FISCAL 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.
FISCAL VISION
Largest movements
- Cash +€11,228
up €11,228 (+6.0%), from €186,467 to €197,694
mainly Net result for the year (+€38,972) and Other debts (+€11,853)
- Other debts +€11,853
up €11,853 (+21.2%), from €55,822 to €67,676
- Gross operating margin +€1,725
up €1,725 (+3.2%), from €53,283 to €55,008
- Taxes +€660
up €660 (+4.8%), from €13,782 to €14,442
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 | €190,713 | €200,936 | +€10,223 | +5.4% |
| Fixed assets | 21/28 | €930 | - | -€930 | |
| Tangible fixed assets | 22/27 | €930 | - | -€930 | |
| Furniture and vehicles | 24 | €930 | - | -€930 | |
| Current assets | 29/58 | €189,782 | €200,936 | +€11,153 | +5.9% |
| Amounts receivable within one year | 40/41 | €3,316 | €2,605 | -€710 | -21.4% |
| Trade receivables | 40 | €3,316 | €2,605 | -€710 | -21.4% |
| Cash at bank and in hand | 54/58 | €186,467 | €197,694 | +€11,228 | +6.0% |
| Deferred charges and accrued income | 490/1 | - | €636 | +€636 | |
| Total equity and liabilities | 10/49 | €190,713 | €200,936 | +€10,223 | +5.4% |
| Equity | 10/15 | €17,454 | €17,366 | -€88 | -0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,194 | €3,106 | -€88 | -2.8% |
| Provisions and deferred taxes | 16 | €100,000 | €100,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €100,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable | 17/49 | €73,259 | €83,570 | +€10,311 | +14.1% |
| Amounts payable within one year | 42/48 | €73,259 | €83,570 | +€10,311 | +14.1% |
| Trade debts | 44 | €332 | €152 | -€180 | -54.3% |
| Suppliers | 440/4 | €332 | €152 | -€180 | -54.3% |
| Taxes, remuneration and social security | 45 | €17,105 | €15,742 | -€1,363 | -8.0% |
| Taxes | 450/3 | €17,105 | €15,742 | -€1,363 | -8.0% |
| Other amounts payable | 47/48 | €55,822 | €67,676 | +€11,853 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,012 | €930 | -€81 | -8.0% |
| Other operating charges | 640/8 | €974 | €939 | -€35 | -3.6% |
| Gross operating margin | 9900 | €53,283 | €55,008 | +€1,725 | +3.2% |
| Operating profit (loss) | 9901 | €51,298 | €53,139 | +€1,841 | +3.6% |
| Financial income | 75/76B | €163 | €406 | +€243 | +148.8% |
| Recurring financial income | 75 | €163 | €406 | +€243 | +148.8% |
| Financial charges | 65/66B | €64 | €131 | +€67 | +105.6% |
| Recurring financial charges | 65 | €64 | €131 | +€67 | +105.6% |
| Profit (loss) for the period before taxes | 9903 | €51,397 | €53,414 | +€2,017 | +3.9% |
| Income taxes | 67/77 | €13,782 | €14,442 | +€660 | +4.8% |
| Profit (loss) for the period | 9904 | €37,615 | €38,972 | +€1,357 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,615 | €38,972 | +€1,357 | +3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.