@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
- Receivables within one year +€9,295
up €9,295 (+22.2%), from €41,965 to €51,260
of which Trade receivables: +€8,927
- Cash -€6,601
down €6,601 (-62.2%), from €10,614 to €4,013
mainly Receivables within one year (-€9,295) and Net result for the year (-€6,282)
- Deferred charges and accrued income -€1,197
down €1,197 (-55.7%), from €2,149 to €952
- Tangible fixed assets -€1,193
down €1,193 (-29.7%), from €4,025 to €2,831
- Other debts +€6,641
up €6,641 (+15.0%), from €44,159 to €50,801
- Profit (loss) carried forward -€6,282
down €6,282 (-687%), from -€914 to -€7,196
- Tax, wage and social debts -€754
down €754 (-91.7%), from €823 to €69
of which Taxes: -€754
- Trade debts +€699
up €699 (+14.2%), from €4,913 to €5,612
- Gross operating margin -€37,064
down €37,064, from €36,913 to -€152
- Staff costs -€20,626
down €20,626 (-98.3%), from €20,989 to €363
- Other operating charges -€1,444
down €1,444 (-47.3%), from €3,052 to €1,608
- Financial charges -€998
down €998 (-26.0%), from €3,841 to €2,843
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 | €64,763 | €65,066 | +€303 | +0.5% |
| Fixed assets | 21/28 | €4,025 | €2,831 | -€1,193 | -29.7% |
| Tangible fixed assets | 22/27 | €4,025 | €2,831 | -€1,193 | -29.7% |
| Leasing and similar rights | 25 | €4,025 | €2,831 | -€1,193 | -29.7% |
| Current assets | 29/58 | €60,738 | €62,235 | +€1,497 | +2.5% |
| Stocks and contracts in progress | 3 | €6,009 | €6,009 | = | 0.0% |
| Stocks | 30/36 | €6,009 | €6,009 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,965 | €51,260 | +€9,295 | +22.2% |
| Trade receivables | 40 | €41,523 | €50,450 | +€8,927 | +21.5% |
| Other amounts receivable | 41 | €442 | €810 | +€368 | +83.2% |
| Cash at bank and in hand | 54/58 | €10,614 | €4,013 | -€6,601 | -62.2% |
| Deferred charges and accrued income | 490/1 | €2,149 | €952 | -€1,197 | -55.7% |
| Total equity and liabilities | 10/49 | €64,763 | €65,066 | +€303 | +0.5% |
| Equity | 10/15 | €14,868 | €8,585 | -€6,282 | -42.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €3,281 | €3,281 | = | 0.0% |
| Distributable reserves | 133 | €3,281 | €3,281 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€914 | -€7,196 | -€6,282 | -687% |
| Amounts payable | 17/49 | €49,895 | €56,481 | +€6,586 | +13.2% |
| Amounts payable within one year | 42/48 | €49,895 | €56,481 | +€6,586 | +13.2% |
| Trade debts | 44 | €4,913 | €5,612 | +€699 | +14.2% |
| Suppliers | 440/4 | €4,913 | €5,612 | +€699 | +14.2% |
| Taxes, remuneration and social security | 45 | €823 | €69 | -€754 | -91.7% |
| Taxes | 450/3 | €823 | €69 | -€754 | -91.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €44,159 | €50,801 | +€6,641 | +15.0% |
| Non-recurring operating income | 76A | €7,438 | €0 | -€7,438 | -100% |
| Remuneration, social security and pensions | 62 | €20,989 | €363 | -€20,626 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,193 | €1,193 | = | 0.0% |
| Other operating charges | 640/8 | €3,052 | €1,608 | -€1,444 | -47.3% |
| Gross operating margin | 9900 | €36,913 | -€152 | -€37,064 | |
| Operating profit (loss) | 9901 | €11,678 | -€3,316 | -€14,994 | |
| Financial income | 75/76B | €18 | €18 | +€0 | +0.9% |
| Recurring financial income | 75 | €18 | €18 | +€0 | +0.9% |
| Financial charges | 65/66B | €3,841 | €2,843 | -€998 | -26.0% |
| Recurring financial charges | 65 | €3,841 | €2,843 | -€998 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €7,855 | -€6,141 | -€13,996 | |
| Income taxes | 67/77 | €241 | €142 | -€99 | -41.1% |
| Profit (loss) for the period | 9904 | €7,615 | -€6,282 | -€13,897 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,615 | -€6,282 | -€13,897 |
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 14 October 2026 via checked.be.