Development with 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.
Development with vision
Largest movements
- Cash +€756,181
up €756,181 (+492.5%), from €153,537 to €909,718
mainly Net result for the year (+€624,332) and Receivables within one year (+€361,586)
- Receivables within one year -€361,586
down €361,586 (-91.1%), from €396,885 to €35,299
of which Trade receivables: -€364,845
- Reserves +€624,332
up €624,332 (+6660.7%), from €9,373 to €633,705
of which Distributable reserves: +€624,332
- Other debts -€368,493
down €368,493 (-91.3%), from €403,390 to €34,897
- Tax, wage and social debts +€128,278
up €128,278 (+180.3%), from €71,165 to €199,443
- Gross operating margin +€303,427
up €303,427 (+49.4%), from €614,404 to €917,831
- Taxes +€142,423
up €142,423 (+98.5%), from €144,622 to €287,046
- Depreciation -€10,887
down €10,887 (-67.2%), from €16,190 to €5,304
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 | €557,987 | €947,412 | +€389,425 | +69.8% |
| Fixed assets | 21/28 | €5,503 | €199 | -€5,304 | -96.4% |
| Tangible fixed assets | 22/27 | €5,503 | €199 | -€5,304 | -96.4% |
| Plant, machinery and equipment | 23 | €337 | €199 | -€138 | -40.9% |
| Furniture and vehicles | 24 | €5,166 | €0 | -€5,166 | -100.0% |
| Current assets | 29/58 | €552,485 | €947,213 | +€394,728 | +71.4% |
| Amounts receivable within one year | 40/41 | €396,885 | €35,299 | -€361,586 | -91.1% |
| Trade receivables | 40 | €389,382 | €24,537 | -€364,845 | -93.7% |
| Other amounts receivable | 41 | €7,503 | €10,762 | +€3,260 | +43.4% |
| Cash at bank and in hand | 54/58 | €153,537 | €909,718 | +€756,181 | +492.5% |
| Deferred charges and accrued income | 490/1 | €2,063 | €2,196 | +€133 | +6.5% |
| Total equity and liabilities | 10/49 | €557,987 | €947,412 | +€389,425 | +69.8% |
| Equity | 10/15 | €82,411 | €706,743 | +€624,332 | +757.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €9,373 | €633,705 | +€624,332 | +6660.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,373 | €633,705 | +€624,332 | +6660.7% |
| Profit (loss) carried forward | 14 | €52,578 | €52,578 | = | 0.0% |
| Amounts payable | 17/49 | €475,576 | €240,669 | -€234,907 | -49.4% |
| Amounts payable within one year | 42/48 | €475,576 | €240,669 | -€234,907 | -49.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,021 | €6,329 | +€5,308 | +519.8% |
| Suppliers | 440/4 | €1,021 | €6,329 | +€5,308 | +519.8% |
| Taxes, remuneration and social security | 45 | €71,165 | €199,443 | +€128,278 | +180.3% |
| Taxes | 450/3 | €71,165 | €199,443 | +€128,278 | +180.3% |
| Other amounts payable | 47/48 | €403,390 | €34,897 | -€368,493 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,190 | €5,304 | -€10,887 | -67.2% |
| Other operating charges | 640/8 | €935 | €1,073 | +€138 | +14.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €614,404 | €917,831 | +€303,427 | +49.4% |
| Operating profit (loss) | 9901 | €597,278 | €911,454 | +€314,176 | +52.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €78 | €78 | +€0 | 0.0% |
| Recurring financial charges | 65 | €78 | €78 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €597,200 | €911,378 | +€314,177 | +52.6% |
| Income taxes | 67/77 | €144,622 | €287,046 | +€142,423 | +98.5% |
| Profit (loss) for the period | 9904 | €452,578 | €624,332 | +€171,754 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €452,578 | €624,332 | +€171,754 | +38.0% |
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 12 October 2026 via checked.be.