A-VISION: what changed
Two fiscal 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
- Stocks and contracts +€5.2m
up €5.2m (+293.0%), from €1.8m to €7.0m
- Cash -€87,453
down €87,453 (-28.7%), from €304,876 to €217,423
mainly Stocks and contracts (-€5.2m) and Net result for the year (-€78,230)
- Other debts +€2.7m
up €2.7m (+177.8%), from €1.5m to €4.2m
- Debts after one year +€2.5m
new in 2025: €2.5m
- Reserves -€78,230
down €78,230 (-98.2%), from €79,671 to €1,441
- Gross operating margin -€145,928
down €145,928, from €108,038 to -€37,890
- Financial charges +€33,688
up €33,688 (+600.0%), from €5,615 to €39,302
- Taxes -€21,030
down €21,030 (-100.0%), from €21,030 to €0
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.
Cash bridge derived
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 | €2,114,643 | €7,213,053 | +€5.1m | +241.1% |
| Fixed assets | 21/28 | €1,491 | €2,322 | +€831 | +55.8% |
| Tangible fixed assets | 22/27 | €1,491 | €2,322 | +€831 | +55.8% |
| Furniture and vehicles | 24 | €1,491 | €2,322 | +€831 | +55.8% |
| Current assets | 29/58 | €2,113,152 | €7,210,731 | +€5.1m | +241.2% |
| Stocks and contracts in progress | 3 | €1,770,174 | €6,957,553 | +€5.2m | +293.0% |
| Stocks | 30/36 | €1,770,174 | €6,957,553 | +€5.2m | +293.0% |
| Amounts receivable within one year | 40/41 | €33,174 | €30,477 | -€2,697 | -8.1% |
| Trade receivables | 40 | €33,174 | €9,527 | -€23,647 | -71.3% |
| Other amounts receivable | 41 | - | €20,951 | +€20,951 | |
| Cash at bank and in hand | 54/58 | €304,876 | €217,423 | -€87,453 | -28.7% |
| Deferred charges and accrued income | 490/1 | €4,928 | €5,277 | +€349 | +7.1% |
| Total equity and liabilities | 10/49 | €2,114,643 | €7,213,053 | +€5.1m | +241.1% |
| Equity | 10/15 | €579,671 | €501,441 | -€78,230 | -13.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €79,671 | €1,441 | -€78,230 | -98.2% |
| Distributable reserves | 133 | €79,671 | €1,441 | -€78,230 | -98.2% |
| Amounts payable | 17/49 | €1,534,972 | €6,711,611 | +€5.2m | +337.2% |
| Amounts payable after more than one year | 17 | - | €2,500,000 | +€2.5m | |
| Financial debts | 170/4 | - | €2,500,000 | +€2.5m | |
| Amounts payable within one year | 42/48 | €1,531,388 | €4,195,925 | +€2.7m | +174.0% |
| Trade debts | 44 | €1,228 | €10,561 | +€9,333 | +759.9% |
| Suppliers | 440/4 | €1,228 | €10,561 | +€9,333 | +759.9% |
| Taxes, remuneration and social security | 45 | €25,990 | €7,500 | -€18,490 | -71.1% |
| Taxes | 450/3 | €25,990 | €7,500 | -€18,490 | -71.1% |
| Other amounts payable | 47/48 | €1,504,170 | €4,177,864 | +€2.7m | +177.8% |
| Accrued charges and deferred income | 492/3 | €3,584 | €15,686 | +€12,103 | +337.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €493 | -€457 | -48.1% |
| Other operating charges | 640/8 | €772 | €544 | -€228 | -29.5% |
| Gross operating margin | 9900 | €108,038 | -€37,890 | -€145,928 | |
| Operating profit (loss) | 9901 | €106,316 | -€38,928 | -€145,243 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,615 | €39,302 | +€33,688 | +600.0% |
| Recurring financial charges | 65 | €5,615 | €39,302 | +€33,688 | +600.0% |
| Profit (loss) for the period before taxes | 9903 | €100,701 | -€78,230 | -€178,931 | |
| Income taxes | 67/77 | €21,030 | €0 | -€21,030 | -100.0% |
| Profit (loss) for the period | 9904 | €79,671 | -€78,230 | -€157,901 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,671 | -€78,230 | -€157,901 |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.