FINVISION: 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.
FINVISION
Largest movements
- Receivables within one year +€27,527
up €27,527 (+81.9%), from €33,629 to €61,156
- Cash -€24,489
down €24,489 (-32.0%), from €76,455 to €51,966
mainly Receivables within one year (-€27,527) and Investment in fixed assets (net) (-€7,500)
- Reserves +€10,109
up €10,109 (+8.2%), from €123,286 to €133,394
- Debts after one year -€6,574
down €6,574 (-10.8%), from €60,993 to €54,419
- Gross operating margin -€16,088
down €16,088 (-36.7%), from €43,844 to €27,756
- Taxes -€6,423
down €6,423 (-52.4%), from €12,252 to €5,829
- Other operating charges -€440
down €440 (-26.5%), from €1,659 to €1,219
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 | €228,010 | €232,504 | +€4,495 | +2.0% |
| Fixed assets | 21/28 | €117,832 | €119,285 | +€1,453 | +1.2% |
| Tangible fixed assets | 22/27 | €47,082 | €48,535 | +€1,453 | +3.1% |
| Land and buildings | 22 | €47,082 | €41,507 | -€5,574 | -11.8% |
| Furniture and vehicles | 24 | - | €7,027 | +€7,027 | |
| Financial fixed assets | 28 | €70,750 | €70,750 | = | 0.0% |
| Current assets | 29/58 | €110,178 | €113,220 | +€3,041 | +2.8% |
| Amounts receivable within one year | 40/41 | €33,629 | €61,156 | +€27,527 | +81.9% |
| Other amounts receivable | 41 | €33,629 | €61,156 | +€27,527 | +81.9% |
| Cash at bank and in hand | 54/58 | €76,455 | €51,966 | -€24,489 | -32.0% |
| Deferred charges and accrued income | 490/1 | €94 | €97 | +€3 | +3.7% |
| Total equity and liabilities | 10/49 | €228,010 | €232,504 | +€4,495 | +2.0% |
| Equity | 10/15 | €128,529 | €139,594 | +€11,066 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €123,286 | €133,394 | +€10,109 | +8.2% |
| Distributable reserves | 133 | €123,286 | €133,394 | +€10,109 | +8.2% |
| Profit (loss) carried forward | 14 | -€957 | - | +€957 | |
| Amounts payable | 17/49 | €99,481 | €92,910 | -€6,571 | -6.6% |
| Amounts payable after more than one year | 17 | €60,993 | €54,419 | -€6,574 | -10.8% |
| Financial debts | 170/4 | €60,993 | €54,419 | -€6,574 | -10.8% |
| Amounts payable within one year | 42/48 | €38,488 | €38,491 | +€3 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €6,245 | €6,574 | +€329 | +5.3% |
| Financial debts | 43 | €3,385 | €3,371 | -€13 | -0.4% |
| Credit institutions | 430/8 | €3,385 | €3,371 | -€13 | -0.4% |
| Trade debts | 44 | €1,705 | €1,767 | +€62 | +3.6% |
| Suppliers | 440/4 | €1,705 | €1,767 | +€62 | +3.6% |
| Taxes, remuneration and social security | 45 | €2,923 | €3,263 | +€340 | +11.6% |
| Taxes | 450/3 | €2,923 | €3,263 | +€340 | +11.6% |
| Other amounts payable | 47/48 | €24,230 | €23,516 | -€714 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,663 | €6,047 | +€384 | +6.8% |
| Other operating charges | 640/8 | €1,659 | €1,219 | -€440 | -26.5% |
| Gross operating margin | 9900 | €43,844 | €27,756 | -€16,088 | -36.7% |
| Operating profit (loss) | 9901 | €36,521 | €20,490 | -€16,031 | -43.9% |
| Financial charges | 65/66B | €3,968 | €3,595 | -€373 | -9.4% |
| Recurring financial charges | 65 | €3,968 | €3,595 | -€373 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €32,553 | €16,894 | -€15,658 | -48.1% |
| Income taxes | 67/77 | €12,252 | €5,829 | -€6,423 | -52.4% |
| Profit (loss) for the period | 9904 | €20,301 | €11,066 | -€9,235 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,301 | €11,066 | -€9,235 | -45.5% |
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.