Split 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.
Split Vision
Largest movements
- Receivables within one year +€96,100
up €96,100 (+11036.8%), from €871 to €96,971
of which Trade receivables: +€95,854
- Tangible fixed assets -€19,135
down €19,135 (-3.9%), from €495,734 to €476,599
of which Land and buildings: -€19,800
- Cash +€10,437
up €10,437 (+11.0%), from €95,191 to €105,628
mainly Net result for the year (+€76,871) and Trade debts (+€23,101)
- Reserves +€76,871
up €76,871 (+53.7%), from €143,162 to €220,033
- Debts after one year -€26,743
down €26,743 (-6.7%), from €397,317 to €370,575
- Trade debts +€23,101
up €23,101 (+30439.7%), from €76 to €23,177
- Tax, wage and social debts +€12,968
up €12,968 (+75.2%), from €17,236 to €30,204
- Current portion of long-term debt +€8,996
up €8,996 (+32.5%), from €27,683 to €36,678
- Other operating charges -€46,735
down €46,735 (-93.3%), from €50,107 to €3,372
- Financial charges +€11,673
up €11,673 (+18981.0%), from €62 to €11,735
- Depreciation +€7,054
up €7,054 (+48.5%), from €14,531 to €21,585
- Taxes +€5,032
up €5,032 (+35.5%), from €14,187 to €19,220
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 | €591,796 | €683,667 | +€91,870 | +15.5% |
| Fixed assets | 21/28 | €495,734 | €476,599 | -€19,135 | -3.9% |
| Tangible fixed assets | 22/27 | €495,734 | €476,599 | -€19,135 | -3.9% |
| Land and buildings | 22 | €493,350 | €473,550 | -€19,800 | -4.0% |
| Plant, machinery and equipment | 23 | €2,384 | €3,049 | +€665 | +27.9% |
| Current assets | 29/58 | €96,062 | €207,068 | +€111,006 | +115.6% |
| Stocks and contracts in progress | 3 | - | €2,100 | +€2,100 | |
| Stocks | 30/36 | - | €2,100 | +€2,100 | |
| Amounts receivable within one year | 40/41 | €871 | €96,971 | +€96,100 | +11036.8% |
| Trade receivables | 40 | €0 | €95,854 | +€95,854 | |
| Other amounts receivable | 41 | €871 | €1,116 | +€246 | +28.2% |
| Cash at bank and in hand | 54/58 | €95,191 | €105,628 | +€10,437 | +11.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,369 | +€2,369 | |
| Total equity and liabilities | 10/49 | €591,796 | €683,667 | +€91,870 | +15.5% |
| Equity | 10/15 | €146,162 | €223,033 | +€76,871 | +52.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €143,162 | €220,033 | +€76,871 | +53.7% |
| Distributable reserves | 133 | €143,162 | €220,033 | +€76,871 | +53.7% |
| Amounts payable | 17/49 | €445,634 | €460,634 | +€14,999 | +3.4% |
| Amounts payable after more than one year | 17 | €397,317 | €370,575 | -€26,743 | -6.7% |
| Financial debts | 170/4 | €397,317 | €370,575 | -€26,743 | -6.7% |
| Amounts payable within one year | 42/48 | €47,817 | €90,059 | +€42,242 | +88.3% |
| Current portion of amounts payable after more than one year | 42 | €27,683 | €36,678 | +€8,996 | +32.5% |
| Trade debts | 44 | €76 | €23,177 | +€23,101 | +30439.7% |
| Suppliers | 440/4 | €76 | €23,177 | +€23,101 | +30439.7% |
| Taxes, remuneration and social security | 45 | €17,236 | €30,204 | +€12,968 | +75.2% |
| Taxes | 450/3 | €17,236 | €30,204 | +€12,968 | +75.2% |
| Other amounts payable | 47/48 | €2,822 | €0 | -€2,822 | -100.0% |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,531 | €21,585 | +€7,054 | +48.5% |
| Other operating charges | 640/8 | €50,107 | €3,372 | -€46,735 | -93.3% |
| Gross operating margin | 9900 | €133,930 | €132,783 | -€1,147 | -0.9% |
| Operating profit (loss) | 9901 | €69,292 | €107,825 | +€38,533 | +55.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €62 | €11,735 | +€11,673 | +18981.0% |
| Recurring financial charges | 65 | €62 | €11,735 | +€11,673 | +18981.0% |
| Profit (loss) for the period before taxes | 9903 | €69,231 | €96,091 | +€26,860 | +38.8% |
| Income taxes | 67/77 | €14,187 | €19,220 | +€5,032 | +35.5% |
| Profit (loss) for the period | 9904 | €55,043 | €76,871 | +€21,828 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,043 | €76,871 | +€21,828 | +39.7% |
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 10 October 2026 via checked.be.