VISHUDDHA: 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.
VISHUDDHA
Largest movements
- Tangible fixed assets -€30,658
down €30,658 (-16.2%), from €189,768 to €159,110
of which Land and buildings: -€30,346
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Cash +€13,878
up €13,878 (+221%), from €6,283 to €20,161
mainly Depreciation (+€31,778) and Receivables after one year (+€20,000)
- Receivables within one year +€11,088
up €11,088 (+271%), from €4,096 to €15,184
of which Trade receivables: +€11,468
- Deferred charges and accrued income -€2,384
no longer reported in 2025 (was €2,384)
- Trade debts -€20,907
no longer reported in 2025 (was €20,907)
- Debts after one year -€8,547
down €8,547 (-7.7%), from €110,916 to €102,370
- Tax, wage and social debts -€5,249
down €5,249 (-57.6%), from €9,120 to €3,871
of which Taxes: -€5,249
- Other debts +€4,225
up €4,225 (+39.9%), from €10,599 to €14,824
- Gross operating margin -€11,574
down €11,574 (-23.5%), from €49,265 to €37,691
- Taxes -€9,943
no longer reported in 2025 (was €9,943)
- Other operating charges -€7,436
down €7,436 (-87.3%), from €8,522 to €1,086
- Financial charges -€3,946
down €3,946 (-49.7%), from €7,944 to €3,999
- Depreciation +€1,843
up €1,843 (+6.2%), from €29,935 to €31,778
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.
Derived cash bridge
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 | €223,287 | €194,455 | -€28,832 | -12.9% |
| Fixed assets | 21/28 | €190,518 | €159,110 | -€31,408 | -16.5% |
| Tangible fixed assets | 22/27 | €189,768 | €159,110 | -€30,658 | -16.2% |
| Land and buildings | 22 | €188,617 | €158,270 | -€30,346 | -16.1% |
| Plant, machinery and equipment | 23 | €155 | €840 | +€685 | +442% |
| Furniture and vehicles | 24 | €997 | - | -€997 | |
| Financial fixed assets | 28 | €750 | - | -€750 | |
| Current assets | 29/58 | €32,768 | €35,345 | +€2,576 | +7.9% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €4,096 | €15,184 | +€11,088 | +271% |
| Trade receivables | 40 | €3,574 | €15,042 | +€11,468 | +321% |
| Other amounts receivable | 41 | €522 | €142 | -€381 | -72.9% |
| Current investments | 50/53 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €6,283 | €20,161 | +€13,878 | +221% |
| Deferred charges and accrued income | 490/1 | €2,384 | - | -€2,384 | |
| Total equity and liabilities | 10/49 | €223,287 | €194,455 | -€28,832 | -12.9% |
| Equity | 10/15 | €63,442 | €64,844 | +€1,402 | +2.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | - | €20,460 | +€20,460 | |
| Other | 1109/19 | - | €20,460 | +€20,460 | |
| Reserves | 13 | €60,900 | €60,900 | = | 0.0% |
| Distributable reserves | 133 | €60,900 | €60,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,918 | -€16,516 | +€1,402 | +7.8% |
| Amounts payable | 17/49 | €159,845 | €129,611 | -€30,234 | -18.9% |
| Amounts payable after more than one year | 17 | €110,916 | €102,370 | -€8,547 | -7.7% |
| Financial debts | 170/4 | €110,916 | €102,370 | -€8,547 | -7.7% |
| Amounts payable within one year | 42/48 | €48,929 | €27,241 | -€21,687 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €8,303 | €8,547 | +€244 | +2.9% |
| Trade debts | 44 | €20,907 | - | -€20,907 | |
| Suppliers | 440/4 | €20,907 | - | -€20,907 | |
| Taxes, remuneration and social security | 45 | €9,120 | €3,871 | -€5,249 | -57.6% |
| Taxes | 450/3 | €9,120 | €3,871 | -€5,249 | -57.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,599 | €14,824 | +€4,225 | +39.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €413 | - | -€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,935 | €31,778 | +€1,843 | +6.2% |
| Other operating charges | 640/8 | €8,522 | €1,086 | -€7,436 | -87.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €49,265 | €37,691 | -€11,574 | -23.5% |
| Operating profit (loss) | 9901 | €10,394 | €4,827 | -€5,568 | -53.6% |
| Financial income | 75/76B | €854 | €574 | -€281 | -32.8% |
| Recurring financial income | 75 | €854 | €574 | -€281 | -32.8% |
| Financial charges | 65/66B | €7,944 | €3,999 | -€3,946 | -49.7% |
| Recurring financial charges | 65 | €7,944 | €3,999 | -€3,946 | -49.7% |
| Profit (loss) for the period before taxes | 9903 | €3,304 | €1,402 | -€1,903 | -57.6% |
| Income taxes | 67/77 | €9,943 | - | -€9,943 | |
| Profit (loss) for the period | 9904 | -€6,639 | €1,402 | +€8,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,639 | €1,402 | +€8,041 |
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 18 October 2026 via checked.be.