VISAN: 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.
VISAN
Largest movements
- Receivables within one year +€37,237
up €37,237 (+396%), from €9,398 to €46,635
of which Other amounts receivable: +€31,151
- Cash -€2,728
down €2,728 (-77.5%), from €3,520 to €791
mainly Receivables within one year (-€37,237)
- Profit (loss) carried forward +€14,520
up €14,520 (+1,956%), from €743 to €15,263
- Trade debts +€11,247
up €11,247 (+496%), from €2,265 to €13,513
of which Bills of exchange payable: +€11,253
- Tax, wage and social debts +€8,741
up €8,741 (+473%), from €1,850 to €10,591
- Gross operating margin +€11,548
up €11,548 (+129%), from €8,926 to €20,474
- Taxes +€3,718
up €3,718 (+203%), from €1,836 to €5,554
- Depreciation -€1,937
no longer reported in 2025 (was €1,937)
- Financial income -€1,391
down €1,391 (-99.9%), from €1,392 to €1
of which Non-recurring financial income: -€1,392
- Financial charges -€1,164
down €1,164 (-74.4%), from €1,565 to €401
of which Non-recurring financial charges: -€1,392
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 | €12,917 | €47,426 | +€34,509 | +267% |
| Current assets | 29/58 | €12,917 | €47,426 | +€34,509 | +267% |
| Amounts receivable within one year | 40/41 | €9,398 | €46,635 | +€37,237 | +396% |
| Trade receivables | 40 | €8,115 | €14,200 | +€6,086 | +75.0% |
| Other amounts receivable | 41 | €1,283 | €32,435 | +€31,151 | +2,427% |
| Cash at bank and in hand | 54/58 | €3,520 | €791 | -€2,728 | -77.5% |
| Total equity and liabilities | 10/49 | €12,917 | €47,426 | +€34,509 | +267% |
| Equity | 10/15 | €8,803 | €23,323 | +€14,520 | +165% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €743 | €15,263 | +€14,520 | +1,956% |
| Amounts payable | 17/49 | €4,115 | €24,103 | +€19,988 | +486% |
| Amounts payable within one year | 42/48 | €4,115 | €24,103 | +€19,988 | +486% |
| Trade debts | 44 | €2,265 | €13,513 | +€11,247 | +496% |
| Suppliers | 440/4 | €2,265 | €2,260 | -€6 | -0.3% |
| Bills of exchange payable | 441 | - | €11,253 | +€11,253 | |
| Taxes, remuneration and social security | 45 | €1,850 | €10,591 | +€8,741 | +473% |
| Taxes | 450/3 | €1,850 | €10,591 | +€8,741 | +473% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,937 | - | -€1,937 | |
| Other operating charges | 640/8 | €324 | - | -€324 | |
| Gross operating margin | 9900 | €8,926 | €20,474 | +€11,548 | +129% |
| Operating profit (loss) | 9901 | €6,665 | €20,474 | +€13,809 | +207% |
| Financial income | 75/76B | €1,392 | €1 | -€1,391 | -99.9% |
| Recurring financial income | 75 | €1,392 | €1 | -€1,391 | -99.9% |
| Non-recurring financial income | 76B | €1,392 | - | -€1,392 | |
| Financial charges | 65/66B | €1,565 | €401 | -€1,164 | -74.4% |
| Recurring financial charges | 65 | €173 | €401 | +€228 | +131% |
| Non-recurring financial charges | 66B | €1,392 | - | -€1,392 | |
| Profit (loss) for the period before taxes | 9903 | €6,492 | €20,074 | +€13,582 | +209% |
| Income taxes | 67/77 | €1,836 | €5,554 | +€3,718 | +203% |
| Profit (loss) for the period | 9904 | €4,656 | €14,520 | +€9,864 | +212% |
| Profit (loss) for the period to be appropriated | 9905 | €4,656 | €14,520 | +€9,864 | +212% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.