VISION4CARE: 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.
VISION4CARE
Largest movements
- Current investments -€1.3m
down €1.3m (-100%), from €1.3m to €0
- Cash +€1.3m
up €1.3m (+377%), from €338,013 to €1.6m
mainly Current investments (+€1.3m) and Net result for the year (+€62,203)
- Receivables within one year +€25,867
up €25,867 (+25.0%), from €103,559 to €129,427
of which Trade receivables: +€53,940
- Profit (loss) carried forward -€95,688
down €95,688 (-100%), from €95,688 to €0
- Reserves +€75,891
up €75,891 (+4.4%), from €1.7m to €1.8m
- Tax, wage and social debts +€53,234
up €53,234 (+86.1%), from €61,818 to €115,052
of which Taxes: +€28,328
- Trade debts -€49,513
down €49,513 (-88.5%), from €55,965 to €6,452
- Staff costs +€109,466
up €109,466 (+38.7%), from €282,871 to €392,337
- Gross operating margin +€63,460
up €63,460 (+16.5%), from €384,945 to €448,405
- Financial charges -€18,420
down €18,420, from €11,576 to -€6,845
- Financial income -€16,615
down €16,615 (-34.1%), from €48,720 to €32,105
- Taxes -€16,157
down €16,157 (-49.2%), from €32,816 to €16,659
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,007,197 | €1,988,572 | -€18,624 | -0.9% |
| Fixed assets | 21/28 | €241,158 | €241,092 | -€66 | 0.0% |
| Intangible fixed assets | 21 | - | €8,418 | +€8,418 | |
| Tangible fixed assets | 22/27 | €31,705 | €23,801 | -€7,905 | -24.9% |
| Furniture and vehicles | 24 | €14,184 | €12,900 | -€1,284 | -9.1% |
| Other tangible fixed assets | 26 | €17,521 | €10,901 | -€6,620 | -37.8% |
| Financial fixed assets | 28 | €209,453 | €208,873 | -€580 | -0.3% |
| Current assets | 29/58 | €1,766,038 | €1,747,481 | -€18,558 | -1.1% |
| Amounts receivable within one year | 40/41 | €103,559 | €129,427 | +€25,867 | +25.0% |
| Trade receivables | 40 | €75,487 | €129,427 | +€53,940 | +71.5% |
| Other amounts receivable | 41 | €28,073 | €0 | -€28,073 | -100% |
| Current investments | 50/53 | €1,312,179 | €0 | -€1.3m | -100% |
| Cash at bank and in hand | 54/58 | €338,013 | €1,613,624 | +€1.3m | +377% |
| Deferred charges and accrued income | 490/1 | €12,286 | €4,430 | -€7,856 | -63.9% |
| Total equity and liabilities | 10/49 | €2,007,197 | €1,988,572 | -€18,624 | -0.9% |
| Equity | 10/15 | €1,886,288 | €1,866,491 | -€19,797 | -1.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,740,600 | €1,816,491 | +€75,891 | +4.4% |
| Distributable reserves | 133 | €1,740,600 | €1,816,491 | +€75,891 | +4.4% |
| Profit (loss) carried forward | 14 | €95,688 | €0 | -€95,688 | -100% |
| Amounts payable | 17/49 | €120,909 | €122,081 | +€1,172 | +1.0% |
| Amounts payable within one year | 42/48 | €117,783 | €122,081 | +€4,298 | +3.6% |
| Trade debts | 44 | €55,965 | €6,452 | -€49,513 | -88.5% |
| Suppliers | 440/4 | €55,965 | €6,452 | -€49,513 | -88.5% |
| Taxes, remuneration and social security | 45 | €61,818 | €115,052 | +€53,234 | +86.1% |
| Taxes | 450/3 | €26,798 | €55,126 | +€28,328 | +106% |
| Remuneration and social security | 454/9 | €35,020 | €59,927 | +€24,906 | +71.1% |
| Other amounts payable | 47/48 | €0 | €577 | +€577 | |
| Accrued charges and deferred income | 492/3 | €3,126 | €0 | -€3,126 | -100% |
| Non-recurring operating income | 76A | - | €3,018 | +€3,018 | |
| Remuneration, social security and pensions | 62 | €282,871 | €392,337 | +€109,466 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,924 | €14,475 | +€4,552 | +45.9% |
| Other operating charges | 640/8 | €1,766 | €1,681 | -€85 | -4.8% |
| Gross operating margin | 9900 | €384,945 | €448,405 | +€63,460 | +16.5% |
| Operating profit (loss) | 9901 | €90,385 | €39,912 | -€50,473 | -55.8% |
| Financial income | 75/76B | €48,720 | €32,105 | -€16,615 | -34.1% |
| Recurring financial income | 75 | €48,720 | €32,105 | -€16,615 | -34.1% |
| Financial charges | 65/66B | €11,576 | -€6,845 | -€18,420 | |
| Recurring financial charges | 65 | €11,576 | -€6,845 | -€18,420 | |
| Profit (loss) for the period before taxes | 9903 | €127,529 | €78,862 | -€48,667 | -38.2% |
| Income taxes | 67/77 | €32,816 | €16,659 | -€16,157 | -49.2% |
| Profit (loss) for the period | 9904 | €94,713 | €62,203 | -€32,510 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,713 | €62,203 | -€32,510 | -34.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.