VISENTIN A.: 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.
VISENTIN A.
Largest movements
- Receivables within one year -€95,591
down €95,591 (-43.7%), from €218,789 to €123,198
of which Trade receivables: -€94,445
- Cash +€36,093
up €36,093 (+33.2%), from €108,848 to €144,941
mainly Receivables within one year (+€95,591) and Net result for the year (+€44,172)
- Deferred charges and accrued income -€6,767
no longer reported in 2025 (was €6,767)
- Tangible fixed assets +€6,527
up €6,527 (+2202.2%), from €296 to €6,823
- Trade debts -€78,264
down €78,264 (-36.7%), from €213,051 to €134,787
- Accrued charges and deferred income +€30,271
new in 2025: €30,271
- Other debts -€7,056
down €7,056 (-29.2%), from €24,160 to €17,104
- Tax, wage and social debts -€4,861
down €4,861 (-51.6%), from €9,417 to €4,556
- Gross operating margin -€5,605
down €5,605 (-8.3%), from €67,162 to €61,557
- Taxes -€2,150
down €2,150 (-12.6%), from €17,059 to €14,909
- Depreciation +€1,648
up €1,648 (+558.0%), from €295 to €1,943
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 | €334,701 | €274,963 | -€59,738 | -17.8% |
| Fixed assets | 21/28 | €296 | €6,823 | +€6,527 | +2202.2% |
| Tangible fixed assets | 22/27 | €296 | €6,823 | +€6,527 | +2202.2% |
| Furniture and vehicles | 24 | €296 | €6,823 | +€6,527 | +2202.2% |
| Current assets | 29/58 | €334,404 | €268,139 | -€66,265 | -19.8% |
| Amounts receivable within one year | 40/41 | €218,789 | €123,198 | -€95,591 | -43.7% |
| Trade receivables | 40 | €197,110 | €102,666 | -€94,445 | -47.9% |
| Other amounts receivable | 41 | €21,679 | €20,533 | -€1,146 | -5.3% |
| Cash at bank and in hand | 54/58 | €108,848 | €144,941 | +€36,093 | +33.2% |
| Deferred charges and accrued income | 490/1 | €6,767 | - | -€6,767 | |
| Total equity and liabilities | 10/49 | €334,701 | €274,963 | -€59,738 | -17.8% |
| Equity | 10/15 | €88,072 | €88,245 | +€172 | +0.2% |
| Contributions | 10/11 | €79,326 | €79,326 | = | 0.0% |
| Capital | 10 | €79,326 | €79,326 | = | 0.0% |
| Issued capital | 100 | €79,326 | €79,326 | = | 0.0% |
| Reserves | 13 | €8,722 | €8,722 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,722 | €8,722 | = | 0.0% |
| Legal reserve | 130 | €7,933 | €7,933 | = | 0.0% |
| Other | 1319 | €789 | €789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25 | €197 | +€172 | +699.8% |
| Amounts payable | 17/49 | €246,628 | €186,718 | -€59,911 | -24.3% |
| Amounts payable within one year | 42/48 | €246,628 | €156,447 | -€90,181 | -36.6% |
| Trade debts | 44 | €213,051 | €134,787 | -€78,264 | -36.7% |
| Suppliers | 440/4 | €213,051 | €134,787 | -€78,264 | -36.7% |
| Taxes, remuneration and social security | 45 | €9,417 | €4,556 | -€4,861 | -51.6% |
| Taxes | 450/3 | €9,417 | €4,556 | -€4,861 | -51.6% |
| Other amounts payable | 47/48 | €24,160 | €17,104 | -€7,056 | -29.2% |
| Accrued charges and deferred income | 492/3 | - | €30,271 | +€30,271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €1,943 | +€1,648 | +558.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €67,162 | €61,557 | -€5,605 | -8.3% |
| Operating profit (loss) | 9901 | €66,480 | €59,214 | -€7,265 | -10.9% |
| Financial income | 75/76B | €645 | €311 | -€334 | -51.9% |
| Recurring financial income | 75 | €645 | €311 | -€334 | -51.9% |
| Financial charges | 65/66B | €408 | €444 | +€36 | +8.8% |
| Recurring financial charges | 65 | €408 | €444 | +€36 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €66,717 | €59,081 | -€7,636 | -11.4% |
| Income taxes | 67/77 | €17,059 | €14,909 | -€2,150 | -12.6% |
| Profit (loss) for the period | 9904 | €49,658 | €44,172 | -€5,486 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,658 | €44,172 | -€5,486 | -11.0% |
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 2 October 2026 via checked.be.