VISION+: 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.
VISION+
Largest movements
- Tangible fixed assets -€25,897
down €25,897 (-33.4%), from €77,614 to €51,717
of which Furniture and vehicles: -€20,997
- Receivables within one year -€5,860
down €5,860 (-22.1%), from €26,573 to €20,713
- Debts after one year -€16,874
down €16,874 (-41.7%), from €40,432 to €23,558
- Tax, wage and social debts -€9,968
down €9,968 (-31.6%), from €31,584 to €21,616
of which Remuneration and social security: -€5,021
- Profit (loss) carried forward -€7,036
down €7,036 (-11.3%), from €62,319 to €55,283
- Other debts +€3,784
new in 2025: €3,784
- Current portion of long-term debt +€3,458
up €3,458 (+17.9%), from €19,280 to €22,738
- Gross operating margin +€34,492
up €34,492 (+158%), from €21,865 to €56,357
- Staff costs +€9,001
up €9,001 (+40.9%), from €21,990 to €30,991
- Other operating charges -€1,649
down €1,649 (-39.4%), from €4,184 to €2,535
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 | €229,723 | €200,063 | -€29,660 | -12.9% |
| Fixed assets | 21/28 | €77,614 | €51,717 | -€25,897 | -33.4% |
| Tangible fixed assets | 22/27 | €77,614 | €51,717 | -€25,897 | -33.4% |
| Plant, machinery and equipment | 23 | €3,772 | €1,172 | -€2,600 | -68.9% |
| Furniture and vehicles | 24 | €68,762 | €47,766 | -€20,997 | -30.5% |
| Leasing and similar rights | 25 | €5,079 | €2,779 | -€2,300 | -45.3% |
| Current assets | 29/58 | €152,110 | €148,346 | -€3,764 | -2.5% |
| Stocks and contracts in progress | 3 | €48,590 | €49,730 | +€1,140 | +2.3% |
| Stocks | 30/36 | €48,590 | €49,730 | +€1,140 | +2.3% |
| Amounts receivable within one year | 40/41 | €26,573 | €20,713 | -€5,860 | -22.1% |
| Other amounts receivable | 41 | €26,573 | €20,713 | -€5,860 | -22.1% |
| Cash at bank and in hand | 54/58 | €73,847 | €74,760 | +€913 | +1.2% |
| Deferred charges and accrued income | 490/1 | €3,100 | €3,143 | +€43 | +1.4% |
| Total equity and liabilities | 10/49 | €229,723 | €200,063 | -€29,660 | -12.9% |
| Equity | 10/15 | €123,113 | €116,077 | -€7,036 | -5.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €54,597 | €54,597 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,737 | €52,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,319 | €55,283 | -€7,036 | -11.3% |
| Amounts payable | 17/49 | €106,610 | €83,986 | -€22,624 | -21.2% |
| Amounts payable after more than one year | 17 | €40,432 | €23,558 | -€16,874 | -41.7% |
| Financial debts | 170/4 | €40,432 | €23,558 | -€16,874 | -41.7% |
| Amounts payable within one year | 42/48 | €66,178 | €60,370 | -€5,809 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €19,280 | €22,738 | +€3,458 | +17.9% |
| Trade debts | 44 | €15,314 | €12,232 | -€3,082 | -20.1% |
| Suppliers | 440/4 | €15,314 | €12,232 | -€3,082 | -20.1% |
| Taxes, remuneration and social security | 45 | €31,584 | €21,616 | -€9,968 | -31.6% |
| Taxes | 450/3 | €22,035 | €17,088 | -€4,947 | -22.5% |
| Remuneration and social security | 454/9 | €9,549 | €4,528 | -€5,021 | -52.6% |
| Other amounts payable | 47/48 | - | €3,784 | +€3,784 | |
| Accrued charges and deferred income | 492/3 | - | €58 | +€58 | |
| Remuneration, social security and pensions | 62 | €21,990 | €30,991 | +€9,001 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,897 | €25,897 | = | 0.0% |
| Other operating charges | 640/8 | €4,184 | €2,535 | -€1,649 | -39.4% |
| Gross operating margin | 9900 | €21,865 | €56,357 | +€34,492 | +158% |
| Operating profit (loss) | 9901 | -€30,206 | -€3,065 | +€27,140 | +89.9% |
| Financial income | 75/76B | €541 | €171 | -€370 | -68.4% |
| Recurring financial income | 75 | €541 | €171 | -€370 | -68.4% |
| Financial charges | 65/66B | €3,316 | €3,020 | -€295 | -8.9% |
| Recurring financial charges | 65 | €3,316 | €3,020 | -€295 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,980 | -€5,914 | +€27,066 | +82.1% |
| Income taxes | 67/77 | €979 | €1,122 | +€143 | +14.6% |
| Profit (loss) for the period | 9904 | -€33,959 | -€7,036 | +€26,923 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,959 | -€7,036 | +€26,923 | +79.3% |
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 17 October 2026 via checked.be.