More Than Visions: 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.
More Than Visions
Largest movements
- Cash +€24,661
up €24,661 (+133%), from €18,591 to €43,252
mainly Net result for the year (+€43,070) and Tax, wage and social debts (+€11,517)
- Receivables within one year +€18,339
up €18,339 (+977%), from €1,876 to €20,215
of which Trade receivables: +€17,694
- Tangible fixed assets +€4,017
up €4,017 (+168%), from €2,391 to €6,407
- Reserves +€42,237
up €42,237 (+404%), from €10,456 to €52,693
- Tax, wage and social debts +€11,517
up €11,517 (+270%), from €4,270 to €15,788
of which Taxes: +€10,517
- Other debts -€3,997
down €3,997 (-55.2%), from €7,245 to €3,248
- Accrued charges and deferred income -€1,702
no longer reported in 2025 (was €1,702)
- Trade debts -€1,316
down €1,316 (-82.4%), from €1,597 to €281
- Gross operating margin +€40,459
up €40,459 (+244%), from €16,566 to €57,025
- Taxes +€7,324
up €7,324 (+183%), from €4,013 to €11,337
- Depreciation +€969
up €969 (+130%), from €743 to €1,712
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 | €26,270 | €73,010 | +€46,739 | +178% |
| Fixed assets | 21/28 | €2,391 | €6,407 | +€4,017 | +168% |
| Tangible fixed assets | 22/27 | €2,391 | €6,407 | +€4,017 | +168% |
| Furniture and vehicles | 24 | €2,391 | €6,407 | +€4,017 | +168% |
| Current assets | 29/58 | €23,880 | €66,602 | +€42,723 | +179% |
| Amounts receivable within one year | 40/41 | €1,876 | €20,215 | +€18,339 | +977% |
| Trade receivables | 40 | €756 | €18,450 | +€17,694 | +2,340% |
| Other amounts receivable | 41 | €1,120 | €1,765 | +€645 | +57.5% |
| Cash at bank and in hand | 54/58 | €18,591 | €43,252 | +€24,661 | +133% |
| Deferred charges and accrued income | 490/1 | €3,412 | €3,135 | -€277 | -8.1% |
| Total equity and liabilities | 10/49 | €26,270 | €73,010 | +€46,739 | +178% |
| Equity | 10/15 | €11,456 | €53,693 | +€42,237 | +369% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,456 | €52,693 | +€42,237 | +404% |
| Distributable reserves | 133 | €10,456 | €52,693 | +€42,237 | +404% |
| Amounts payable | 17/49 | €14,814 | €19,317 | +€4,503 | +30.4% |
| Amounts payable within one year | 42/48 | €13,112 | €19,317 | +€6,205 | +47.3% |
| Trade debts | 44 | €1,597 | €281 | -€1,316 | -82.4% |
| Suppliers | 440/4 | €1,597 | €281 | -€1,316 | -82.4% |
| Taxes, remuneration and social security | 45 | €4,270 | €15,788 | +€11,517 | +270% |
| Taxes | 450/3 | €4,270 | €14,788 | +€10,517 | +246% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €7,245 | €3,248 | -€3,997 | -55.2% |
| Accrued charges and deferred income | 492/3 | €1,702 | - | -€1,702 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €1,712 | +€969 | +130% |
| Other operating charges | 640/8 | €395 | €712 | +€316 | +79.9% |
| Gross operating margin | 9900 | €16,566 | €57,025 | +€40,459 | +244% |
| Operating profit (loss) | 9901 | €15,428 | €54,601 | +€39,173 | +254% |
| Financial income | 75/76B | €10 | €108 | +€98 | +976% |
| Recurring financial income | 75 | €10 | €108 | +€98 | +976% |
| Financial charges | 65/66B | €110 | €302 | +€192 | +175% |
| Recurring financial charges | 65 | €110 | €302 | +€192 | +175% |
| Profit (loss) for the period before taxes | 9903 | €15,328 | €54,406 | +€39,079 | +255% |
| Income taxes | 67/77 | €4,013 | €11,337 | +€7,324 | +183% |
| Profit (loss) for the period | 9904 | €11,315 | €43,070 | +€31,755 | +281% |
| Profit (loss) for the period to be appropriated | 9905 | €11,315 | €43,070 | +€31,755 | +281% |
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 30 October 2026 via checked.be.