VIS LUMINIS: 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 LUMINIS
Largest movements
- Current investments -€435,000
no longer reported in 2025 (was €435,000)
- Cash +€169,113
up €169,113 (+20.1%), from €841,822 to €1.0m
mainly Current investments (+€435,000) and Net result for the year (+€145,327)
- Receivables within one year +€166,142
up €166,142 (+150%), from €110,925 to €277,067
of which Other amounts receivable: +€154,817
- Other debts -€158,997
down €158,997 (-88.8%), from €178,997 to €20,000
- Reserves +€125,328
up €125,328 (+11.0%), from €1.1m to €1.3m
of which Distributable reserves: +€125,328
- Accrued charges and deferred income -€35,586
no longer reported in 2025 (was €35,586)
- Tax, wage and social debts -€28,267
down €28,267 (-32.0%), from €88,421 to €60,154
- Turnover -€264,993
down €264,993 (-51.8%), from €511,973 to €246,980
- Gross operating margin -€150,589
down €150,589 (-47.0%), from €320,467 to €169,878
- Purchases and services -€146,576
down €146,576 (-63.3%), from €231,536 to €84,960
- Taxes -€74,731
down €74,731 (-75.7%), from €98,675 to €23,944
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 | €1,451,278 | €1,353,233 | -€98,045 | -6.8% |
| Fixed assets | 21/28 | €6,497 | €5,545 | -€952 | -14.7% |
| Tangible fixed assets | 22/27 | €6,497 | €5,545 | -€952 | -14.7% |
| Plant, machinery and equipment | 23 | €4,485 | €2,596 | -€1,889 | -42.1% |
| Furniture and vehicles | 24 | €2,012 | €2,949 | +€937 | +46.6% |
| Current assets | 29/58 | €1,444,781 | €1,347,688 | -€97,093 | -6.7% |
| Amounts receivable after more than one year | 29 | €53,000 | €53,000 | = | 0.0% |
| Other amounts receivable | 291 | €53,000 | €53,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €110,925 | €277,067 | +€166,142 | +150% |
| Trade receivables | 40 | - | €11,325 | +€11,325 | |
| Other amounts receivable | 41 | €110,925 | €265,742 | +€154,817 | +140% |
| Current investments | 50/53 | €435,000 | - | -€435,000 | |
| Cash at bank and in hand | 54/58 | €841,822 | €1,010,935 | +€169,113 | +20.1% |
| Deferred charges and accrued income | 490/1 | €4,034 | €6,686 | +€2,652 | +65.7% |
| Total equity and liabilities | 10/49 | €1,451,278 | €1,353,233 | -€98,045 | -6.8% |
| Equity | 10/15 | €1,147,751 | €1,273,079 | +€125,328 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,135,351 | €1,260,679 | +€125,328 | +11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,133,491 | €1,258,819 | +€125,328 | +11.1% |
| Amounts payable | 17/49 | €303,527 | €80,154 | -€223,373 | -73.6% |
| Amounts payable within one year | 42/48 | €267,941 | €80,154 | -€187,787 | -70.1% |
| Trade debts | 44 | €523 | - | -€523 | |
| Suppliers | 440/4 | €523 | - | -€523 | |
| Taxes, remuneration and social security | 45 | €88,421 | €60,154 | -€28,267 | -32.0% |
| Taxes | 450/3 | €88,421 | €60,154 | -€28,267 | -32.0% |
| Other amounts payable | 47/48 | €178,997 | €20,000 | -€158,997 | -88.8% |
| Accrued charges and deferred income | 492/3 | €35,586 | - | -€35,586 | |
| Turnover | 70 | €511,973 | €246,980 | -€264,993 | -51.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €231,536 | €84,960 | -€146,576 | -63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,921 | €2,951 | +€1,030 | +53.6% |
| Other operating charges | 640/8 | €1,873 | €1,263 | -€610 | -32.6% |
| Gross operating margin | 9900 | €320,467 | €169,878 | -€150,589 | -47.0% |
| Operating profit (loss) | 9901 | €316,673 | €165,664 | -€151,009 | -47.7% |
| Financial income | 75/76B | €820 | €3,752 | +€2,932 | +358% |
| Recurring financial income | 75 | €820 | €3,752 | +€2,932 | +358% |
| Financial charges | 65/66B | €140 | €145 | +€5 | +3.6% |
| Recurring financial charges | 65 | €140 | €145 | +€5 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €317,353 | €169,271 | -€148,082 | -46.7% |
| Income taxes | 67/77 | €98,675 | €23,944 | -€74,731 | -75.7% |
| Profit (loss) for the period | 9904 | €218,678 | €145,327 | -€73,351 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €218,678 | €145,327 | -€73,351 | -33.5% |
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 14 October 2026 via checked.be.