PRO VISIE: 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.
PRO VISIE
Largest movements
- Financial fixed assets +€88,085
up €88,085 (+4.1%), from €2.1m to €2.2m
- Cash +€43,356
up €43,356 (+149.9%), from €28,920 to €72,276
mainly Net result for the year (+€431,748) and Other debts (+€46,463)
- Reserves +€280,082
up €280,082 (+19.8%), from €1.4m to €1.7m
- Debts after one year -€146,042
down €146,042 (-44.8%), from €326,287 to €180,246
- Other debts +€46,463
up €46,463 (+52.8%), from €87,975 to €134,438
- Trade debts -€43,241
down €43,241 (-85.4%), from €50,648 to €7,408
- Financial income +€196,939
up €196,939 (+106.5%), from €184,856 to €381,795
- Gross operating margin +€35,656
up €35,656 (+27.4%), from €130,009 to €165,665
- Taxes +€33,717
up €33,717 (+64.0%), from €52,703 to €86,420
- Other operating charges +€20,251
up €20,251 (+1467.7%), from €1,380 to €21,630
- Write-downs -€20,000
new in 2025: -€20,000
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 | €2,313,731 | €2,454,435 | +€140,705 | +6.1% |
| Fixed assets | 21/28 | €2,215,767 | €2,293,194 | +€77,427 | +3.5% |
| Tangible fixed assets | 22/27 | €72,445 | €61,787 | -€10,658 | -14.7% |
| Plant, machinery and equipment | 23 | €19,089 | €17,333 | -€1,757 | -9.2% |
| Furniture and vehicles | 24 | €53,356 | €44,455 | -€8,901 | -16.7% |
| Financial fixed assets | 28 | €2,143,322 | €2,231,407 | +€88,085 | +4.1% |
| Current assets | 29/58 | €97,963 | €161,241 | +€63,278 | +64.6% |
| Amounts receivable within one year | 40/41 | €63,520 | €83,159 | +€19,638 | +30.9% |
| Trade receivables | 40 | €51,176 | €66,795 | +€15,620 | +30.5% |
| Other amounts receivable | 41 | €12,345 | €16,363 | +€4,019 | +32.6% |
| Cash at bank and in hand | 54/58 | €28,920 | €72,276 | +€43,356 | +149.9% |
| Deferred charges and accrued income | 490/1 | €5,523 | €5,806 | +€283 | +5.1% |
| Total equity and liabilities | 10/49 | €2,313,731 | €2,454,435 | +€140,705 | +6.1% |
| Equity | 10/15 | €1,766,240 | €2,046,321 | +€280,082 | +15.9% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €1,416,240 | €1,696,321 | +€280,082 | +19.8% |
| Distributable reserves | 133 | €1,416,240 | €1,696,321 | +€280,082 | +19.8% |
| Amounts payable | 17/49 | €547,491 | €408,114 | -€139,377 | -25.5% |
| Amounts payable after more than one year | 17 | €326,287 | €180,246 | -€146,042 | -44.8% |
| Financial debts | 170/4 | €326,287 | €180,246 | -€146,042 | -44.8% |
| Amounts payable within one year | 42/48 | €219,791 | €227,242 | +€7,450 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €61,144 | €46,042 | -€15,103 | -24.7% |
| Trade debts | 44 | €50,648 | €7,408 | -€43,241 | -85.4% |
| Suppliers | 440/4 | €50,648 | €7,408 | -€43,241 | -85.4% |
| Taxes, remuneration and social security | 45 | €20,023 | €39,354 | +€19,331 | +96.5% |
| Taxes | 450/3 | €20,023 | €39,354 | +€19,331 | +96.5% |
| Other amounts payable | 47/48 | €87,975 | €134,438 | +€46,463 | +52.8% |
| Accrued charges and deferred income | 492/3 | €1,412 | €627 | -€786 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,110 | €21,201 | +€91 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€20,000 | -€20,000 | |
| Other operating charges | 640/8 | €1,380 | €21,630 | +€20,251 | +1467.7% |
| Gross operating margin | 9900 | €130,009 | €165,665 | +€35,656 | +27.4% |
| Operating profit (loss) | 9901 | €107,519 | €142,834 | +€35,315 | +32.8% |
| Financial income | 75/76B | €184,856 | €381,795 | +€196,939 | +106.5% |
| Recurring financial income | 75 | €184,856 | €381,795 | +€196,939 | +106.5% |
| Financial charges | 65/66B | €8,204 | €6,462 | -€1,742 | -21.2% |
| Recurring financial charges | 65 | €8,204 | €6,462 | -€1,742 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €284,171 | €518,168 | +€233,996 | +82.3% |
| Income taxes | 67/77 | €52,703 | €86,420 | +€33,717 | +64.0% |
| Profit (loss) for the period | 9904 | €231,469 | €431,748 | +€200,279 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €231,469 | €431,748 | +€200,279 | +86.5% |
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 12 October 2026 via checked.be.