ADD VISION: what changed
ADD VISION
Largest movements
- Cash +€118,414
up €118,414 (+343%), from €34,522 to €152,936
mainly Net result for the year (+€103,985) and Receivables within one year (+€18,684)
- Receivables within one year -€18,684
down €18,684 (-90.4%), from €20,663 to €1,979
of which Trade receivables: -€18,672
- Tangible fixed assets +€8,820
up €8,820 (+21.6%), from €40,824 to €49,644
of which Furniture and vehicles: +€14,405
- Reserves +€74,890
up €74,890 (+503%), from €14,880 to €89,770
of which Distributable reserves: +€74,890
- Profit (loss) carried forward +€29,095
no longer reported in 2025 (was -€29,095)
- Tax, wage and social debts +€5,272
up €5,272 (+547%), from €964 to €6,236
- Gross operating margin +€135,817
up €135,817 (+1,049%), from €12,943 to €148,761
- Taxes +€32,541
up €32,541 (+9,127%), from €357 to €32,897
- Depreciation +€2,638
up €2,638 (+43.3%), from €6,093 to €8,731
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,164 | €249,699 | +€108,535 | +76.9% |
| Fixed assets | 21/28 | €40,825 | €49,645 | +€8,820 | +21.6% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €40,824 | €49,644 | +€8,820 | +21.6% |
| Land and buildings | 22 | €40,824 | €35,238 | -€5,585 | -13.7% |
| Furniture and vehicles | 24 | - | €14,405 | +€14,405 | |
| Current assets | 29/58 | €100,340 | €200,054 | +€99,714 | +99.4% |
| Stocks and contracts in progress | 3 | €42,588 | €41,089 | -€1,499 | -3.5% |
| Stocks | 30/36 | €42,588 | €41,089 | -€1,499 | -3.5% |
| Amounts receivable within one year | 40/41 | €20,663 | €1,979 | -€18,684 | -90.4% |
| Trade receivables | 40 | €20,453 | €1,781 | -€18,672 | -91.3% |
| Other amounts receivable | 41 | €210 | €198 | -€12 | -5.9% |
| Cash at bank and in hand | 54/58 | €34,522 | €152,936 | +€118,414 | +343% |
| Deferred charges and accrued income | 490/1 | €2,567 | €4,050 | +€1,484 | +57.8% |
| Total equity and liabilities | 10/49 | €141,164 | €249,699 | +€108,535 | +76.9% |
| Equity | 10/15 | -€1,815 | €102,170 | +€103,985 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,880 | €89,770 | +€74,890 | +503% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,387 | €3,387 | = | 0.0% |
| Distributable reserves | 133 | €9,639 | €84,529 | +€74,890 | +777% |
| Profit (loss) carried forward | 14 | -€29,095 | - | +€29,095 | |
| Amounts payable | 17/49 | €142,979 | €147,529 | +€4,550 | +3.2% |
| Amounts payable within one year | 42/48 | €139,512 | €144,622 | +€5,111 | +3.7% |
| Financial debts | 43 | - | €13 | +€13 | |
| Credit institutions | 430/8 | - | €13 | +€13 | |
| Trade debts | 44 | €3,298 | €4,719 | +€1,421 | +43.1% |
| Suppliers | 440/4 | €3,298 | €4,719 | +€1,421 | +43.1% |
| Taxes, remuneration and social security | 45 | €964 | €6,236 | +€5,272 | +547% |
| Taxes | 450/3 | €964 | €6,236 | +€5,272 | +547% |
| Other amounts payable | 47/48 | €135,250 | €133,655 | -€1,596 | -1.2% |
| Accrued charges and deferred income | 492/3 | €3,467 | €2,906 | -€561 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,093 | €8,731 | +€2,638 | +43.3% |
| Other operating charges | 640/8 | €2,915 | €2,737 | -€177 | -6.1% |
| Gross operating margin | 9900 | €12,943 | €148,761 | +€135,817 | +1,049% |
| Operating profit (loss) | 9901 | €3,936 | €137,292 | +€133,356 | +3,388% |
| Financial income | 75/76B | €3 | €284 | +€282 | +11,004% |
| Recurring financial income | 75 | €3 | €284 | +€282 | +11,004% |
| Financial charges | 65/66B | €674 | €694 | +€21 | +3.1% |
| Recurring financial charges | 65 | €674 | €694 | +€21 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €3,265 | €136,882 | +€133,618 | +4,093% |
| Income taxes | 67/77 | €357 | €32,897 | +€32,541 | +9,127% |
| Profit (loss) for the period | 9904 | €2,908 | €103,985 | +€101,077 | +3,476% |
| Profit (loss) for the period to be appropriated | 9905 | €2,908 | €103,985 | +€101,077 | +3,476% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.