VISDOM: 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.
VISDOM
Largest movements
- Cash -€52,408
down €52,408 (-66.7%), from €78,598 to €26,191
mainly Contributions, distributions and other (-€136,243) and Receivables within one year (-€12,933)
- Receivables within one year +€12,933
up €12,933 (+71.5%), from €18,090 to €31,023
of which Trade receivables: +€12,626
- Profit (loss) carried forward -€87,813
no longer reported in 2025 (was €87,813)
- Other debts +€48,471
up €48,471 (+46384.0%), from €105 to €48,576
- Gross operating margin +€8,927
up €8,927 (+17.1%), from €52,252 to €61,178
- Taxes +€1,946
up €1,946 (+18.7%), from €10,392 to €12,338
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 | €98,145 | €58,265 | -€39,880 | -40.6% |
| Fixed assets | 21/28 | €941 | €441 | -€500 | -53.1% |
| Intangible fixed assets | 21 | €941 | €441 | -€500 | -53.1% |
| Current assets | 29/58 | €97,204 | €57,824 | -€39,380 | -40.5% |
| Amounts receivable within one year | 40/41 | €18,090 | €31,023 | +€12,933 | +71.5% |
| Trade receivables | 40 | €18,090 | €30,715 | +€12,626 | +69.8% |
| Other amounts receivable | 41 | - | €308 | +€308 | |
| Cash at bank and in hand | 54/58 | €78,598 | €26,191 | -€52,408 | -66.7% |
| Deferred charges and accrued income | 490/1 | €516 | €611 | +€95 | +18.3% |
| Total equity and liabilities | 10/49 | €98,145 | €58,265 | -€39,880 | -40.6% |
| Equity | 10/15 | €90,313 | €2,500 | -€87,813 | -97.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,813 | - | -€87,813 | |
| Amounts payable | 17/49 | €7,832 | €55,765 | +€47,933 | +612.0% |
| Amounts payable within one year | 42/48 | €7,832 | €55,765 | +€47,933 | +612.0% |
| Trade debts | 44 | €59 | - | -€59 | |
| Suppliers | 440/4 | €59 | - | -€59 | |
| Taxes, remuneration and social security | 45 | €7,669 | €7,190 | -€480 | -6.3% |
| Taxes | 450/3 | €7,669 | €5,930 | -€1,739 | -22.7% |
| Remuneration and social security | 454/9 | - | €1,259 | +€1,259 | |
| Other amounts payable | 47/48 | €105 | €48,576 | +€48,471 | +46384.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548 | €500 | -€48 | -8.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €52,252 | €61,178 | +€8,927 | +17.1% |
| Operating profit (loss) | 9901 | €51,704 | €60,279 | +€8,575 | +16.6% |
| Financial income | 75/76B | €84 | €545 | +€461 | +548.8% |
| Recurring financial income | 75 | €84 | €545 | +€461 | +548.8% |
| Financial charges | 65/66B | €113 | €55 | -€57 | -50.8% |
| Recurring financial charges | 65 | €113 | €55 | -€57 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €51,675 | €60,768 | +€9,093 | +17.6% |
| Income taxes | 67/77 | €10,392 | €12,338 | +€1,946 | +18.7% |
| Profit (loss) for the period | 9904 | €41,283 | €48,430 | +€7,147 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,283 | €48,430 | +€7,147 | +17.3% |
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 4 October 2026 via checked.be.