Vision2C: what changed
Two fiscal 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.
Vision2C
Largest movements
- Cash +€118,332
up €118,332 (+979.2%), from €12,084 to €130,417
mainly Current investments (+€75,000) and Net result for the year (+€47,130)
- Current investments -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Tangible fixed assets +€4,961
up €4,961 (+94.0%), from €5,277 to €10,238
of which Furniture and vehicles: +€2,633
- Intangible fixed assets -€2,143
down €2,143 (-14.6%), from €14,636 to €12,493
- Reserves +€51,392
up €51,392 (+44.7%), from €115,000 to €166,392
- Profit (loss) carried forward -€4,262
down €4,262 (-100.0%), from €4,262 to €0
- Gross operating margin -€93,566
down €93,566 (-57.2%), from €163,593 to €70,027
- Taxes -€22,409
down €22,409 (-55.7%), from €40,237 to €17,828
- Depreciation +€2,925
up €2,925 (+261.6%), from €1,118 to €4,044
- Other operating charges -€1,637
down €1,637 (-65.6%), from €2,495 to €858
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 | €147,609 | €195,698 | +€48,089 | +32.6% |
| Fixed assets | 21/28 | €19,913 | €22,731 | +€2,818 | +14.2% |
| Intangible fixed assets | 21 | €14,636 | €12,493 | -€2,143 | -14.6% |
| Tangible fixed assets | 22/27 | €5,277 | €10,238 | +€4,961 | +94.0% |
| Plant, machinery and equipment | 23 | - | €2,328 | +€2,328 | |
| Furniture and vehicles | 24 | €5,277 | €7,910 | +€2,633 | +49.9% |
| Current assets | 29/58 | €127,696 | €172,967 | +€45,271 | +35.5% |
| Amounts receivable within one year | 40/41 | €40,612 | €42,551 | +€1,939 | +4.8% |
| Trade receivables | 40 | €40,609 | €42,526 | +€1,917 | +4.7% |
| Other amounts receivable | 41 | €3 | €25 | +€22 | +796.1% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,084 | €130,417 | +€118,332 | +979.2% |
| Total equity and liabilities | 10/49 | €147,609 | €195,698 | +€48,089 | +32.6% |
| Equity | 10/15 | €122,262 | €169,392 | +€47,130 | +38.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €115,000 | €166,392 | +€51,392 | +44.7% |
| Distributable reserves | 133 | €115,000 | €166,392 | +€51,392 | +44.7% |
| Profit (loss) carried forward | 14 | €4,262 | €0 | -€4,262 | -100.0% |
| Amounts payable | 17/49 | €25,347 | €26,306 | +€959 | +3.8% |
| Amounts payable within one year | 42/48 | €25,347 | €26,306 | +€959 | +3.8% |
| Trade debts | 44 | €123 | €973 | +€850 | +688.5% |
| Suppliers | 440/4 | €123 | €973 | +€850 | +688.5% |
| Taxes, remuneration and social security | 45 | €24,737 | €25,248 | +€510 | +2.1% |
| Taxes | 450/3 | €24,737 | €25,248 | +€510 | +2.1% |
| Other amounts payable | 47/48 | €486 | €85 | -€401 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,118 | €4,044 | +€2,925 | +261.6% |
| Other operating charges | 640/8 | €2,495 | €858 | -€1,637 | -65.6% |
| Gross operating margin | 9900 | €163,593 | €70,027 | -€93,566 | -57.2% |
| Operating profit (loss) | 9901 | €159,980 | €65,125 | -€94,855 | -59.3% |
| Financial income | 75/76B | - | €231 | +€231 | |
| Recurring financial income | 75 | - | €231 | +€231 | |
| Financial charges | 65/66B | €481 | €398 | -€83 | -17.2% |
| Recurring financial charges | 65 | €481 | €398 | -€83 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €159,499 | €64,958 | -€94,541 | -59.3% |
| Income taxes | 67/77 | €40,237 | €17,828 | -€22,409 | -55.7% |
| Profit (loss) for the period | 9904 | €119,262 | €47,130 | -€72,132 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €119,262 | €47,130 | -€72,132 | -60.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.