Visah: 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.
Visah
Largest movements
- Deferred charges and accrued income -€15,000
down €15,000 (-100%), from €15,000 to €0
- Tangible fixed assets -€10,410
down €10,410 (-100%), from €10,410 to €0
- Receivables within one year -€3,580
down €3,580 (-66.2%), from €5,409 to €1,829
of which Other amounts receivable: -€5,409
- Cash +€717
up €717 (+1,954%), from €37 to €754
mainly Deferred charges and accrued income (+€15,000) and Investment in fixed assets (net) (+€10,410)
- Profit (loss) carried forward -€17,767
down €17,767 (-474%), from -€3,748 to -€21,515
- Other debts -€9,410
down €9,410 (-36.5%), from €25,811 to €16,401
- Trade debts -€2,382
down €2,382 (-91.9%), from €2,592 to €209
- Tax, wage and social debts +€1,287
new in 2025: €1,287
- Gross operating margin -€8,071
down €8,071, from €6,319 to -€1,752
- Taxes +€6,875
up €6,875 (+101%), from €6,804 to €13,680
- Depreciation -€2,549
down €2,549 (-100%), from €2,549 to €0
- Other operating charges -€387
down €387 (-100%), from €387 to €0
- Financial income -€296
down €296 (-100%), from €296 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,855 | €2,583 | -€28,272 | -91.6% |
| Fixed assets | 21/28 | €10,410 | €0 | -€10,410 | -100% |
| Tangible fixed assets | 22/27 | €10,410 | €0 | -€10,410 | -100% |
| Plant, machinery and equipment | 23 | €10,410 | €0 | -€10,410 | -100% |
| Current assets | 29/58 | €20,445 | €2,583 | -€17,863 | -87.4% |
| Amounts receivable within one year | 40/41 | €5,409 | €1,829 | -€3,580 | -66.2% |
| Trade receivables | 40 | - | €1,829 | +€1,829 | |
| Other amounts receivable | 41 | €5,409 | €0 | -€5,409 | -100% |
| Cash at bank and in hand | 54/58 | €37 | €754 | +€717 | +1,954% |
| Deferred charges and accrued income | 490/1 | €15,000 | €0 | -€15,000 | -100% |
| Total equity and liabilities | 10/49 | €30,855 | €2,583 | -€28,272 | -91.6% |
| Equity | 10/15 | €2,452 | -€15,315 | -€17,767 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,748 | -€21,515 | -€17,767 | -474% |
| Amounts payable | 17/49 | €28,403 | €17,898 | -€10,505 | -37.0% |
| Amounts payable within one year | 42/48 | €28,403 | €17,898 | -€10,505 | -37.0% |
| Trade debts | 44 | €2,592 | €209 | -€2,382 | -91.9% |
| Suppliers | 440/4 | €2,592 | €209 | -€2,382 | -91.9% |
| Taxes, remuneration and social security | 45 | - | €1,287 | +€1,287 | |
| Taxes | 450/3 | - | €1,287 | +€1,287 | |
| Other amounts payable | 47/48 | €25,811 | €16,401 | -€9,410 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,549 | €0 | -€2,549 | -100% |
| Other operating charges | 640/8 | €387 | €0 | -€387 | -100% |
| Non-recurring operating charges | 66A | - | €2,081 | +€2,081 | |
| Gross operating margin | 9900 | €6,319 | -€1,752 | -€8,071 | |
| Operating profit (loss) | 9901 | €3,382 | -€3,833 | -€7,215 | |
| Financial income | 75/76B | €296 | €0 | -€296 | -100% |
| Recurring financial income | 75 | €296 | €0 | -€296 | -100% |
| Financial charges | 65/66B | €114 | €255 | +€140 | +123% |
| Recurring financial charges | 65 | €114 | €255 | +€140 | +123% |
| Profit (loss) for the period before taxes | 9903 | €3,564 | -€4,088 | -€7,651 | |
| Income taxes | 67/77 | €6,804 | €13,680 | +€6,875 | +101% |
| Profit (loss) for the period | 9904 | -€3,241 | -€17,767 | -€14,526 | -448% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,241 | -€17,767 | -€14,526 | -448% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.