VISION 21: 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.
What changed
VISION 21
NACE 93.130, Fitness centres
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€269,780
2024 · €172,407+€97,373
Equity
€1.5m
2024 · €1.3m+€197,165
Cash
€177,660
2024 · €26,007+€151,652
Balance sheet total
€3.7m
2024 · €3.2m+€520,898
Largest movements
Assets
- Tangible fixed assets +€293,917
up €293,917 (+16.7%), from €1.8m to €2.1m
of which Land and buildings: +€339,866
- Cash +€151,652
up €151,652 (+583.1%), from €26,007 to €177,660
mainly Net result for the year (+€269,780) and Debts after one year (+€261,722)
- Receivables within one year +€81,409
up €81,409 (+48.3%), from €168,616 to €250,025
of which Other amounts receivable: +€82,682
Equity and liabilities
- Debts after one year +€261,722
up €261,722 (+27.6%), from €948,530 to €1.2m
- Reserves +€197,085
up €197,085 (+20.4%), from €966,513 to €1.2m
Income statement
- Staff costs -€113,943
down €113,943 (-21.6%), from €526,542 to €412,599
- Taxes +€39,943
up €39,943 (+57.7%), from €69,252 to €109,196
- Depreciation -€24,529
down €24,529 (-9.9%), from €248,878 to €224,349
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.
Result 2024
€172,407
Gross operating margin
-€5,276
Staff costs
+€113,943
Depreciation
+€24,529
Other operating charges
-€2,546
Financial income
+€5,015
Financial charges
+€1,651
Taxes
-€39,943
Result 2025
€269,780
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.
From operations
+€471,440
Investment
-€513,277
Financing
+€193,490
Cash 2024
€26,007
From operations (derived)
+€471,440
Net result for the year
+€269,780
Depreciation
+€224,349
Stocks and contracts
-€678
Receivables within one year
-€81,409
Deferred charges and accrued income
+€1,770
Trade debts
+€12,807
Tax, wage and social debts
+€33,836
Other debts
-€12,862
Accrued charges and deferred income
+€23,848
Investment (derived)
-€513,277
Investment in fixed assets (net)
-€513,277
Financing
+€193,490
Debts after one year
+€261,722
Current portion of long-term debt
+€4,447
Short-term financial debts
-€64
Contributions, distributions and other
-€72,615
Cash 2025
€177,660
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,160,519 | €3,681,418 | +€520,898 | +16.5% |
| Fixed assets | 21/28 | €2,608,083 | €2,897,012 | +€288,929 | +11.1% |
| Intangible fixed assets | 21 | €9,652 | €4,663 | -€4,989 | -51.7% |
| Tangible fixed assets | 22/27 | €1,763,195 | €2,057,112 | +€293,917 | +16.7% |
| Land and buildings | 22 | €1,448,929 | €1,788,795 | +€339,866 | +23.5% |
| Plant, machinery and equipment | 23 | €70,262 | €81,900 | +€11,638 | +16.6% |
| Furniture and vehicles | 24 | €30,511 | €24,632 | -€5,879 | -19.3% |
| Leasing and similar rights | 25 | €213,493 | €161,785 | -€51,708 | -24.2% |
| Financial fixed assets | 28 | €835,237 | €835,237 | = | 0.0% |
| Current assets | 29/58 | €552,436 | €784,406 | +€231,970 | +42.0% |
| Amounts receivable after more than one year | 29 | €330,900 | €330,900 | = | 0.0% |
| Other amounts receivable | 291 | €330,900 | €330,900 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,883 | €3,561 | +€678 | +23.5% |
| Stocks | 30/36 | €2,883 | €3,561 | +€678 | +23.5% |
| Amounts receivable within one year | 40/41 | €168,616 | €250,025 | +€81,409 | +48.3% |
| Trade receivables | 40 | €20,712 | €19,439 | -€1,273 | -6.1% |
| Other amounts receivable | 41 | €147,904 | €230,586 | +€82,682 | +55.9% |
| Cash at bank and in hand | 54/58 | €26,007 | €177,660 | +€151,652 | +583.1% |
| Deferred charges and accrued income | 490/1 | €24,029 | €22,259 | -€1,770 | -7.4% |
| Total equity and liabilities | 10/49 | €3,160,519 | €3,681,418 | +€520,898 | +16.5% |
| Equity | 10/15 | €1,332,220 | €1,529,384 | +€197,165 | +14.8% |
| Contributions | 10/11 | €351,565 | €351,565 | = | 0.0% |
| Reserves | 13 | €966,513 | €1,163,598 | +€197,085 | +20.4% |
| Distributable reserves | 133 | €966,513 | €1,163,598 | +€197,085 | +20.4% |
| Profit (loss) carried forward | 14 | €14,142 | €14,221 | +€80 | +0.6% |
| Amounts payable | 17/49 | €1,828,300 | €2,152,033 | +€323,734 | +17.7% |
| Amounts payable after more than one year | 17 | €948,530 | €1,210,252 | +€261,722 | +27.6% |
| Financial debts | 170/4 | €948,530 | €1,210,252 | +€261,722 | +27.6% |
| Amounts payable within one year | 42/48 | €506,345 | €544,509 | +€38,164 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €237,720 | €242,167 | +€4,447 | +1.9% |
| Financial debts | 43 | €43,523 | €43,460 | -€64 | -0.1% |
| Other loans | 439 | €43,523 | €43,460 | -€64 | -0.1% |
| Trade debts | 44 | €57,636 | €70,443 | +€12,807 | +22.2% |
| Suppliers | 440/4 | €57,636 | €70,443 | +€12,807 | +22.2% |
| Taxes, remuneration and social security | 45 | €82,685 | €116,520 | +€33,836 | +40.9% |
| Taxes | 450/3 | €17,856 | €52,556 | +€34,700 | +194.3% |
| Remuneration and social security | 454/9 | €64,828 | €63,964 | -€864 | -1.3% |
| Other amounts payable | 47/48 | €84,781 | €71,920 | -€12,862 | -15.2% |
| Accrued charges and deferred income | 492/3 | €373,424 | €397,272 | +€23,848 | +6.4% |
| Non-recurring operating income | 76A | €44,300 | €1,250 | -€43,050 | -97.2% |
| Remuneration, social security and pensions | 62 | €526,542 | €412,599 | -€113,943 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,878 | €224,349 | -€24,529 | -9.9% |
| Other operating charges | 640/8 | €14,745 | €17,290 | +€2,546 | +17.3% |
| Gross operating margin | 9900 | €1,065,690 | €1,060,414 | -€5,276 | -0.5% |
| Operating profit (loss) | 9901 | €275,525 | €406,176 | +€130,650 | +47.4% |
| Financial income | 75/76B | €13,388 | €18,402 | +€5,015 | +37.5% |
| Recurring financial income | 75 | €13,388 | €18,402 | +€5,015 | +37.5% |
| Financial charges | 65/66B | €47,254 | €45,603 | -€1,651 | -3.5% |
| Recurring financial charges | 65 | €47,254 | €45,603 | -€1,651 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €241,659 | €378,975 | +€137,316 | +56.8% |
| Income taxes | 67/77 | €69,252 | €109,196 | +€39,943 | +57.7% |
| Profit (loss) for the period | 9904 | €172,407 | €269,780 | +€97,373 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €172,407 | €269,780 | +€97,373 | +56.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.