"INVISUAL": 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.
"INVISUAL"
Largest movements
- Receivables within one year +€46,124
up €46,124 (+218.3%), from €21,126 to €67,251
of which Trade receivables: +€47,118
- Tangible fixed assets +€23,517
up €23,517 (+284.6%), from €8,263 to €31,780
of which Furniture and vehicles: +€23,517
- Cash +€10,010
up €10,010 (+23.0%), from €43,432 to €53,442
mainly Net result for the year (+€73,427) and Contributions, distributions and other (+€12,400)
- Profit (loss) carried forward +€43,957
new in 2025: €43,957
- Reserves +€29,470
up €29,470 (+3524.3%), from €836 to €30,306
of which Tax-exempt reserves: +€29,470
- Other debts -€16,367
down €16,367 (-31.7%), from €51,642 to €35,274
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts +€10,011
up €10,011 (+121.0%), from €8,273 to €18,284
- Gross operating margin +€64,659
up €64,659 (+154.8%), from €41,772 to €106,431
- Taxes +€24,729
up €24,729 (+1838.6%), from €1,345 to €26,074
- Write-downs -€4,626
no longer reported in 2025 (was €4,626)
- Depreciation +€2,611
up €2,611 (+73.0%), from €3,576 to €6,187
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 | €73,643 | €152,768 | +€79,124 | +107.4% |
| Fixed assets | 21/28 | €8,263 | €31,780 | +€23,517 | +284.6% |
| Tangible fixed assets | 22/27 | €8,263 | €31,780 | +€23,517 | +284.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,263 | €31,780 | +€23,517 | +284.6% |
| Current assets | 29/58 | €65,381 | €120,988 | +€55,607 | +85.1% |
| Amounts receivable within one year | 40/41 | €21,126 | €67,251 | +€46,124 | +218.3% |
| Trade receivables | 40 | €20,124 | €67,242 | +€47,118 | +234.1% |
| Other amounts receivable | 41 | €1,003 | €9 | -€994 | -99.1% |
| Cash at bank and in hand | 54/58 | €43,432 | €53,442 | +€10,010 | +23.0% |
| Deferred charges and accrued income | 490/1 | €822 | €295 | -€527 | -64.1% |
| Total equity and liabilities | 10/49 | €73,643 | €152,768 | +€79,124 | +107.4% |
| Equity | 10/15 | €7,036 | €92,863 | +€85,827 | +1219.8% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €836 | €30,306 | +€29,470 | +3524.3% |
| Tax-exempt reserves | 132 | - | €29,470 | +€29,470 | |
| Distributable reserves | 133 | €836 | €836 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €43,957 | +€43,957 | |
| Amounts payable | 17/49 | €66,607 | €59,904 | -€6,703 | -10.1% |
| Amounts payable within one year | 42/48 | €66,607 | €59,858 | -€6,749 | -10.1% |
| Trade debts | 44 | €6,693 | €6,300 | -€393 | -5.9% |
| Suppliers | 440/4 | €6,693 | €6,300 | -€393 | -5.9% |
| Taxes, remuneration and social security | 45 | €8,273 | €18,284 | +€10,011 | +121.0% |
| Taxes | 450/3 | €8,273 | €18,284 | +€10,011 | +121.0% |
| Other amounts payable | 47/48 | €51,642 | €35,274 | -€16,367 | -31.7% |
| Accrued charges and deferred income | 492/3 | - | €47 | +€47 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,576 | €6,187 | +€2,611 | +73.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,626 | - | -€4,626 | |
| Other operating charges | 640/8 | €387 | €457 | +€69 | +17.9% |
| Gross operating margin | 9900 | €41,772 | €106,431 | +€64,659 | +154.8% |
| Operating profit (loss) | 9901 | €33,183 | €99,787 | +€66,604 | +200.7% |
| Financial charges | 65/66B | €489 | €286 | -€203 | -41.5% |
| Recurring financial charges | 65 | €489 | €286 | -€203 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €32,694 | €99,501 | +€66,807 | +204.3% |
| Income taxes | 67/77 | €1,345 | €26,074 | +€24,729 | +1838.6% |
| Profit (loss) for the period | 9904 | €31,349 | €73,427 | +€42,078 | +134.2% |
| Transfer to tax-exempt reserves | 689 | - | €29,470 | +€29,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,349 | €43,957 | +€12,608 | +40.2% |
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 29 September 2026 via checked.be.