VISIONALITY: 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.
VISIONALITY
Largest movements
- Cash -€36,054
down €36,054 (-51.1%), from €70,624 to €34,570
mainly Current investments (-€33,222) and Receivables within one year (-€1,767)
- Current investments +€33,222
up €33,222 (+34.3%), from €96,963 to €130,184
- Receivables within one year +€1,767
up €1,767 (+194%), from €910 to €2,678
- Reserves -€1,860
down €1,860 (-1.1%), from €163,318 to €161,458
- Gross operating margin +€4,474
up €4,474 (+76.4%), from -€5,855 to -€1,382
- Financial income -€4,116
down €4,116 (-57.3%), from €7,188 to €3,071
- Financial charges +€1,705
up €1,705, from -€196 to €1,509
- Other operating charges -€171
down €171 (-25.5%), from €671 to €500
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 | €172,734 | €169,916 | -€2,819 | -1.6% |
| Fixed assets | 21/28 | €1,274 | €762 | -€512 | -40.2% |
| Tangible fixed assets | 22/27 | €1,274 | €762 | -€512 | -40.2% |
| Plant, machinery and equipment | 23 | €1,274 | €762 | -€512 | -40.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €171,461 | €169,154 | -€2,307 | -1.3% |
| Amounts receivable within one year | 40/41 | €910 | €2,678 | +€1,767 | +194% |
| Other amounts receivable | 41 | €910 | €2,678 | +€1,767 | +194% |
| Current investments | 50/53 | €96,963 | €130,184 | +€33,222 | +34.3% |
| Cash at bank and in hand | 54/58 | €70,624 | €34,570 | -€36,054 | -51.1% |
| Deferred charges and accrued income | 490/1 | €2,964 | €1,722 | -€1,242 | -41.9% |
| Total equity and liabilities | 10/49 | €172,734 | €169,916 | -€2,819 | -1.6% |
| Equity | 10/15 | €168,946 | €167,955 | -€990 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €163,318 | €161,458 | -€1,860 | -1.1% |
| Distributable reserves | 133 | €163,318 | €161,458 | -€1,860 | -1.1% |
| Profit (loss) carried forward | 14 | -€12,972 | -€12,102 | +€870 | +6.7% |
| Amounts payable | 17/49 | €3,789 | €1,960 | -€1,828 | -48.3% |
| Amounts payable within one year | 42/48 | €3,789 | €1,960 | -€1,828 | -48.3% |
| Financial debts | 43 | €3 | €3 | = | 0.0% |
| Credit institutions | 430/8 | €3 | €3 | = | 0.0% |
| Trade debts | 44 | €1,469 | €319 | -€1,150 | -78.3% |
| Suppliers | 440/4 | €1,469 | €319 | -€1,150 | -78.3% |
| Taxes, remuneration and social security | 45 | €1,661 | €1,638 | -€23 | -1.4% |
| Taxes | 450/3 | €1,661 | €1,638 | -€23 | -1.4% |
| Other amounts payable | 47/48 | €656 | €0 | -€656 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512 | €512 | -€0 | 0.0% |
| Other operating charges | 640/8 | €671 | €500 | -€171 | -25.5% |
| Gross operating margin | 9900 | -€5,855 | -€1,382 | +€4,474 | +76.4% |
| Operating profit (loss) | 9901 | -€7,038 | -€2,393 | +€4,645 | +66.0% |
| Financial income | 75/76B | €7,188 | €3,071 | -€4,116 | -57.3% |
| Recurring financial income | 75 | €7,188 | €3,071 | -€4,116 | -57.3% |
| Financial charges | 65/66B | -€196 | €1,509 | +€1,705 | |
| Recurring financial charges | 65 | -€196 | €1,509 | +€1,705 | |
| Profit (loss) for the period before taxes | 9903 | €346 | -€831 | -€1,176 | |
| Income taxes | 67/77 | €202 | €160 | -€42 | -20.8% |
| Profit (loss) for the period | 9904 | €144 | -€990 | -€1,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €144 | -€990 | -€1,134 |
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 19 October 2026 via checked.be.