Vistar: 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.
Vistar
Largest movements
- Tangible fixed assets +€732,689
up €732,689 (+103%), from €711,537 to €1.4m
- Receivables within one year +€20,473
up €20,473 (+25.3%), from €81,056 to €101,529
of which Other amounts receivable: +€38,684
- Debts after one year +€676,208
up €676,208 (+89.9%), from €752,563 to €1.4m
- Current portion of long-term debt +€24,597
up €24,597 (+144%), from €17,140 to €41,737
- Trade debts +€19,198
new in 2025: €19,198
- Profit (loss) carried forward +€16,863
up €16,863 (+52.5%), from -€32,107 to -€15,243
- Gross operating margin +€33,667
up €33,667 (+83.1%), from €40,513 to €74,180
- Financial charges +€9,598
up €9,598 (+40.1%), from €23,916 to €33,514
- Depreciation +€2,986
up €2,986 (+15.4%), from €19,344 to €22,329
- Other operating charges +€2,536
up €2,536 (+89.9%), from €2,822 to €5,358
- Financial income +€821
up €821 (+26.8%), from €3,064 to €3,885
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 | €858,626 | €1,598,563 | +€739,936 | +86.2% |
| Fixed assets | 21/28 | €711,537 | €1,444,226 | +€732,689 | +103% |
| Tangible fixed assets | 22/27 | €711,537 | €1,444,226 | +€732,689 | +103% |
| Land and buildings | 22 | €711,537 | €1,444,226 | +€732,689 | +103% |
| Current assets | 29/58 | €147,090 | €154,337 | +€7,247 | +4.9% |
| Amounts receivable within one year | 40/41 | €81,056 | €101,529 | +€20,473 | +25.3% |
| Trade receivables | 40 | €18,211 | - | -€18,211 | |
| Other amounts receivable | 41 | €62,845 | €101,529 | +€38,684 | +61.6% |
| Cash at bank and in hand | 54/58 | €62,979 | €52,808 | -€10,171 | -16.2% |
| Deferred charges and accrued income | 490/1 | €3,055 | - | -€3,055 | |
| Total equity and liabilities | 10/49 | €858,626 | €1,598,563 | +€739,936 | +86.2% |
| Equity | 10/15 | -€29,107 | -€12,243 | +€16,863 | +57.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,107 | -€15,243 | +€16,863 | +52.5% |
| Amounts payable | 17/49 | €887,733 | €1,610,806 | +€723,073 | +81.5% |
| Amounts payable after more than one year | 17 | €752,563 | €1,428,771 | +€676,208 | +89.9% |
| Financial debts | 170/4 | €752,563 | €1,428,771 | +€676,208 | +89.9% |
| Amounts payable within one year | 42/48 | €135,170 | €182,035 | +€46,865 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €17,140 | €41,737 | +€24,597 | +144% |
| Trade debts | 44 | - | €19,198 | +€19,198 | |
| Suppliers | 440/4 | - | €19,198 | +€19,198 | |
| Other amounts payable | 47/48 | €118,030 | €121,100 | +€3,070 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,344 | €22,329 | +€2,986 | +15.4% |
| Other operating charges | 640/8 | €2,822 | €5,358 | +€2,536 | +89.9% |
| Gross operating margin | 9900 | €40,513 | €74,180 | +€33,667 | +83.1% |
| Operating profit (loss) | 9901 | €18,348 | €46,493 | +€28,145 | +153% |
| Financial income | 75/76B | €3,064 | €3,885 | +€821 | +26.8% |
| Recurring financial income | 75 | €3,064 | €3,885 | +€821 | +26.8% |
| Financial charges | 65/66B | €23,916 | €33,514 | +€9,598 | +40.1% |
| Recurring financial charges | 65 | €23,916 | €33,514 | +€9,598 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,504 | €16,863 | +€19,368 | |
| Profit (loss) for the period | 9904 | -€2,504 | €16,863 | +€19,368 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,504 | €16,863 | +€19,368 |
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 13 October 2026 via checked.be.