Vision 1454: 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 1454
Largest movements
- Receivables within one year +€20,756
up €20,756 (+40.2%), from €51,636 to €72,392
of which Other amounts receivable: +€19,472
- Tangible fixed assets -€18,262
down €18,262 (-40.8%), from €44,717 to €26,455
of which Furniture and vehicles: -€16,633
- Current investments +€12,000
up €12,000 (+133.3%), from €9,000 to €21,000
- Cash +€11,885
up €11,885 (+69.9%), from €17,012 to €28,897
mainly Net result for the year (+€30,918) and Depreciation (+€21,242)
- Reserves +€30,000
up €30,000 (+94.2%), from €31,855 to €61,855
- Profit (loss) carried forward -€14,382
down €14,382 (-64.6%), from €22,257 to €7,875
- Current portion of long-term debt -€11,234
down €11,234 (-82.2%), from €13,663 to €2,428
- Tax, wage and social debts +€9,811
up €9,811 (+63.8%), from €15,385 to €25,196
of which Taxes: +€10,291
- Other debts +€9,087
up €9,087 (+231.9%), from €3,918 to €13,005
- Gross operating margin +€22,952
up €22,952 (+51.0%), from €44,975 to €67,927
- Taxes +€8,797
up €8,797 (+174.9%), from €5,030 to €13,827
- Depreciation -€3,109
down €3,109 (-12.8%), from €24,351 to €21,242
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 | €122,365 | €148,744 | +€26,379 | +21.6% |
| Fixed assets | 21/28 | €44,717 | €26,455 | -€18,262 | -40.8% |
| Tangible fixed assets | 22/27 | €44,717 | €26,455 | -€18,262 | -40.8% |
| Plant, machinery and equipment | 23 | €11,212 | €9,777 | -€1,435 | -12.8% |
| Furniture and vehicles | 24 | €25,600 | €8,966 | -€16,633 | -65.0% |
| Other tangible fixed assets | 26 | €7,905 | €7,712 | -€194 | -2.5% |
| Current assets | 29/58 | €77,648 | €122,289 | +€44,642 | +57.5% |
| Amounts receivable within one year | 40/41 | €51,636 | €72,392 | +€20,756 | +40.2% |
| Trade receivables | 40 | €51,636 | €52,920 | +€1,284 | +2.5% |
| Other amounts receivable | 41 | - | €19,472 | +€19,472 | |
| Current investments | 50/53 | €9,000 | €21,000 | +€12,000 | +133.3% |
| Cash at bank and in hand | 54/58 | €17,012 | €28,897 | +€11,885 | +69.9% |
| Total equity and liabilities | 10/49 | €122,365 | €148,744 | +€26,379 | +21.6% |
| Equity | 10/15 | €72,662 | €88,280 | +€15,618 | +21.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €31,855 | €61,855 | +€30,000 | +94.2% |
| Distributable reserves | 133 | €31,855 | €61,855 | +€30,000 | +94.2% |
| Profit (loss) carried forward | 14 | €22,257 | €7,875 | -€14,382 | -64.6% |
| Amounts payable | 17/49 | €49,702 | €60,463 | +€10,761 | +21.7% |
| Amounts payable after more than one year | 17 | €16,683 | €14,255 | -€2,428 | -14.6% |
| Financial debts | 170/4 | €16,683 | €14,255 | -€2,428 | -14.6% |
| Amounts payable within one year | 42/48 | €33,019 | €46,209 | +€13,189 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €13,663 | €2,428 | -€11,234 | -82.2% |
| Trade debts | 44 | €54 | €5,579 | +€5,526 | +10309.1% |
| Suppliers | 440/4 | €54 | €5,579 | +€5,526 | +10309.1% |
| Taxes, remuneration and social security | 45 | €15,385 | €25,196 | +€9,811 | +63.8% |
| Taxes | 450/3 | €14,905 | €25,196 | +€10,291 | +69.0% |
| Remuneration and social security | 454/9 | €480 | - | -€480 | |
| Other amounts payable | 47/48 | €3,918 | €13,005 | +€9,087 | +231.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,351 | €21,242 | -€3,109 | -12.8% |
| Other operating charges | 640/8 | €1,012 | €1,178 | +€167 | +16.5% |
| Gross operating margin | 9900 | €44,975 | €67,927 | +€22,952 | +51.0% |
| Operating profit (loss) | 9901 | €19,612 | €45,507 | +€25,895 | +132.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €902 | €761 | -€141 | -15.6% |
| Recurring financial charges | 65 | €902 | €761 | -€141 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €18,709 | €44,745 | +€26,036 | +139.2% |
| Income taxes | 67/77 | €5,030 | €13,827 | +€8,797 | +174.9% |
| Profit (loss) for the period | 9904 | €13,679 | €30,918 | +€17,239 | +126.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,679 | €30,918 | +€17,239 | +126.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.