VISIGA: 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.
VISIGA
Largest movements
- Tangible fixed assets -€7,016
down €7,016 (-41.3%), from €17,001 to €9,985
of which Furniture and vehicles: -€6,700
- Cash +€1,275
up €1,275 (+66.5%), from €1,918 to €3,194
mainly Depreciation (+€7,016) and Receivables within one year (+€861)
- Receivables within one year -€861
down €861 (-6.9%), from €12,494 to €11,633
of which Trade receivables: -€1,125
- Other debts -€6,978
down €6,978 (-29.5%), from €23,640 to €16,662
- Trade debts +€340
up €340 (+47.6%), from €715 to €1,056
- Gross operating margin -€4,644
down €4,644 (-33.1%), from €14,033 to €9,390
- Taxes -€850
down €850 (-32.2%), from €2,642 to €1,792
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 | €32,226 | €25,653 | -€6,573 | -20.4% |
| Fixed assets | 21/28 | €17,001 | €9,985 | -€7,016 | -41.3% |
| Tangible fixed assets | 22/27 | €17,001 | €9,985 | -€7,016 | -41.3% |
| Furniture and vehicles | 24 | €16,025 | €9,325 | -€6,700 | -41.8% |
| Other tangible fixed assets | 26 | €976 | €660 | -€316 | -32.4% |
| Current assets | 29/58 | €15,224 | €15,667 | +€443 | +2.9% |
| Amounts receivable within one year | 40/41 | €12,494 | €11,633 | -€861 | -6.9% |
| Trade receivables | 40 | €12,494 | €11,369 | -€1,125 | -9.0% |
| Other amounts receivable | 41 | - | €264 | +€264 | |
| Cash at bank and in hand | 54/58 | €1,918 | €3,194 | +€1,275 | +66.5% |
| Deferred charges and accrued income | 490/1 | €812 | €841 | +€29 | +3.6% |
| Total equity and liabilities | 10/49 | €32,226 | €25,653 | -€6,573 | -20.4% |
| Equity | 10/15 | €2,818 | €2,804 | -€14 | -0.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€682 | -€696 | -€14 | -2.1% |
| Amounts payable | 17/49 | €29,408 | €22,849 | -€6,559 | -22.3% |
| Amounts payable within one year | 42/48 | €29,408 | €22,849 | -€6,559 | -22.3% |
| Trade debts | 44 | €715 | €1,056 | +€340 | +47.6% |
| Suppliers | 440/4 | €715 | €1,056 | +€340 | +47.6% |
| Taxes, remuneration and social security | 45 | €5,052 | €5,131 | +€79 | +1.6% |
| Taxes | 450/3 | €5,052 | €5,131 | +€79 | +1.6% |
| Other amounts payable | 47/48 | €23,640 | €16,662 | -€6,978 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,016 | €7,016 | = | 0.0% |
| Other operating charges | 640/8 | €622 | €522 | -€100 | -16.0% |
| Gross operating margin | 9900 | €14,033 | €9,390 | -€4,644 | -33.1% |
| Operating profit (loss) | 9901 | €6,395 | €1,851 | -€4,544 | -71.1% |
| Financial charges | 65/66B | €180 | €73 | -€107 | -59.4% |
| Recurring financial charges | 65 | €180 | €73 | -€107 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €6,215 | €1,778 | -€4,437 | -71.4% |
| Income taxes | 67/77 | €2,642 | €1,792 | -€850 | -32.2% |
| Profit (loss) for the period | 9904 | €3,573 | -€14 | -€3,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,573 | -€14 | -€3,587 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.