iVISIO: 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.
iVISIO
Largest movements
- Tangible fixed assets +€63,315
up €63,315 (+425.2%), from €14,890 to €78,205
of which Furniture and vehicles: +€66,315
- Cash -€12,792
down €12,792 (-11.1%), from €115,670 to €102,878
mainly Contributions, distributions and other (-€85,000) and Investment in fixed assets (net) (-€68,885)
- Receivables after one year -€8,510
down €8,510 (-100.0%), from €8,510 to €0
- Receivables within one year +€5,857
up €5,857 (+15.0%), from €39,107 to €44,963
of which Trade receivables: +€6,752
- Deferred charges and accrued income +€2,631
up €2,631 (+1632.3%), from €161 to €2,792
- Debts after one year +€37,080
new in 2025: €37,080
- Other debts +€26,720
up €26,720 (+53.8%), from €49,695 to €76,414
- Current portion of long-term debt +€11,942
new in 2025: €11,942
- Reserves -€11,316
down €11,316 (-12.1%), from €93,604 to €82,289
- Tax, wage and social debts -€10,980
down €10,980 (-81.6%), from €13,461 to €2,482
of which Taxes: -€9,793
- Gross operating margin +€11,686
up €11,686 (+11.5%), from €101,429 to €113,115
- Depreciation +€2,517
up €2,517 (+82.4%), from €3,053 to €5,570
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 | €178,337 | €228,838 | +€50,501 | +28.3% |
| Fixed assets | 21/28 | €14,890 | €78,205 | +€63,315 | +425.2% |
| Tangible fixed assets | 22/27 | €14,890 | €78,205 | +€63,315 | +425.2% |
| Land and buildings | 22 | €12,108 | €9,108 | -€3,000 | -24.8% |
| Furniture and vehicles | 24 | €2,782 | €69,097 | +€66,315 | +2383.9% |
| Current assets | 29/58 | €163,448 | €150,634 | -€12,814 | -7.8% |
| Amounts receivable after more than one year | 29 | €8,510 | €0 | -€8,510 | -100.0% |
| Other amounts receivable | 291 | €8,510 | €0 | -€8,510 | -100.0% |
| Amounts receivable within one year | 40/41 | €39,107 | €44,963 | +€5,857 | +15.0% |
| Trade receivables | 40 | €19,036 | €25,788 | +€6,752 | +35.5% |
| Other amounts receivable | 41 | €20,071 | €19,176 | -€895 | -4.5% |
| Cash at bank and in hand | 54/58 | €115,670 | €102,878 | -€12,792 | -11.1% |
| Deferred charges and accrued income | 490/1 | €161 | €2,792 | +€2,631 | +1632.3% |
| Total equity and liabilities | 10/49 | €178,337 | €228,838 | +€50,501 | +28.3% |
| Equity | 10/15 | €112,154 | €100,839 | -€11,316 | -10.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €93,604 | €82,289 | -€11,316 | -12.1% |
| Distributable reserves | 133 | €93,604 | €82,289 | -€11,316 | -12.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €66,183 | €128,000 | +€61,817 | +93.4% |
| Amounts payable after more than one year | 17 | - | €37,080 | +€37,080 | |
| Financial debts | 170/4 | - | €37,080 | +€37,080 | |
| Amounts payable within one year | 42/48 | €65,144 | €90,920 | +€25,776 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,942 | +€11,942 | |
| Trade debts | 44 | €1,988 | €82 | -€1,906 | -95.9% |
| Suppliers | 440/4 | €1,988 | €82 | -€1,906 | -95.9% |
| Taxes, remuneration and social security | 45 | €13,461 | €2,482 | -€10,980 | -81.6% |
| Taxes | 450/3 | €12,274 | €2,482 | -€9,793 | -79.8% |
| Remuneration and social security | 454/9 | €1,187 | €0 | -€1,187 | -100.0% |
| Other amounts payable | 47/48 | €49,695 | €76,414 | +€26,720 | +53.8% |
| Accrued charges and deferred income | 492/3 | €1,039 | €0 | -€1,039 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,053 | €5,570 | +€2,517 | +82.4% |
| Other operating charges | 640/8 | €1,260 | €1,362 | +€102 | +8.1% |
| Non-recurring operating charges | 66A | - | €10,133 | +€10,133 | |
| Gross operating margin | 9900 | €101,429 | €113,115 | +€11,686 | +11.5% |
| Operating profit (loss) | 9901 | €97,116 | €96,051 | -€1,065 | -1.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,881 | €3,032 | -€849 | -21.9% |
| Recurring financial charges | 65 | €3,881 | €3,032 | -€849 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €93,235 | €93,019 | -€216 | -0.2% |
| Income taxes | 67/77 | €19,261 | €19,335 | +€73 | +0.4% |
| Profit (loss) for the period | 9904 | €73,974 | €73,684 | -€289 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,974 | €73,684 | -€289 | -0.4% |
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.