VISICON: 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.
VISICON
Largest movements
- Current investments +€390,262
up €390,262 (+14.9%), from €2.6m to €3.0m
- Cash -€71,345
down €71,345 (-14.5%), from €492,148 to €420,803
mainly Current investments (-€390,262) and Receivables within one year (-€7,730)
- Reserves +€317,730
up €317,730 (+11.8%), from €2.7m to €3.0m
of which Distributable reserves: +€403,170
- Financial charges +€110,789
up €110,789 (+111%), from €99,967 to €210,757
- Financial income +€52,516
up €52,516 (+70.3%), from €74,712 to €127,228
of which Financial income: +€52,550
- Taxes +€17,199
up €17,199 (+8.1%), from €211,635 to €228,835
- Gross operating margin +€6,791
up €6,791 (+1.1%), from €627,075 to €633,866
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 | €3,154,437 | €3,479,938 | +€325,501 | +10.3% |
| Fixed assets | 21/28 | €3,548 | €2,451 | -€1,098 | -30.9% |
| Tangible fixed assets | 22/27 | €3,548 | €2,451 | -€1,098 | -30.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,364 | €1,796 | -€567 | -24.0% |
| Other tangible fixed assets | 26 | €1,185 | €655 | -€530 | -44.8% |
| Current assets | 29/58 | €3,150,889 | €3,477,487 | +€326,599 | +10.4% |
| Amounts receivable within one year | 40/41 | €26,747 | €34,478 | +€7,730 | +28.9% |
| Trade receivables | 40 | €26,747 | €34,478 | +€7,730 | +28.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €2,625,489 | €3,015,751 | +€390,262 | +14.9% |
| Cash at bank and in hand | 54/58 | €492,148 | €420,803 | -€71,345 | -14.5% |
| Deferred charges and accrued income | 490/1 | €6,504 | €6,455 | -€49 | -0.8% |
| Total equity and liabilities | 10/49 | €3,154,437 | €3,479,938 | +€325,501 | +10.3% |
| Equity | 10/15 | €3,010,194 | €3,327,924 | +€317,730 | +10.6% |
| Contributions | 10/11 | €316,944 | €316,944 | = | 0.0% |
| Reserves | 13 | €2,693,250 | €3,010,980 | +€317,730 | +11.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €85,440 | €0 | -€85,440 | -100% |
| Distributable reserves | 133 | €2,607,810 | €3,010,980 | +€403,170 | +15.5% |
| Amounts payable | 17/49 | €144,243 | €152,014 | +€7,772 | +5.4% |
| Amounts payable within one year | 42/48 | €142,829 | €151,111 | +€8,282 | +5.8% |
| Financial debts | 43 | - | €1,232 | +€1,232 | |
| Credit institutions | 430/8 | - | €1,232 | +€1,232 | |
| Trade debts | 44 | €157 | €347 | +€190 | +121% |
| Suppliers | 440/4 | €157 | €347 | +€190 | +121% |
| Taxes, remuneration and social security | 45 | €138,833 | €148,257 | +€9,424 | +6.8% |
| Taxes | 450/3 | €138,833 | €148,257 | +€9,424 | +6.8% |
| Other amounts payable | 47/48 | €3,838 | €1,274 | -€2,564 | -66.8% |
| Accrued charges and deferred income | 492/3 | €1,414 | €903 | -€510 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,534 | €1,098 | -€437 | -28.5% |
| Other operating charges | 640/8 | €2,811 | €2,676 | -€135 | -4.8% |
| Gross operating margin | 9900 | €627,075 | €633,866 | +€6,791 | +1.1% |
| Operating profit (loss) | 9901 | €622,730 | €630,093 | +€7,363 | +1.2% |
| Financial income | 75/76B | €74,712 | €127,228 | +€52,516 | +70.3% |
| Recurring financial income | 75 | €74,678 | €127,228 | +€52,550 | +70.4% |
| Non-recurring financial income | 76B | €35 | - | -€35 | |
| Financial charges | 65/66B | €99,967 | €210,757 | +€110,789 | +111% |
| Recurring financial charges | 65 | €99,967 | €210,757 | +€110,789 | +111% |
| Profit (loss) for the period before taxes | 9903 | €597,475 | €546,564 | -€50,911 | -8.5% |
| Income taxes | 67/77 | €211,635 | €228,835 | +€17,199 | +8.1% |
| Profit (loss) for the period | 9904 | €385,840 | €317,730 | -€68,110 | -17.7% |
| Transfer from tax-exempt reserves | 789 | - | €85,440 | +€85,440 | |
| Profit (loss) for the period to be appropriated | 9905 | €385,840 | €403,170 | +€17,330 | +4.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.