BO - 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.
BO - VISION
Largest movements
- Receivables within one year +€54,569
up €54,569 (+77.7%), from €70,231 to €124,800
of which Trade receivables: +€124,022
- Tangible fixed assets -€14,711
down €14,711 (-4.0%), from €364,411 to €349,700
of which Land and buildings: -€14,414
- Profit (loss) carried forward +€61,807
up €61,807 (+9.7%), from -€637,187 to -€575,380
- Other debts -€54,004
down €54,004 (-65.4%), from €82,550 to €28,546
- Accrued charges and deferred income +€23,735
up €23,735 (+33.8%), from €70,208 to €93,943
- Trade debts +€7,209
up €7,209 (+8.4%), from €85,963 to €93,172
- Gross operating margin +€126,937
up €126,937, from -€19,753 to €107,185
- Depreciation -€6,614
down €6,614 (-31.0%), from €21,325 to €14,711
- Other operating charges +€5,401
up €5,401 (+538%), from €1,004 to €6,405
- Financial charges +€5,005
up €5,005 (+26.0%), from €19,257 to €24,262
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 | €437,195 | €475,961 | +€38,766 | +8.9% |
| Fixed assets | 21/28 | €364,411 | €349,700 | -€14,711 | -4.0% |
| Tangible fixed assets | 22/27 | €364,411 | €349,700 | -€14,711 | -4.0% |
| Land and buildings | 22 | €364,115 | €349,700 | -€14,414 | -4.0% |
| Furniture and vehicles | 24 | €297 | €0 | -€297 | -100% |
| Current assets | 29/58 | €72,784 | €126,261 | +€53,477 | +73.5% |
| Amounts receivable within one year | 40/41 | €70,231 | €124,800 | +€54,569 | +77.7% |
| Trade receivables | 40 | - | €124,022 | +€124,022 | |
| Other amounts receivable | 41 | €70,231 | €778 | -€69,453 | -98.9% |
| Cash at bank and in hand | 54/58 | €2,553 | €870 | -€1,682 | -65.9% |
| Deferred charges and accrued income | 490/1 | - | €590 | +€590 | |
| Total equity and liabilities | 10/49 | €437,195 | €475,961 | +€38,766 | +8.9% |
| Equity | 10/15 | -€263,004 | -€201,198 | +€61,807 | +23.5% |
| Contributions | 10/11 | €90,481 | €90,481 | = | 0.0% |
| Capital | 10 | €90,481 | €90,481 | = | 0.0% |
| Issued capital | 100 | €90,481 | €90,481 | = | 0.0% |
| Revaluation surpluses | 12 | €250,228 | €250,228 | = | 0.0% |
| Reserves | 13 | €33,473 | €33,473 | = | 0.0% |
| Distributable reserves | 133 | €33,473 | €33,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€637,187 | -€575,380 | +€61,807 | +9.7% |
| Amounts payable | 17/49 | €700,199 | €677,159 | -€23,040 | -3.3% |
| Amounts payable after more than one year | 17 | €460,848 | €460,848 | = | 0.0% |
| Financial debts | 170/4 | €460,848 | €460,848 | = | 0.0% |
| Amounts payable within one year | 42/48 | €169,142 | €122,367 | -€46,775 | -27.7% |
| Trade debts | 44 | €85,963 | €93,172 | +€7,209 | +8.4% |
| Suppliers | 440/4 | €85,963 | €93,172 | +€7,209 | +8.4% |
| Taxes, remuneration and social security | 45 | €630 | €649 | +€20 | +3.1% |
| Taxes | 450/3 | €630 | €649 | +€20 | +3.1% |
| Other amounts payable | 47/48 | €82,550 | €28,546 | -€54,004 | -65.4% |
| Accrued charges and deferred income | 492/3 | €70,208 | €93,943 | +€23,735 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,325 | €14,711 | -€6,614 | -31.0% |
| Other operating charges | 640/8 | €1,004 | €6,405 | +€5,401 | +538% |
| Gross operating margin | 9900 | -€19,753 | €107,185 | +€126,937 | |
| Operating profit (loss) | 9901 | -€42,081 | €86,068 | +€128,150 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €19,257 | €24,262 | +€5,005 | +26.0% |
| Recurring financial charges | 65 | €19,257 | €24,262 | +€5,005 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€61,338 | €61,807 | +€123,145 | |
| Profit (loss) for the period | 9904 | -€61,338 | €61,807 | +€123,145 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,338 | €61,807 | +€123,145 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.