Mathijs Vissers: 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.
Mathijs Vissers
Largest movements
- Cash +€2,942
up €2,942 (+13.1%), from €22,394 to €25,336
mainly Net result for the year (+€34,592) and Tax, wage and social debts (+€5,470)
- Tangible fixed assets +€1,082
up €1,082 (+7.7%), from €14,114 to €15,196
of which Other tangible fixed assets: +€3,410
- Tax, wage and social debts +€5,470
up €5,470 (+427%), from €1,281 to €6,751
- Profit (loss) carried forward +€4,389
no longer reported in 2025 (was -€4,389)
- Trade debts -€2,924
no longer reported in 2025 (was €2,924)
- Other debts -€2,741
down €2,741 (-6.9%), from €39,564 to €36,823
- Gross operating margin +€44,726
up €44,726 (+445%), from €10,053 to €54,779
- Taxes +€12,501
up €12,501 (+1,472%), from €849 to €13,350
- Depreciation -€4,247
down €4,247 (-50.2%), from €8,464 to €4,217
- Financial charges -€2,533
down €2,533 (-58.7%), from €4,312 to €1,779
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 | €57,930 | €62,124 | +€4,194 | +7.2% |
| Fixed assets | 21/28 | €14,114 | €15,196 | +€1,082 | +7.7% |
| Tangible fixed assets | 22/27 | €14,114 | €15,196 | +€1,082 | +7.7% |
| Plant, machinery and equipment | 23 | €1,038 | €396 | -€642 | -61.8% |
| Furniture and vehicles | 24 | €1,686 | - | -€1,686 | |
| Other tangible fixed assets | 26 | €11,390 | €14,800 | +€3,410 | +29.9% |
| Current assets | 29/58 | €43,816 | €46,928 | +€3,112 | +7.1% |
| Cash at bank and in hand | 54/58 | €22,394 | €25,336 | +€2,942 | +13.1% |
| Deferred charges and accrued income | 490/1 | €21,422 | €21,592 | +€170 | +0.8% |
| Total equity and liabilities | 10/49 | €57,930 | €62,124 | +€4,194 | +7.2% |
| Equity | 10/15 | €14,161 | €18,550 | +€4,389 | +31.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,389 | - | +€4,389 | |
| Amounts payable | 17/49 | €43,769 | €43,574 | -€195 | -0.4% |
| Amounts payable within one year | 42/48 | €43,769 | €43,574 | -€195 | -0.4% |
| Trade debts | 44 | €2,924 | - | -€2,924 | |
| Suppliers | 440/4 | €2,924 | - | -€2,924 | |
| Taxes, remuneration and social security | 45 | €1,281 | €6,751 | +€5,470 | +427% |
| Taxes | 450/3 | €1,281 | €6,751 | +€5,470 | +427% |
| Other amounts payable | 47/48 | €39,564 | €36,823 | -€2,741 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,464 | €4,217 | -€4,247 | -50.2% |
| Other operating charges | 640/8 | €817 | €841 | +€24 | +2.9% |
| Gross operating margin | 9900 | €10,053 | €54,779 | +€44,726 | +445% |
| Operating profit (loss) | 9901 | €772 | €49,721 | +€48,949 | +6,341% |
| Financial charges | 65/66B | €4,312 | €1,779 | -€2,533 | -58.7% |
| Recurring financial charges | 65 | €4,312 | €1,779 | -€2,533 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,540 | €47,942 | +€51,482 | |
| Income taxes | 67/77 | €849 | €13,350 | +€12,501 | +1,472% |
| Profit (loss) for the period | 9904 | -€4,389 | €34,592 | +€38,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,389 | €34,592 | +€38,981 |
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 27 October 2026 via checked.be.