VISEO: 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.
VISEO
Largest movements
- Cash -€6,276
down €6,276 (-5.3%), from €118,661 to €112,385
mainly Net result for the year (-€9,416) and Deferred charges and accrued income (-€819)
- Tangible fixed assets -€1,881
down €1,881 (-38.9%), from €4,841 to €2,960
of which Furniture and vehicles: -€1,254
- Profit (loss) carried forward -€9,416
down €9,416 (-714.1%), from -€1,319 to -€10,734
- Other debts +€1,435
up €1,435 (+308.0%), from €466 to €1,901
- Taxes -€4,942
down €4,942 (-94.9%), from €5,205 to €263
- Gross operating margin -€3,084
down €3,084 (-85.6%), from -€3,601 to -€6,685
- Other operating charges -€554
down €554 (-58.9%), from €942 to €387
- Financial income +€513
up €513 (+269.6%), from €190 to €704
- Financial charges -€75
down €75 (-7.7%), from €978 to €903
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 | €126,757 | €119,070 | -€7,688 | -6.1% |
| Fixed assets | 21/28 | €4,891 | €3,010 | -€1,881 | -38.5% |
| Tangible fixed assets | 22/27 | €4,841 | €2,960 | -€1,881 | -38.9% |
| Plant, machinery and equipment | 23 | €2,110 | €1,483 | -€627 | -29.7% |
| Furniture and vehicles | 24 | €2,731 | €1,477 | -€1,254 | -45.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €121,866 | €116,059 | -€5,807 | -4.8% |
| Amounts receivable within one year | 40/41 | €2,227 | €1,877 | -€350 | -15.7% |
| Trade receivables | 40 | €984 | - | -€984 | |
| Other amounts receivable | 41 | €1,242 | €1,877 | +€635 | +51.1% |
| Cash at bank and in hand | 54/58 | €118,661 | €112,385 | -€6,276 | -5.3% |
| Deferred charges and accrued income | 490/1 | €978 | €1,797 | +€819 | +83.8% |
| Total equity and liabilities | 10/49 | €126,757 | €119,070 | -€7,688 | -6.1% |
| Equity | 10/15 | €104,192 | €94,776 | -€9,416 | -9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,910 | €86,910 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,050 | €85,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,319 | -€10,734 | -€9,416 | -714.1% |
| Amounts payable | 17/49 | €22,565 | €24,293 | +€1,728 | +7.7% |
| Amounts payable after more than one year | 17 | €15,100 | €15,100 | = | 0.0% |
| Financial debts | 170/4 | €15,100 | €15,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,745 | €2,718 | +€973 | +55.8% |
| Trade debts | 44 | €1,072 | €673 | -€399 | -37.2% |
| Suppliers | 440/4 | €1,072 | €673 | -€399 | -37.2% |
| Taxes, remuneration and social security | 45 | €207 | €144 | -€63 | -30.6% |
| Taxes | 450/3 | €207 | €144 | -€63 | -30.6% |
| Other amounts payable | 47/48 | €466 | €1,901 | +€1,435 | +308.0% |
| Accrued charges and deferred income | 492/3 | €5,721 | €6,476 | +€755 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,881 | €1,881 | = | 0.0% |
| Other operating charges | 640/8 | €942 | €387 | -€554 | -58.9% |
| Gross operating margin | 9900 | -€3,601 | -€6,685 | -€3,084 | -85.6% |
| Operating profit (loss) | 9901 | -€6,424 | -€8,953 | -€2,529 | -39.4% |
| Financial income | 75/76B | €190 | €704 | +€513 | +269.6% |
| Recurring financial income | 75 | €190 | €704 | +€513 | +269.6% |
| Financial charges | 65/66B | €978 | €903 | -€75 | -7.7% |
| Recurring financial charges | 65 | €978 | €903 | -€75 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,211 | -€9,152 | -€1,941 | -26.9% |
| Income taxes | 67/77 | €5,205 | €263 | -€4,942 | -94.9% |
| Profit (loss) for the period | 9904 | -€12,417 | -€9,416 | +€3,001 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,417 | -€9,416 | +€3,001 | +24.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.