-€17,046
Short-term financial debts
-€537
Cash 2025
€49,031
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,587,115 | €1,625,032 | +€37,917 | +2.4% |
| Fixed assets | 21/28 | €514,289 | €447,767 | -€66,522 | -12.9% |
| Tangible fixed assets | 22/27 | €514,289 | €447,767 | -€66,522 | -12.9% |
| Land and buildings | 22 | €455,078 | €434,225 | -€20,853 | -4.6% |
| Plant, machinery and equipment | 23 | €253 | €1,968 | +€1,715 | +676% |
| Furniture and vehicles | 24 | €58,957 | €11,574 | -€47,383 | -80.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €1,072,826 | €1,177,265 | +€104,438 | +9.7% |
| Amounts receivable within one year | 40/41 | €261,400 | €411,090 | +€149,690 | +57.3% |
| Trade receivables | 40 | €9,402 | €11,091 | +€1,690 | +18.0% |
| Other amounts receivable | 41 | €251,998 | €399,999 | +€148,001 | +58.7% |
| Current investments | 50/53 | €683,862 | €695,531 | +€11,669 | +1.7% |
| Cash at bank and in hand | 54/58 | €113,353 | €49,031 | -€64,322 | -56.7% |
| Deferred charges and accrued income | 490/1 | €14,211 | €21,612 | +€7,401 | +52.1% |
| Total equity and liabilities | 10/49 | €1,587,115 | €1,625,032 | +€37,917 | +2.4% |
| Equity | 10/15 | €1,477,670 | €1,577,803 | +€100,132 | +6.8% |
| Contributions | 10/11 | €153,592 | €153,592 | = | 0.0% |
| Reserves | 13 | €1,324,078 | €1,424,211 | +€100,132 | +7.6% |
| Non-distributable reserves | 130/1 | €15,359 | €15,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,359 | €15,359 | = | 0.0% |
| Tax-exempt reserves | 132 | €145,050 | €145,050 | = | 0.0% |
| Distributable reserves | 133 | €1,163,669 | €1,263,802 | +€100,132 | +8.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €109,445 | €47,229 | -€62,216 | -56.8% |
| Amounts payable after more than one year | 17 | €8,825 | €0 | -€8,825 | -100% |
| Financial debts | 170/4 | €8,825 | €0 | -€8,825 | -100% |
| Amounts payable within one year | 42/48 | €97,920 | €45,748 | -€52,173 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €17,046 | €0 | -€17,046 | -100% |
| Financial debts | 43 | €537 | €0 | -€537 | -100% |
| Credit institutions | 430/8 | €537 | €0 | -€537 | -100% |
| Trade debts | 44 | €30,379 | €3,959 | -€26,420 | -87.0% |
| Suppliers | 440/4 | €30,379 | €3,959 | -€26,420 | -87.0% |
| Taxes, remuneration and social security | 45 | €49,958 | €41,788 | -€8,170 | -16.4% |
| Taxes | 450/3 | €45,977 | €38,788 | -€7,189 | -15.6% |
| Remuneration and social security | 454/9 | €3,981 | €3,000 | -€981 | -24.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,700 | €1,482 | -€1,219 | -45.1% |
| Non-recurring operating income | 76A | €401,953 | €8,486 | -€393,468 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,624 | €29,193 | -€59,431 | -67.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€26,000 | -€26,000 | |
| Other operating charges | 640/8 | €6,251 | €4,959 | -€1,293 | -20.7% |
| Gross operating margin | 9900 | €327,425 | €108,432 | -€218,993 | -66.9% |
| Operating profit (loss) | 9901 | €232,550 | €100,280 | -€132,270 | -56.9% |
| Financial income | 75/76B | €13,816 | €39,002 | +€25,186 | +182% |
| Recurring financial income | 75 | €13,816 | €39,002 | +€25,186 | +182% |
| Financial charges | 65/66B | €1,946 | €1,253 | -€693 | -35.6% |
| Recurring financial charges | 65 | €1,946 | €1,253 | -€693 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €244,420 | €138,029 | -€106,391 | -43.5% |
| Income taxes | 67/77 | €72,551 | €37,897 | -€34,655 | -47.8% |
| Profit (loss) for the period | 9904 | €171,869 | €100,132 | -€71,736 | -41.7% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €171,869 | €100,132 | -€71,736 | -41.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.