Vision@Work: 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@Work
Largest movements
- Cash +€139,947
up €139,947 (+33.0%), from €424,056 to €564,002
mainly Other debts (+€802,983) and Net result for the year (+€240,131)
- Receivables within one year -€26,909
down €26,909 (-17.8%), from €151,549 to €124,639
of which Trade receivables: -€31,491
- Other debts +€802,983
up €802,983 (+114,619%), from €701 to €803,684
- Profit (loss) carried forward -€648,104
down €648,104 (-39.7%), from €1.6m to €983,027
- Debts after one year -€108,415
down €108,415 (-55.4%), from €195,644 to €87,230
- Tax, wage and social debts +€69,563
up €69,563 (+171%), from €40,636 to €110,198
of which Taxes: +€66,331
- Gross operating margin -€46,442
down €46,442 (-12.5%), from €371,861 to €325,418
- Taxes -€31,189
down €31,189 (-27.8%), from €112,286 to €81,097
- Financial income +€5,330
up €5,330 (+74.3%), from €7,173 to €12,503
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 | €1,904,801 | €2,015,688 | +€110,887 | +5.8% |
| Fixed assets | 21/28 | €20,047 | €10,196 | -€9,850 | -49.1% |
| Tangible fixed assets | 22/27 | €20,047 | €10,196 | -€9,850 | -49.1% |
| Furniture and vehicles | 24 | €20,047 | €10,196 | -€9,850 | -49.1% |
| Current assets | 29/58 | €1,884,755 | €2,005,491 | +€120,737 | +6.4% |
| Amounts receivable within one year | 40/41 | €151,549 | €124,639 | -€26,909 | -17.8% |
| Trade receivables | 40 | €151,549 | €120,058 | -€31,491 | -20.8% |
| Other amounts receivable | 41 | €0 | €4,581 | +€4,581 | |
| Current investments | 50/53 | €1,306,777 | €1,314,395 | +€7,617 | +0.6% |
| Cash at bank and in hand | 54/58 | €424,056 | €564,002 | +€139,947 | +33.0% |
| Deferred charges and accrued income | 490/1 | €2,373 | €2,455 | +€82 | +3.5% |
| Total equity and liabilities | 10/49 | €1,904,801 | €2,015,688 | +€110,887 | +5.8% |
| Equity | 10/15 | €1,651,591 | €1,003,487 | -€648,104 | -39.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,631,131 | €983,027 | -€648,104 | -39.7% |
| Amounts payable | 17/49 | €253,210 | €1,012,201 | +€758,991 | +300% |
| Amounts payable after more than one year | 17 | €195,644 | €87,230 | -€108,415 | -55.4% |
| Financial debts | 170/4 | €195,644 | €87,230 | -€108,415 | -55.4% |
| Amounts payable within one year | 42/48 | €57,565 | €924,971 | +€867,406 | +1,507% |
| Current portion of amounts payable after more than one year | 42 | €13,075 | €7,217 | -€5,858 | -44.8% |
| Financial debts | 43 | €11 | €11 | = | 0.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €11 | €11 | = | 0.0% |
| Trade debts | 44 | €3,143 | €3,861 | +€718 | +22.8% |
| Suppliers | 440/4 | €3,143 | €3,861 | +€718 | +22.8% |
| Taxes, remuneration and social security | 45 | €40,636 | €110,198 | +€69,563 | +171% |
| Taxes | 450/3 | €40,636 | €106,966 | +€66,331 | +163% |
| Remuneration and social security | 454/9 | - | €3,232 | +€3,232 | |
| Other amounts payable | 47/48 | €701 | €803,684 | +€802,983 | +114,619% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,113 | €13,601 | +€488 | +3.7% |
| Other operating charges | 640/8 | €2,679 | €2,561 | -€118 | -4.4% |
| Gross operating margin | 9900 | €371,861 | €325,418 | -€46,442 | -12.5% |
| Operating profit (loss) | 9901 | €356,068 | €309,256 | -€46,812 | -13.1% |
| Financial income | 75/76B | €7,173 | €12,503 | +€5,330 | +74.3% |
| Recurring financial income | 75 | €7,173 | €12,503 | +€5,330 | +74.3% |
| Financial charges | 65/66B | €1,009 | €530 | -€479 | -47.4% |
| Recurring financial charges | 65 | €1,009 | €530 | -€479 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €362,232 | €321,228 | -€41,004 | -11.3% |
| Income taxes | 67/77 | €112,286 | €81,097 | -€31,189 | -27.8% |
| Profit (loss) for the period | 9904 | €249,946 | €240,131 | -€9,815 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €249,946 | €240,131 | -€9,815 | -3.9% |
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 17 October 2026 via checked.be.