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
- Cash +€15,148
up €15,148 (+61.8%), from €24,530 to €39,678
mainly Net result for the year (+€24,719) and Depreciation (+€13,120)
- Tangible fixed assets -€10,041
down €10,041 (-3.1%), from €325,706 to €315,665
of which Land and buildings: -€9,741
- Reserves +€24,719
up €24,719 (+62.6%), from €39,473 to €64,192
- Debts after one year -€11,449
down €11,449 (-5.6%), from €205,048 to €193,599
- Other debts -€4,560
down €4,560 (-6.4%), from €70,845 to €66,285
- Current portion of long-term debt -€3,677
down €3,677 (-24.3%), from €15,126 to €11,449
- Gross operating margin +€27,797
up €27,797 (+26.1%), from €106,343 to €134,140
- Staff costs +€18,205
up €18,205 (+28.7%), from €63,362 to €81,567
- Taxes +€1,853
up €1,853 (+25.6%), from €7,236 to €9,089
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,758 | €363,054 | +€6,296 | +1.8% |
| Fixed assets | 21/28 | €325,706 | €315,665 | -€10,041 | -3.1% |
| Tangible fixed assets | 22/27 | €325,706 | €315,665 | -€10,041 | -3.1% |
| Land and buildings | 22 | €325,231 | €315,490 | -€9,741 | -3.0% |
| Plant, machinery and equipment | 23 | €475 | €175 | -€300 | -63.2% |
| Current assets | 29/58 | €31,052 | €47,390 | +€16,337 | +52.6% |
| Stocks and contracts in progress | 3 | €4,903 | €6,323 | +€1,419 | +28.9% |
| Stocks | 30/36 | €4,903 | €6,323 | +€1,419 | +28.9% |
| Amounts receivable within one year | 40/41 | €764 | €764 | = | 0.0% |
| Other amounts receivable | 41 | €764 | €764 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,530 | €39,678 | +€15,148 | +61.8% |
| Deferred charges and accrued income | 490/1 | €855 | €625 | -€230 | -26.9% |
| Total equity and liabilities | 10/49 | €356,758 | €363,054 | +€6,296 | +1.8% |
| Equity | 10/15 | €44,473 | €69,192 | +€24,719 | +55.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,473 | €64,192 | +€24,719 | +62.6% |
| Distributable reserves | 133 | €39,473 | €64,192 | +€24,719 | +62.6% |
| Amounts payable | 17/49 | €312,286 | €293,863 | -€18,423 | -5.9% |
| Amounts payable after more than one year | 17 | €205,048 | €193,599 | -€11,449 | -5.6% |
| Financial debts | 170/4 | €205,048 | €193,599 | -€11,449 | -5.6% |
| Amounts payable within one year | 42/48 | €107,238 | €100,264 | -€6,974 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €15,126 | €11,449 | -€3,677 | -24.3% |
| Financial debts | 43 | €5,452 | €5,525 | +€74 | +1.4% |
| Credit institutions | 430/8 | €5,452 | €5,525 | +€74 | +1.4% |
| Trade debts | 44 | €4,870 | €5,033 | +€163 | +3.4% |
| Suppliers | 440/4 | €4,870 | €5,033 | +€163 | +3.4% |
| Taxes, remuneration and social security | 45 | €10,946 | €11,971 | +€1,025 | +9.4% |
| Taxes | 450/3 | €3,545 | €3,617 | +€73 | +2.1% |
| Remuneration and social security | 454/9 | €7,402 | €8,354 | +€952 | +12.9% |
| Other amounts payable | 47/48 | €70,845 | €66,285 | -€4,560 | -6.4% |
| Remuneration, social security and pensions | 62 | €63,362 | €81,567 | +€18,205 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,550 | €13,120 | +€570 | +4.5% |
| Other operating charges | 640/8 | €1,572 | €1,643 | +€71 | +4.5% |
| Gross operating margin | 9900 | €106,343 | €134,140 | +€27,797 | +26.1% |
| Operating profit (loss) | 9901 | €28,860 | €37,810 | +€8,950 | +31.0% |
| Financial income | 75/76B | €12 | €2 | -€10 | -82.5% |
| Recurring financial income | 75 | €12 | €2 | -€10 | -82.5% |
| Financial charges | 65/66B | €3,980 | €4,004 | +€24 | +0.6% |
| Recurring financial charges | 65 | €3,980 | €4,004 | +€24 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €24,892 | €33,809 | +€8,917 | +35.8% |
| Income taxes | 67/77 | €7,236 | €9,089 | +€1,853 | +25.6% |
| Profit (loss) for the period | 9904 | €17,655 | €24,719 | +€7,064 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,655 | €24,719 | +€7,064 | +40.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.