Vision HC: 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.
What changed
Vision HC
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · -€1.2m+€44,836
Equity
€215.9m
2024 · €197.6m+€18.4m
Cash
€61,994
2024 · €2,178+€59,816
Balance sheet total
€239.4m
2024 · €219.1m+€20.3m
Largest movements
Assets
- Financial fixed assets +€19.5m
up €19.5m (+8.9%), from €218.7m to €238.3m
of which Affiliated companies: +€19.5m
Equity and liabilities
- Contributions +€19.5m
up €19.5m (+9.7%), from €202.0m to €221.5m
Income statement
- Turnover +€3.3m
up €3.3m (+95.9%), from €3.5m to €6.8m
- Services and other goods +€3.2m
up €3.2m (+94.0%), from €3.4m to €6.6m
- Financial charges +€86,320
up €86,320 (+6.7%), from €1.3m to €1.4m
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
-€1.2m
Turnover
+€3.3m
Services and other goods
-€3.2m
Other operating charges
-€31
Financial income
+€2,730
Financial charges
-€86,320
Result 2025
-€1.2m
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
-€1.3m
Investment
-€19.5m
Financing
+€20.9m
Cash 2024
€2,178
From operations (derived)
-€1.3m
Net result for the year
-€1.2m
Receivables within one year
-€716,112
Smaller working-capital items
-€30,556
Tax, wage and social debts
+€208,286
Other debts
-€808,916
Accrued charges and deferred income
+€1.2m
Investment (derived)
-€19.5m
Investment in fixed assets (net)
-€19.5m
Financing
+€20.9m
Debts after one year
+€1.4m
Contributions, distributions and other
+€19.5m
Cash 2025
€61,994
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,096,253 | €239,444,116 | +€20.3m | +9.3% |
| Fixed assets | 21/28 | €218,748,824 | €238,285,107 | +€19.5m | +8.9% |
| Financial fixed assets | 28 | €218,748,824 | €238,285,107 | +€19.5m | +8.9% |
| Affiliated companies | 280/1 | €218,745,612 | €238,281,895 | +€19.5m | +8.9% |
| Participating interests | 280 | €218,745,612 | €238,281,895 | +€19.5m | +8.9% |
| Other financial fixed assets | 284/8 | €3,212 | €3,212 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,212 | €3,212 | = | 0.0% |
| Current assets | 29/58 | €347,429 | €1,159,009 | +€811,580 | +233.6% |
| Amounts receivable within one year | 40/41 | €263,170 | €979,282 | +€716,112 | +272.1% |
| Trade receivables | 40 | €263,170 | €979,282 | +€716,112 | +272.1% |
| Cash at bank and in hand | 54/58 | €2,178 | €61,994 | +€59,816 | +2746.6% |
| Deferred charges and accrued income | 490/1 | €82,081 | €117,733 | +€35,652 | +43.4% |
| Total equity and liabilities | 10/49 | €219,096,253 | €239,444,116 | +€20.3m | +9.3% |
| Equity | 10/15 | €197,555,904 | €215,916,719 | +€18.4m | +9.3% |
| Contributions | 10/11 | €201,968,639 | €221,504,922 | +€19.5m | +9.7% |
| Reserves | 13 | €872,074 | €872,074 | = | 0.0% |
| Distributable reserves | 133 | €872,074 | €872,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,284,809 | -€6,460,277 | -€1.2m | -22.2% |
| Amounts payable | 17/49 | €21,540,348 | €23,527,397 | +€2.0m | +9.2% |
| Amounts payable after more than one year | 17 | €19,287,753 | €20,637,895 | +€1.4m | +7.0% |
| Financial debts | 170/4 | €19,287,753 | €20,637,895 | +€1.4m | +7.0% |
| Other loans | 174 | €19,287,753 | €20,637,895 | +€1.4m | +7.0% |
| Amounts payable within one year | 42/48 | €1,896,566 | €1,301,032 | -€595,534 | -31.4% |
| Trade debts | 44 | €197,044 | €202,140 | +€5,096 | +2.6% |
| Suppliers | 440/4 | €197,044 | €202,140 | +€5,096 | +2.6% |
| Taxes, remuneration and social security | 45 | €36,891 | €245,177 | +€208,286 | +564.6% |
| Taxes | 450/3 | €36,891 | €245,177 | +€208,286 | +564.6% |
| Other amounts payable | 47/48 | €1,662,631 | €853,716 | -€808,916 | -48.7% |
| Accrued charges and deferred income | 492/3 | €356,030 | €1,588,470 | +€1.2m | +346.2% |
| Operating income | 70/76A | €3,452,318 | €6,762,736 | +€3.3m | +95.9% |
| Turnover | 70 | €3,452,318 | €6,762,736 | +€3.3m | +95.9% |
| Other operating income | 74 | €0 | - | = | |
| Operating charges | 60/66A | €3,387,106 | €6,569,097 | +€3.2m | +93.9% |
| Services and other goods | 61 | €3,386,139 | €6,568,098 | +€3.2m | +94.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | €65,212 | €193,639 | +€128,427 | +196.9% |
| Financial income | 75/76B | €883 | €3,613 | +€2,730 | +309.1% |
| Recurring financial income | 75 | €883 | €3,613 | +€2,730 | +309.1% |
| Other financial income | 752/9 | €883 | €3,613 | +€2,730 | +309.1% |
| Financial charges | 65/66B | €1,286,400 | €1,372,720 | +€86,320 | +6.7% |
| Recurring financial charges | 65 | €1,286,400 | €1,372,720 | +€86,320 | +6.7% |
| Debt charges | 650 | €1,284,331 | €1,370,052 | +€85,721 | +6.7% |
| Other financial charges | 652/9 | €2,068 | €2,668 | +€600 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,220,305 | -€1,175,468 | +€44,836 | +3.7% |
| Profit (loss) for the period | 9904 | -€1,220,305 | -€1,175,468 | +€44,836 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,220,305 | -€1,175,468 | +€44,836 | +3.7% |
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 10 October 2026 via checked.be.