VISA VERSA: what changed
Two fiscal 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.
VISA VERSA
Largest movements
- Tangible fixed assets -€1,807
down €1,807 (-5.0%), from €36,372 to €34,566
of which Land and buildings: -€1,807
- Cash -€1,171
down €1,171 (-96.3%), from €1,216 to €45
mainly Current portion of long-term debt (-€7,755) and Net result for the year (-€6,461)
- Other debts +€10,120
up €10,120 (+31.5%), from €32,117 to €42,236
- Current portion of long-term debt -€7,755
down €7,755 (-100.0%), from €7,755 to €0
- Profit (loss) carried forward -€6,461
down €6,461 (-68.9%), from -€9,374 to -€15,834
- Trade debts +€740
up €740 (+284.6%), from €260 to €1,000
- Depreciation -€5,746
down €5,746 (-76.1%), from €7,553 to €1,807
- Gross operating margin -€4,469
down €4,469, from €875 to -€3,595
- Other operating charges -€1,449
down €1,449 (-61.4%), from €2,359 to €910
- Financial charges -€187
down €187 (-55.5%), from €337 to €150
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.
Cash bridge derived
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 | €37,954 | €34,611 | -€3,343 | -8.8% |
| Fixed assets | 21/28 | €36,372 | €34,566 | -€1,807 | -5.0% |
| Tangible fixed assets | 22/27 | €36,372 | €34,566 | -€1,807 | -5.0% |
| Land and buildings | 22 | €36,372 | €34,566 | -€1,807 | -5.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €1,582 | €45 | -€1,536 | -97.1% |
| Amounts receivable within one year | 40/41 | €366 | €0 | -€366 | -100.0% |
| Other amounts receivable | 41 | €366 | €0 | -€366 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,216 | €45 | -€1,171 | -96.3% |
| Total equity and liabilities | 10/49 | €37,954 | €34,611 | -€3,343 | -8.8% |
| Equity | 10/15 | -€2,178 | -€8,639 | -€6,461 | -296.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €991 | €991 | = | 0.0% |
| Distributable reserves | 133 | €991 | €991 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,374 | -€15,834 | -€6,461 | -68.9% |
| Amounts payable | 17/49 | €40,132 | €43,249 | +€3,118 | +7.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €40,132 | €43,249 | +€3,118 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €7,755 | €0 | -€7,755 | -100.0% |
| Trade debts | 44 | €260 | €1,000 | +€740 | +284.6% |
| Suppliers | 440/4 | €260 | €1,000 | +€740 | +284.6% |
| Taxes, remuneration and social security | 45 | - | €13 | +€13 | |
| Taxes | 450/3 | - | €13 | +€13 | |
| Other amounts payable | 47/48 | €32,117 | €42,236 | +€10,120 | +31.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,553 | €1,807 | -€5,746 | -76.1% |
| Other operating charges | 640/8 | €2,359 | €910 | -€1,449 | -61.4% |
| Gross operating margin | 9900 | €875 | -€3,595 | -€4,469 | |
| Operating profit (loss) | 9901 | -€9,037 | -€6,311 | +€2,726 | +30.2% |
| Financial charges | 65/66B | €337 | €150 | -€187 | -55.5% |
| Recurring financial charges | 65 | €337 | €150 | -€187 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,374 | -€6,461 | +€2,913 | +31.1% |
| Profit (loss) for the period | 9904 | -€9,374 | -€6,461 | +€2,913 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,374 | -€6,461 | +€2,913 | +31.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.