VISET: 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.
VISET
Largest movements
- Cash +€179,055
up €179,055 (+1625.9%), from €11,013 to €190,067
mainly Debts after one year (+€250,000) and Tax, wage and social debts (+€7,866)
- Receivables within one year +€11,816
up €11,816 (+207.9%), from €5,684 to €17,500
of which Trade receivables: +€8,085
- Stocks and contracts +€6,950
up €6,950 (+45.3%), from €15,327 to €22,277
- Intangible fixed assets +€4,774
up €4,774 (+34.7%), from €13,756 to €18,530
- Debts after one year +€250,000
new in 2025: €250,000
- Profit (loss) carried forward -€59,533
down €59,533 (-81.2%), from -€73,300 to -€132,833
- Tax, wage and social debts +€7,866
up €7,866 (+464.5%), from €1,693 to €9,559
of which Taxes: +€4,866
- Trade debts +€6,236
up €6,236 (+48.0%), from €13,006 to €19,242
- Financial income +€1,721
up €1,721 (+3594.3%), from €48 to €1,769
- Depreciation +€1,627
up €1,627 (+35.0%), from €4,655 to €6,282
- Gross operating margin -€1,531
down €1,531 (-3.0%), from -€50,749 to -€52,280
- Financial charges +€1,230
up €1,230 (+101.8%), from €1,208 to €2,438
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 | €46,641 | €251,500 | +€204,858 | +439.2% |
| Fixed assets | 21/28 | €14,618 | €21,656 | +€7,037 | +48.1% |
| Intangible fixed assets | 21 | €13,756 | €18,530 | +€4,774 | +34.7% |
| Tangible fixed assets | 22/27 | €862 | €3,126 | +€2,264 | +262.5% |
| Furniture and vehicles | 24 | €862 | €3,126 | +€2,264 | +262.5% |
| Current assets | 29/58 | €32,023 | €229,844 | +€197,821 | +617.7% |
| Stocks and contracts in progress | 3 | €15,327 | €22,277 | +€6,950 | +45.3% |
| Stocks | 30/36 | €15,327 | €22,277 | +€6,950 | +45.3% |
| Amounts receivable within one year | 40/41 | €5,684 | €17,500 | +€11,816 | +207.9% |
| Trade receivables | 40 | €5,684 | €13,769 | +€8,085 | +142.2% |
| Other amounts receivable | 41 | €0 | €3,731 | +€3,731 | |
| Cash at bank and in hand | 54/58 | €11,013 | €190,067 | +€179,055 | +1625.9% |
| Total equity and liabilities | 10/49 | €46,641 | €251,500 | +€204,858 | +439.2% |
| Equity | 10/15 | -€68,300 | -€127,833 | -€59,533 | -87.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,300 | -€132,833 | -€59,533 | -81.2% |
| Amounts payable | 17/49 | €114,941 | €379,333 | +€264,392 | +230.0% |
| Amounts payable after more than one year | 17 | - | €250,000 | +€250,000 | |
| Financial debts | 170/4 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €114,941 | €129,333 | +€14,392 | +12.5% |
| Trade debts | 44 | €13,006 | €19,242 | +€6,236 | +48.0% |
| Suppliers | 440/4 | €13,006 | €19,242 | +€6,236 | +48.0% |
| Taxes, remuneration and social security | 45 | €1,693 | €9,559 | +€7,866 | +464.5% |
| Taxes | 450/3 | €1,693 | €6,559 | +€4,866 | +287.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €100,242 | €100,531 | +€289 | +0.3% |
| Non-recurring operating income | 76A | - | €3,551 | +€3,551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,655 | €6,282 | +€1,627 | +35.0% |
| Non-recurring operating charges | 66A | - | €303 | +€303 | |
| Gross operating margin | 9900 | -€50,749 | -€52,280 | -€1,531 | -3.0% |
| Operating profit (loss) | 9901 | -€55,403 | -€58,864 | -€3,460 | -6.2% |
| Financial income | 75/76B | €48 | €1,769 | +€1,721 | +3594.3% |
| Recurring financial income | 75 | €48 | €1,769 | +€1,721 | +3594.3% |
| Financial charges | 65/66B | €1,208 | €2,438 | +€1,230 | +101.8% |
| Recurring financial charges | 65 | €1,208 | €2,438 | +€1,230 | +101.8% |
| Profit (loss) for the period before taxes | 9903 | -€56,564 | -€59,533 | -€2,970 | -5.2% |
| Profit (loss) for the period | 9904 | -€56,564 | -€59,533 | -€2,970 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,564 | -€59,533 | -€2,970 | -5.2% |
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 29 September 2026 via checked.be.