VISIAX: 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.
VISIAX
Largest movements
- Cash +€99,597
up €99,597 (+110.5%), from €90,117 to €189,714
mainly Debts after one year (+€75,789) and Net result for the year (+€67,323)
- Intangible fixed assets +€41,800
up €41,800 (+21.1%), from €197,841 to €239,641
- Receivables within one year +€8,063
up €8,063 (+4.9%), from €164,856 to €172,919
of which Trade receivables: +€9,425
- Tangible fixed assets +€7,901
up €7,901 (+199.8%), from €3,954 to €11,855
of which Furniture and vehicles: +€8,321
- Debts after one year +€75,789
up €75,789, from €0 to €75,789
- Profit (loss) carried forward +€67,323
up €67,323, from -€26,268 to €41,055
- Other debts +€17,499
up €17,499 (+7224.6%), from €242 to €17,741
- Reserves -€16,479
down €16,479 (-100.0%), from €16,479 to €0
- Trade debts +€12,408
up €12,408 (+69.6%), from €17,818 to €30,226
- Gross operating margin -€97,227
down €97,227 (-25.5%), from €380,780 to €283,553
- Depreciation -€13,504
down €13,504 (-18.1%), from €74,676 to €61,171
- Staff costs -€8,114
down €8,114 (-5.4%), from €151,002 to €142,888
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 | €457,413 | €617,642 | +€160,229 | +35.0% |
| Fixed assets | 21/28 | €201,995 | €251,796 | +€49,801 | +24.7% |
| Intangible fixed assets | 21 | €197,841 | €239,641 | +€41,800 | +21.1% |
| Tangible fixed assets | 22/27 | €3,954 | €11,855 | +€7,901 | +199.8% |
| Plant, machinery and equipment | 23 | €1,956 | €1,536 | -€420 | -21.5% |
| Furniture and vehicles | 24 | €1,998 | €10,319 | +€8,321 | +416.5% |
| Financial fixed assets | 28 | €200 | €300 | +€100 | +50.0% |
| Current assets | 29/58 | €255,419 | €365,847 | +€110,428 | +43.2% |
| Amounts receivable within one year | 40/41 | €164,856 | €172,919 | +€8,063 | +4.9% |
| Trade receivables | 40 | €163,181 | €172,605 | +€9,425 | +5.8% |
| Other amounts receivable | 41 | €1,676 | €314 | -€1,362 | -81.3% |
| Cash at bank and in hand | 54/58 | €90,117 | €189,714 | +€99,597 | +110.5% |
| Deferred charges and accrued income | 490/1 | €445 | €3,213 | +€2,768 | +621.3% |
| Total equity and liabilities | 10/49 | €457,413 | €617,642 | +€160,229 | +35.0% |
| Equity | 10/15 | €372,856 | €423,700 | +€50,844 | +13.6% |
| Contributions | 10/11 | €382,644 | €382,644 | = | 0.0% |
| Reserves | 13 | €16,479 | €0 | -€16,479 | -100.0% |
| Distributable reserves | 133 | €16,479 | €0 | -€16,479 | -100.0% |
| Profit (loss) carried forward | 14 | -€26,268 | €41,055 | +€67,323 | |
| Amounts payable | 17/49 | €84,558 | €193,943 | +€109,385 | +129.4% |
| Amounts payable after more than one year | 17 | €0 | €75,789 | +€75,789 | |
| Financial debts | 170/4 | €0 | €75,789 | +€75,789 | |
| Amounts payable within one year | 42/48 | €84,558 | €118,153 | +€33,596 | +39.7% |
| Current portion of amounts payable after more than one year | 42 | €25,611 | €29,993 | +€4,382 | +17.1% |
| Financial debts | 43 | €145 | €587 | +€442 | +305.1% |
| Credit institutions | 430/8 | €145 | €587 | +€442 | +305.1% |
| Trade debts | 44 | €17,818 | €30,226 | +€12,408 | +69.6% |
| Suppliers | 440/4 | €17,818 | €30,226 | +€12,408 | +69.6% |
| Taxes, remuneration and social security | 45 | €40,742 | €39,606 | -€1,136 | -2.8% |
| Taxes | 450/3 | €24,355 | €28,492 | +€4,137 | +17.0% |
| Remuneration and social security | 454/9 | €16,387 | €11,113 | -€5,273 | -32.2% |
| Other amounts payable | 47/48 | €242 | €17,741 | +€17,499 | +7224.6% |
| Remuneration, social security and pensions | 62 | €151,002 | €142,888 | -€8,114 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,676 | €61,171 | -€13,504 | -18.1% |
| Other operating charges | 640/8 | €493 | €597 | +€104 | +21.1% |
| Gross operating margin | 9900 | €380,780 | €283,553 | -€97,227 | -25.5% |
| Operating profit (loss) | 9901 | €154,608 | €78,896 | -€75,712 | -49.0% |
| Financial income | 75/76B | €19 | €2 | -€17 | -88.3% |
| Recurring financial income | 75 | €19 | €2 | -€17 | -88.3% |
| Financial charges | 65/66B | €11,045 | €10,943 | -€102 | -0.9% |
| Recurring financial charges | 65 | €11,045 | €10,943 | -€102 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €143,582 | €67,956 | -€75,627 | -52.7% |
| Income taxes | 67/77 | €400 | €632 | +€232 | +57.9% |
| Profit (loss) for the period | 9904 | €143,182 | €67,323 | -€75,858 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,182 | €67,323 | -€75,858 | -53.0% |
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 7 October 2026 via checked.be.