AD - VISIE: 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.
AD - VISIE
Largest movements
- Cash +€15,882
up €15,882 (+243%), from €6,544 to €22,426
mainly Other debts (+€8,936) and Net result for the year (+€6,935)
- Tangible fixed assets -€611
down €611 (-6.9%), from €8,882 to €8,271
of which Plant, machinery and equipment: -€2,694
- Other debts +€8,936
up €8,936 (+46.1%), from €19,372 to €28,308
- Profit (loss) carried forward +€4,818
up €4,818 (+14.9%), from -€32,313 to -€27,494
- Tax, wage and social debts +€1,261
up €1,261 (+73.9%), from €1,707 to €2,968
- Trade debts +€422
up €422 (+89.1%), from €474 to €896
- Gross operating margin +€5,795
up €5,795 (+83.8%), from €6,914 to €12,709
- Other operating charges +€680
up €680 (+111%), from €611 to €1,292
- Depreciation +€205
up €205 (+4.8%), from €4,224 to €4,429
- Taxes -€166
down €166 (-100%), from €166 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.
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 | €15,777 | €31,214 | +€15,437 | +97.8% |
| Fixed assets | 21/28 | €8,882 | €8,271 | -€611 | -6.9% |
| Tangible fixed assets | 22/27 | €8,882 | €8,271 | -€611 | -6.9% |
| Plant, machinery and equipment | 23 | €5,984 | €3,290 | -€2,694 | -45.0% |
| Furniture and vehicles | 24 | €2,898 | €4,981 | +€2,082 | +71.9% |
| Current assets | 29/58 | €6,894 | €22,943 | +€16,049 | +233% |
| Amounts receivable within one year | 40/41 | €11 | €262 | +€252 | +2,305% |
| Trade receivables | 40 | €0 | €262 | +€262 | |
| Other amounts receivable | 41 | €11 | €0 | -€11 | -100% |
| Cash at bank and in hand | 54/58 | €6,544 | €22,426 | +€15,882 | +243% |
| Deferred charges and accrued income | 490/1 | €340 | €254 | -€85 | -25.1% |
| Total equity and liabilities | 10/49 | €15,777 | €31,214 | +€15,437 | +97.8% |
| Equity | 10/15 | -€5,776 | -€958 | +€4,818 | +83.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,937 | €7,937 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,077 | €6,077 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,077 | €6,077 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,313 | -€27,494 | +€4,818 | +14.9% |
| Amounts payable | 17/49 | €21,553 | €32,172 | +€10,619 | +49.3% |
| Amounts payable within one year | 42/48 | €21,553 | €32,172 | +€10,619 | +49.3% |
| Trade debts | 44 | €474 | €896 | +€422 | +89.1% |
| Suppliers | 440/4 | €474 | €896 | +€422 | +89.1% |
| Taxes, remuneration and social security | 45 | €1,707 | €2,968 | +€1,261 | +73.9% |
| Taxes | 450/3 | €1,707 | €2,968 | +€1,261 | +73.9% |
| Other amounts payable | 47/48 | €19,372 | €28,308 | +€8,936 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,224 | €4,429 | +€205 | +4.8% |
| Other operating charges | 640/8 | €611 | €1,292 | +€680 | +111% |
| Gross operating margin | 9900 | €6,914 | €12,709 | +€5,795 | +83.8% |
| Operating profit (loss) | 9901 | €2,078 | €6,989 | +€4,910 | +236% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €134 | €92 | -€42 | -31.6% |
| Recurring financial charges | 65 | €134 | €92 | -€42 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €1,944 | €6,935 | +€4,991 | +257% |
| Income taxes | 67/77 | €166 | €0 | -€166 | -100% |
| Profit (loss) for the period | 9904 | €1,778 | €6,935 | +€5,157 | +290% |
| Profit (loss) for the period to be appropriated | 9905 | €1,778 | €6,935 | +€5,157 | +290% |
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 19 October 2026 via checked.be.