VISION STAY: 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 STAY
Largest movements
- Receivables within one year +€48,678
up €48,678 (+14.9%), from €326,940 to €375,618
of which Trade receivables: +€34,639
- Cash -€7,687
down €7,687 (-42.0%), from €18,306 to €10,619
mainly Receivables within one year (-€48,678) and Trade debts (-€11,422)
- Profit (loss) carried forward +€51,275
up €51,275 (+22.1%), from €232,436 to €283,711
- Trade debts -€11,422
down €11,422 (-33.7%), from €33,913 to €22,491
- Gross operating margin +€7,258
up €7,258 (+14.6%), from €49,615 to €56,873
- Taxes +€1,755
up €1,755 (+10.4%), from €16,911 to €18,665
- Financial income +€587
up €587 (+4.4%), from €13,421 to €14,008
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 | €359,278 | €400,856 | +€41,579 | +11.6% |
| Current assets | 29/58 | €359,278 | €400,856 | +€41,579 | +11.6% |
| Amounts receivable within one year | 40/41 | €326,940 | €375,618 | +€48,678 | +14.9% |
| Trade receivables | 40 | €52,550 | €87,189 | +€34,639 | +65.9% |
| Other amounts receivable | 41 | €274,390 | €288,428 | +€14,039 | +5.1% |
| Cash at bank and in hand | 54/58 | €18,306 | €10,619 | -€7,687 | -42.0% |
| Deferred charges and accrued income | 490/1 | €14,032 | €14,620 | +€587 | +4.2% |
| Total equity and liabilities | 10/49 | €359,278 | €400,856 | +€41,579 | +11.6% |
| Equity | 10/15 | €308,425 | €359,700 | +€51,275 | +16.6% |
| Contributions | 10/11 | €13,408 | €13,408 | = | 0.0% |
| Capital | 10 | €13,408 | €13,408 | = | 0.0% |
| Issued capital | 100 | €13,408 | €13,408 | = | 0.0% |
| Reserves | 13 | €62,582 | €62,582 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,054 | €7,054 | = | 0.0% |
| Legal reserve | 130 | €7,054 | €7,054 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,156 | €35,156 | = | 0.0% |
| Distributable reserves | 133 | €20,372 | €20,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,436 | €283,711 | +€51,275 | +22.1% |
| Amounts payable | 17/49 | €50,853 | €41,156 | -€9,697 | -19.1% |
| Amounts payable within one year | 42/48 | €50,853 | €41,156 | -€9,697 | -19.1% |
| Trade debts | 44 | €33,913 | €22,491 | -€11,422 | -33.7% |
| Suppliers | 440/4 | €33,913 | €22,491 | -€11,422 | -33.7% |
| Taxes, remuneration and social security | 45 | €16,940 | €18,665 | +€1,726 | +10.2% |
| Taxes | 450/3 | €16,940 | €18,665 | +€1,726 | +10.2% |
| Other operating charges | 640/8 | €472 | €487 | +€15 | +3.2% |
| Gross operating margin | 9900 | €49,615 | €56,873 | +€7,258 | +14.6% |
| Operating profit (loss) | 9901 | €49,142 | €56,385 | +€7,243 | +14.7% |
| Financial income | 75/76B | €13,421 | €14,008 | +€587 | +4.4% |
| Recurring financial income | 75 | €13,421 | €14,008 | +€587 | +4.4% |
| Financial charges | 65/66B | €399 | €452 | +€54 | +13.5% |
| Recurring financial charges | 65 | €399 | €452 | +€54 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €62,165 | €69,941 | +€7,776 | +12.5% |
| Income taxes | 67/77 | €16,911 | €18,665 | +€1,755 | +10.4% |
| Profit (loss) for the period | 9904 | €45,254 | €51,275 | +€6,021 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,254 | €51,275 | +€6,021 | +13.3% |
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 23 October 2026 via checked.be.