’t Vispunt: what changed
What changed
’t Vispunt
NACE 47.230, Retail trade
filed annual accounts (NBB)
Net result for the year
€11,975
2025 · -€22,028+€34,003
Equity
€51,958
2025 · €55,654-€3,696
Cash
€44,658
2025 · €27,493+€17,165
Balance sheet total
€349,958
2025 · €335,079+€14,879
Largest movements
Assets
- Cash +€17,165
up €17,165 (+62.4%), from €27,493 to €44,658
mainly Depreciation (+€40,832) and Trade debts (+€18,779)
- Receivables within one year +€14,238
up €14,238 (+131%), from €10,844 to €25,083
of which Trade receivables: +€14,981
- Tangible fixed assets -€14,197
down €14,197 (-5.4%), from €261,120 to €246,922
of which Land and buildings: -€8,889
Equity and liabilities
- Trade debts +€18,779
up €18,779 (+30.2%), from €62,186 to €80,965
- Reserves -€15,671
down €15,671 (-27.2%), from €57,682 to €42,011
- Other debts +€15,371
up €15,371 (+67.8%), from €22,686 to €38,057
- Debts after one year -€12,102
down €12,102 (-7.3%), from €166,206 to €154,104
- Profit (loss) carried forward +€11,975
up €11,975 (+54.4%), from -€22,028 to -€10,053
Income statement
- Gross operating margin +€21,993
up €21,993 (+18.6%), from €118,019 to €140,011
- Depreciation -€16,305
down €16,305 (-28.5%), from €57,137 to €40,832
- Other operating charges +€1,468
up €1,468 (+38.4%), from €3,817 to €5,285
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€22,028
Gross operating margin
+€21,993
Staff costs
-€925
Depreciation
+€16,305
Other operating charges
-€1,468
Financial income
+€105
Financial charges
-€790
Taxes
-€1,217
Result 2026
€11,975
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€72,691
Investment
-€25,635
Financing
-€29,891
Cash 2025
€27,493
From operations (derived)
+€72,691
Net result for the year
+€11,975
Depreciation
+€40,832
Stocks and contracts
+€1,102
Receivables within one year
-€14,238
Deferred charges and accrued income
+€225
Trade debts
+€18,779
Tax, wage and social debts
-€1,355
Other debts
+€15,371
Investment (derived)
-€25,635
Investment in fixed assets (net)
-€25,635
Financing
-€29,891
Debts after one year
-€12,102
Current portion of long-term debt
-€2,118
Contributions, distributions and other
-€15,671
Cash 2026
€44,658
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,079 | €349,958 | +€14,879 | +4.4% |
| Fixed assets | 21/28 | €262,270 | €247,072 | -€15,197 | -5.8% |
| Intangible fixed assets | 21 | €700 | - | -€700 | |
| Tangible fixed assets | 22/27 | €261,120 | €246,922 | -€14,197 | -5.4% |
| Land and buildings | 22 | €179,311 | €170,422 | -€8,889 | -5.0% |
| Plant, machinery and equipment | 23 | €52,834 | €48,039 | -€4,795 | -9.1% |
| Furniture and vehicles | 24 | €19,911 | €16,467 | -€3,443 | -17.3% |
| Leasing and similar rights | 25 | €6,847 | €4,988 | -€1,859 | -27.2% |
| Other tangible fixed assets | 26 | €2,218 | €7,007 | +€4,789 | +216% |
| Financial fixed assets | 28 | €450 | €150 | -€300 | -66.7% |
| Current assets | 29/58 | €72,810 | €102,886 | +€30,077 | +41.3% |
| Stocks and contracts in progress | 3 | €28,323 | €27,221 | -€1,102 | -3.9% |
| Stocks | 30/36 | €28,323 | €27,221 | -€1,102 | -3.9% |
| Amounts receivable within one year | 40/41 | €10,844 | €25,083 | +€14,238 | +131% |
| Trade receivables | 40 | €4,211 | €19,192 | +€14,981 | +356% |
| Other amounts receivable | 41 | €6,633 | €5,890 | -€743 | -11.2% |
| Cash at bank and in hand | 54/58 | €27,493 | €44,658 | +€17,165 | +62.4% |
| Deferred charges and accrued income | 490/1 | €6,149 | €5,924 | -€225 | -3.7% |
| Total equity and liabilities | 10/49 | €335,079 | €349,958 | +€14,879 | +4.4% |
| Equity | 10/15 | €55,654 | €51,958 | -€3,696 | -6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €57,682 | €42,011 | -€15,671 | -27.2% |
| Distributable reserves | 133 | €57,682 | €42,011 | -€15,671 | -27.2% |
| Profit (loss) carried forward | 14 | -€22,028 | -€10,053 | +€11,975 | +54.4% |
| Amounts payable | 17/49 | €279,425 | €298,000 | +€18,575 | +6.6% |
| Amounts payable after more than one year | 17 | €166,206 | €154,104 | -€12,102 | -7.3% |
| Financial debts | 170/4 | €166,206 | €154,104 | -€12,102 | -7.3% |
| Amounts payable within one year | 42/48 | €113,220 | €143,896 | +€30,677 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €26,189 | €24,070 | -€2,118 | -8.1% |
| Trade debts | 44 | €62,186 | €80,965 | +€18,779 | +30.2% |
| Suppliers | 440/4 | €62,186 | €80,965 | +€18,779 | +30.2% |
| Taxes, remuneration and social security | 45 | €2,158 | €804 | -€1,355 | -62.8% |
| Taxes | 450/3 | €244 | - | -€244 | |
| Remuneration and social security | 454/9 | €1,915 | €804 | -€1,111 | -58.0% |
| Other amounts payable | 47/48 | €22,686 | €38,057 | +€15,371 | +67.8% |
| Remuneration, social security and pensions | 62 | €74,201 | €75,126 | +€925 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,137 | €40,832 | -€16,305 | -28.5% |
| Other operating charges | 640/8 | €3,817 | €5,285 | +€1,468 | +38.4% |
| Gross operating margin | 9900 | €118,019 | €140,011 | +€21,993 | +18.6% |
| Operating profit (loss) | 9901 | -€17,136 | €18,768 | +€35,905 | |
| Financial income | 75/76B | €46 | €152 | +€105 | +227% |
| Recurring financial income | 75 | €46 | €152 | +€105 | +227% |
| Financial charges | 65/66B | €4,681 | €5,471 | +€790 | +16.9% |
| Recurring financial charges | 65 | €4,681 | €5,471 | +€790 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,771 | €13,449 | +€35,220 | |
| Income taxes | 67/77 | €257 | €1,474 | +€1,217 | +473% |
| Profit (loss) for the period | 9904 | -€22,028 | €11,975 | +€34,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,028 | €11,975 | +€34,003 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.