A VISION: 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.
A VISION
Largest movements
- Current investments +€249,449
new in 2025: €249,449
- Cash -€187,506
down €187,506 (-78.8%), from €238,039 to €50,533
mainly Current investments (-€249,449) and Receivables within one year (-€1,266)
- Tangible fixed assets -€10,977
down €10,977 (-19.9%), from €55,181 to €44,203
of which Furniture and vehicles: -€10,484
- Reserves +€35,358
up €35,358 (+20.6%), from €172,041 to €207,399
- Tax, wage and social debts +€13,214
up €13,214 (+106%), from €12,461 to €25,675
- Gross operating margin +€5,449
up €5,449 (+9.1%), from €60,100 to €65,548
- Depreciation +€2,270
up €2,270 (+26.1%), from €8,708 to €10,977
- Taxes +€1,086
up €1,086 (+6.3%), from €17,156 to €18,242
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 | €316,447 | €368,345 | +€51,898 | +16.4% |
| Fixed assets | 21/28 | €55,181 | €44,203 | -€10,977 | -19.9% |
| Tangible fixed assets | 22/27 | €55,181 | €44,203 | -€10,977 | -19.9% |
| Land and buildings | 22 | €12,844 | €12,351 | -€493 | -3.8% |
| Furniture and vehicles | 24 | €42,337 | €31,853 | -€10,484 | -24.8% |
| Current assets | 29/58 | €261,266 | €324,141 | +€62,875 | +24.1% |
| Amounts receivable within one year | 40/41 | €21,946 | €23,212 | +€1,266 | +5.8% |
| Trade receivables | 40 | €20,508 | €23,204 | +€2,697 | +13.1% |
| Other amounts receivable | 41 | €1,438 | €8 | -€1,431 | -99.5% |
| Current investments | 50/53 | - | €249,449 | +€249,449 | |
| Cash at bank and in hand | 54/58 | €238,039 | €50,533 | -€187,506 | -78.8% |
| Deferred charges and accrued income | 490/1 | €1,281 | €947 | -€335 | -26.1% |
| Total equity and liabilities | 10/49 | €316,447 | €368,345 | +€51,898 | +16.4% |
| Equity | 10/15 | €190,633 | €225,991 | +€35,358 | +18.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €172,041 | €207,399 | +€35,358 | +20.6% |
| Distributable reserves | 133 | €172,041 | €207,399 | +€35,358 | +20.6% |
| Provisions and deferred taxes | 16 | €111,552 | €111,552 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €111,552 | €111,552 | = | 0.0% |
| Pensions and similar obligations | 160 | €111,552 | €111,552 | = | 0.0% |
| Amounts payable | 17/49 | €14,262 | €30,802 | +€16,540 | +116% |
| Amounts payable within one year | 42/48 | €14,262 | €30,802 | +€16,540 | +116% |
| Trade debts | 44 | €237 | €2,404 | +€2,167 | +914% |
| Suppliers | 440/4 | €237 | €2,404 | +€2,167 | +914% |
| Taxes, remuneration and social security | 45 | €12,461 | €25,675 | +€13,214 | +106% |
| Taxes | 450/3 | €12,461 | €25,675 | +€13,214 | +106% |
| Other amounts payable | 47/48 | €1,564 | €2,724 | +€1,159 | +74.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,708 | €10,977 | +€2,270 | +26.1% |
| Other operating charges | 640/8 | €1,357 | €1,344 | -€13 | -1.0% |
| Gross operating margin | 9900 | €60,100 | €65,548 | +€5,449 | +9.1% |
| Operating profit (loss) | 9901 | €50,035 | €53,227 | +€3,192 | +6.4% |
| Financial income | 75/76B | €644 | €544 | -€100 | -15.5% |
| Recurring financial income | 75 | €644 | €544 | -€100 | -15.5% |
| Financial charges | 65/66B | €358 | €171 | -€188 | -52.3% |
| Recurring financial charges | 65 | €358 | €171 | -€188 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €50,321 | €53,600 | +€3,279 | +6.5% |
| Income taxes | 67/77 | €17,156 | €18,242 | +€1,086 | +6.3% |
| Profit (loss) for the period | 9904 | €33,164 | €35,358 | +€2,194 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,164 | €35,358 | +€2,194 | +6.6% |
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 29 October 2026 via checked.be.