INVISION: 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.
INVISION
Largest movements
- Cash +€33,631
up €33,631 (+429%), from €7,846 to €41,478
mainly Depreciation (+€35,183) and Trade debts (+€28,033)
- Tangible fixed assets -€23,072
down €23,072 (-3.4%), from €677,813 to €654,740
of which Land and buildings: -€19,673
- Receivables within one year -€17,316
down €17,316 (-92.3%), from €18,755 to €1,439
of which Trade receivables: -€18,393
- Debts after one year -€55,766
down €55,766 (-42.3%), from €131,737 to €75,971
- Trade debts +€28,033
up €28,033 (+317%), from €8,851 to €36,884
- Other debts +€26,906
up €26,906 (+12.9%), from €208,297 to €235,202
- Gross operating margin -€7,432
down €7,432 (-11.2%), from €66,336 to €58,904
- Financial charges -€5,682
down €5,682 (-26.9%), from €21,096 to €15,414
- Taxes -€988
down €988 (-45.9%), from €2,153 to €1,165
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 | €710,419 | €703,838 | -€6,582 | -0.9% |
| Fixed assets | 21/28 | €677,813 | €654,740 | -€23,072 | -3.4% |
| Tangible fixed assets | 22/27 | €677,813 | €654,740 | -€23,072 | -3.4% |
| Land and buildings | 22 | €663,599 | €643,926 | -€19,673 | -3.0% |
| Plant, machinery and equipment | 23 | €571 | €334 | -€237 | -41.5% |
| Furniture and vehicles | 24 | €13,642 | €10,480 | -€3,162 | -23.2% |
| Current assets | 29/58 | €32,607 | €49,097 | +€16,490 | +50.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €18,755 | €1,439 | -€17,316 | -92.3% |
| Trade receivables | 40 | €18,755 | €362 | -€18,393 | -98.1% |
| Other amounts receivable | 41 | - | €1,077 | +€1,077 | |
| Cash at bank and in hand | 54/58 | €7,846 | €41,478 | +€33,631 | +429% |
| Deferred charges and accrued income | 490/1 | €6,005 | €6,181 | +€175 | +2.9% |
| Total equity and liabilities | 10/49 | €710,419 | €703,838 | -€6,582 | -0.9% |
| Equity | 10/15 | €292,387 | €293,086 | +€698 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €272,387 | €273,086 | +€698 | +0.3% |
| Distributable reserves | 133 | €272,387 | €273,086 | +€698 | +0.3% |
| Amounts payable | 17/49 | €418,032 | €410,752 | -€7,280 | -1.7% |
| Amounts payable after more than one year | 17 | €131,737 | €75,971 | -€55,766 | -42.3% |
| Financial debts | 170/4 | €131,737 | €75,971 | -€55,766 | -42.3% |
| Amounts payable within one year | 42/48 | €279,190 | €329,017 | +€49,827 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €53,984 | €55,766 | +€1,783 | +3.3% |
| Trade debts | 44 | €8,851 | €36,884 | +€28,033 | +317% |
| Suppliers | 440/4 | €8,851 | €36,884 | +€28,033 | +317% |
| Taxes, remuneration and social security | 45 | €8,058 | €1,164 | -€6,894 | -85.6% |
| Taxes | 450/3 | €8,058 | €1,164 | -€6,894 | -85.6% |
| Other amounts payable | 47/48 | €208,297 | €235,202 | +€26,906 | +12.9% |
| Accrued charges and deferred income | 492/3 | €7,105 | €5,764 | -€1,341 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,788 | €35,183 | +€395 | +1.1% |
| Other operating charges | 640/8 | €6,147 | €6,446 | +€299 | +4.9% |
| Gross operating margin | 9900 | €66,336 | €58,904 | -€7,432 | -11.2% |
| Operating profit (loss) | 9901 | €25,401 | €17,275 | -€8,125 | -32.0% |
| Financial income | 75/76B | €488 | €2 | -€486 | -99.6% |
| Recurring financial income | 75 | €488 | €2 | -€486 | -99.6% |
| Financial charges | 65/66B | €21,096 | €15,414 | -€5,682 | -26.9% |
| Recurring financial charges | 65 | €21,096 | €15,414 | -€5,682 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €4,793 | €1,863 | -€2,930 | -61.1% |
| Income taxes | 67/77 | €2,153 | €1,165 | -€988 | -45.9% |
| Profit (loss) for the period | 9904 | €2,640 | €698 | -€1,942 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,640 | €698 | -€1,942 | -73.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.