DE VISSCHER: 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.
DE VISSCHER
Largest movements
- Current investments -€58,947
down €58,947 (-9.4%), from €625,931 to €566,984
- Cash +€20,650
up €20,650 (+409%), from €5,048 to €25,698
mainly Current investments (+€58,947) and Other debts (+€28,793)
- Profit (loss) carried forward -€63,206
down €63,206 (-102%), from -€61,717 to -€124,923
- Other debts +€28,793
up €28,793 (+61.5%), from €46,848 to €75,641
- Financial charges +€216,287
up €216,287, from -€212,401 to €3,886
- Gross operating margin -€64,323
down €64,323, from €8,064 to -€56,259
- Financial income +€56,763
up €56,763 (+96.5%), from €58,808 to €115,571
- Taxes -€3,552
down €3,552 (-22.7%), from €15,655 to €12,104
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 | €655,264 | €620,122 | -€35,142 | -5.4% |
| Fixed assets | 21/28 | €7,214 | €5,448 | -€1,766 | -24.5% |
| Tangible fixed assets | 22/27 | €7,214 | €5,448 | -€1,766 | -24.5% |
| Land and buildings | 22 | €6,649 | €5,448 | -€1,201 | -18.1% |
| Plant, machinery and equipment | 23 | €565 | €0 | -€565 | -100% |
| Current assets | 29/58 | €648,049 | €614,673 | -€33,376 | -5.2% |
| Amounts receivable within one year | 40/41 | €16,106 | €21,221 | +€5,115 | +31.8% |
| Trade receivables | 40 | €1,401 | €0 | -€1,401 | -100% |
| Other amounts receivable | 41 | €14,705 | €21,221 | +€6,516 | +44.3% |
| Current investments | 50/53 | €625,931 | €566,984 | -€58,947 | -9.4% |
| Cash at bank and in hand | 54/58 | €5,048 | €25,698 | +€20,650 | +409% |
| Deferred charges and accrued income | 490/1 | €965 | €771 | -€194 | -20.1% |
| Total equity and liabilities | 10/49 | €655,264 | €620,122 | -€35,142 | -5.4% |
| Equity | 10/15 | €605,454 | €542,248 | -€63,206 | -10.4% |
| Contributions | 10/11 | €276,995 | €276,995 | = | 0.0% |
| Reserves | 13 | €390,176 | €390,176 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,700 | €27,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,700 | €27,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €247 | €247 | = | 0.0% |
| Distributable reserves | 133 | €362,230 | €362,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,717 | -€124,923 | -€63,206 | -102% |
| Amounts payable | 17/49 | €49,810 | €77,874 | +€28,064 | +56.3% |
| Amounts payable within one year | 42/48 | €49,810 | €77,874 | +€28,064 | +56.3% |
| Trade debts | 44 | €1,279 | €388 | -€891 | -69.7% |
| Suppliers | 440/4 | €1,279 | €388 | -€891 | -69.7% |
| Taxes, remuneration and social security | 45 | €1,682 | €1,845 | +€162 | +9.7% |
| Taxes | 450/3 | €1,682 | €1,845 | +€162 | +9.7% |
| Other amounts payable | 47/48 | €46,848 | €75,641 | +€28,793 | +61.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,196 | €1,766 | -€429 | -19.6% |
| Other operating charges | 640/8 | €431 | €678 | +€247 | +57.4% |
| Non-recurring operating charges | 66A | €213,298 | €104,084 | -€109,214 | -51.2% |
| Gross operating margin | 9900 | €8,064 | -€56,259 | -€64,323 | |
| Operating profit (loss) | 9901 | -€207,859 | -€162,786 | +€45,073 | +21.7% |
| Financial income | 75/76B | €58,808 | €115,571 | +€56,763 | +96.5% |
| Recurring financial income | 75 | €58,808 | €115,571 | +€56,763 | +96.5% |
| Financial charges | 65/66B | -€212,401 | €3,886 | +€216,287 | |
| Recurring financial charges | 65 | -€212,401 | €3,886 | +€216,287 | |
| Profit (loss) for the period before taxes | 9903 | €63,349 | -€51,102 | -€114,451 | |
| Income taxes | 67/77 | €15,655 | €12,104 | -€3,552 | -22.7% |
| Profit (loss) for the period | 9904 | €47,694 | -€63,206 | -€110,900 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,694 | -€63,206 | -€110,900 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.