VISARA: 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.
VISARA
Largest movements
- Current investments +€265,000
new in 2025: €265,000
- Cash +€31,479
up €31,479 (+7.6%), from €413,612 to €445,091
mainly Net result for the year (+€285,288) and Tax, wage and social debts (+€33,098)
- Receivables within one year +€22,766
new in 2025: €22,766
- Reserves +€285,288
up €285,288 (+91.7%), from €311,004 to €596,292
- Tax, wage and social debts +€33,098
up €33,098 (+33.5%), from €98,692 to €131,790
- Gross operating margin -€46,713
down €46,713 (-11.4%), from €409,938 to €363,225
- Taxes -€11,069
down €11,069 (-11.3%), from €97,739 to €86,670
- Financial income +€8,903
up €8,903 (+3561112.0%), from €0 to €8,903
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 | €415,543 | €735,254 | +€319,711 | +76.9% |
| Current assets | 29/58 | €415,543 | €735,254 | +€319,711 | +76.9% |
| Amounts receivable within one year | 40/41 | - | €22,766 | +€22,766 | |
| Other amounts receivable | 41 | - | €22,766 | +€22,766 | |
| Current investments | 50/53 | - | €265,000 | +€265,000 | |
| Cash at bank and in hand | 54/58 | €413,612 | €445,091 | +€31,479 | +7.6% |
| Deferred charges and accrued income | 490/1 | €1,930 | €2,396 | +€466 | +24.1% |
| Total equity and liabilities | 10/49 | €415,543 | €735,254 | +€319,711 | +76.9% |
| Equity | 10/15 | €314,004 | €599,292 | +€285,288 | +90.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €311,004 | €596,292 | +€285,288 | +91.7% |
| Distributable reserves | 133 | €311,004 | €596,292 | +€285,288 | +91.7% |
| Amounts payable | 17/49 | €101,539 | €135,961 | +€34,423 | +33.9% |
| Amounts payable within one year | 42/48 | €101,539 | €135,961 | +€34,423 | +33.9% |
| Trade debts | 44 | €2,435 | €4,171 | +€1,736 | +71.3% |
| Suppliers | 440/4 | €2,435 | €4,171 | +€1,736 | +71.3% |
| Taxes, remuneration and social security | 45 | €98,692 | €131,790 | +€33,098 | +33.5% |
| Taxes | 450/3 | €98,692 | €131,790 | +€33,098 | +33.5% |
| Other amounts payable | 47/48 | €412 | €0 | -€412 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | €0 | -€1,053 | -100.0% |
| Gross operating margin | 9900 | €409,938 | €363,225 | -€46,713 | -11.4% |
| Operating profit (loss) | 9901 | €408,885 | €363,225 | -€45,660 | -11.2% |
| Financial income | 75/76B | €0 | €8,903 | +€8,903 | +3561112.0% |
| Recurring financial income | 75 | €0 | €8,903 | +€8,903 | +3561112.0% |
| Financial charges | 65/66B | €142 | €170 | +€28 | +19.4% |
| Recurring financial charges | 65 | €142 | €170 | +€28 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €408,743 | €371,958 | -€36,785 | -9.0% |
| Income taxes | 67/77 | €97,739 | €86,670 | -€11,069 | -11.3% |
| Profit (loss) for the period | 9904 | €311,004 | €285,288 | -€25,715 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €311,004 | €285,288 | -€25,715 | -8.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.