VISION BD: 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 BD
Largest movements
- Cash -€11,126
down €11,126 (-33.8%), from €32,936 to €21,810
mainly Contributions, distributions and other (-€18,600) and Tax, wage and social debts (-€2,445)
- Tangible fixed assets -€1,691
down €1,691 (-72.2%), from €2,343 to €651
of which Plant, machinery and equipment: -€1,526
- Deferred charges and accrued income -€1,057
down €1,057 (-54.7%), from €1,934 to €877
- Stocks and contracts -€898
down €898 (-9.8%), from €9,148 to €8,250
- Receivables within one year -€870
down €870 (-13.8%), from €6,324 to €5,454
of which Trade receivables: -€4,761
- Contributions -€18,600
down €18,600 (-100.0%), from €18,600 to €0
- Trade debts +€3,619
up €3,619 (+76.4%), from €4,734 to €8,353
- Tax, wage and social debts -€2,445
down €2,445 (-31.2%), from €7,834 to €5,389
of which Taxes: -€2,919
- Reserves +€1,173
up €1,173 (+7.1%), from €16,636 to €17,809
of which Distributable reserves: +€3,033
- Advances received +€574
new in 2025: €574
- Gross operating margin -€22,399
down €22,399 (-67.2%), from €33,325 to €10,926
- Taxes -€5,592
down €5,592 (-79.0%), from €7,081 to €1,488
- Staff costs +€3,932
new in 2025: €3,932
- Write-downs -€2,149
down €2,149 (-100.0%), from €2,149 to €0
- Other operating charges +€785
up €785 (+38.8%), from €2,021 to €2,805
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 | €56,285 | €40,747 | -€15,538 | -27.6% |
| Fixed assets | 21/28 | €5,943 | €4,356 | -€1,587 | -26.7% |
| Tangible fixed assets | 22/27 | €2,343 | €651 | -€1,691 | -72.2% |
| Plant, machinery and equipment | 23 | €2,177 | €651 | -€1,526 | -70.1% |
| Furniture and vehicles | 24 | €166 | €0 | -€166 | -100.0% |
| Financial fixed assets | 28 | €3,600 | €3,705 | +€105 | +2.9% |
| Current assets | 29/58 | €50,342 | €36,390 | -€13,952 | -27.7% |
| Stocks and contracts in progress | 3 | €9,148 | €8,250 | -€898 | -9.8% |
| Stocks | 30/36 | €9,148 | €8,250 | -€898 | -9.8% |
| Amounts receivable within one year | 40/41 | €6,324 | €5,454 | -€870 | -13.8% |
| Trade receivables | 40 | €5,291 | €530 | -€4,761 | -90.0% |
| Other amounts receivable | 41 | €1,033 | €4,923 | +€3,891 | +376.8% |
| Cash at bank and in hand | 54/58 | €32,936 | €21,810 | -€11,126 | -33.8% |
| Deferred charges and accrued income | 490/1 | €1,934 | €877 | -€1,057 | -54.7% |
| Total equity and liabilities | 10/49 | €56,285 | €40,747 | -€15,538 | -27.6% |
| Equity | 10/15 | €36,346 | €18,919 | -€17,427 | -47.9% |
| Contributions | 10/11 | €18,600 | €0 | -€18,600 | -100.0% |
| Reserves | 13 | €16,636 | €17,809 | +€1,173 | +7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €14,776 | €17,809 | +€3,033 | +20.5% |
| Profit (loss) carried forward | 14 | €1,110 | €1,110 | = | 0.0% |
| Amounts payable | 17/49 | €19,939 | €21,828 | +€1,888 | +9.5% |
| Amounts payable within one year | 42/48 | €19,939 | €21,828 | +€1,888 | +9.5% |
| Financial debts | 43 | €243 | €0 | -€243 | -100.0% |
| Other loans | 439 | €243 | €0 | -€243 | -100.0% |
| Trade debts | 44 | €4,734 | €8,353 | +€3,619 | +76.4% |
| Suppliers | 440/4 | €4,734 | €8,353 | +€3,619 | +76.4% |
| Advances received on contracts in progress | 46 | - | €574 | +€574 | |
| Taxes, remuneration and social security | 45 | €7,834 | €5,389 | -€2,445 | -31.2% |
| Taxes | 450/3 | €7,834 | €4,915 | -€2,919 | -37.3% |
| Remuneration and social security | 454/9 | - | €474 | +€474 | |
| Other amounts payable | 47/48 | €7,129 | €7,512 | +€383 | +5.4% |
| Non-recurring operating income | 76A | €211 | - | -€211 | |
| Remuneration, social security and pensions | 62 | - | €3,932 | +€3,932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,526 | €1,526 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,149 | €0 | -€2,149 | -100.0% |
| Other operating charges | 640/8 | €2,021 | €2,805 | +€785 | +38.8% |
| Gross operating margin | 9900 | €33,325 | €10,926 | -€22,399 | -67.2% |
| Operating profit (loss) | 9901 | €27,630 | €2,663 | -€24,967 | -90.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -90.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -90.1% |
| Financial charges | 65/66B | €774 | €1 | -€773 | -99.8% |
| Recurring financial charges | 65 | €774 | €1 | -€773 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €26,856 | €2,661 | -€24,195 | -90.1% |
| Income taxes | 67/77 | €7,081 | €1,488 | -€5,592 | -79.0% |
| Profit (loss) for the period | 9904 | €19,776 | €1,173 | -€18,603 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,776 | €1,173 | -€18,603 | -94.1% |
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 30 September 2026 via checked.be.