VIS NOCH VLEES: 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 NOCH VLEES
Largest movements
- Tangible fixed assets -€16,789
down €16,789 (-3.3%), from €502,390 to €485,600
- Cash -€12,812
down €12,812 (-62.2%), from €20,604 to €7,793
mainly Debts after one year (-€35,405) and Trade debts (-€5,133)
- Debts after one year -€35,405
down €35,405 (-9.1%), from €391,103 to €355,698
of which Financial debts: -€31,072
- Profit (loss) carried forward +€10,265
up €10,265 (+21.7%), from -€47,290 to -€37,025
- Gross operating margin +€3,527
up €3,527 (+7.0%), from €50,566 to €54,093
- Taxes +€1,512
up €1,512 (+28.5%), from €5,310 to €6,822
- Depreciation -€905
down €905 (-5.1%), from €17,694 to €16,789
- Financial charges -€658
down €658 (-4.1%), from €16,171 to €15,513
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 | €531,597 | €503,344 | -€28,253 | -5.3% |
| Fixed assets | 21/28 | €502,390 | €485,600 | -€16,789 | -3.3% |
| Tangible fixed assets | 22/27 | €502,390 | €485,600 | -€16,789 | -3.3% |
| Land and buildings | 22 | €502,390 | €485,600 | -€16,789 | -3.3% |
| Current assets | 29/58 | €29,207 | €17,744 | -€11,463 | -39.2% |
| Amounts receivable within one year | 40/41 | €7,471 | €8,781 | +€1,310 | +17.5% |
| Trade receivables | 40 | €7,471 | €8,781 | +€1,310 | +17.5% |
| Cash at bank and in hand | 54/58 | €20,604 | €7,793 | -€12,812 | -62.2% |
| Deferred charges and accrued income | 490/1 | €1,132 | €1,170 | +€39 | +3.4% |
| Total equity and liabilities | 10/49 | €531,597 | €503,344 | -€28,253 | -5.3% |
| Equity | 10/15 | €83,097 | €93,362 | +€10,265 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €111,787 | €111,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,290 | -€37,025 | +€10,265 | +21.7% |
| Amounts payable | 17/49 | €448,499 | €409,982 | -€38,517 | -8.6% |
| Amounts payable after more than one year | 17 | €391,103 | €355,698 | -€35,405 | -9.1% |
| Financial debts | 170/4 | €97,492 | €66,420 | -€31,072 | -31.9% |
| Other amounts payable | 178/9 | €293,611 | €289,278 | -€4,333 | -1.5% |
| Amounts payable within one year | 42/48 | €55,877 | €52,714 | -€3,163 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €30,614 | €31,072 | +€458 | +1.5% |
| Trade debts | 44 | €5,153 | €20 | -€5,133 | -99.6% |
| Suppliers | 440/4 | €5,153 | €20 | -€5,133 | -99.6% |
| Advances received on contracts in progress | 46 | €14,800 | €14,800 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,310 | €6,822 | +€1,512 | +28.5% |
| Taxes | 450/3 | €5,310 | €6,822 | +€1,512 | +28.5% |
| Accrued charges and deferred income | 492/3 | €1,519 | €1,570 | +€51 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,694 | €16,789 | -€905 | -5.1% |
| Other operating charges | 640/8 | €4,559 | €4,704 | +€145 | +3.2% |
| Gross operating margin | 9900 | €50,566 | €54,093 | +€3,527 | +7.0% |
| Operating profit (loss) | 9901 | €28,312 | €32,599 | +€4,287 | +15.1% |
| Financial charges | 65/66B | €16,171 | €15,513 | -€658 | -4.1% |
| Recurring financial charges | 65 | €16,171 | €15,513 | -€658 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €12,142 | €17,086 | +€4,945 | +40.7% |
| Income taxes | 67/77 | €5,310 | €6,822 | +€1,512 | +28.5% |
| Profit (loss) for the period | 9904 | €6,832 | €10,265 | +€3,433 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,832 | €10,265 | +€3,433 | +50.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.