VISIBILIS: 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.
VISIBILIS
Largest movements
- Cash +€5,300
up €5,300 (+114%), from €4,642 to €9,942
mainly Net result for the year (+€3,199) and Receivables within one year (+€2,021)
- Receivables within one year -€2,021
down €2,021 (-74.7%), from €2,704 to €684
of which Trade receivables: -€1,453
- Deferred charges and accrued income -€555
down €555 (-23.5%), from €2,356 to €1,802
- Tangible fixed assets +€268
up €268 (+18.1%), from €1,480 to €1,748
of which Plant, machinery and equipment: +€428
- Profit (loss) carried forward +€3,199
up €3,199 (+52.2%), from €6,123 to €9,322
- Accrued charges and deferred income -€887
down €887 (-52.3%), from €1,696 to €808
- Tax, wage and social debts +€785
up €785 (+216%), from €363 to €1,148
- Trade debts -€761
down €761 (-82.8%), from €919 to €158
- Other debts +€657
up €657 (+198%), from €332 to €989
- Gross operating margin +€8,237
up €8,237, from -€247 to €7,991
- Taxes +€1,568
up €1,568 (+631%), from €249 to €1,816
- Other operating charges -€252
down €252 (-20.8%), from €1,214 to €962
- Staff costs +€160
up €160 (+10.7%), from €1,498 to €1,658
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 | €11,432 | €14,426 | +€2,993 | +26.2% |
| Fixed assets | 21/28 | €1,730 | €1,998 | +€268 | +15.5% |
| Tangible fixed assets | 22/27 | €1,480 | €1,748 | +€268 | +18.1% |
| Land and buildings | 22 | €1,227 | €1,067 | -€160 | -13.0% |
| Plant, machinery and equipment | 23 | €253 | €681 | +€428 | +169% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €9,702 | €12,428 | +€2,725 | +28.1% |
| Amounts receivable within one year | 40/41 | €2,704 | €684 | -€2,021 | -74.7% |
| Trade receivables | 40 | €1,453 | - | -€1,453 | |
| Other amounts receivable | 41 | €1,251 | €684 | -€568 | -45.4% |
| Cash at bank and in hand | 54/58 | €4,642 | €9,942 | +€5,300 | +114% |
| Deferred charges and accrued income | 490/1 | €2,356 | €1,802 | -€555 | -23.5% |
| Total equity and liabilities | 10/49 | €11,432 | €14,426 | +€2,993 | +26.2% |
| Equity | 10/15 | €8,123 | €11,322 | +€3,199 | +39.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,123 | €9,322 | +€3,199 | +52.2% |
| Amounts payable | 17/49 | €3,309 | €3,104 | -€206 | -6.2% |
| Amounts payable within one year | 42/48 | €1,614 | €2,296 | +€682 | +42.2% |
| Trade debts | 44 | €919 | €158 | -€761 | -82.8% |
| Suppliers | 440/4 | €919 | €158 | -€761 | -82.8% |
| Taxes, remuneration and social security | 45 | €363 | €1,148 | +€785 | +216% |
| Taxes | 450/3 | €363 | €1,148 | +€785 | +216% |
| Other amounts payable | 47/48 | €332 | €989 | +€657 | +198% |
| Accrued charges and deferred income | 492/3 | €1,696 | €808 | -€887 | -52.3% |
| Remuneration, social security and pensions | 62 | €1,498 | €1,658 | +€160 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €281 | +€55 | +24.3% |
| Other operating charges | 640/8 | €1,214 | €962 | -€252 | -20.8% |
| Gross operating margin | 9900 | -€247 | €7,991 | +€8,237 | |
| Operating profit (loss) | 9901 | -€3,185 | €5,089 | +€8,275 | |
| Financial income | 75/76B | €0 | €7 | +€7 | +1,457% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +1,457% |
| Financial charges | 65/66B | €76 | €81 | +€5 | +6.3% |
| Recurring financial charges | 65 | €76 | €81 | +€5 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,261 | €5,015 | +€8,276 | |
| Income taxes | 67/77 | €249 | €1,816 | +€1,568 | +631% |
| Profit (loss) for the period | 9904 | -€3,510 | €3,199 | +€6,709 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,510 | €3,199 | +€6,709 |
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 14 October 2026 via checked.be.