OPEN VIZION: 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.
OPEN VIZION
Largest movements
- Current investments +€115,773
up €115,773 (+30.3%), from €382,540 to €498,313
- Receivables after one year -€60,000
no longer reported in 2026 (was €60,000)
- Cash +€21,353
up €21,353 (+43.9%), from €48,689 to €70,042
mainly Other debts (+€152,414) and Net result for the year (+€136,687)
- Other debts +€152,414
up €152,414 (+229%), from €66,593 to €219,007
- Reserves -€78,724
down €78,724 (-19.2%), from €410,296 to €331,572
- Tax, wage and social debts +€7,616
up €7,616 (+33.2%), from €22,934 to €30,550
of which Taxes: +€4,987
- Financial income +€16,135
up €16,135 (+39.0%), from €41,423 to €57,558
- Financial charges -€12,526
down €12,526 (-49.7%), from €25,192 to €12,665
- Taxes +€9,222
up €9,222 (+18.0%), from €51,112 to €60,334
- Gross operating margin +€8,131
up €8,131 (+5.6%), from €146,245 to €154,377
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €528,786 | €604,565 | +€75,779 | +14.3% |
| Fixed assets | 21/28 | €5,195 | €5,042 | -€153 | -2.9% |
| Tangible fixed assets | 22/27 | €5,195 | €5,042 | -€153 | -2.9% |
| Land and buildings | 22 | €3,673 | €3,240 | -€433 | -11.8% |
| Plant, machinery and equipment | 23 | €651 | €1,688 | +€1,037 | +159% |
| Furniture and vehicles | 24 | €872 | €114 | -€758 | -86.9% |
| Current assets | 29/58 | €523,591 | €599,523 | +€75,932 | +14.5% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 291 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €26,249 | €27,202 | +€953 | +3.6% |
| Trade receivables | 40 | €26,249 | €27,202 | +€953 | +3.6% |
| Current investments | 50/53 | €382,540 | €498,313 | +€115,773 | +30.3% |
| Cash at bank and in hand | 54/58 | €48,689 | €70,042 | +€21,353 | +43.9% |
| Deferred charges and accrued income | 490/1 | €6,114 | €3,967 | -€2,147 | -35.1% |
| Total equity and liabilities | 10/49 | €528,786 | €604,565 | +€75,779 | +14.3% |
| Equity | 10/15 | €431,926 | €353,202 | -€78,724 | -18.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €410,296 | €331,572 | -€78,724 | -19.2% |
| Distributable reserves | 133 | €410,296 | €331,572 | -€78,724 | -19.2% |
| Profit (loss) carried forward | 14 | €9,230 | €9,230 | = | 0.0% |
| Amounts payable | 17/49 | €96,860 | €251,364 | +€154,503 | +160% |
| Amounts payable within one year | 42/48 | €96,860 | €251,222 | +€154,361 | +159% |
| Trade debts | 44 | €7,334 | €1,665 | -€5,669 | -77.3% |
| Suppliers | 440/4 | €7,334 | €1,665 | -€5,669 | -77.3% |
| Taxes, remuneration and social security | 45 | €22,934 | €30,550 | +€7,616 | +33.2% |
| Taxes | 450/3 | €22,934 | €27,921 | +€4,987 | +21.7% |
| Remuneration and social security | 454/9 | - | €2,629 | +€2,629 | |
| Other amounts payable | 47/48 | €66,593 | €219,007 | +€152,414 | +229% |
| Accrued charges and deferred income | 492/3 | - | €142 | +€142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,312 | €1,593 | +€281 | +21.4% |
| Other operating charges | 640/8 | €637 | €656 | +€19 | +3.0% |
| Gross operating margin | 9900 | €146,245 | €154,377 | +€8,131 | +5.6% |
| Operating profit (loss) | 9901 | €144,296 | €152,128 | +€7,831 | +5.4% |
| Financial income | 75/76B | €41,423 | €57,558 | +€16,135 | +39.0% |
| Recurring financial income | 75 | €41,423 | €57,558 | +€16,135 | +39.0% |
| Financial charges | 65/66B | €25,192 | €12,665 | -€12,526 | -49.7% |
| Recurring financial charges | 65 | €25,192 | €12,665 | -€12,526 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €160,528 | €197,021 | +€36,493 | +22.7% |
| Income taxes | 67/77 | €51,112 | €60,334 | +€9,222 | +18.0% |
| Profit (loss) for the period | 9904 | €109,416 | €136,687 | +€27,270 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €109,416 | €136,687 | +€27,270 | +24.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.