VISION RÉNOVATION: 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 RÉNOVATION
Largest movements
- Tangible fixed assets -€20,852
down €20,852 (-18.4%), from €113,442 to €92,590
of which Furniture and vehicles: -€18,019
- Receivables within one year +€11,341
up €11,341 (+262%), from €4,324 to €15,665
of which Trade receivables: +€11,832
- Deferred charges and accrued income +€2,895
up €2,895 (+523%), from €553 to €3,448
- Cash -€2,704
down €2,704 (-46.2%), from €5,858 to €3,153
mainly Other debts (-€13,230) and Receivables within one year (-€11,341)
- Other debts -€13,230
down €13,230 (-77.6%), from €17,054 to €3,824
- Debts after one year -€9,608
down €9,608 (-24.9%), from €38,646 to €29,038
- Reserves +€9,000
up €9,000 (+30.0%), from €30,000 to €39,000
- Trade debts +€4,959
up €4,959 (+2,062%), from €241 to €5,200
- Tax, wage and social debts -€1,336
down €1,336 (-11.1%), from €12,064 to €10,729
of which Remuneration and social security: -€3,200
- Gross operating margin -€26,816
down €26,816 (-37.3%), from €71,880 to €45,064
- Depreciation +€13,304
up €13,304 (+89.9%), from €14,794 to €28,099
- Taxes -€5,228
down €5,228 (-59.2%), from €8,825 to €3,597
- Financial charges +€1,319
up €1,319 (+74.7%), from €1,764 to €3,083
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.
Derived cash bridge
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 | €124,237 | €114,916 | -€9,321 | -7.5% |
| Fixed assets | 21/28 | €113,502 | €92,650 | -€20,852 | -18.4% |
| Tangible fixed assets | 22/27 | €113,442 | €92,590 | -€20,852 | -18.4% |
| Plant, machinery and equipment | 23 | €33,050 | €30,216 | -€2,833 | -8.6% |
| Furniture and vehicles | 24 | €80,392 | €62,373 | -€18,019 | -22.4% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €10,735 | €22,266 | +€11,531 | +107% |
| Amounts receivable within one year | 40/41 | €4,324 | €15,665 | +€11,341 | +262% |
| Trade receivables | 40 | €1,448 | €13,280 | +€11,832 | +817% |
| Other amounts receivable | 41 | €2,876 | €2,385 | -€491 | -17.1% |
| Cash at bank and in hand | 54/58 | €5,858 | €3,153 | -€2,704 | -46.2% |
| Deferred charges and accrued income | 490/1 | €553 | €3,448 | +€2,895 | +523% |
| Total equity and liabilities | 10/49 | €124,237 | €114,916 | -€9,321 | -7.5% |
| Equity | 10/15 | €47,093 | €56,517 | +€9,425 | +20.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €39,000 | +€9,000 | +30.0% |
| Distributable reserves | 133 | €30,000 | €39,000 | +€9,000 | +30.0% |
| Profit (loss) carried forward | 14 | €14,093 | €14,517 | +€425 | +3.0% |
| Amounts payable | 17/49 | €77,144 | €58,398 | -€18,746 | -24.3% |
| Amounts payable after more than one year | 17 | €38,646 | €29,038 | -€9,608 | -24.9% |
| Financial debts | 170/4 | €38,646 | €29,038 | -€9,608 | -24.9% |
| Amounts payable within one year | 42/48 | €38,498 | €29,360 | -€9,138 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €9,140 | €9,608 | +€468 | +5.1% |
| Trade debts | 44 | €241 | €5,200 | +€4,959 | +2,062% |
| Suppliers | 440/4 | €241 | €5,200 | +€4,959 | +2,062% |
| Taxes, remuneration and social security | 45 | €12,064 | €10,729 | -€1,336 | -11.1% |
| Taxes | 450/3 | €8,864 | €10,729 | +€1,864 | +21.0% |
| Remuneration and social security | 454/9 | €3,200 | - | -€3,200 | |
| Other amounts payable | 47/48 | €17,054 | €3,824 | -€13,230 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,794 | €28,099 | +€13,304 | +89.9% |
| Other operating charges | 640/8 | €696 | €1,228 | +€531 | +76.3% |
| Gross operating margin | 9900 | €71,880 | €45,064 | -€26,816 | -37.3% |
| Operating profit (loss) | 9901 | €56,389 | €15,738 | -€40,651 | -72.1% |
| Financial income | 75/76B | €16 | €366 | +€351 | +2,245% |
| Recurring financial income | 75 | €16 | €366 | +€351 | +2,245% |
| Financial charges | 65/66B | €1,764 | €3,083 | +€1,319 | +74.7% |
| Recurring financial charges | 65 | €1,764 | €3,083 | +€1,319 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €54,640 | €13,021 | -€41,619 | -76.2% |
| Income taxes | 67/77 | €8,825 | €3,597 | -€5,228 | -59.2% |
| Profit (loss) for the period | 9904 | €45,816 | €9,425 | -€36,391 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,816 | €9,425 | -€36,391 | -79.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.