VISACON: 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.
VISACON
Largest movements
- Cash -€108,699
down €108,699 (-83.2%), from €130,572 to €21,873
mainly Current investments (-€102,215) and Contributions, distributions and other (-€95,521)
- Current investments +€102,215
up €102,215 (+40.1%), from €255,217 to €357,433
- Tangible fixed assets +€9,051
up €9,051 (+230.7%), from €3,923 to €12,974
- Receivables within one year -€6,778
down €6,778 (-16.6%), from €40,761 to €33,983
of which Other amounts receivable: -€8,624
- Tax, wage and social debts -€25,526
down €25,526 (-28.6%), from €89,358 to €63,832
- Other debts +€17,993
up €17,993 (+25.3%), from €71,019 to €89,012
- Financial charges -€7,267
down €7,267 (-14.7%), from €49,548 to €42,281
- Taxes +€4,607
up €4,607 (+14.4%), from €31,924 to €36,531
- Financial income +€4,126
up €4,126 (+168.6%), from €2,447 to €6,573
- Gross operating margin -€3,355
down €3,355 (-1.9%), from €175,251 to €171,895
- Depreciation +€1,935
up €1,935 (+117.3%), from €1,650 to €3,585
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 | €433,284 | €428,941 | -€4,343 | -1.0% |
| Fixed assets | 21/28 | €3,923 | €12,974 | +€9,051 | +230.7% |
| Tangible fixed assets | 22/27 | €3,923 | €12,974 | +€9,051 | +230.7% |
| Plant, machinery and equipment | 23 | €560 | €3,745 | +€3,185 | +568.9% |
| Furniture and vehicles | 24 | €3,363 | €5,893 | +€2,530 | +75.2% |
| Other tangible fixed assets | 26 | - | €3,335 | +€3,335 | |
| Current assets | 29/58 | €429,361 | €415,967 | -€13,394 | -3.1% |
| Amounts receivable within one year | 40/41 | €40,761 | €33,983 | -€6,778 | -16.6% |
| Trade receivables | 40 | €32,137 | €33,983 | +€1,846 | +5.7% |
| Other amounts receivable | 41 | €8,624 | - | -€8,624 | |
| Current investments | 50/53 | €255,217 | €357,433 | +€102,215 | +40.1% |
| Cash at bank and in hand | 54/58 | €130,572 | €21,873 | -€108,699 | -83.2% |
| Deferred charges and accrued income | 490/1 | €2,810 | €2,678 | -€133 | -4.7% |
| Total equity and liabilities | 10/49 | €433,284 | €428,941 | -€4,343 | -1.0% |
| Equity | 10/15 | €268,884 | €268,884 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €263,884 | €263,884 | = | 0.0% |
| Distributable reserves | 133 | €263,884 | €263,884 | = | 0.0% |
| Amounts payable | 17/49 | €164,399 | €160,056 | -€4,343 | -2.6% |
| Amounts payable within one year | 42/48 | €164,399 | €160,056 | -€4,343 | -2.6% |
| Financial debts | 43 | - | €1 | +€1 | |
| Credit institutions | 430/8 | - | €1 | +€1 | |
| Trade debts | 44 | €4,023 | €7,212 | +€3,189 | +79.3% |
| Suppliers | 440/4 | €4,023 | €7,212 | +€3,189 | +79.3% |
| Taxes, remuneration and social security | 45 | €89,358 | €63,832 | -€25,526 | -28.6% |
| Taxes | 450/3 | €89,358 | €63,832 | -€25,526 | -28.6% |
| Other amounts payable | 47/48 | €71,019 | €89,012 | +€17,993 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,650 | €3,585 | +€1,935 | +117.3% |
| Other operating charges | 640/8 | €495 | €551 | +€56 | +11.2% |
| Gross operating margin | 9900 | €175,251 | €171,895 | -€3,355 | -1.9% |
| Operating profit (loss) | 9901 | €173,106 | €167,760 | -€5,346 | -3.1% |
| Financial income | 75/76B | €2,447 | €6,573 | +€4,126 | +168.6% |
| Recurring financial income | 75 | €2,447 | €6,573 | +€4,126 | +168.6% |
| Financial charges | 65/66B | €49,548 | €42,281 | -€7,267 | -14.7% |
| Recurring financial charges | 65 | €49,548 | €42,281 | -€7,267 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €126,005 | €132,052 | +€6,047 | +4.8% |
| Income taxes | 67/77 | €31,924 | €36,531 | +€4,607 | +14.4% |
| Profit (loss) for the period | 9904 | €94,081 | €95,521 | +€1,439 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,081 | €95,521 | +€1,439 | +1.5% |
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 29 September 2026 via checked.be.