VISION TEAM: 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 TEAM
Largest movements
- Receivables within one year +€8,717
up €8,717 (+9.7%), from €89,664 to €98,381
of which Other amounts receivable: +€4,555
- Cash -€2,074
down €2,074 (-4.0%), from €52,385 to €50,311
mainly Receivables within one year (-€8,717) and Trade debts (-€2,208)
- Profit (loss) carried forward +€11,172
up €11,172 (+13.3%), from €84,136 to €95,308
- Trade debts -€2,208
down €2,208 (-5.1%), from €42,884 to €40,676
- Tax, wage and social debts -€1,620
down €1,620 (-14.5%), from €11,166 to €9,546
of which Taxes: -€1,620
- Gross operating margin -€11,355
down €11,355 (-43.6%), from €26,067 to €14,712
- Taxes -€1,620
down €1,620 (-29.1%), from €5,566 to €3,946
- Depreciation -€1,540
no longer reported in 2025 (was €1,540)
- Other operating charges +€1,289
new in 2025: €1,289
- Financial income +€540
up €540 (+32.2%), from €1,679 to €2,219
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 | €143,186 | €150,530 | +€7,343 | +5.1% |
| Current assets | 29/58 | €143,186 | €150,530 | +€7,343 | +5.1% |
| Amounts receivable within one year | 40/41 | €89,664 | €98,381 | +€8,717 | +9.7% |
| Trade receivables | 40 | €47,964 | €52,125 | +€4,161 | +8.7% |
| Other amounts receivable | 41 | €41,700 | €46,256 | +€4,555 | +10.9% |
| Cash at bank and in hand | 54/58 | €52,385 | €50,311 | -€2,074 | -4.0% |
| Deferred charges and accrued income | 490/1 | €1,137 | €1,838 | +€701 | +61.6% |
| Total equity and liabilities | 10/49 | €143,186 | €150,530 | +€7,343 | +5.1% |
| Equity | 10/15 | €89,136 | €100,308 | +€11,172 | +12.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,136 | €95,308 | +€11,172 | +13.3% |
| Amounts payable | 17/49 | €54,051 | €50,222 | -€3,829 | -7.1% |
| Amounts payable within one year | 42/48 | €54,051 | €50,222 | -€3,829 | -7.1% |
| Trade debts | 44 | €42,884 | €40,676 | -€2,208 | -5.1% |
| Suppliers | 440/4 | €42,884 | €40,676 | -€2,208 | -5.1% |
| Taxes, remuneration and social security | 45 | €11,166 | €9,546 | -€1,620 | -14.5% |
| Taxes | 450/3 | €5,566 | €3,946 | -€1,620 | -29.1% |
| Remuneration and social security | 454/9 | €5,600 | €5,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,540 | - | -€1,540 | |
| Other operating charges | 640/8 | - | €1,289 | +€1,289 | |
| Gross operating margin | 9900 | €26,067 | €14,712 | -€11,355 | -43.6% |
| Operating profit (loss) | 9901 | €24,528 | €13,423 | -€11,104 | -45.3% |
| Financial income | 75/76B | €1,679 | €2,219 | +€540 | +32.2% |
| Recurring financial income | 75 | €1,679 | €2,219 | +€540 | +32.2% |
| Financial charges | 65/66B | €129 | €524 | +€396 | +307.0% |
| Recurring financial charges | 65 | €129 | €524 | +€396 | +307.0% |
| Profit (loss) for the period before taxes | 9903 | €26,078 | €15,118 | -€10,960 | -42.0% |
| Income taxes | 67/77 | €5,566 | €3,946 | -€1,620 | -29.1% |
| Profit (loss) for the period | 9904 | €20,512 | €11,172 | -€9,339 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,512 | €11,172 | -€9,339 | -45.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.