NEW VISION: 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.
NEW VISION
Largest movements
- Cash -€362,762
down €362,762 (-73.7%), from €492,319 to €129,556
mainly Net result for the year (-€281,313) and Current investments (-€50,038)
- Current investments +€50,038
new in 2025: €50,038
- Receivables after one year +€47,619
new in 2025: €47,619
- Tangible fixed assets -€14,727
down €14,727 (-34.7%), from €42,481 to €27,754
of which Furniture and vehicles: -€13,874
- Profit (loss) carried forward -€281,313
down €281,313 (-165.7%), from -€169,747 to -€451,061
- Gross operating margin -€675,978
down €675,978, from €407,960 to -€268,018
- Financial income +€4,293
up €4,293 (+963.6%), from €446 to €4,738
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 | €607,151 | €327,871 | -€279,281 | -46.0% |
| Fixed assets | 21/28 | €42,481 | €27,754 | -€14,727 | -34.7% |
| Tangible fixed assets | 22/27 | €42,481 | €27,754 | -€14,727 | -34.7% |
| Plant, machinery and equipment | 23 | €4,923 | €4,070 | -€853 | -17.3% |
| Furniture and vehicles | 24 | €37,558 | €23,684 | -€13,874 | -36.9% |
| Current assets | 29/58 | €564,670 | €300,117 | -€264,554 | -46.9% |
| Amounts receivable after more than one year | 29 | - | €47,619 | +€47,619 | |
| Other amounts receivable | 291 | - | €47,619 | +€47,619 | |
| Stocks and contracts in progress | 3 | €519 | €495 | -€24 | -4.5% |
| Stocks | 30/36 | €519 | €495 | -€24 | -4.5% |
| Amounts receivable within one year | 40/41 | €71,833 | €72,408 | +€575 | +0.8% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €70,833 | €72,408 | +€1,575 | +2.2% |
| Current investments | 50/53 | - | €50,038 | +€50,038 | |
| Cash at bank and in hand | 54/58 | €492,319 | €129,556 | -€362,762 | -73.7% |
| Total equity and liabilities | 10/49 | €607,151 | €327,871 | -€279,281 | -46.0% |
| Equity | 10/15 | -€149,342 | -€430,656 | -€281,313 | -188.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,747 | -€451,061 | -€281,313 | -165.7% |
| Amounts payable | 17/49 | €756,494 | €758,526 | +€2,032 | +0.3% |
| Amounts payable after more than one year | 17 | €752,990 | €752,990 | = | 0.0% |
| Financial debts | 170/4 | €752,990 | €752,990 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,504 | €574 | -€2,930 | -83.6% |
| Trade debts | 44 | €3,308 | - | -€3,308 | |
| Suppliers | 440/4 | €3,308 | - | -€3,308 | |
| Taxes, remuneration and social security | 45 | €196 | €574 | +€378 | +192.9% |
| Taxes | 450/3 | €196 | €574 | +€378 | +192.9% |
| Accrued charges and deferred income | 492/3 | - | €4,963 | +€4,963 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,440 | €14,727 | +€287 | +2.0% |
| Other operating charges | 640/8 | €638 | €2,387 | +€1,749 | +274.0% |
| Non-recurring operating charges | 66A | €3,601 | - | -€3,601 | |
| Gross operating margin | 9900 | €407,960 | -€268,018 | -€675,978 | |
| Operating profit (loss) | 9901 | €389,281 | -€285,132 | -€674,413 | |
| Financial income | 75/76B | €446 | €4,738 | +€4,293 | +963.6% |
| Recurring financial income | 75 | €446 | €4,738 | +€4,293 | +963.6% |
| Financial charges | 65/66B | €857 | €715 | -€142 | -16.6% |
| Recurring financial charges | 65 | €857 | €715 | -€142 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €388,870 | -€281,109 | -€669,978 | |
| Income taxes | 67/77 | €196 | €205 | +€9 | +4.7% |
| Profit (loss) for the period | 9904 | €388,674 | -€281,313 | -€669,987 | |
| Profit (loss) for the period to be appropriated | 9905 | €388,674 | -€281,313 | -€669,987 |
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 7 October 2026 via checked.be.