Visionair: 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.
Visionair
Largest movements
- Current investments +€927,755
up €927,755 (+142.2%), from €652,637 to €1.6m
- Tangible fixed assets -€354,760
down €354,760 (-15.9%), from €2.2m to €1.9m
- Cash -€316,283
down €316,283 (-19.8%), from €1.6m to €1.3m
mainly Contributions, distributions and other (-€1.1m) and Current investments (-€927,755)
- Receivables within one year +€108,839
up €108,839 (+219.3%), from €49,628 to €158,468
of which Other amounts receivable: +€88,428
- Deferred charges and accrued income +€88,387
up €88,387 (+16.8%), from €525,270 to €613,657
- Short-term financial debts +€764,710
new in 2025: €764,710
- Debts after one year -€333,486
down €333,486 (-16.5%), from €2.0m to €1.7m
- Tax, wage and social debts +€99,309
up €99,309 (+50.9%), from €195,279 to €294,589
of which Remuneration and social security: +€76,466
- Profit (loss) carried forward -€92,900
down €92,900 (-8.4%), from €1.1m to €1.0m
- Gross operating margin +€771,905
up €771,905 (+37.6%), from €2.1m to €2.8m
- Staff costs +€277,604
up €277,604 (+43.5%), from €638,100 to €915,704
- Taxes +€114,623
up €114,623 (+46.9%), from €244,285 to €358,908
- Depreciation +€62,068
up €62,068 (+15.8%), from €391,735 to €453,803
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 | €5,181,022 | €5,606,388 | +€425,366 | +8.2% |
| Fixed assets | 21/28 | €2,315,273 | €1,931,942 | -€383,331 | -16.6% |
| Intangible fixed assets | 21 | €80,940 | €52,368 | -€28,571 | -35.3% |
| Tangible fixed assets | 22/27 | €2,234,068 | €1,879,309 | -€354,760 | -15.9% |
| Plant, machinery and equipment | 23 | €420,205 | €293,934 | -€126,271 | -30.0% |
| Furniture and vehicles | 24 | €109,140 | €87,946 | -€21,194 | -19.4% |
| Leasing and similar rights | 25 | €136,933 | €90,528 | -€46,405 | -33.9% |
| Other tangible fixed assets | 26 | €1,567,791 | €1,406,901 | -€160,890 | -10.3% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €2,865,749 | €3,674,446 | +€808,698 | +28.2% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,628 | €158,468 | +€108,839 | +219.3% |
| Trade receivables | 40 | - | €20,411 | +€20,411 | |
| Other amounts receivable | 41 | €49,628 | €138,057 | +€88,428 | +178.2% |
| Current investments | 50/53 | €652,637 | €1,580,392 | +€927,755 | +142.2% |
| Cash at bank and in hand | 54/58 | €1,598,213 | €1,281,930 | -€316,283 | -19.8% |
| Deferred charges and accrued income | 490/1 | €525,270 | €613,657 | +€88,387 | +16.8% |
| Total equity and liabilities | 10/49 | €5,181,022 | €5,606,388 | +€425,366 | +8.2% |
| Equity | 10/15 | €1,133,370 | €1,040,470 | -€92,900 | -8.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,108,370 | €1,015,470 | -€92,900 | -8.4% |
| Amounts payable | 17/49 | €4,047,652 | €4,565,918 | +€518,266 | +12.8% |
| Amounts payable after more than one year | 17 | €2,016,408 | €1,682,922 | -€333,486 | -16.5% |
| Financial debts | 170/4 | €2,016,408 | €1,682,922 | -€333,486 | -16.5% |
| Amounts payable within one year | 42/48 | €2,031,244 | €2,882,996 | +€851,752 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €350,924 | €359,094 | +€8,170 | +2.3% |
| Financial debts | 43 | - | €764,710 | +€764,710 | |
| Credit institutions | 430/8 | - | €764,710 | +€764,710 | |
| Trade debts | 44 | €1,485,041 | €1,464,603 | -€20,438 | -1.4% |
| Suppliers | 440/4 | €1,485,041 | €1,464,603 | -€20,438 | -1.4% |
| Taxes, remuneration and social security | 45 | €195,279 | €294,589 | +€99,309 | +50.9% |
| Taxes | 450/3 | €97,434 | €120,278 | +€22,843 | +23.4% |
| Remuneration and social security | 454/9 | €97,845 | €174,311 | +€76,466 | +78.2% |
| Remuneration, social security and pensions | 62 | €638,100 | €915,704 | +€277,604 | +43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391,735 | €453,803 | +€62,068 | +15.8% |
| Other operating charges | 640/8 | €3,796 | €2,835 | -€961 | -25.3% |
| Gross operating margin | 9900 | €2,051,517 | €2,823,422 | +€771,905 | +37.6% |
| Operating profit (loss) | 9901 | €1,017,886 | €1,451,080 | +€433,194 | +42.6% |
| Financial income | 75/76B | €6,316 | €20,450 | +€14,134 | +223.8% |
| Recurring financial income | 75 | €6,316 | €20,450 | +€14,134 | +223.8% |
| Financial charges | 65/66B | €83,469 | €99,640 | +€16,171 | +19.4% |
| Recurring financial charges | 65 | €83,469 | €99,640 | +€16,171 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €940,733 | €1,371,890 | +€431,157 | +45.8% |
| Income taxes | 67/77 | €244,285 | €358,908 | +€114,623 | +46.9% |
| Profit (loss) for the period | 9904 | €696,448 | €1,012,983 | +€316,534 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €696,448 | €1,012,983 | +€316,534 | +45.4% |
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.