Het Visioen: 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.
Het Visioen
Largest movements
- Receivables within one year -€21,708
down €21,708 (-72.5%), from €29,924 to €8,215
of which Other amounts receivable: -€21,222
- Tangible fixed assets +€5,691
up €5,691 (+20.1%), from €28,343 to €34,034
of which Plant, machinery and equipment: +€10,878
- Cash -€1,257
down €1,257 (-3.9%), from €32,260 to €31,003
mainly Net result for the year (-€16,867) and Contributions, distributions and other (-€16,849)
- Profit (loss) carried forward -€16,867
down €16,867 (-1884.8%), from -€895 to -€17,762
- Reserves -€16,849
down €16,849 (-69.6%), from €24,220 to €7,371
of which Distributable reserves: -€16,849
- Trade debts +€12,987
up €12,987 (+97.8%), from €13,282 to €26,269
- Tax, wage and social debts +€11,994
up €11,994 (+125.0%), from €9,599 to €21,593
of which Remuneration and social security: +€9,881
- Debts after one year -€9,010
down €9,010 (-100.0%), from €9,010 to €0
- Gross operating margin -€39,436
down €39,436 (-33.1%), from €119,299 to €79,863
- Staff costs -€24,981
down €24,981 (-23.9%), from €104,334 to €79,353
- Depreciation -€10,197
down €10,197 (-49.9%), from €20,438 to €10,241
- Financial income -€1,561
down €1,561 (-83.2%), from €1,875 to €314
- Financial charges +€1,262
up €1,262 (+47.9%), from €2,637 to €3,899
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 | €104,386 | €86,980 | -€17,406 | -16.7% |
| Fixed assets | 21/28 | €29,907 | €35,598 | +€5,691 | +19.0% |
| Tangible fixed assets | 22/27 | €28,343 | €34,034 | +€5,691 | +20.1% |
| Land and buildings | 22 | €11,239 | €7,481 | -€3,757 | -33.4% |
| Plant, machinery and equipment | 23 | €14,235 | €25,113 | +€10,878 | +76.4% |
| Furniture and vehicles | 24 | €2,869 | €1,440 | -€1,430 | -49.8% |
| Financial fixed assets | 28 | €1,564 | €1,564 | = | 0.0% |
| Current assets | 29/58 | €74,479 | €51,382 | -€23,097 | -31.0% |
| Stocks and contracts in progress | 3 | €9,000 | €9,000 | = | 0.0% |
| Stocks | 30/36 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,924 | €8,215 | -€21,708 | -72.5% |
| Trade receivables | 40 | €4,192 | €3,705 | -€486 | -11.6% |
| Other amounts receivable | 41 | €25,732 | €4,510 | -€21,222 | -82.5% |
| Cash at bank and in hand | 54/58 | €32,260 | €31,003 | -€1,257 | -3.9% |
| Deferred charges and accrued income | 490/1 | €3,296 | €3,164 | -€132 | -4.0% |
| Total equity and liabilities | 10/49 | €104,386 | €86,980 | -€17,406 | -16.7% |
| Equity | 10/15 | €29,525 | -€4,191 | -€33,716 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,220 | €7,371 | -€16,849 | -69.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,360 | €5,511 | -€16,849 | -75.4% |
| Profit (loss) carried forward | 14 | -€895 | -€17,762 | -€16,867 | -1884.8% |
| Amounts payable | 17/49 | €74,861 | €91,171 | +€16,310 | +21.8% |
| Amounts payable after more than one year | 17 | €9,010 | €0 | -€9,010 | -100.0% |
| Financial debts | 170/4 | €9,010 | €0 | -€9,010 | -100.0% |
| Amounts payable within one year | 42/48 | €65,850 | €91,171 | +€25,321 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €12,490 | €9,010 | -€3,480 | -27.9% |
| Trade debts | 44 | €13,282 | €26,269 | +€12,987 | +97.8% |
| Suppliers | 440/4 | €13,282 | €26,269 | +€12,987 | +97.8% |
| Advances received on contracts in progress | 46 | €1,980 | €0 | -€1,980 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,599 | €21,593 | +€11,994 | +125.0% |
| Taxes | 450/3 | €6,683 | €8,796 | +€2,114 | +31.6% |
| Remuneration and social security | 454/9 | €2,916 | €12,797 | +€9,881 | +338.8% |
| Other amounts payable | 47/48 | €28,500 | €34,299 | +€5,799 | +20.3% |
| Remuneration, social security and pensions | 62 | €104,334 | €79,353 | -€24,981 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,438 | €10,241 | -€10,197 | -49.9% |
| Other operating charges | 640/8 | €2,477 | €2,170 | -€306 | -12.4% |
| Non-recurring operating charges | 66A | - | €1,240 | +€1,240 | |
| Gross operating margin | 9900 | €119,299 | €79,863 | -€39,436 | -33.1% |
| Operating profit (loss) | 9901 | -€7,950 | -€13,141 | -€5,191 | -65.3% |
| Financial income | 75/76B | €1,875 | €314 | -€1,561 | -83.2% |
| Recurring financial income | 75 | €1,875 | €314 | -€1,561 | -83.2% |
| Financial charges | 65/66B | €2,637 | €3,899 | +€1,262 | +47.9% |
| Recurring financial charges | 65 | €2,637 | €3,899 | +€1,262 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,711 | -€16,726 | -€8,015 | -92.0% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€8,851 | -€16,867 | -€8,016 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,851 | -€16,867 | -€8,016 | -90.6% |
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.