VIS: 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.
VIS
Largest movements
- Stocks and contracts -€49,992
down €49,992 (-44.3%), from €112,959 to €62,967
- Cash +€16,299
up €16,299 (+76.7%), from €21,246 to €37,546
mainly Stocks and contracts (+€49,992) and Net result for the year (+€21,008)
- Tangible fixed assets -€14,921
down €14,921 (-7.3%), from €204,364 to €189,443
of which Other tangible fixed assets: -€17,124
- Other debts -€39,272
down €39,272 (-33.0%), from €119,140 to €79,868
- Profit (loss) carried forward +€21,008
up €21,008 (+43.5%), from -€48,329 to -€27,321
- Trade debts -€20,049
down €20,049 (-50.1%), from €40,029 to €19,980
- Tax, wage and social debts -€8,950
down €8,950 (-22.3%), from €40,166 to €31,216
of which Taxes: -€6,486
- Debts after one year -€7,000
down €7,000 (-5.3%), from €131,000 to €124,000
- Staff costs -€19,316
down €19,316 (-26.3%), from €73,356 to €54,040
- Gross operating margin -€8,690
down €8,690 (-8.1%), from €107,612 to €98,922
- Taxes +€2,167
up €2,167, from €0 to €2,167
- Other operating charges -€1,818
down €1,818 (-82.4%), from €2,207 to €389
- Financial charges -€1,376
down €1,376 (-37.8%), from €3,639 to €2,263
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 | €359,672 | €304,572 | -€55,100 | -15.3% |
| Fixed assets | 21/28 | €207,057 | €189,443 | -€17,614 | -8.5% |
| Intangible fixed assets | 21 | €2,693 | €0 | -€2,693 | -100% |
| Tangible fixed assets | 22/27 | €204,364 | €189,443 | -€14,921 | -7.3% |
| Plant, machinery and equipment | 23 | €324 | €0 | -€324 | -100% |
| Furniture and vehicles | 24 | - | €2,526 | +€2,526 | |
| Other tangible fixed assets | 26 | €204,041 | €186,917 | -€17,124 | -8.4% |
| Current assets | 29/58 | €152,615 | €115,129 | -€37,486 | -24.6% |
| Stocks and contracts in progress | 3 | €112,959 | €62,967 | -€49,992 | -44.3% |
| Stocks | 30/36 | €112,959 | €62,967 | -€49,992 | -44.3% |
| Amounts receivable within one year | 40/41 | €6,151 | €2,831 | -€3,320 | -54.0% |
| Trade receivables | 40 | €6,151 | €2,831 | -€3,320 | -54.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,246 | €37,546 | +€16,299 | +76.7% |
| Deferred charges and accrued income | 490/1 | €12,259 | €11,786 | -€473 | -3.9% |
| Total equity and liabilities | 10/49 | €359,672 | €304,572 | -€55,100 | -15.3% |
| Equity | 10/15 | €20,271 | €41,279 | +€21,008 | +104% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,329 | -€27,321 | +€21,008 | +43.5% |
| Amounts payable | 17/49 | €339,401 | €263,293 | -€76,108 | -22.4% |
| Amounts payable after more than one year | 17 | €131,000 | €124,000 | -€7,000 | -5.3% |
| Financial debts | 170/4 | €131,000 | €124,000 | -€7,000 | -5.3% |
| Amounts payable within one year | 42/48 | €206,334 | €138,063 | -€68,271 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,000 | = | 0.0% |
| Trade debts | 44 | €40,029 | €19,980 | -€20,049 | -50.1% |
| Suppliers | 440/4 | €40,029 | €19,980 | -€20,049 | -50.1% |
| Taxes, remuneration and social security | 45 | €40,166 | €31,216 | -€8,950 | -22.3% |
| Taxes | 450/3 | €34,525 | €28,039 | -€6,486 | -18.8% |
| Remuneration and social security | 454/9 | €5,641 | €3,178 | -€2,464 | -43.7% |
| Other amounts payable | 47/48 | €119,140 | €79,868 | -€39,272 | -33.0% |
| Accrued charges and deferred income | 492/3 | €2,067 | €1,229 | -€837 | -40.5% |
| Non-recurring operating income | 76A | €819 | €316 | -€502 | -61.4% |
| Remuneration, social security and pensions | 62 | €73,356 | €54,040 | -€19,316 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,200 | €20,527 | -€672 | -3.2% |
| Other operating charges | 640/8 | €2,207 | €389 | -€1,818 | -82.4% |
| Non-recurring operating charges | 66A | €260 | €0 | -€260 | -100% |
| Gross operating margin | 9900 | €107,612 | €98,922 | -€8,690 | -8.1% |
| Operating profit (loss) | 9901 | €10,589 | €23,965 | +€13,376 | +126% |
| Financial income | 75/76B | €1,273 | €1,472 | +€199 | +15.6% |
| Recurring financial income | 75 | €1,273 | €1,472 | +€199 | +15.6% |
| Financial charges | 65/66B | €3,639 | €2,263 | -€1,376 | -37.8% |
| Recurring financial charges | 65 | €3,639 | €2,263 | -€1,376 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €8,223 | €23,175 | +€14,952 | +182% |
| Income taxes | 67/77 | €0 | €2,167 | +€2,167 | |
| Profit (loss) for the period | 9904 | €8,223 | €21,008 | +€12,785 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €8,223 | €21,008 | +€12,785 | +155% |
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 25 October 2026 via checked.be.