PERFECT 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.
PERFECT VISION
Largest movements
- Receivables within one year -€23,378
down €23,378 (-22.2%), from €105,435 to €82,057
of which Trade receivables: -€44,114
- Tangible fixed assets -€12,125
down €12,125 (-34.7%), from €34,987 to €22,862
of which Furniture and vehicles: -€14,091
- Stocks and contracts +€7,239
up €7,239 (+28.4%), from €25,472 to €32,711
- Short-term financial debts +€16,480
up €16,480 (+49.4%), from €33,365 to €49,846
- Other debts -€14,656
no longer reported in 2025 (was €14,656)
- Debts after one year -€12,697
no longer reported in 2025 (was €12,697)
- Tax, wage and social debts -€7,386
down €7,386 (-38.1%), from €19,394 to €12,007
of which Taxes: -€7,078
- Trade debts -€7,176
down €7,176 (-15.4%), from €46,468 to €39,292
- Gross operating margin -€5,741
down €5,741 (-7.8%), from €73,269 to €67,527
- Staff costs +€1,859
up €1,859 (+4.9%), from €38,193 to €40,051
- Depreciation -€1,810
down €1,810 (-7.4%), from €24,294 to €22,484
- Taxes -€1,342
down €1,342 (-33.4%), from €4,019 to €2,677
- Financial income -€761
down €761 (-53.7%), from €1,418 to €657
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 | €170,612 | €141,181 | -€29,431 | -17.3% |
| Fixed assets | 21/28 | €39,654 | €26,362 | -€13,292 | -33.5% |
| Intangible fixed assets | 21 | €4,667 | €3,500 | -€1,167 | -25.0% |
| Tangible fixed assets | 22/27 | €34,987 | €22,862 | -€12,125 | -34.7% |
| Plant, machinery and equipment | 23 | - | €2,497 | +€2,497 | |
| Furniture and vehicles | 24 | €31,449 | €17,358 | -€14,091 | -44.8% |
| Other tangible fixed assets | 26 | €3,538 | €3,007 | -€531 | -15.0% |
| Current assets | 29/58 | €130,958 | €114,819 | -€16,139 | -12.3% |
| Stocks and contracts in progress | 3 | €25,472 | €32,711 | +€7,239 | +28.4% |
| Stocks | 30/36 | €25,472 | €32,711 | +€7,239 | +28.4% |
| Amounts receivable within one year | 40/41 | €105,435 | €82,057 | -€23,378 | -22.2% |
| Trade receivables | 40 | €105,374 | €61,260 | -€44,114 | -41.9% |
| Other amounts receivable | 41 | €61 | €20,797 | +€20,736 | +34138.7% |
| Cash at bank and in hand | 54/58 | €52 | €52 | = | 0.0% |
| Total equity and liabilities | 10/49 | €170,612 | €141,181 | -€29,431 | -17.3% |
| Equity | 10/15 | €31,492 | €27,339 | -€4,154 | -13.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,900 | €8,747 | -€4,154 | -32.2% |
| Tax-exempt reserves | 132 | €4,494 | €4,494 | = | 0.0% |
| Distributable reserves | 133 | €8,406 | €4,252 | -€4,154 | -49.4% |
| Amounts payable | 17/49 | €139,120 | €113,842 | -€25,278 | -18.2% |
| Amounts payable after more than one year | 17 | €12,697 | - | -€12,697 | |
| Financial debts | 170/4 | €12,697 | - | -€12,697 | |
| Amounts payable within one year | 42/48 | €126,423 | €113,842 | -€12,580 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €12,540 | €12,697 | +€158 | +1.3% |
| Financial debts | 43 | €33,365 | €49,846 | +€16,480 | +49.4% |
| Credit institutions | 430/8 | €33,365 | €49,846 | +€16,480 | +49.4% |
| Trade debts | 44 | €46,468 | €39,292 | -€7,176 | -15.4% |
| Suppliers | 440/4 | €46,468 | €39,292 | -€7,176 | -15.4% |
| Taxes, remuneration and social security | 45 | €19,394 | €12,007 | -€7,386 | -38.1% |
| Taxes | 450/3 | €11,922 | €4,844 | -€7,078 | -59.4% |
| Remuneration and social security | 454/9 | €7,471 | €7,163 | -€308 | -4.1% |
| Other amounts payable | 47/48 | €14,656 | - | -€14,656 | |
| Remuneration, social security and pensions | 62 | €38,193 | €40,051 | +€1,859 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,294 | €22,484 | -€1,810 | -7.4% |
| Other operating charges | 640/8 | €1,560 | €1,386 | -€174 | -11.1% |
| Gross operating margin | 9900 | €73,269 | €67,527 | -€5,741 | -7.8% |
| Operating profit (loss) | 9901 | €9,222 | €3,605 | -€5,617 | -60.9% |
| Financial income | 75/76B | €1,418 | €657 | -€761 | -53.7% |
| Recurring financial income | 75 | €1,418 | €657 | -€761 | -53.7% |
| Financial charges | 65/66B | €5,499 | €5,740 | +€240 | +4.4% |
| Recurring financial charges | 65 | €5,499 | €5,740 | +€240 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €5,141 | -€1,477 | -€6,618 | |
| Income taxes | 67/77 | €4,019 | €2,677 | -€1,342 | -33.4% |
| Profit (loss) for the period | 9904 | €1,122 | -€4,154 | -€5,276 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,122 | -€4,154 | -€5,276 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.