D.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.
D.VISION
Largest movements
- Cash -€156,158
down €156,158 (-52.5%), from €297,700 to €141,542
mainly Net result for the year (-€261,951) and Current portion of long-term debt (-€37,104)
- Tangible fixed assets -€26,341
down €26,341 (-79.0%), from €33,336 to €6,995
of which Furniture and vehicles: -€23,504
- Profit (loss) carried forward -€261,951
new in 2025: -€261,951
- Trade debts +€127,563
up €127,563 (+57.2%), from €223,128 to €350,691
- Current portion of long-term debt -€37,104
down €37,104 (-84.1%), from €44,109 to €7,006
- Tax, wage and social debts -€10,061
down €10,061 (-76.0%), from €13,243 to €3,182
of which Remuneration and social security: -€5,354
- Other debts +€9,368
up €9,368 (+33.4%), from €28,087 to €37,455
- Gross operating margin -€75,368
down €75,368 (-25.0%), from €301,588 to €226,220
- Staff costs +€22,775
up €22,775 (+9.3%), from €244,505 to €267,281
- Taxes +€20,115
new in 2025: €20,115
- Financial income -€5,082
down €5,082 (-39.7%), from €12,787 to €7,705
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 | €442,801 | €257,654 | -€185,147 | -41.8% |
| Fixed assets | 21/28 | €33,336 | €6,995 | -€26,341 | -79.0% |
| Tangible fixed assets | 22/27 | €33,336 | €6,995 | -€26,341 | -79.0% |
| Furniture and vehicles | 24 | €30,298 | €6,793 | -€23,504 | -77.6% |
| Other tangible fixed assets | 26 | €2,589 | €202 | -€2,386 | -92.2% |
| Assets under construction and advance payments | 27 | €450 | - | -€450 | |
| Current assets | 29/58 | €409,464 | €250,658 | -€158,806 | -38.8% |
| Stocks and contracts in progress | 3 | €70,702 | €68,310 | -€2,392 | -3.4% |
| Stocks | 30/36 | €70,702 | €68,310 | -€2,392 | -3.4% |
| Amounts receivable within one year | 40/41 | €37,647 | €37,353 | -€294 | -0.8% |
| Trade receivables | 40 | €35 | €30,000 | +€29,965 | +85614.3% |
| Other amounts receivable | 41 | €37,612 | €7,353 | -€30,259 | -80.5% |
| Cash at bank and in hand | 54/58 | €297,700 | €141,542 | -€156,158 | -52.5% |
| Deferred charges and accrued income | 490/1 | €3,415 | €3,453 | +€38 | +1.1% |
| Total equity and liabilities | 10/49 | €442,801 | €257,654 | -€185,147 | -41.8% |
| Equity | 10/15 | €128,932 | -€140,680 | -€269,612 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €90,906 | €90,906 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €87,906 | €87,906 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€261,951 | -€261,951 | |
| Investment grants | 15 | €8,026 | €366 | -€7,660 | -95.4% |
| Amounts payable | 17/49 | €313,869 | €398,334 | +€84,465 | +26.9% |
| Amounts payable after more than one year | 17 | €5,302 | - | -€5,302 | |
| Financial debts | 170/4 | €5,302 | - | -€5,302 | |
| Amounts payable within one year | 42/48 | €308,567 | €398,334 | +€89,767 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €44,109 | €7,006 | -€37,104 | -84.1% |
| Trade debts | 44 | €223,128 | €350,691 | +€127,563 | +57.2% |
| Suppliers | 440/4 | €223,128 | €350,691 | +€127,563 | +57.2% |
| Taxes, remuneration and social security | 45 | €13,243 | €3,182 | -€10,061 | -76.0% |
| Taxes | 450/3 | €4,708 | - | -€4,708 | |
| Remuneration and social security | 454/9 | €8,536 | €3,182 | -€5,354 | -62.7% |
| Other amounts payable | 47/48 | €28,087 | €37,455 | +€9,368 | +33.4% |
| Remuneration, social security and pensions | 62 | €244,505 | €267,281 | +€22,775 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,713 | €25,891 | +€2,178 | +9.2% |
| Other operating charges | 640/8 | €547 | €97 | -€450 | -82.3% |
| Non-recurring operating charges | 66A | - | €167,417 | +€167,417 | |
| Gross operating margin | 9900 | €301,588 | €226,220 | -€75,368 | -25.0% |
| Operating profit (loss) | 9901 | €32,823 | -€234,466 | -€267,288 | |
| Financial income | 75/76B | €12,787 | €7,705 | -€5,082 | -39.7% |
| Recurring financial income | 75 | €12,787 | €7,705 | -€5,082 | -39.7% |
| Financial charges | 65/66B | €14,227 | €15,076 | +€849 | +6.0% |
| Recurring financial charges | 65 | €14,227 | €15,076 | +€849 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €31,383 | -€241,836 | -€273,220 | |
| Income taxes | 67/77 | - | €20,115 | +€20,115 | |
| Profit (loss) for the period | 9904 | €31,383 | -€261,951 | -€293,335 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,383 | -€261,951 | -€293,335 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.