VISION AIR: 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 AIR
Largest movements
- Cash -€109,258
down €109,258 (-64.0%), from €170,831 to €61,574
mainly Contributions, distributions and other (-€56,081) and Receivables within one year (-€54,982)
- Receivables within one year +€54,982
up €54,982 (+103%), from €53,149 to €108,131
of which Other amounts receivable: +€40,311
- Current investments +€11,996
up €11,996 (+34.7%), from €34,600 to €46,596
- Tangible fixed assets -€6,017
down €6,017 (-16.4%), from €36,671 to €30,654
of which Furniture and vehicles: -€12,202
- Reserves -€33,867
down €33,867 (-11.6%), from €292,333 to €258,465
of which Distributable reserves: -€33,867
- Tax, wage and social debts -€9,231
down €9,231 (-42.7%), from €21,625 to €12,395
of which Remuneration and social security: -€10,500
- Current portion of long-term debt -€5,815
down €5,815 (-66.4%), from €8,751 to €2,936
- Gross operating margin +€17,266
up €17,266 (+45.8%), from €37,690 to €54,956
- Taxes +€10,084
up €10,084 (+144%), from €7,022 to €17,106
- Financial income +€2,932
up €2,932 (+157%), from €1,871 to €4,802
- Other operating charges +€2,663
up €2,663 (+371%), from €718 to €3,381
- Financial charges +€1,154
up €1,154 (+267%), from €433 to €1,587
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 | €348,212 | €299,534 | -€48,678 | -14.0% |
| Fixed assets | 21/28 | €36,686 | €30,669 | -€6,017 | -16.4% |
| Tangible fixed assets | 22/27 | €36,671 | €30,654 | -€6,017 | -16.4% |
| Plant, machinery and equipment | 23 | €3,648 | €7,740 | +€4,091 | +112% |
| Furniture and vehicles | 24 | €30,428 | €18,226 | -€12,202 | -40.1% |
| Other tangible fixed assets | 26 | €2,594 | €4,689 | +€2,094 | +80.7% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €311,526 | €268,865 | -€42,662 | -13.7% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,149 | €108,131 | +€54,982 | +103% |
| Trade receivables | 40 | €40,243 | €54,914 | +€14,671 | +36.5% |
| Other amounts receivable | 41 | €12,906 | €53,217 | +€40,311 | +312% |
| Current investments | 50/53 | €34,600 | €46,596 | +€11,996 | +34.7% |
| Cash at bank and in hand | 54/58 | €170,831 | €61,574 | -€109,258 | -64.0% |
| Deferred charges and accrued income | 490/1 | €2,946 | €2,564 | -€382 | -13.0% |
| Total equity and liabilities | 10/49 | €348,212 | €299,534 | -€48,678 | -14.0% |
| Equity | 10/15 | €310,933 | €277,065 | -€33,867 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €292,333 | €258,465 | -€33,867 | -11.6% |
| Tax-exempt reserves | 132 | €648 | €648 | = | 0.0% |
| Distributable reserves | 133 | €291,685 | €257,817 | -€33,867 | -11.6% |
| Amounts payable | 17/49 | €37,279 | €22,468 | -€14,811 | -39.7% |
| Amounts payable after more than one year | 17 | €2,936 | - | -€2,936 | |
| Financial debts | 170/4 | €2,936 | - | -€2,936 | |
| Amounts payable within one year | 42/48 | €32,998 | €18,036 | -€14,962 | -45.3% |
| Current portion of amounts payable after more than one year | 42 | €8,751 | €2,936 | -€5,815 | -66.4% |
| Trade debts | 44 | €2,622 | €2,706 | +€83 | +3.2% |
| Suppliers | 440/4 | €2,622 | €2,706 | +€83 | +3.2% |
| Taxes, remuneration and social security | 45 | €21,625 | €12,395 | -€9,231 | -42.7% |
| Taxes | 450/3 | €11,125 | €12,395 | +€1,269 | +11.4% |
| Remuneration and social security | 454/9 | €10,500 | - | -€10,500 | |
| Accrued charges and deferred income | 492/3 | €1,345 | €4,432 | +€3,087 | +229% |
| Non-recurring operating income | 76A | - | €4,349 | +€4,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,521 | €15,471 | -€1,050 | -6.4% |
| Other operating charges | 640/8 | €718 | €3,381 | +€2,663 | +371% |
| Gross operating margin | 9900 | €37,690 | €54,956 | +€17,266 | +45.8% |
| Operating profit (loss) | 9901 | €20,451 | €36,104 | +€15,653 | +76.5% |
| Financial income | 75/76B | €1,871 | €4,802 | +€2,932 | +157% |
| Recurring financial income | 75 | €1,871 | €4,802 | +€2,932 | +157% |
| Financial charges | 65/66B | €433 | €1,587 | +€1,154 | +267% |
| Recurring financial charges | 65 | €433 | €1,587 | +€1,154 | +267% |
| Profit (loss) for the period before taxes | 9903 | €21,889 | €39,319 | +€17,431 | +79.6% |
| Income taxes | 67/77 | €7,022 | €17,106 | +€10,084 | +144% |
| Profit (loss) for the period | 9904 | €14,867 | €22,213 | +€7,347 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,867 | €22,213 | +€7,347 | +49.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.