VISA BELGIUM: 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.
What changed
VISA BELGIUM
NACE 64.921, Financial service activities, except insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€408,306
2024 · €149,164+€259,143
Equity
€3.1m
2024 · €2.7m+€392,737
Cash
€57.3m
2024 · €46.3m+€10.9m
Balance sheet total
€69.2m
2024 · €54.4m+€14.8m
Largest movements
Assets
- Cash +€10.9m
up €10.9m (+23.6%), from €46.3m to €57.3m
mainly Debts after one year (+€15.7m) and Current investments (+€2.9m)
- Receivables within one year +€6.7m
up €6.7m (+283%), from €2.4m to €9.1m
of which Other amounts receivable: +€7.0m
- Current investments -€2.9m
down €2.9m (-50.5%), from €5.7m to €2.8m
Equity and liabilities
- Debts after one year +€15.7m
up €15.7m (+35.9%), from €43.7m to €59.4m
- Other debts -€3.4m
down €3.4m (-45.9%), from €7.4m to €4.0m
- Trade debts +€2.1m
up €2.1m (+443%), from €467,465 to €2.5m
Income statement
- Turnover +€2.5m
up €2.5m (+40.3%), from €6.1m to €8.5m
- Goods and materials +€2.2m
up €2.2m (+40.3%), from €5.4m to €7.6m
- Financial income +€174,451
up €174,451 (+118%), from €147,529 to €321,980
- Services and other goods +€91,254
up €91,254 (+15.2%), from €602,111 to €693,365
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.
Result 2024
€149,164
Turnover
+€2.5m
Goods and materials
-€2.2m
Services and other goods
-€91,254
Depreciation
-€700
Other operating charges
-€238
Other operating items
+€25,738
Financial income
+€174,451
Financial charges
-€33,789
Taxes
-€72,535
Result 2025
€408,306
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€7.6m
Investment
+€2.9m
Financing
+€15.7m
Cash 2024
€46.3m
From operations (derived)
-€7.6m
Net result for the year
+€408,306
Depreciation
+€1,139
Receivables within one year
-€6.7m
Smaller working-capital items
-€26,803
Trade debts
+€2.1m
Tax, wage and social debts
+€80,368
Other debts
-€3.4m
Investment (derived)
+€2.9m
Investment in fixed assets (net)
-€5,442
Current investments
+€2.9m
Financing
+€15.7m
Debts after one year
+€15.7m
Contributions, distributions and other
-€15,569
Cash 2025
€57.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,399,700 | €69,227,295 | +€14.8m | +27.3% |
| Fixed assets | 21/28 | €577 | €4,879 | +€4,302 | +746% |
| Tangible fixed assets | 22/27 | €577 | €4,879 | +€4,302 | +746% |
| Furniture and vehicles | 24 | €577 | €4,879 | +€4,302 | +746% |
| Current assets | 29/58 | €54,399,123 | €69,222,416 | +€14.8m | +27.2% |
| Amounts receivable within one year | 40/41 | €2,370,601 | €9,090,209 | +€6.7m | +283% |
| Trade receivables | 40 | €1,528,774 | €1,213,260 | -€315,514 | -20.6% |
| Other amounts receivable | 41 | €841,827 | €7,876,949 | +€7.0m | +836% |
| Current investments | 50/53 | €5,681,664 | €2,814,827 | -€2.9m | -50.5% |
| Other investments | 51/53 | €5,681,664 | €2,814,827 | -€2.9m | -50.5% |
| Cash at bank and in hand | 54/58 | €46,337,189 | €57,277,592 | +€10.9m | +23.6% |
| Deferred charges and accrued income | 490/1 | €9,669 | €39,787 | +€30,118 | +312% |
| Total equity and liabilities | 10/49 | €54,399,700 | €69,227,295 | +€14.8m | +27.3% |
| Equity | 10/15 | €2,740,119 | €3,132,857 | +€392,737 | +14.3% |
| Contributions | 10/11 | €45,691 | €45,431 | -€260 | -0.6% |
| Reserves | 13 | €4,508 | €4,482 | -€26 | -0.6% |
| Distributable reserves | 133 | €4,508 | €4,482 | -€26 | -0.6% |
| Profit (loss) carried forward | 14 | €2,689,921 | €3,082,943 | +€393,023 | +14.6% |
| Amounts payable | 17/49 | €51,659,580 | €66,094,438 | +€14.4m | +27.9% |
| Amounts payable after more than one year | 17 | €43,748,500 | €59,439,500 | +€15.7m | +35.9% |
| Other amounts payable | 178/9 | €43,748,500 | €59,439,500 | +€15.7m | +35.9% |
| Amounts payable within one year | 42/48 | €7,911,049 | €6,651,592 | -€1.3m | -15.9% |
| Trade debts | 44 | €467,465 | €2,537,137 | +€2.1m | +443% |
| Suppliers | 440/4 | €467,465 | €2,537,137 | +€2.1m | +443% |
| Taxes, remuneration and social security | 45 | €11,826 | €92,194 | +€80,368 | +680% |
| Taxes | 450/3 | €11,826 | €92,194 | +€80,368 | +680% |
| Other amounts payable | 47/48 | €7,431,758 | €4,022,262 | -€3.4m | -45.9% |
| Accrued charges and deferred income | 492/3 | €31 | €3,346 | +€3,315 | +10,764% |
| Operating income | 70/76A | €6,080,591 | €8,541,637 | +€2.5m | +40.5% |
| Turnover | 70 | €6,080,591 | €8,533,637 | +€2.5m | +40.3% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Operating charges | 60/66A | €6,064,657 | €8,334,688 | +€2.3m | +37.4% |
| Goods for resale, raw materials and consumables | 60 | €5,442,347 | €7,637,925 | +€2.2m | +40.3% |
| Purchases | 600/8 | €5,442,347 | €7,637,925 | +€2.2m | +40.3% |
| Services and other goods | 61 | €602,111 | €693,365 | +€91,254 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €1,139 | +€700 | +159% |
| Other operating charges | 640/8 | €2,020 | €2,258 | +€238 | +11.8% |
| Non-recurring operating charges | 66A | €17,738 | €0 | -€17,738 | -100% |
| Operating profit (loss) | 9901 | €15,934 | €206,949 | +€191,015 | +1,199% |
| Financial income | 75/76B | €147,529 | €321,980 | +€174,451 | +118% |
| Recurring financial income | 75 | €147,529 | €321,980 | +€174,451 | +118% |
| Income from financial fixed assets | 750 | €147,261 | €195,504 | +€48,243 | +32.8% |
| Income from current assets | 751 | - | €126,476 | +€126,476 | |
| Other financial income | 752/9 | €268 | - | -€268 | |
| Financial charges | 65/66B | €7,071 | €40,860 | +€33,789 | +478% |
| Recurring financial charges | 65 | €7,071 | €40,860 | +€33,789 | +478% |
| Debt charges | 650 | €10 | €156 | +€146 | +1,434% |
| Other financial charges | 652/9 | €7,061 | €40,704 | +€33,643 | +476% |
| Profit (loss) for the period before taxes | 9903 | €156,391 | €488,069 | +€331,678 | +212% |
| Income taxes | 67/77 | €7,228 | €79,763 | +€72,535 | +1,004% |
| Taxes | 670/3 | €7,228 | €79,763 | +€72,535 | +1,004% |
| Profit (loss) for the period | 9904 | €149,164 | €408,306 | +€259,143 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €149,164 | €408,306 | +€259,143 | +174% |
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 22 October 2026 via checked.be.