VISAVERSA: 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.
VISAVERSA
Largest movements
- Receivables within one year -€21,884
down €21,884 (-37.5%), from €58,338 to €36,454
of which Trade receivables: -€24,545
- Cash -€21,052
down €21,052 (-35.2%), from €59,888 to €38,836
mainly Short-term financial debts (-€100,000) and Net result for the year (-€10,180)
- Tangible fixed assets -€6,045
down €6,045 (-19.1%), from €31,661 to €25,615
of which Furniture and vehicles: -€3,097
- Stocks and contracts +€3,501
up €3,501 (+5.5%), from €64,050 to €67,551
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Debts after one year +€57,867
new in 2025: €57,867
- Current portion of long-term debt +€13,786
new in 2025: €13,786
- Profit (loss) carried forward -€10,180
down €10,180 (-8.5%), from -€119,553 to -€129,734
- Staff costs -€51,073
down €51,073 (-55.0%), from €92,903 to €41,830
- Gross operating margin -€11,884
down €11,884 (-19.8%), from €60,139 to €48,255
- Depreciation -€4,669
down €4,669 (-43.6%), from €10,715 to €6,045
- Financial income +€4,421
up €4,421 (+377.7%), from €1,171 to €5,592
- Financial charges +€2,782
up €2,782 (+29.3%), from €9,481 to €12,262
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 | €322,797 | €277,736 | -€45,061 | -14.0% |
| Fixed assets | 21/28 | €138,925 | €132,880 | -€6,045 | -4.4% |
| Tangible fixed assets | 22/27 | €31,661 | €25,615 | -€6,045 | -19.1% |
| Land and buildings | 22 | €20,075 | €17,127 | -€2,948 | -14.7% |
| Furniture and vehicles | 24 | €11,585 | €8,488 | -€3,097 | -26.7% |
| Financial fixed assets | 28 | €107,265 | €107,265 | = | 0.0% |
| Current assets | 29/58 | €183,872 | €144,857 | -€39,015 | -21.2% |
| Stocks and contracts in progress | 3 | €64,050 | €67,551 | +€3,501 | +5.5% |
| Stocks | 30/36 | €64,050 | €67,551 | +€3,501 | +5.5% |
| Amounts receivable within one year | 40/41 | €58,338 | €36,454 | -€21,884 | -37.5% |
| Trade receivables | 40 | €37,913 | €13,368 | -€24,545 | -64.7% |
| Other amounts receivable | 41 | €20,425 | €23,086 | +€2,661 | +13.0% |
| Cash at bank and in hand | 54/58 | €59,888 | €38,836 | -€21,052 | -35.2% |
| Deferred charges and accrued income | 490/1 | €1,596 | €2,016 | +€420 | +26.3% |
| Total equity and liabilities | 10/49 | €322,797 | €277,736 | -€45,061 | -14.0% |
| Equity | 10/15 | €205,037 | €194,857 | -€10,180 | -5.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €304,130 | €304,130 | = | 0.0% |
| Distributable reserves | 133 | €304,130 | €304,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,553 | -€129,734 | -€10,180 | -8.5% |
| Amounts payable | 17/49 | €117,761 | €82,880 | -€34,881 | -29.6% |
| Amounts payable after more than one year | 17 | - | €57,867 | +€57,867 | |
| Financial debts | 170/4 | - | €57,867 | +€57,867 | |
| Amounts payable within one year | 42/48 | €117,761 | €25,013 | -€92,748 | -78.8% |
| Current portion of amounts payable after more than one year | 42 | - | €13,786 | +€13,786 | |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €4,398 | €1,285 | -€3,113 | -70.8% |
| Suppliers | 440/4 | €4,398 | €1,285 | -€3,113 | -70.8% |
| Taxes, remuneration and social security | 45 | €11,351 | €9,942 | -€1,409 | -12.4% |
| Taxes | 450/3 | €2,171 | €2,029 | -€142 | -6.5% |
| Remuneration and social security | 454/9 | €9,180 | €7,912 | -€1,268 | -13.8% |
| Other amounts payable | 47/48 | €2,012 | - | -€2,012 | |
| Non-recurring operating income | 76A | €13,575 | - | -€13,575 | |
| Remuneration, social security and pensions | 62 | €92,903 | €41,830 | -€51,073 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,715 | €6,045 | -€4,669 | -43.6% |
| Other operating charges | 640/8 | €3,909 | €3,174 | -€735 | -18.8% |
| Gross operating margin | 9900 | €60,139 | €48,255 | -€11,884 | -19.8% |
| Operating profit (loss) | 9901 | -€47,387 | -€2,794 | +€44,593 | +94.1% |
| Financial income | 75/76B | €1,171 | €5,592 | +€4,421 | +377.7% |
| Recurring financial income | 75 | €1,171 | €5,592 | +€4,421 | +377.7% |
| Financial charges | 65/66B | €9,481 | €12,262 | +€2,782 | +29.3% |
| Recurring financial charges | 65 | €9,481 | €12,262 | +€2,782 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | -€55,697 | -€9,465 | +€46,233 | +83.0% |
| Income taxes | 67/77 | €794 | €716 | -€78 | -9.9% |
| Profit (loss) for the period | 9904 | -€56,491 | -€10,180 | +€46,311 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,491 | -€10,180 | +€46,311 | +82.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.