VISION: 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.
VISION
Largest movements
- Receivables within one year -€72,465
down €72,465 (-74.9%), from €96,709 to €24,244
of which Trade receivables: -€78,596
- Stocks and contracts -€30,169
down €30,169 (-16.1%), from €187,410 to €157,241
- Trade debts -€62,962
down €62,962 (-93.8%), from €67,146 to €4,183
- Other debts -€36,865
down €36,865 (-67.9%), from €54,284 to €17,419
- Reserves +€10,869
up €10,869 (+13.7%), from €79,512 to €90,381
of which Distributable reserves: +€10,869
- Debts after one year -€7,000
down €7,000 (-40.3%), from €17,351 to €10,351
- Tax, wage and social debts -€4,776
down €4,776 (-29.3%), from €16,297 to €11,522
of which Taxes: -€2,776
- Gross operating margin +€9,530
up €9,530 (+59.2%), from €16,091 to €25,620
- Taxes +€3,981
up €3,981 (+105.6%), from €3,770 to €7,751
- Financial charges +€518
up €518 (+9.3%), from €5,596 to €6,114
- Other operating charges +€290
up €290 (+48.3%), from €601 to €891
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €285,168 | €184,005 | -€101,163 | -35.5% |
| Current assets | 29/58 | €285,168 | €184,005 | -€101,163 | -35.5% |
| Stocks and contracts in progress | 3 | €187,410 | €157,241 | -€30,169 | -16.1% |
| Stocks | 30/36 | €187,410 | €157,241 | -€30,169 | -16.1% |
| Amounts receivable within one year | 40/41 | €96,709 | €24,244 | -€72,465 | -74.9% |
| Trade receivables | 40 | €79,939 | €1,342 | -€78,596 | -98.3% |
| Other amounts receivable | 41 | €16,770 | €22,902 | +€6,132 | +36.6% |
| Cash at bank and in hand | 54/58 | €94 | €1,511 | +€1,417 | +1506.9% |
| Deferred charges and accrued income | 490/1 | €955 | €1,009 | +€53 | +5.6% |
| Total equity and liabilities | 10/49 | €285,168 | €184,005 | -€101,163 | -35.5% |
| Equity | 10/15 | €79,661 | €90,530 | +€10,869 | +13.6% |
| Contributions | 10/11 | €149 | €149 | = | 0.0% |
| Reserves | 13 | €79,512 | €90,381 | +€10,869 | +13.7% |
| Non-distributable reserves | 130/1 | €15 | €15 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15 | €15 | = | 0.0% |
| Distributable reserves | 133 | €79,497 | €90,366 | +€10,869 | +13.7% |
| Amounts payable | 17/49 | €205,507 | €93,475 | -€112,032 | -54.5% |
| Amounts payable after more than one year | 17 | €17,351 | €10,351 | -€7,000 | -40.3% |
| Financial debts | 170/4 | €17,351 | €10,351 | -€7,000 | -40.3% |
| Amounts payable within one year | 42/48 | €187,728 | €83,124 | -€104,603 | -55.7% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €67,146 | €4,183 | -€62,962 | -93.8% |
| Suppliers | 440/4 | €67,146 | €4,183 | -€62,962 | -93.8% |
| Taxes, remuneration and social security | 45 | €16,297 | €11,522 | -€4,776 | -29.3% |
| Taxes | 450/3 | €14,297 | €11,522 | -€2,776 | -19.4% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €54,284 | €17,419 | -€36,865 | -67.9% |
| Accrued charges and deferred income | 492/3 | €429 | - | -€429 | |
| Other operating charges | 640/8 | €601 | €891 | +€290 | +48.3% |
| Gross operating margin | 9900 | €16,091 | €25,620 | +€9,530 | +59.2% |
| Operating profit (loss) | 9901 | €15,489 | €24,729 | +€9,239 | +59.6% |
| Financial income | 75/76B | €5 | €6 | +€1 | +9.7% |
| Recurring financial income | 75 | €5 | €6 | +€1 | +9.7% |
| Financial charges | 65/66B | €5,596 | €6,114 | +€518 | +9.3% |
| Recurring financial charges | 65 | €5,596 | €6,114 | +€518 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €9,899 | €18,621 | +€8,722 | +88.1% |
| Income taxes | 67/77 | €3,770 | €7,751 | +€3,981 | +105.6% |
| Profit (loss) for the period | 9904 | €6,129 | €10,869 | +€4,741 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,129 | €10,869 | +€4,741 | +77.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.