STUDIO VISIE & ONTWIKKELING: 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.
STUDIO VISIE & ONTWIKKELING
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€25,932
down €25,932 (-6.1%), from €421,817 to €395,885
of which Land and buildings: -€24,814
- Cash -€13,657
down €13,657 (-5.8%), from €235,887 to €222,231
mainly Current investments (-€50,000) and Deferred charges and accrued income (-€5,883)
- Reserves +€7,862
up €7,862 (+1.8%), from €440,634 to €448,496
- Gross operating margin -€1,757
down €1,757 (-3.1%), from €57,099 to €55,342
- Depreciation -€1,612
down €1,612 (-5.7%), from €28,082 to €26,470
- Financial income +€1,391
up €1,391 (+4,565%), from €30 to €1,421
- Taxes +€1,356
up €1,356 (+118%), from €1,148 to €2,503
- Financial charges -€1,326
down €1,326 (-8.8%), from €15,036 to €13,710
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.
Derived cash bridge
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 | €659,942 | €675,763 | +€15,821 | +2.4% |
| Fixed assets | 21/28 | €421,817 | €395,885 | -€25,932 | -6.1% |
| Tangible fixed assets | 22/27 | €421,817 | €395,885 | -€25,932 | -6.1% |
| Land and buildings | 22 | €419,260 | €394,445 | -€24,814 | -5.9% |
| Plant, machinery and equipment | 23 | €2,558 | €1,440 | -€1,118 | -43.7% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €238,124 | €279,878 | +€41,753 | +17.5% |
| Amounts receivable within one year | 40/41 | €862 | €389 | -€473 | -54.9% |
| Trade receivables | 40 | - | €200 | +€200 | |
| Other amounts receivable | 41 | €862 | €189 | -€673 | -78.1% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €235,887 | €222,231 | -€13,657 | -5.8% |
| Deferred charges and accrued income | 490/1 | €1,375 | €7,258 | +€5,883 | +428% |
| Total equity and liabilities | 10/49 | €659,942 | €675,763 | +€15,821 | +2.4% |
| Equity | 10/15 | €459,234 | €467,096 | +€7,862 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €440,634 | €448,496 | +€7,862 | +1.8% |
| Distributable reserves | 133 | €440,634 | €448,496 | +€7,862 | +1.8% |
| Amounts payable | 17/49 | €200,708 | €208,667 | +€7,959 | +4.0% |
| Amounts payable within one year | 42/48 | €197,334 | €206,193 | +€8,859 | +4.5% |
| Trade debts | 44 | €940 | €4,401 | +€3,461 | +368% |
| Suppliers | 440/4 | €940 | €4,401 | +€3,461 | +368% |
| Taxes, remuneration and social security | 45 | €4,427 | €5,599 | +€1,173 | +26.5% |
| Taxes | 450/3 | €4,427 | €5,599 | +€1,173 | +26.5% |
| Other amounts payable | 47/48 | €191,968 | €196,193 | +€4,225 | +2.2% |
| Accrued charges and deferred income | 492/3 | €3,373 | €2,474 | -€900 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,082 | €26,470 | -€1,612 | -5.7% |
| Other operating charges | 640/8 | €6,090 | €6,218 | +€128 | +2.1% |
| Gross operating margin | 9900 | €57,099 | €55,342 | -€1,757 | -3.1% |
| Operating profit (loss) | 9901 | €22,927 | €22,654 | -€273 | -1.2% |
| Financial income | 75/76B | €30 | €1,421 | +€1,391 | +4,565% |
| Recurring financial income | 75 | €30 | €1,421 | +€1,391 | +4,565% |
| Financial charges | 65/66B | €15,036 | €13,710 | -€1,326 | -8.8% |
| Recurring financial charges | 65 | €15,036 | €13,710 | -€1,326 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €7,922 | €10,365 | +€2,444 | +30.8% |
| Income taxes | 67/77 | €1,148 | €2,503 | +€1,356 | +118% |
| Profit (loss) for the period | 9904 | €6,774 | €7,862 | +€1,088 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,774 | €7,862 | +€1,088 | +16.1% |
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 30 October 2026 via checked.be.