N Vision: 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.
N Vision
Largest movements
- Cash +€29,377
up €29,377 (+360%), from €8,152 to €37,529
mainly Other debts (+€48,063) and Net result for the year (+€20,468)
- Deferred charges and accrued income +€1,500
up €1,500, from €0 to €1,500
- Tangible fixed assets +€1,456
up €1,456 (+130%), from €1,123 to €2,580
of which Furniture and vehicles: +€1,608
- Other debts +€48,063
new in 2025: €48,063
- Reserves -€27,000
down €27,000 (-100%), from €27,000 to €0
- Trade debts +€8,707
up €8,707 (+208%), from €4,183 to €12,889
- Tax, wage and social debts +€2,803
up €2,803 (+69.1%), from €4,054 to €6,857
- Gross operating margin +€20,039
up €20,039 (+268%), from €7,472 to €27,511
- Taxes +€4,758
up €4,758 (+224%), from €2,122 to €6,880
- Other operating charges -€1,110
down €1,110 (-65.2%), from €1,703 to €593
- Financial income -€574
down €574 (-36.6%), from €1,570 to €996
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 | €38,831 | €70,809 | +€31,978 | +82.4% |
| Fixed assets | 21/28 | €1,123 | €2,580 | +€1,456 | +130% |
| Tangible fixed assets | 22/27 | €1,123 | €2,580 | +€1,456 | +130% |
| Furniture and vehicles | 24 | - | €1,608 | +€1,608 | |
| Other tangible fixed assets | 26 | €1,123 | €972 | -€152 | -13.5% |
| Current assets | 29/58 | €37,708 | €68,230 | +€30,522 | +80.9% |
| Amounts receivable within one year | 40/41 | €29,556 | €29,200 | -€356 | -1.2% |
| Trade receivables | 40 | €9,941 | €20,631 | +€10,690 | +108% |
| Other amounts receivable | 41 | €19,615 | €8,569 | -€11,046 | -56.3% |
| Cash at bank and in hand | 54/58 | €8,152 | €37,529 | +€29,377 | +360% |
| Deferred charges and accrued income | 490/1 | €0 | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €38,831 | €70,809 | +€31,978 | +82.4% |
| Equity | 10/15 | €30,595 | €3,000 | -€27,595 | -90.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €0 | -€27,000 | -100% |
| Distributable reserves | 133 | €27,000 | €0 | -€27,000 | -100% |
| Profit (loss) carried forward | 14 | €595 | €0 | -€595 | -100% |
| Amounts payable | 17/49 | €8,237 | €67,809 | +€59,573 | +723% |
| Amounts payable within one year | 42/48 | €8,237 | €67,809 | +€59,573 | +723% |
| Trade debts | 44 | €4,183 | €12,889 | +€8,707 | +208% |
| Suppliers | 440/4 | €4,183 | €12,889 | +€8,707 | +208% |
| Taxes, remuneration and social security | 45 | €4,054 | €6,857 | +€2,803 | +69.1% |
| Taxes | 450/3 | €4,054 | €6,857 | +€2,803 | +69.1% |
| Other amounts payable | 47/48 | - | €48,063 | +€48,063 | |
| Non-recurring operating income | 76A | €0 | €55 | +€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | €278 | +€127 | +83.7% |
| Other operating charges | 640/8 | €1,703 | €593 | -€1,110 | -65.2% |
| Gross operating margin | 9900 | €7,472 | €27,511 | +€20,039 | +268% |
| Operating profit (loss) | 9901 | €5,617 | €26,639 | +€21,022 | +374% |
| Financial income | 75/76B | €1,570 | €996 | -€574 | -36.6% |
| Recurring financial income | 75 | €1,570 | €996 | -€574 | -36.6% |
| Financial charges | 65/66B | €136 | €287 | +€151 | +111% |
| Recurring financial charges | 65 | €136 | €287 | +€151 | +111% |
| Profit (loss) for the period before taxes | 9903 | €7,051 | €27,349 | +€20,297 | +288% |
| Income taxes | 67/77 | €2,122 | €6,880 | +€4,758 | +224% |
| Profit (loss) for the period | 9904 | €4,929 | €20,468 | +€15,539 | +315% |
| Profit (loss) for the period to be appropriated | 9905 | €4,929 | €20,468 | +€15,539 | +315% |
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 24 October 2026 via checked.be.