i-ViSiT: 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.
i-ViSiT
Largest movements
- Cash +€112,129
up €112,129 (+4,218%), from €2,658 to €114,787
mainly Net result for the year (+€73,475) and Tax, wage and social debts (+€18,043)
- Current investments +€11,997
up €11,997 (+92.7%), from €12,943 to €24,940
- Tangible fixed assets -€10,229
down €10,229 (-3.2%), from €321,953 to €311,723
of which Land and buildings: -€12,536
- Receivables after one year +€5,282
new in 2025: €5,282
- Reserves +€73,475
up €73,475 (+38.1%), from €192,630 to €266,105
- Tax, wage and social debts +€18,043
up €18,043 (+37.3%), from €48,435 to €66,478
of which Taxes: +€22,043
- Other debts +€16,902
up €16,902 (+15.1%), from €111,866 to €128,768
- Accrued charges and deferred income +€7,923
new in 2025: €7,923
- Gross operating margin -€39,480
down €39,480 (-25.1%), from €157,324 to €117,844
- Depreciation -€26,262
down €26,262 (-62.3%), from €42,186 to €15,924
- Taxes -€13,941
down €13,941 (-41.9%), from €33,305 to €19,364
- Financial charges +€7,966
up €7,966 (+5,758%), from €138 to €8,104
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 | €363,005 | €481,605 | +€118,600 | +32.7% |
| Fixed assets | 21/28 | €321,953 | €311,723 | -€10,229 | -3.2% |
| Tangible fixed assets | 22/27 | €321,953 | €311,723 | -€10,229 | -3.2% |
| Land and buildings | 22 | €312,491 | €299,955 | -€12,536 | -4.0% |
| Plant, machinery and equipment | 23 | €1,236 | €859 | -€377 | -30.5% |
| Furniture and vehicles | 24 | €4,205 | €7,349 | +€3,144 | +74.8% |
| Other tangible fixed assets | 26 | €4,021 | €3,560 | -€461 | -11.5% |
| Current assets | 29/58 | €41,053 | €169,882 | +€128,829 | +314% |
| Amounts receivable after more than one year | 29 | - | €5,282 | +€5,282 | |
| Other amounts receivable | 291 | - | €5,282 | +€5,282 | |
| Amounts receivable within one year | 40/41 | €24,420 | €22,871 | -€1,549 | -6.3% |
| Trade receivables | 40 | €24,414 | €22,871 | -€1,543 | -6.3% |
| Other amounts receivable | 41 | €6 | €0 | -€6 | -100% |
| Current investments | 50/53 | €12,943 | €24,940 | +€11,997 | +92.7% |
| Cash at bank and in hand | 54/58 | €2,658 | €114,787 | +€112,129 | +4,218% |
| Deferred charges and accrued income | 490/1 | €1,032 | €2,002 | +€970 | +94.0% |
| Total equity and liabilities | 10/49 | €363,005 | €481,605 | +€118,600 | +32.7% |
| Equity | 10/15 | €197,630 | €271,105 | +€73,475 | +37.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €192,630 | €266,105 | +€73,475 | +38.1% |
| Distributable reserves | 133 | €192,630 | €266,105 | +€73,475 | +38.1% |
| Amounts payable | 17/49 | €165,375 | €210,500 | +€45,125 | +27.3% |
| Amounts payable within one year | 42/48 | €165,375 | €202,577 | +€37,202 | +22.5% |
| Trade debts | 44 | €5,074 | €7,332 | +€2,258 | +44.5% |
| Suppliers | 440/4 | €5,074 | €7,332 | +€2,258 | +44.5% |
| Taxes, remuneration and social security | 45 | €48,435 | €66,478 | +€18,043 | +37.3% |
| Taxes | 450/3 | €44,435 | €66,478 | +€22,043 | +49.6% |
| Remuneration and social security | 454/9 | €4,000 | €0 | -€4,000 | -100% |
| Other amounts payable | 47/48 | €111,866 | €128,768 | +€16,902 | +15.1% |
| Accrued charges and deferred income | 492/3 | - | €7,923 | +€7,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,186 | €15,924 | -€26,262 | -62.3% |
| Other operating charges | 640/8 | €1,513 | €2,043 | +€529 | +35.0% |
| Gross operating margin | 9900 | €157,324 | €117,844 | -€39,480 | -25.1% |
| Operating profit (loss) | 9901 | €113,625 | €99,877 | -€13,747 | -12.1% |
| Financial income | 75/76B | €2,579 | €1,066 | -€1,513 | -58.7% |
| Recurring financial income | 75 | €2,579 | €1,066 | -€1,513 | -58.7% |
| Financial charges | 65/66B | €138 | €8,104 | +€7,966 | +5,758% |
| Recurring financial charges | 65 | €138 | €8,104 | +€7,966 | +5,758% |
| Profit (loss) for the period before taxes | 9903 | €116,065 | €92,839 | -€23,226 | -20.0% |
| Income taxes | 67/77 | €33,305 | €19,364 | -€13,941 | -41.9% |
| Profit (loss) for the period | 9904 | €82,761 | €73,475 | -€9,285 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,761 | €73,475 | -€9,285 | -11.2% |
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 1 November 2026 via checked.be.