VISION INVEST: what changed
What changed
VISION INVEST
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€48,755
2024 · €40,190+€8,565
Equity
€129,205
2024 · €123,610+€5,595
Cash
€28,924
2024 · €32,450-€3,526
Balance sheet total
€246,468
2024 · €253,171-€6,702
Largest movements
Assets
- Receivables within one year -€3,965
down €3,965 (-21.2%), from €18,669 to €14,704
of which Other amounts receivable: -€4,147
- Cash -€3,526
down €3,526 (-10.9%), from €32,450 to €28,924
mainly Contributions, distributions and other (-€43,159) and Debts after one year (-€28,389)
Equity and liabilities
- Debts after one year -€28,389
down €28,389 (-72.3%), from €39,263 to €10,874
- Other debts +€8,982
up €8,982 (+26.1%), from €34,407 to €43,389
- Reserves +€5,595
up €5,595 (+4.8%), from €117,410 to €123,005
- Current portion of long-term debt +€5,173
up €5,173 (+13.8%), from €37,598 to €42,771
Income statement
- Depreciation -€5,879
down €5,879 (-76.3%), from €7,710 to €1,831
- Gross operating margin +€3,829
up €3,829 (+4.9%), from €77,735 to €81,564
- Taxes +€1,289
up €1,289 (+5.5%), from €23,640 to €24,929
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€40,190
Gross operating margin
+€3,829
Depreciation
+€5,879
Other operating charges
-€23
Other operating items
-€106
Financial income
-€200
Financial charges
+€475
Taxes
-€1,289
Result 2025
€48,755
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€65,080
Investment
-€2,231
Financing
-€66,375
Cash 2024
€32,450
From operations (derived)
+€65,080
Net result for the year
+€48,755
Depreciation
+€1,831
Receivables within one year
+€3,965
Deferred charges and accrued income
-€388
Trade debts
+€1,620
Tax, wage and social debts
+€457
Other debts
+€8,982
Accrued charges and deferred income
-€141
Investment (derived)
-€2,231
Investment in fixed assets (net)
-€2,231
Financing
-€66,375
Debts after one year
-€28,389
Current portion of long-term debt
+€5,173
Contributions, distributions and other
-€43,159
Cash 2025
€28,924
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,171 | €246,468 | -€6,702 | -2.6% |
| Fixed assets | 21/28 | €201,736 | €202,136 | +€400 | +0.2% |
| Tangible fixed assets | 22/27 | €1,816 | €2,216 | +€400 | +22.0% |
| Furniture and vehicles | 24 | €1,816 | €2,216 | +€400 | +22.0% |
| Financial fixed assets | 28 | €199,920 | €199,920 | = | 0.0% |
| Current assets | 29/58 | €51,435 | €44,333 | -€7,102 | -13.8% |
| Amounts receivable within one year | 40/41 | €18,669 | €14,704 | -€3,965 | -21.2% |
| Trade receivables | 40 | €14,520 | €14,703 | +€183 | +1.3% |
| Other amounts receivable | 41 | €4,149 | €1 | -€4,147 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,450 | €28,924 | -€3,526 | -10.9% |
| Deferred charges and accrued income | 490/1 | €316 | €704 | +€388 | +123% |
| Total equity and liabilities | 10/49 | €253,171 | €246,468 | -€6,702 | -2.6% |
| Equity | 10/15 | €123,610 | €129,205 | +€5,595 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,410 | €123,005 | +€5,595 | +4.8% |
| Distributable reserves | 133 | €117,410 | €123,005 | +€5,595 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €129,561 | €117,264 | -€12,297 | -9.5% |
| Amounts payable after more than one year | 17 | €39,263 | €10,874 | -€28,389 | -72.3% |
| Financial debts | 170/4 | €39,263 | €10,874 | -€28,389 | -72.3% |
| Amounts payable within one year | 42/48 | €90,157 | €106,389 | +€16,232 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €37,598 | €42,771 | +€5,173 | +13.8% |
| Trade debts | 44 | €1,076 | €2,696 | +€1,620 | +151% |
| Suppliers | 440/4 | €1,076 | €2,696 | +€1,620 | +151% |
| Taxes, remuneration and social security | 45 | €17,077 | €17,533 | +€457 | +2.7% |
| Taxes | 450/3 | €17,077 | €17,533 | +€457 | +2.7% |
| Other amounts payable | 47/48 | €34,407 | €43,389 | +€8,982 | +26.1% |
| Accrued charges and deferred income | 492/3 | €141 | €0 | -€141 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,710 | €1,831 | -€5,879 | -76.3% |
| Other operating charges | 640/8 | €698 | €721 | +€23 | +3.3% |
| Non-recurring operating charges | 66A | - | €106 | +€106 | |
| Gross operating margin | 9900 | €77,735 | €81,564 | +€3,829 | +4.9% |
| Operating profit (loss) | 9901 | €69,326 | €78,906 | +€9,580 | +13.8% |
| Financial income | 75/76B | €207 | €7 | -€200 | -96.6% |
| Recurring financial income | 75 | €207 | €7 | -€200 | -96.6% |
| Financial charges | 65/66B | €5,704 | €5,229 | -€475 | -8.3% |
| Recurring financial charges | 65 | €5,704 | €5,229 | -€475 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €63,829 | €73,684 | +€9,854 | +15.4% |
| Income taxes | 67/77 | €23,640 | €24,929 | +€1,289 | +5.5% |
| Profit (loss) for the period | 9904 | €40,190 | €48,755 | +€8,565 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,190 | €48,755 | +€8,565 | +21.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.