VISATLANTIC: 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.
VISATLANTIC
Largest movements
- Receivables within one year +€123,325
up €123,325 (+806%), from €15,296 to €138,621
of which Trade receivables: +€124,031
- Stocks and contracts +€7,500
up €7,500 (+132%), from €5,694 to €13,194
- Cash -€3,642
down €3,642 (-35.6%), from €10,221 to €6,579
mainly Receivables within one year (-€123,325) and Stocks and contracts (-€7,500)
- Trade debts +€53,041
up €53,041 (+2,070%), from €2,562 to €55,602
- Profit (loss) carried forward +€46,076
up €46,076 (+44.5%), from -€103,500 to -€57,424
- Other debts +€14,300
up €14,300 (+12.2%), from €117,287 to €131,587
- Tax, wage and social debts +€12,434
up €12,434 (+97.5%), from €12,757 to €25,190
of which Taxes: +€14,602
- Staff costs -€53,866
no longer reported in 2025 (was €53,866)
- Gross operating margin -€39,201
down €39,201 (-37.6%), from €104,171 to €64,969
- Purchases and services +€38,578
up €38,578 (+26.5%), from €145,541 to €184,119
- Taxes +€12,890
new in 2025: €12,890
- Other operating charges +€2,699
up €2,699 (+340%), from €793 to €3,492
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 | €47,948 | €173,798 | +€125,850 | +262% |
| Fixed assets | 21/28 | €16,736 | €15,403 | -€1,333 | -8.0% |
| Tangible fixed assets | 22/27 | €12,619 | €11,285 | -€1,333 | -10.6% |
| Plant, machinery and equipment | 23 | €3,542 | €3,343 | -€199 | -5.6% |
| Other tangible fixed assets | 26 | €9,077 | €7,942 | -€1,135 | -12.5% |
| Financial fixed assets | 28 | €4,118 | €4,118 | = | 0.0% |
| Current assets | 29/58 | €31,211 | €158,394 | +€127,183 | +407% |
| Stocks and contracts in progress | 3 | €5,694 | €13,194 | +€7,500 | +132% |
| Stocks | 30/36 | €5,694 | €13,194 | +€7,500 | +132% |
| Amounts receivable within one year | 40/41 | €15,296 | €138,621 | +€123,325 | +806% |
| Trade receivables | 40 | €11,429 | €135,459 | +€124,031 | +1,085% |
| Other amounts receivable | 41 | €3,868 | €3,162 | -€706 | -18.3% |
| Cash at bank and in hand | 54/58 | €10,221 | €6,579 | -€3,642 | -35.6% |
| Total equity and liabilities | 10/49 | €47,948 | €173,798 | +€125,850 | +262% |
| Equity | 10/15 | -€84,658 | -€38,582 | +€46,076 | +54.4% |
| Contributions | 10/11 | €17,200 | €17,200 | = | 0.0% |
| Reserves | 13 | €1,642 | €1,642 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,642 | €1,642 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,642 | €1,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,500 | -€57,424 | +€46,076 | +44.5% |
| Amounts payable | 17/49 | €132,605 | €212,380 | +€79,774 | +60.2% |
| Amounts payable within one year | 42/48 | €132,605 | €212,380 | +€79,774 | +60.2% |
| Trade debts | 44 | €2,562 | €55,602 | +€53,041 | +2,070% |
| Suppliers | 440/4 | €2,562 | €55,602 | +€53,041 | +2,070% |
| Taxes, remuneration and social security | 45 | €12,757 | €25,190 | +€12,434 | +97.5% |
| Taxes | 450/3 | €7,953 | €22,554 | +€14,602 | +184% |
| Remuneration and social security | 454/9 | €4,804 | €2,636 | -€2,168 | -45.1% |
| Other amounts payable | 47/48 | €117,287 | €131,587 | +€14,300 | +12.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €145,541 | €184,119 | +€38,578 | +26.5% |
| Remuneration, social security and pensions | 62 | €53,866 | - | -€53,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,315 | €2,433 | +€118 | +5.1% |
| Other operating charges | 640/8 | €793 | €3,492 | +€2,699 | +340% |
| Gross operating margin | 9900 | €104,171 | €64,969 | -€39,201 | -37.6% |
| Operating profit (loss) | 9901 | €47,196 | €59,044 | +€11,848 | +25.1% |
| Financial income | 75/76B | €143 | - | -€143 | |
| Recurring financial income | 75 | €143 | - | -€143 | |
| Financial charges | 65/66B | €35 | €79 | +€43 | +123% |
| Recurring financial charges | 65 | €35 | €79 | +€43 | +123% |
| Profit (loss) for the period before taxes | 9903 | €47,304 | €58,966 | +€11,662 | +24.7% |
| Income taxes | 67/77 | - | €12,890 | +€12,890 | |
| Profit (loss) for the period | 9904 | €47,304 | €46,076 | -€1,228 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,304 | €46,076 | -€1,228 | -2.6% |
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 20 October 2026 via checked.be.