ID AND 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.
ID AND VISION
Largest movements
- Cash +€74,995
up €74,995 (+32.9%), from €227,874 to €302,870
mainly Other debts (+€68,868) and Receivables within one year (+€42,662)
- Stocks and contracts +€62,015
up €62,015 (+31.4%), from €197,469 to €259,484
- Receivables within one year -€42,662
down €42,662 (-74.6%), from €57,200 to €14,538
- Tangible fixed assets -€18,424
down €18,424 (-8.3%), from €221,960 to €203,536
of which Land and buildings: -€12,287
- Deferred charges and accrued income +€17,664
new in 2025: €17,664
- Other debts +€68,868
up €68,868 (+13.1%), from €527,039 to €595,907
- Trade debts +€28,987
up €28,987 (+25.5%), from €113,863 to €142,850
- Debts after one year -€13,269
no longer reported in 2025 (was €13,269)
- Current portion of long-term debt -€9,169
down €9,169 (-40.9%), from €22,438 to €13,269
- Financial income +€4,268
up €4,268 (+3,862%), from €111 to €4,378
- Depreciation +€3,488
up €3,488 (+18.0%), from €19,347 to €22,835
- Taxes +€2,414
up €2,414 (+61.8%), from €3,906 to €6,320
- Staff costs -€2,379
down €2,379 (-83.6%), from €2,845 to €465
- Gross operating margin -€1,092
down €1,092 (-2.7%), from €40,239 to €39,146
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 | €707,770 | €800,358 | +€92,588 | +13.1% |
| Fixed assets | 21/28 | €225,226 | €205,802 | -€19,424 | -8.6% |
| Intangible fixed assets | 21 | €1,690 | €690 | -€1,000 | -59.2% |
| Tangible fixed assets | 22/27 | €221,960 | €203,536 | -€18,424 | -8.3% |
| Land and buildings | 22 | €185,207 | €172,920 | -€12,287 | -6.6% |
| Plant, machinery and equipment | 23 | €8,547 | €7,336 | -€1,211 | -14.2% |
| Furniture and vehicles | 24 | €28,206 | €23,281 | -€4,926 | -17.5% |
| Financial fixed assets | 28 | €1,576 | €1,576 | = | 0.0% |
| Current assets | 29/58 | €482,544 | €594,556 | +€112,012 | +23.2% |
| Stocks and contracts in progress | 3 | €197,469 | €259,484 | +€62,015 | +31.4% |
| Stocks | 30/36 | €197,469 | €259,484 | +€62,015 | +31.4% |
| Amounts receivable within one year | 40/41 | €57,200 | €14,538 | -€42,662 | -74.6% |
| Trade receivables | 40 | €57,200 | €14,538 | -€42,662 | -74.6% |
| Cash at bank and in hand | 54/58 | €227,874 | €302,870 | +€74,995 | +32.9% |
| Deferred charges and accrued income | 490/1 | - | €17,664 | +€17,664 | |
| Total equity and liabilities | 10/49 | €707,770 | €800,358 | +€92,588 | +13.1% |
| Equity | 10/15 | €14,433 | €25,877 | +€11,444 | +79.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | - | €7,327 | +€7,327 | |
| Distributable reserves | 133 | - | €7,327 | +€7,327 | |
| Profit (loss) carried forward | 14 | -€4,117 | - | +€4,117 | |
| Amounts payable | 17/49 | €693,337 | €774,481 | +€81,144 | +11.7% |
| Amounts payable after more than one year | 17 | €13,269 | - | -€13,269 | |
| Financial debts | 170/4 | €13,269 | - | -€13,269 | |
| Amounts payable within one year | 42/48 | €680,068 | €774,481 | +€94,413 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €22,438 | €13,269 | -€9,169 | -40.9% |
| Trade debts | 44 | €113,863 | €142,850 | +€28,987 | +25.5% |
| Suppliers | 440/4 | €113,863 | €142,850 | +€28,987 | +25.5% |
| Taxes, remuneration and social security | 45 | €16,728 | €22,455 | +€5,727 | +34.2% |
| Taxes | 450/3 | €16,728 | €22,455 | +€5,727 | +34.2% |
| Other amounts payable | 47/48 | €527,039 | €595,907 | +€68,868 | +13.1% |
| Remuneration, social security and pensions | 62 | €2,845 | €465 | -€2,379 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,347 | €22,835 | +€3,488 | +18.0% |
| Other operating charges | 640/8 | €1,254 | €1,292 | +€38 | +3.0% |
| Non-recurring operating charges | 66A | €903 | - | -€903 | |
| Gross operating margin | 9900 | €40,239 | €39,146 | -€1,092 | -2.7% |
| Operating profit (loss) | 9901 | €15,890 | €14,554 | -€1,336 | -8.4% |
| Financial income | 75/76B | €111 | €4,378 | +€4,268 | +3,862% |
| Recurring financial income | 75 | €111 | €4,378 | +€4,268 | +3,862% |
| Financial charges | 65/66B | €2,057 | €1,168 | -€888 | -43.2% |
| Recurring financial charges | 65 | €2,057 | €1,168 | -€888 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €13,944 | €17,764 | +€3,820 | +27.4% |
| Income taxes | 67/77 | €3,906 | €6,320 | +€2,414 | +61.8% |
| Profit (loss) for the period | 9904 | €10,038 | €11,444 | +€1,406 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,038 | €11,444 | +€1,406 | +14.0% |
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 25 October 2026 via checked.be.