VISION CL IMMO: 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 CL IMMO
Largest movements
- Tangible fixed assets -€39,714
down €39,714 (-2.9%), from €1.4m to €1.3m
of which Land and buildings: -€39,714
- Cash +€34,436
up €34,436 (+103.5%), from €33,262 to €67,698
mainly Depreciation (+€67,595) and Net result for the year (+€61,079)
- Receivables within one year -€30,453
down €30,453 (-98.4%), from €30,943 to €490
of which Other amounts receivable: -€18,025
- Debts after one year -€67,986
down €67,986 (-11.6%), from €586,444 to €518,458
- Reserves +€61,079
up €61,079 (+19.2%), from €317,592 to €378,671
of which Distributable reserves: +€63,774
- Tax, wage and social debts -€38,585
down €38,585 (-93.5%), from €41,258 to €2,672
- Trade debts -€15,586
down €15,586 (-76.9%), from €20,260 to €4,674
- Gross operating margin +€38,339
up €38,339 (+21.8%), from €175,845 to €214,184
- Depreciation -€22,795
down €22,795 (-25.2%), from €90,391 to €67,595
- Taxes +€19,443
up €19,443 (+1308.9%), from €1,486 to €20,929
- Financial charges -€7,835
down €7,835 (-19.3%), from €40,638 to €32,803
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 | €1,429,094 | €1,397,671 | -€31,423 | -2.2% |
| Fixed assets | 21/28 | €1,361,136 | €1,321,422 | -€39,714 | -2.9% |
| Tangible fixed assets | 22/27 | €1,361,136 | €1,321,422 | -€39,714 | -2.9% |
| Land and buildings | 22 | €1,361,136 | €1,321,422 | -€39,714 | -2.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €67,958 | €76,249 | +€8,291 | +12.2% |
| Amounts receivable within one year | 40/41 | €30,943 | €490 | -€30,453 | -98.4% |
| Trade receivables | 40 | €12,429 | €0 | -€12,429 | -100.0% |
| Other amounts receivable | 41 | €18,514 | €490 | -€18,025 | -97.4% |
| Cash at bank and in hand | 54/58 | €33,262 | €67,698 | +€34,436 | +103.5% |
| Deferred charges and accrued income | 490/1 | €3,753 | €8,061 | +€4,308 | +114.8% |
| Total equity and liabilities | 10/49 | €1,429,094 | €1,397,671 | -€31,423 | -2.2% |
| Equity | 10/15 | €377,592 | €438,671 | +€61,079 | +16.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €317,592 | €378,671 | +€61,079 | +19.2% |
| Tax-exempt reserves | 132 | €61,733 | €59,039 | -€2,694 | -4.4% |
| Distributable reserves | 133 | €255,859 | €319,633 | +€63,774 | +24.9% |
| Provisions and deferred taxes | 16 | €20,578 | €19,680 | -€898 | -4.4% |
| Deferred taxes | 168 | €20,578 | €19,680 | -€898 | -4.4% |
| Amounts payable | 17/49 | €1,030,924 | €939,320 | -€91,604 | -8.9% |
| Amounts payable after more than one year | 17 | €586,444 | €518,458 | -€67,986 | -11.6% |
| Financial debts | 170/4 | €586,444 | €518,458 | -€67,986 | -11.6% |
| Amounts payable within one year | 42/48 | €442,896 | €405,278 | -€37,618 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €66,540 | €67,986 | +€1,446 | +2.2% |
| Financial debts | 43 | - | €6,728 | +€6,728 | |
| Credit institutions | 430/8 | - | €6,728 | +€6,728 | |
| Trade debts | 44 | €20,260 | €4,674 | -€15,586 | -76.9% |
| Suppliers | 440/4 | €20,260 | €4,674 | -€15,586 | -76.9% |
| Taxes, remuneration and social security | 45 | €41,258 | €2,672 | -€38,585 | -93.5% |
| Taxes | 450/3 | €41,258 | €2,672 | -€38,585 | -93.5% |
| Other amounts payable | 47/48 | €314,839 | €323,217 | +€8,378 | +2.7% |
| Accrued charges and deferred income | 492/3 | €1,584 | €15,584 | +€14,000 | +883.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,391 | €67,595 | -€22,795 | -25.2% |
| Other operating charges | 640/8 | €33,022 | €32,676 | -€346 | -1.0% |
| Gross operating margin | 9900 | €175,845 | €214,184 | +€38,339 | +21.8% |
| Operating profit (loss) | 9901 | €52,433 | €113,912 | +€61,480 | +117.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €40,638 | €32,803 | -€7,835 | -19.3% |
| Recurring financial charges | 65 | €40,638 | €32,803 | -€7,835 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €11,795 | €81,110 | +€69,315 | +587.7% |
| Transfer from deferred taxes | 780 | €865 | €898 | +€33 | +3.8% |
| Income taxes | 67/77 | €1,486 | €20,929 | +€19,443 | +1308.9% |
| Profit (loss) for the period | 9904 | €11,175 | €61,079 | +€49,904 | +446.6% |
| Transfer from tax-exempt reserves | 789 | €2,596 | €2,694 | +€98 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,771 | €63,774 | +€50,003 | +363.1% |
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 12 October 2026 via checked.be.