VISION LOOK: 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 LOOK
Largest movements
- Cash +€22,620
up €22,620 (+42.4%), from €53,379 to €75,999
mainly Other debts (+€67,035) and Net result for the year (+€22,984)
- Tangible fixed assets +€8,101
new in 2025: €8,101
of which Furniture and vehicles: +€4,927
- Receivables within one year +€5,789
up €5,789 (+39.8%), from €14,546 to €20,335
of which Trade receivables: +€7,241
- Other debts +€67,035
up €67,035 (+291.0%), from €23,034 to €90,069
- Reserves -€39,666
down €39,666 (-36.1%), from €109,980 to €70,314
- Tax, wage and social debts +€6,918
up €6,918 (+198.2%), from €3,490 to €10,408
of which Remuneration and social security: +€4,418
- Gross operating margin +€41,400
up €41,400 (+133.3%), from €31,046 to €72,445
- Staff costs +€29,074
up €29,074 (+296.6%), from €9,801 to €38,875
- Taxes +€2,552
up €2,552 (+39.0%), from €6,548 to €9,100
- Financial income -€1,410
down €1,410 (-41.7%), from €3,383 to €1,974
- Depreciation +€726
new in 2025: €726
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 | €158,925 | €195,435 | +€36,510 | +23.0% |
| Fixed assets | 21/28 | - | €8,101 | +€8,101 | |
| Tangible fixed assets | 22/27 | - | €8,101 | +€8,101 | |
| Furniture and vehicles | 24 | - | €4,927 | +€4,927 | |
| Other tangible fixed assets | 26 | - | €3,174 | +€3,174 | |
| Current assets | 29/58 | €158,925 | €187,334 | +€28,409 | +17.9% |
| Amounts receivable after more than one year | 29 | €91,000 | €91,000 | = | 0.0% |
| Other amounts receivable | 291 | €91,000 | €91,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,546 | €20,335 | +€5,789 | +39.8% |
| Trade receivables | 40 | €13,094 | €20,335 | +€7,241 | +55.3% |
| Other amounts receivable | 41 | €1,452 | - | -€1,452 | |
| Cash at bank and in hand | 54/58 | €53,379 | €75,999 | +€22,620 | +42.4% |
| Total equity and liabilities | 10/49 | €158,925 | €195,435 | +€36,510 | +23.0% |
| Equity | 10/15 | €128,580 | €88,914 | -€39,666 | -30.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,980 | €70,314 | -€39,666 | -36.1% |
| Distributable reserves | 133 | €109,980 | €70,314 | -€39,666 | -36.1% |
| Amounts payable | 17/49 | €30,345 | €106,520 | +€76,175 | +251.0% |
| Amounts payable within one year | 42/48 | €30,345 | €106,520 | +€76,175 | +251.0% |
| Financial debts | 43 | €2,255 | €2,752 | +€496 | +22.0% |
| Other loans | 439 | €2,255 | €2,752 | +€496 | +22.0% |
| Trade debts | 44 | €1,566 | €3,292 | +€1,726 | +110.2% |
| Suppliers | 440/4 | €1,566 | €3,292 | +€1,726 | +110.2% |
| Taxes, remuneration and social security | 45 | €3,490 | €10,408 | +€6,918 | +198.2% |
| Taxes | 450/3 | €2,764 | €5,264 | +€2,499 | +90.4% |
| Remuneration and social security | 454/9 | €726 | €5,144 | +€4,418 | +608.9% |
| Other amounts payable | 47/48 | €23,034 | €90,069 | +€67,035 | +291.0% |
| Remuneration, social security and pensions | 62 | €9,801 | €38,875 | +€29,074 | +296.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €726 | +€726 | |
| Other operating charges | 640/8 | €661 | €600 | -€61 | -9.3% |
| Gross operating margin | 9900 | €31,046 | €72,445 | +€41,400 | +133.3% |
| Operating profit (loss) | 9901 | €20,583 | €32,244 | +€11,661 | +56.7% |
| Financial income | 75/76B | €3,383 | €1,974 | -€1,410 | -41.7% |
| Recurring financial income | 75 | €3,383 | €1,974 | -€1,410 | -41.7% |
| Financial charges | 65/66B | €1,877 | €2,134 | +€257 | +13.7% |
| Recurring financial charges | 65 | €1,877 | €2,134 | +€257 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €22,090 | €32,084 | +€9,994 | +45.2% |
| Income taxes | 67/77 | €6,548 | €9,100 | +€2,552 | +39.0% |
| Profit (loss) for the period | 9904 | €15,542 | €22,984 | +€7,442 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,542 | €22,984 | +€7,442 | +47.9% |
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 5 October 2026 via checked.be.