VISENTINA: 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.
VISENTINA
Largest movements
- Intangible fixed assets -€8,084
down €8,084 (-11.6%), from €69,973 to €61,889
- Tangible fixed assets -€4,028
down €4,028 (-14.3%), from €28,245 to €24,218
of which Plant, machinery and equipment: -€4,809
- Profit (loss) carried forward +€23,502
up €23,502 (+135.7%), from €17,321 to €40,823
- Debts after one year -€21,757
down €21,757 (-28.3%), from €77,013 to €55,256
- Other debts -€21,379
down €21,379 (-75.4%), from €28,359 to €6,980
- Trade debts +€4,808
up €4,808 (+135.2%), from €3,557 to €8,365
- Tax, wage and social debts +€4,033
up €4,033 (+143.8%), from €2,806 to €6,839
of which Taxes: +€4,033
- Gross operating margin +€21,492
up €21,492 (+56.8%), from €37,826 to €59,318
- Taxes +€4,234
up €4,234 (+122.4%), from €3,460 to €7,694
- Depreciation +€2,248
up €2,248 (+10.5%), from €21,319 to €23,567
- Financial charges -€771
down €771 (-18.7%), from €4,125 to €3,353
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 | €155,744 | €145,020 | -€10,724 | -6.9% |
| Fixed assets | 21/28 | €98,218 | €86,106 | -€12,111 | -12.3% |
| Intangible fixed assets | 21 | €69,973 | €61,889 | -€8,084 | -11.6% |
| Tangible fixed assets | 22/27 | €28,245 | €24,218 | -€4,028 | -14.3% |
| Plant, machinery and equipment | 23 | €21,681 | €16,872 | -€4,809 | -22.2% |
| Furniture and vehicles | 24 | €2,859 | €4,163 | +€1,304 | +45.6% |
| Other tangible fixed assets | 26 | €3,705 | €3,182 | -€523 | -14.1% |
| Current assets | 29/58 | €57,526 | €58,914 | +€1,387 | +2.4% |
| Amounts receivable within one year | 40/41 | €18,235 | €18,662 | +€427 | +2.3% |
| Trade receivables | 40 | €17,757 | €18,662 | +€906 | +5.1% |
| Other amounts receivable | 41 | €478 | - | -€478 | |
| Cash at bank and in hand | 54/58 | €37,120 | €37,951 | +€831 | +2.2% |
| Deferred charges and accrued income | 490/1 | €2,171 | €2,300 | +€129 | +5.9% |
| Total equity and liabilities | 10/49 | €155,744 | €145,020 | -€10,724 | -6.9% |
| Equity | 10/15 | €22,321 | €45,823 | +€23,502 | +105.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,321 | €40,823 | +€23,502 | +135.7% |
| Amounts payable | 17/49 | €133,423 | €99,198 | -€34,226 | -25.7% |
| Amounts payable after more than one year | 17 | €77,013 | €55,256 | -€21,757 | -28.3% |
| Financial debts | 170/4 | €77,013 | €55,256 | -€21,757 | -28.3% |
| Amounts payable within one year | 42/48 | €56,410 | €43,942 | -€12,469 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | €21,136 | €21,757 | +€621 | +2.9% |
| Trade debts | 44 | €3,557 | €8,365 | +€4,808 | +135.2% |
| Suppliers | 440/4 | €3,557 | €8,365 | +€4,808 | +135.2% |
| Advances received on contracts in progress | 46 | €553 | - | -€553 | |
| Taxes, remuneration and social security | 45 | €2,806 | €6,839 | +€4,033 | +143.8% |
| Taxes | 450/3 | €2,326 | €6,359 | +€4,033 | +173.4% |
| Remuneration and social security | 454/9 | €480 | €480 | = | 0.0% |
| Other amounts payable | 47/48 | €28,359 | €6,980 | -€21,379 | -75.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,319 | €23,567 | +€2,248 | +10.5% |
| Other operating charges | 640/8 | €1,078 | €1,246 | +€168 | +15.6% |
| Non-recurring operating charges | 66A | €1,172 | - | -€1,172 | |
| Gross operating margin | 9900 | €37,826 | €59,318 | +€21,492 | +56.8% |
| Operating profit (loss) | 9901 | €14,257 | €34,505 | +€20,248 | +142.0% |
| Financial income | 75/76B | €27 | €44 | +€17 | +63.0% |
| Recurring financial income | 75 | €27 | €44 | +€17 | +63.0% |
| Financial charges | 65/66B | €4,125 | €3,353 | -€771 | -18.7% |
| Recurring financial charges | 65 | €4,125 | €3,353 | -€771 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €10,159 | €31,196 | +€21,037 | +207.1% |
| Income taxes | 67/77 | €3,460 | €7,694 | +€4,234 | +122.4% |
| Profit (loss) for the period | 9904 | €6,699 | €23,502 | +€16,803 | +250.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,699 | €23,502 | +€16,803 | +250.8% |
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 11 October 2026 via checked.be.