VISION TOITURES: 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 TOITURES
Largest movements
- Receivables within one year -€169,860
down €169,860 (-31.8%), from €533,767 to €363,907
of which Trade receivables: -€216,080
- Intangible fixed assets +€15,684
new in 2025: €15,684
- Cash +€7,505
up €7,505 (+63.4%), from €11,841 to €19,346
mainly Receivables within one year (+€169,860) and Net result for the year (+€68,592)
- Tangible fixed assets -€6,498
down €6,498 (-26.9%), from €24,122 to €17,624
of which Furniture and vehicles: -€6,945
- Tax, wage and social debts -€86,396
down €86,396 (-64.2%), from €134,505 to €48,109
- Profit (loss) carried forward -€60,523
down €60,523 (-36.9%), from €164,127 to €103,603
- Trade debts -€6,250
down €6,250 (-8.5%), from €73,585 to €67,335
- Gross operating margin -€107,848
down €107,848 (-50.3%), from €214,528 to €106,680
- Taxes -€42,348
down €42,348 (-66.8%), from €63,411 to €21,063
- Financial charges +€11,112
up €11,112 (+2,693%), from €413 to €11,525
- Financial income -€10,138
down €10,138 (-46.0%), from €22,023 to €11,885
- Other operating charges +€6,682
up €6,682 (+2,418%), from €276 to €6,958
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 | €569,930 | €416,760 | -€153,170 | -26.9% |
| Fixed assets | 21/28 | €24,322 | €33,507 | +€9,185 | +37.8% |
| Intangible fixed assets | 21 | - | €15,684 | +€15,684 | |
| Tangible fixed assets | 22/27 | €24,122 | €17,624 | -€6,498 | -26.9% |
| Plant, machinery and equipment | 23 | €3,425 | €3,872 | +€447 | +13.0% |
| Furniture and vehicles | 24 | €20,697 | €13,752 | -€6,945 | -33.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €545,607 | €383,252 | -€162,355 | -29.8% |
| Amounts receivable within one year | 40/41 | €533,767 | €363,907 | -€169,860 | -31.8% |
| Trade receivables | 40 | €334,209 | €118,129 | -€216,080 | -64.7% |
| Other amounts receivable | 41 | €199,557 | €245,777 | +€46,220 | +23.2% |
| Cash at bank and in hand | 54/58 | €11,841 | €19,346 | +€7,505 | +63.4% |
| Total equity and liabilities | 10/49 | €569,930 | €416,760 | -€153,170 | -26.9% |
| Equity | 10/15 | €306,327 | €245,803 | -€60,523 | -19.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,000 | €136,000 | = | 0.0% |
| Distributable reserves | 133 | €136,000 | €136,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,127 | €103,603 | -€60,523 | -36.9% |
| Amounts payable | 17/49 | €263,603 | €170,956 | -€92,646 | -35.1% |
| Amounts payable within one year | 42/48 | €263,603 | €170,956 | -€92,646 | -35.1% |
| Trade debts | 44 | €73,585 | €67,335 | -€6,250 | -8.5% |
| Suppliers | 440/4 | €73,585 | €67,335 | -€6,250 | -8.5% |
| Advances received on contracts in progress | 46 | €55,513 | €55,513 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €134,505 | €48,109 | -€86,396 | -64.2% |
| Taxes | 450/3 | €134,505 | €48,109 | -€86,396 | -64.2% |
| Remuneration, social security and pensions | 62 | - | €998 | +€998 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,438 | €9,430 | +€992 | +11.8% |
| Other operating charges | 640/8 | €276 | €6,958 | +€6,682 | +2,418% |
| Gross operating margin | 9900 | €214,528 | €106,680 | -€107,848 | -50.3% |
| Operating profit (loss) | 9901 | €205,814 | €89,294 | -€116,519 | -56.6% |
| Financial income | 75/76B | €22,023 | €11,885 | -€10,138 | -46.0% |
| Recurring financial income | 75 | €22,023 | €11,885 | -€10,138 | -46.0% |
| Financial charges | 65/66B | €413 | €11,525 | +€11,112 | +2,693% |
| Recurring financial charges | 65 | €413 | €11,525 | +€11,112 | +2,693% |
| Profit (loss) for the period before taxes | 9903 | €227,424 | €89,655 | -€137,769 | -60.6% |
| Income taxes | 67/77 | €63,411 | €21,063 | -€42,348 | -66.8% |
| Profit (loss) for the period | 9904 | €164,013 | €68,592 | -€95,421 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €164,013 | €68,592 | -€95,421 | -58.2% |
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 27 October 2026 via checked.be.