Visable: 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.
Visable
Largest movements
- Deferred charges and accrued income -€42,929
down €42,929 (-42.6%), from €100,727 to €57,797
- Cash -€30,144
down €30,144 (-50.6%), from €59,613 to €29,469
mainly Net result for the year (-€424,494) and Accrued charges and deferred income (-€1,987)
- Receivables within one year -€19,997
down €19,997 (-10.2%), from €196,894 to €176,897
of which Trade receivables: -€20,086
- Profit (loss) carried forward -€424,494
down €424,494 (-34.0%), from -€1.2m to -€1.7m
- Trade debts +€274,665
up €274,665 (+77.3%), from €355,254 to €629,920
- Provisions +€30,000
new in 2025: €30,000
- Other debts +€24,135
up €24,135 (+2.7%), from €903,474 to €927,609
- Tax, wage and social debts +€4,611
up €4,611 (+5.8%), from €79,479 to €84,090
of which Taxes: +€20,624
- Staff costs +€296,085
up €296,085 (+309.0%), from €95,807 to €391,892
- Gross operating margin +€133,160
up €133,160 (+148.2%), from €89,871 to €223,031
- Write-downs +€111,470
up €111,470 (+817.7%), from €13,633 to €125,103
- Provisions +€30,000
new in 2025: €30,000
- Financial charges +€10,194
up €10,194 (+388.1%), from €2,627 to €12,820
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 | €361,387 | €268,317 | -€93,070 | -25.8% |
| Fixed assets | 21/28 | €4,153 | €4,153 | = | 0.0% |
| Financial fixed assets | 28 | €4,153 | €4,153 | = | 0.0% |
| Current assets | 29/58 | €357,234 | €264,164 | -€93,070 | -26.1% |
| Amounts receivable within one year | 40/41 | €196,894 | €176,897 | -€19,997 | -10.2% |
| Trade receivables | 40 | €196,818 | €176,732 | -€20,086 | -10.2% |
| Other amounts receivable | 41 | €76 | €165 | +€89 | +116.0% |
| Cash at bank and in hand | 54/58 | €59,613 | €29,469 | -€30,144 | -50.6% |
| Deferred charges and accrued income | 490/1 | €100,727 | €57,797 | -€42,929 | -42.6% |
| Total equity and liabilities | 10/49 | €361,387 | €268,317 | -€93,070 | -25.8% |
| Equity | 10/15 | -€1,229,489 | -€1,653,983 | -€424,494 | -34.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,249,489 | -€1,673,983 | -€424,494 | -34.0% |
| Provisions and deferred taxes | 16 | - | €30,000 | +€30,000 | |
| Provisions for liabilities and charges | 160/5 | - | €30,000 | +€30,000 | |
| Pensions and similar obligations | 160 | - | €30,000 | +€30,000 | |
| Amounts payable | 17/49 | €1,590,876 | €1,892,300 | +€301,424 | +18.9% |
| Amounts payable within one year | 42/48 | €1,338,207 | €1,641,619 | +€303,411 | +22.7% |
| Trade debts | 44 | €355,254 | €629,920 | +€274,665 | +77.3% |
| Suppliers | 440/4 | €355,254 | €629,920 | +€274,665 | +77.3% |
| Taxes, remuneration and social security | 45 | €79,479 | €84,090 | +€4,611 | +5.8% |
| Taxes | 450/3 | €22,252 | €42,875 | +€20,624 | +92.7% |
| Remuneration and social security | 454/9 | €57,227 | €41,215 | -€16,012 | -28.0% |
| Other amounts payable | 47/48 | €903,474 | €927,609 | +€24,135 | +2.7% |
| Accrued charges and deferred income | 492/3 | €252,669 | €250,682 | -€1,987 | -0.8% |
| Non-recurring operating income | 76A | €56 | - | -€56 | |
| Remuneration, social security and pensions | 62 | €95,807 | €391,892 | +€296,085 | +309.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,633 | €125,103 | +€111,470 | +817.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €30,000 | +€30,000 | |
| Non-recurring operating charges | 66A | - | €87,809 | +€87,809 | |
| Gross operating margin | 9900 | €89,871 | €223,031 | +€133,160 | +148.2% |
| Operating profit (loss) | 9901 | -€19,569 | -€411,773 | -€392,204 | -2004.2% |
| Financial income | 75/76B | - | €99 | +€99 | |
| Recurring financial income | 75 | - | €99 | +€99 | |
| Financial charges | 65/66B | €2,627 | €12,820 | +€10,194 | +388.1% |
| Recurring financial charges | 65 | €2,627 | €12,820 | +€10,194 | +388.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,196 | -€424,494 | -€402,298 | -1812.5% |
| Profit (loss) for the period | 9904 | -€22,196 | -€424,494 | -€402,298 | -1812.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,196 | -€424,494 | -€402,298 | -1812.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.