Vision + 0,785: what changed
Vision + 0,785
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tangible fixed assets -€40,275
down €40,275 (-10.4%), from €388,811 to €348,536
of which Land and buildings: -€20,253
- Receivables within one year +€18,710
up €18,710 (+313%), from €5,972 to €24,682
of which Trade receivables: +€19,270
- Cash +€8,013
up €8,013 (+30.6%), from €26,147 to €34,160
mainly Current investments (+€50,000) and Net result for the year (+€42,100)
- Deferred charges and accrued income +€5,310
up €5,310 (+830%), from €640 to €5,949
- Contributions -€65,700
down €65,700 (-19.3%), from €340,000 to €274,300
- Other debts -€44,347
down €44,347 (-100%), from €44,347 to €0
- Reserves +€42,000
up €42,000 (+55.0%), from €76,400 to €118,400
- Trade debts +€7,304
up €7,304 (+336%), from €2,176 to €9,480
- Depreciation -€5,404
down €5,404 (-11.8%), from €45,679 to €40,275
- Gross operating margin +€4,059
up €4,059 (+3.7%), from €108,658 to €112,717
- Taxes +€2,435
up €2,435 (+10.8%), from €22,442 to €24,877
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,570 | €413,328 | -€58,242 | -12.4% |
| Fixed assets | 21/28 | €388,811 | €348,536 | -€40,275 | -10.4% |
| Tangible fixed assets | 22/27 | €388,811 | €348,536 | -€40,275 | -10.4% |
| Land and buildings | 22 | €343,794 | €323,541 | -€20,253 | -5.9% |
| Plant, machinery and equipment | 23 | €35,027 | €23,460 | -€11,567 | -33.0% |
| Furniture and vehicles | 24 | €9,990 | €1,534 | -€8,455 | -84.6% |
| Current assets | 29/58 | €82,759 | €64,792 | -€17,967 | -21.7% |
| Amounts receivable within one year | 40/41 | €5,972 | €24,682 | +€18,710 | +313% |
| Trade receivables | 40 | €3,225 | €22,495 | +€19,270 | +598% |
| Other amounts receivable | 41 | €2,747 | €2,188 | -€560 | -20.4% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €26,147 | €34,160 | +€8,013 | +30.6% |
| Deferred charges and accrued income | 490/1 | €640 | €5,949 | +€5,310 | +830% |
| Total equity and liabilities | 10/49 | €471,570 | €413,328 | -€58,242 | -12.4% |
| Equity | 10/15 | €417,051 | €393,451 | -€23,600 | -5.7% |
| Contributions | 10/11 | €340,000 | €274,300 | -€65,700 | -19.3% |
| Reserves | 13 | €76,400 | €118,400 | +€42,000 | +55.0% |
| Distributable reserves | 133 | €76,400 | €118,400 | +€42,000 | +55.0% |
| Profit (loss) carried forward | 14 | €651 | €751 | +€100 | +15.4% |
| Amounts payable | 17/49 | €54,519 | €19,877 | -€34,643 | -63.5% |
| Amounts payable within one year | 42/48 | €54,519 | €19,877 | -€34,643 | -63.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,176 | €9,480 | +€7,304 | +336% |
| Suppliers | 440/4 | €2,176 | €9,480 | +€7,304 | +336% |
| Taxes, remuneration and social security | 45 | €7,997 | €10,397 | +€2,400 | +30.0% |
| Taxes | 450/3 | €7,997 | €10,397 | +€2,400 | +30.0% |
| Other amounts payable | 47/48 | €44,347 | €0 | -€44,347 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,679 | €40,275 | -€5,404 | -11.8% |
| Other operating charges | 640/8 | €4,779 | €5,801 | +€1,022 | +21.4% |
| Gross operating margin | 9900 | €108,658 | €112,717 | +€4,059 | +3.7% |
| Operating profit (loss) | 9901 | €58,200 | €66,641 | +€8,441 | +14.5% |
| Financial income | 75/76B | €722 | €498 | -€224 | -31.0% |
| Recurring financial income | 75 | €722 | €498 | -€224 | -31.0% |
| Financial charges | 65/66B | €191 | €162 | -€28 | -14.9% |
| Recurring financial charges | 65 | €191 | €162 | -€28 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €58,731 | €66,977 | +€8,246 | +14.0% |
| Income taxes | 67/77 | €22,442 | €24,877 | +€2,435 | +10.8% |
| Profit (loss) for the period | 9904 | €36,289 | €42,100 | +€5,811 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,289 | €42,100 | +€5,811 | +16.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.