VISIA: 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.
VISIA
Largest movements
- Cash +€41,230
up €41,230 (+42.9%), from €96,029 to €137,259
mainly Net result for the year (+€67,034) and Receivables within one year (+€28,782)
- Deferred charges and accrued income +€35,831
up €35,831 (+767.8%), from €4,667 to €40,498
- Receivables within one year -€28,782
down €28,782 (-42.2%), from €68,257 to €39,474
of which Trade receivables: -€28,544
- Other debts +€25,353
new in 2025: €25,353
- Reserves +€19,075
up €19,075 (+13.8%), from €138,668 to €157,743
of which Distributable reserves: +€20,935
- Tax, wage and social debts +€3,847
up €3,847 (+12.1%), from €31,829 to €35,676
- Trade debts +€2,379
up €2,379 (+225.6%), from €1,055 to €3,434
- Gross operating margin +€13,791
up €13,791 (+16.1%), from €85,871 to €99,661
- Taxes +€5,092
up €5,092 (+22.8%), from €22,353 to €27,445
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 | €181,952 | €231,947 | +€49,995 | +27.5% |
| Fixed assets | 21/28 | €12,999 | €14,716 | +€1,717 | +13.2% |
| Tangible fixed assets | 22/27 | €12,999 | €14,716 | +€1,717 | +13.2% |
| Plant, machinery and equipment | 23 | €6,190 | €13,643 | +€7,453 | +120.4% |
| Furniture and vehicles | 24 | €6,809 | €1,073 | -€5,736 | -84.2% |
| Current assets | 29/58 | €168,953 | €217,231 | +€48,278 | +28.6% |
| Amounts receivable within one year | 40/41 | €68,257 | €39,474 | -€28,782 | -42.2% |
| Trade receivables | 40 | €47,130 | €18,586 | -€28,544 | -60.6% |
| Other amounts receivable | 41 | €21,127 | €20,889 | -€238 | -1.1% |
| Cash at bank and in hand | 54/58 | €96,029 | €137,259 | +€41,230 | +42.9% |
| Deferred charges and accrued income | 490/1 | €4,667 | €40,498 | +€35,831 | +767.8% |
| Total equity and liabilities | 10/49 | €181,952 | €231,947 | +€49,995 | +27.5% |
| Equity | 10/15 | €144,868 | €163,943 | +€19,075 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €138,668 | €157,743 | +€19,075 | +13.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €136,808 | €157,743 | +€20,935 | +15.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €37,084 | €68,004 | +€30,920 | +83.4% |
| Amounts payable within one year | 42/48 | €37,084 | €67,845 | +€30,761 | +82.9% |
| Financial debts | 43 | €4,200 | €3,382 | -€819 | -19.5% |
| Credit institutions | 430/8 | €4,200 | €3,382 | -€819 | -19.5% |
| Trade debts | 44 | €1,055 | €3,434 | +€2,379 | +225.6% |
| Suppliers | 440/4 | €1,055 | €3,434 | +€2,379 | +225.6% |
| Taxes, remuneration and social security | 45 | €31,829 | €35,676 | +€3,847 | +12.1% |
| Taxes | 450/3 | €31,829 | €35,676 | +€3,847 | +12.1% |
| Other amounts payable | 47/48 | - | €25,353 | +€25,353 | |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Non-recurring operating income | 76A | - | €142 | +€142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,886 | €2,094 | +€208 | +11.0% |
| Other operating charges | 640/8 | €931 | €514 | -€417 | -44.8% |
| Gross operating margin | 9900 | €85,871 | €99,661 | +€13,791 | +16.1% |
| Operating profit (loss) | 9901 | €83,054 | €97,054 | +€14,000 | +16.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,516 | €2,575 | +€59 | +2.3% |
| Recurring financial charges | 65 | €2,516 | €2,575 | +€59 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €80,538 | €94,478 | +€13,940 | +17.3% |
| Income taxes | 67/77 | €22,353 | €27,445 | +€5,092 | +22.8% |
| Profit (loss) for the period | 9904 | €58,185 | €67,034 | +€8,848 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,185 | €67,034 | +€8,848 | +15.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.