VISIONAIR: 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.
VISIONAIR
Largest movements
- Receivables within one year -€181,071
down €181,071 (-42.8%), from €422,632 to €241,561
of which Trade receivables: -€139,111
- Deferred charges and accrued income -€81,443
down €81,443 (-100%), from €81,443 to €0
- Cash +€39,427
up €39,427 (+83.5%), from €47,243 to €86,670
mainly Receivables within one year (+€181,071) and Deferred charges and accrued income (+€81,443)
- Tangible fixed assets -€14,027
down €14,027 (-1.9%), from €744,356 to €730,329
- Trade debts -€125,748
down €125,748 (-75.0%), from €167,751 to €42,002
- Short-term financial debts -€100,000
down €100,000 (-7.4%), from €1.4m to €1.3m
- Tax, wage and social debts -€32,167
down €32,167 (-97.4%), from €33,030 to €863
- Profit (loss) carried forward +€20,802
up €20,802 (+10.5%), from -€197,797 to -€176,995
- Gross operating margin +€58,345
up €58,345, from -€36,025 to €22,320
- Financial income -€4,245
down €4,245 (-100%), from €4,245 to €0
- Taxes -€897
down €897 (-100%), from €897 to €0
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,375,674 | €1,138,560 | -€237,113 | -17.2% |
| Fixed assets | 21/28 | €824,356 | €810,329 | -€14,027 | -1.7% |
| Tangible fixed assets | 22/27 | €744,356 | €730,329 | -€14,027 | -1.9% |
| Furniture and vehicles | 24 | €744,356 | €730,329 | -€14,027 | -1.9% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €551,318 | €328,231 | -€223,087 | -40.5% |
| Amounts receivable within one year | 40/41 | €422,632 | €241,561 | -€181,071 | -42.8% |
| Trade receivables | 40 | €281,910 | €142,799 | -€139,111 | -49.3% |
| Other amounts receivable | 41 | €140,722 | €98,762 | -€41,960 | -29.8% |
| Cash at bank and in hand | 54/58 | €47,243 | €86,670 | +€39,427 | +83.5% |
| Deferred charges and accrued income | 490/1 | €81,443 | €0 | -€81,443 | -100% |
| Total equity and liabilities | 10/49 | €1,375,674 | €1,138,560 | -€237,113 | -17.2% |
| Equity | 10/15 | -€175,107 | -€154,305 | +€20,802 | +11.9% |
| Contributions | 10/11 | €22,690 | €22,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,797 | -€176,995 | +€20,802 | +10.5% |
| Amounts payable | 17/49 | €1,550,781 | €1,292,866 | -€257,915 | -16.6% |
| Amounts payable within one year | 42/48 | €1,550,781 | €1,292,866 | -€257,915 | -16.6% |
| Financial debts | 43 | €1,350,000 | €1,250,000 | -€100,000 | -7.4% |
| Other loans | 439 | €1,350,000 | €1,250,000 | -€100,000 | -7.4% |
| Trade debts | 44 | €167,751 | €42,002 | -€125,748 | -75.0% |
| Suppliers | 440/4 | €167,751 | €42,002 | -€125,748 | -75.0% |
| Taxes, remuneration and social security | 45 | €33,030 | €863 | -€32,167 | -97.4% |
| Taxes | 450/3 | €33,030 | €863 | -€32,167 | -97.4% |
| Non-recurring operating income | 76A | - | €14,410 | +€14,410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €259 | +€259 | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€36,025 | €22,320 | +€58,345 | |
| Operating profit (loss) | 9901 | -€37,119 | €20,934 | +€58,053 | |
| Financial income | 75/76B | €4,245 | €0 | -€4,245 | -100% |
| Recurring financial income | 75 | €4,245 | €0 | -€4,245 | -100% |
| Financial charges | 65/66B | €135 | €132 | -€2 | -1.7% |
| Recurring financial charges | 65 | €135 | €132 | -€2 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,008 | €20,802 | +€53,810 | |
| Income taxes | 67/77 | €897 | €0 | -€897 | -100% |
| Profit (loss) for the period | 9904 | -€33,906 | €20,802 | +€54,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,906 | €20,802 | +€54,708 |
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 16 October 2026 via checked.be.