Visan Bors Creatives: what changed
Visan Bors Creatives
Largest movements
- Cash +€4,582
up €4,582 (+29.1%), from €15,760 to €20,342
mainly Other debts (+€9,475) and Net result for the year (+€1,557)
- Receivables within one year +€3,690
up €3,690 (+17.7%), from €20,880 to €24,570
- Tangible fixed assets -€973
down €973 (-65.2%), from €1,493 to €520
- Other debts +€9,475
up €9,475 (+84.5%), from €11,212 to €20,687
- Tax, wage and social debts -€2,830
down €2,830 (-30.8%), from €9,192 to €6,362
- Reserves +€1,557
up €1,557 (+9.3%), from €16,767 to €18,324
- Trade debts -€836
down €836 (-49.2%), from €1,700 to €864
- Gross operating margin +€2,972
up €2,972 (+112%), from €2,649 to €5,621
- Taxes +€671
up €671 (+194%), from €346 to €1,017
- Other operating charges +€634
up €634 (+60.2%), from €1,053 to €1,686
- Financial charges +€114
up €114 (+41.8%), from €273 to €388
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,876 | €46,242 | +€7,366 | +18.9% |
| Fixed assets | 21/28 | €1,493 | €520 | -€973 | -65.2% |
| Tangible fixed assets | 22/27 | €1,493 | €520 | -€973 | -65.2% |
| Plant, machinery and equipment | 23 | €1,493 | €520 | -€973 | -65.2% |
| Current assets | 29/58 | €37,383 | €45,722 | +€8,340 | +22.3% |
| Amounts receivable within one year | 40/41 | €20,880 | €24,570 | +€3,690 | +17.7% |
| Trade receivables | 40 | €20,880 | €24,570 | +€3,690 | +17.7% |
| Cash at bank and in hand | 54/58 | €15,760 | €20,342 | +€4,582 | +29.1% |
| Deferred charges and accrued income | 490/1 | €743 | €810 | +€67 | +9.1% |
| Total equity and liabilities | 10/49 | €38,876 | €46,242 | +€7,366 | +18.9% |
| Equity | 10/15 | €16,772 | €18,329 | +€1,557 | +9.3% |
| Reserves | 13 | €16,767 | €18,324 | +€1,557 | +9.3% |
| Distributable reserves | 133 | €16,767 | €18,324 | +€1,557 | +9.3% |
| Profit (loss) carried forward | 14 | €5 | €5 | = | 0.0% |
| Amounts payable | 17/49 | €22,104 | €27,914 | +€5,809 | +26.3% |
| Amounts payable within one year | 42/48 | €22,104 | €27,914 | +€5,809 | +26.3% |
| Trade debts | 44 | €1,700 | €864 | -€836 | -49.2% |
| Suppliers | 440/4 | €1,700 | €864 | -€836 | -49.2% |
| Taxes, remuneration and social security | 45 | €9,192 | €6,362 | -€2,830 | -30.8% |
| Taxes | 450/3 | €9,192 | €6,362 | -€2,830 | -30.8% |
| Other amounts payable | 47/48 | €11,212 | €20,687 | +€9,475 | +84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €973 | €973 | = | 0.0% |
| Other operating charges | 640/8 | €1,053 | €1,686 | +€634 | +60.2% |
| Gross operating margin | 9900 | €2,649 | €5,621 | +€2,972 | +112% |
| Operating profit (loss) | 9901 | €623 | €2,962 | +€2,339 | +375% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €273 | €388 | +€114 | +41.8% |
| Recurring financial charges | 65 | €273 | €388 | +€114 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €350 | €2,574 | +€2,223 | +635% |
| Income taxes | 67/77 | €346 | €1,017 | +€671 | +194% |
| Profit (loss) for the period | 9904 | €5 | €1,557 | +€1,552 | +32,886% |
| Profit (loss) for the period to be appropriated | 9905 | €5 | €1,557 | +€1,552 | +32,886% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.