VISE MAGAZINE: what changed
VISE MAGAZINE
Largest movements
- Receivables within one year +€13,016
up €13,016 (+58.9%), from €22,095 to €35,111
of which Trade receivables: +€12,851
- Cash -€3,659
down €3,659 (-16.4%), from €22,285 to €18,626
mainly Other debts (-€48,500) and Receivables within one year (-€13,016)
- Trade debts +€51,642
up €51,642 (+291%), from €17,726 to €69,367
- Other debts -€48,500
down €48,500 (-57.9%), from €83,800 to €35,300
- Accrued charges and deferred income +€5,338
up €5,338 (+185%), from €2,887 to €8,225
- Profit (loss) carried forward +€582
up €582 (+0.4%), from -€129,837 to -€129,256
- Gross operating margin +€759
up €759 (+7.5%), from €10,088 to €10,847
- Other operating charges +€705
up €705 (+7.7%), from €9,214 to €9,919
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 | €44,553 | €53,897 | +€9,343 | +21.0% |
| Current assets | 29/58 | €44,553 | €53,897 | +€9,343 | +21.0% |
| Amounts receivable within one year | 40/41 | €22,095 | €35,111 | +€13,016 | +58.9% |
| Trade receivables | 40 | €22,049 | €34,900 | +€12,851 | +58.3% |
| Other amounts receivable | 41 | €47 | €212 | +€165 | +354% |
| Cash at bank and in hand | 54/58 | €22,285 | €18,626 | -€3,659 | -16.4% |
| Deferred charges and accrued income | 490/1 | €174 | €160 | -€13 | -7.7% |
| Total equity and liabilities | 10/49 | €44,553 | €53,897 | +€9,343 | +21.0% |
| Equity | 10/15 | -€61,637 | -€61,056 | +€582 | +0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,837 | -€129,256 | +€582 | +0.4% |
| Amounts payable | 17/49 | €106,191 | €114,952 | +€8,761 | +8.3% |
| Amounts payable within one year | 42/48 | €103,304 | €106,727 | +€3,423 | +3.3% |
| Trade debts | 44 | €17,726 | €69,367 | +€51,642 | +291% |
| Suppliers | 440/4 | €17,726 | €69,367 | +€51,642 | +291% |
| Taxes, remuneration and social security | 45 | €1,778 | €2,060 | +€282 | +15.9% |
| Taxes | 450/3 | €1,778 | €2,060 | +€282 | +15.9% |
| Other amounts payable | 47/48 | €83,800 | €35,300 | -€48,500 | -57.9% |
| Accrued charges and deferred income | 492/3 | €2,887 | €8,225 | +€5,338 | +185% |
| Non-recurring operating income | 76A | €38,284 | €41,162 | +€2,878 | +7.5% |
| Other operating charges | 640/8 | €9,214 | €9,919 | +€705 | +7.7% |
| Gross operating margin | 9900 | €10,088 | €10,847 | +€759 | +7.5% |
| Operating profit (loss) | 9901 | €874 | €928 | +€54 | +6.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €332 | €346 | +€14 | +4.4% |
| Recurring financial charges | 65 | €332 | €346 | +€14 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €543 | €582 | +€39 | +7.2% |
| Profit (loss) for the period | 9904 | €543 | €582 | +€39 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €543 | €582 | +€39 | +7.2% |
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 7 November 2026 via checked.be.