Vision Mutatio: 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 Mutatio
Largest movements
- Receivables within one year +€14,869
up €14,869 (+491.8%), from €3,023 to €17,893
of which Trade receivables: +€14,766
- Cash +€2,661
up €2,661 (+26.2%), from €10,167 to €12,829
mainly Trade debts (+€7,419) and Net result for the year (+€5,948)
- Deferred charges and accrued income -€1,229
down €1,229 (-46.8%), from €2,625 to €1,396
- Trade debts +€7,419
up €7,419 (+1293.3%), from €574 to €7,993
- Profit (loss) carried forward +€5,948
new in 2025: €5,948
- Other debts +€1,667
up €1,667 (+16.6%), from €10,018 to €11,685
- Tax, wage and social debts +€1,489
up €1,489 (+86.1%), from €1,730 to €3,219
- Gross operating margin +€21,941
up €21,941, from -€12,160 to €9,781
- Write-downs +€1,408
new in 2025: €1,408
- Financial charges -€231
down €231 (-18.1%), from €1,276 to €1,045
- Other operating charges +€133
up €133 (+65.7%), from €202 to €335
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 | €16,939 | €33,490 | +€16,552 | +97.7% |
| Fixed assets | 21/28 | €1,123 | €1,373 | +€250 | +22.2% |
| Tangible fixed assets | 22/27 | €1,123 | €1,373 | +€250 | +22.2% |
| Plant, machinery and equipment | 23 | €1,123 | €1,373 | +€250 | +22.2% |
| Current assets | 29/58 | €15,815 | €32,117 | +€16,302 | +103.1% |
| Amounts receivable within one year | 40/41 | €3,023 | €17,893 | +€14,869 | +491.8% |
| Trade receivables | 40 | €1,953 | €16,719 | +€14,766 | +756.3% |
| Other amounts receivable | 41 | €1,071 | €1,174 | +€103 | +9.6% |
| Cash at bank and in hand | 54/58 | €10,167 | €12,829 | +€2,661 | +26.2% |
| Deferred charges and accrued income | 490/1 | €2,625 | €1,396 | -€1,229 | -46.8% |
| Total equity and liabilities | 10/49 | €16,939 | €33,490 | +€16,552 | +97.7% |
| Equity | 10/15 | €3,612 | €9,560 | +€5,948 | +164.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €612 | €612 | = | 0.0% |
| Distributable reserves | 133 | €612 | €612 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €5,948 | +€5,948 | |
| Amounts payable | 17/49 | €13,327 | €23,931 | +€10,604 | +79.6% |
| Amounts payable within one year | 42/48 | €12,322 | €22,897 | +€10,575 | +85.8% |
| Trade debts | 44 | €574 | €7,993 | +€7,419 | +1293.3% |
| Suppliers | 440/4 | €574 | €7,993 | +€7,419 | +1293.3% |
| Taxes, remuneration and social security | 45 | €1,730 | €3,219 | +€1,489 | +86.1% |
| Taxes | 450/3 | €1,730 | €3,219 | +€1,489 | +86.1% |
| Other amounts payable | 47/48 | €10,018 | €11,685 | +€1,667 | +16.6% |
| Accrued charges and deferred income | 492/3 | €1,006 | €1,034 | +€29 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €809 | €895 | +€87 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,408 | +€1,408 | |
| Other operating charges | 640/8 | €202 | €335 | +€133 | +65.7% |
| Gross operating margin | 9900 | -€12,160 | €9,781 | +€21,941 | |
| Operating profit (loss) | 9901 | -€13,171 | €7,143 | +€20,314 | |
| Financial income | 75/76B | €2 | €3 | +€1 | +34.6% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +34.6% |
| Financial charges | 65/66B | €1,276 | €1,045 | -€231 | -18.1% |
| Recurring financial charges | 65 | €1,276 | €1,045 | -€231 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,445 | €6,101 | +€20,545 | |
| Income taxes | 67/77 | €154 | €153 | -€1 | -0.6% |
| Profit (loss) for the period | 9904 | -€14,598 | €5,948 | +€20,546 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,598 | €5,948 | +€20,546 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.