Visionbuild: 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.
Visionbuild
Largest movements
- Tangible fixed assets +€339,073
up €339,073 (+41.5%), from €816,732 to €1.2m
of which Land and buildings: +€306,159
- Cash -€18,601
down €18,601 (-97.8%), from €19,017 to €417
mainly Investment in fixed assets (net) (-€412,195) and Contributions, distributions and other (-€140,000)
- Debts after one year +€278,963
up €278,963 (+48.8%), from €571,070 to €850,033
- Reserves +€31,742
up €31,742 (+42.8%), from €74,114 to €105,855
- Other debts +€28,418
up €28,418 (+23.6%), from €120,271 to €148,689
- Tax, wage and social debts -€24,613
down €24,613 (-47.5%), from €51,765 to €27,153
of which Taxes: -€28,613
- Current portion of long-term debt +€18,621
up €18,621 (+40.9%), from €45,490 to €64,111
- Financial income +€95,195
up €95,195 (+119.1%), from €79,960 to €175,155
- Depreciation +€41,278
up €41,278 (+129.6%), from €31,844 to €73,122
- Taxes +€21,221
up €21,221 (+61.4%), from €34,572 to €55,792
- Financial charges -€21,178
down €21,178 (-10.5%), from €202,198 to €181,019
- Gross operating margin +€7,712
up €7,712 (+2.5%), from €303,393 to €311,105
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 | €871,472 | €1,203,372 | +€331,900 | +38.1% |
| Fixed assets | 21/28 | €816,732 | €1,155,805 | +€339,073 | +41.5% |
| Tangible fixed assets | 22/27 | €816,732 | €1,155,805 | +€339,073 | +41.5% |
| Land and buildings | 22 | €808,053 | €1,114,212 | +€306,159 | +37.9% |
| Plant, machinery and equipment | 23 | - | €2,126 | +€2,126 | |
| Furniture and vehicles | 24 | €3,540 | €34,698 | +€31,158 | +880.2% |
| Other tangible fixed assets | 26 | €5,140 | €4,770 | -€370 | -7.2% |
| Current assets | 29/58 | €54,740 | €47,567 | -€7,172 | -13.1% |
| Amounts receivable within one year | 40/41 | €31,891 | €33,453 | +€1,562 | +4.9% |
| Trade receivables | 40 | €31,891 | €33,453 | +€1,562 | +4.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €0 | €10,786 | +€10,786 | |
| Cash at bank and in hand | 54/58 | €19,017 | €417 | -€18,601 | -97.8% |
| Deferred charges and accrued income | 490/1 | €3,831 | €2,912 | -€920 | -24.0% |
| Total equity and liabilities | 10/49 | €871,472 | €1,203,372 | +€331,900 | +38.1% |
| Equity | 10/15 | €75,114 | €106,855 | +€31,742 | +42.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €74,114 | €105,855 | +€31,742 | +42.8% |
| Distributable reserves | 133 | €74,114 | €105,855 | +€31,742 | +42.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €796,358 | €1,096,517 | +€300,159 | +37.7% |
| Amounts payable after more than one year | 17 | €571,070 | €850,033 | +€278,963 | +48.8% |
| Financial debts | 170/4 | €571,070 | €850,033 | +€278,963 | +48.8% |
| Amounts payable within one year | 42/48 | €225,288 | €246,484 | +€21,196 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €45,490 | €64,111 | +€18,621 | +40.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,762 | €6,532 | -€1,230 | -15.9% |
| Suppliers | 440/4 | €7,762 | €6,532 | -€1,230 | -15.9% |
| Taxes, remuneration and social security | 45 | €51,765 | €27,153 | -€24,613 | -47.5% |
| Taxes | 450/3 | €51,765 | €23,153 | -€28,613 | -55.3% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €120,271 | €148,689 | +€28,418 | +23.6% |
| Remuneration, social security and pensions | 62 | €208 | €0 | -€208 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,844 | €73,122 | +€41,278 | +129.6% |
| Other operating charges | 640/8 | €5,522 | €4,585 | -€937 | -17.0% |
| Gross operating margin | 9900 | €303,393 | €311,105 | +€7,712 | +2.5% |
| Operating profit (loss) | 9901 | €265,819 | €233,398 | -€32,421 | -12.2% |
| Financial income | 75/76B | €79,960 | €175,155 | +€95,195 | +119.1% |
| Recurring financial income | 75 | €79,960 | €175,155 | +€95,195 | +119.1% |
| Financial charges | 65/66B | €202,198 | €181,019 | -€21,178 | -10.5% |
| Recurring financial charges | 65 | €202,198 | €181,019 | -€21,178 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €143,581 | €227,534 | +€83,953 | +58.5% |
| Income taxes | 67/77 | €34,572 | €55,792 | +€21,221 | +61.4% |
| Profit (loss) for the period | 9904 | €109,009 | €171,742 | +€62,732 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,009 | €171,742 | +€62,732 | +57.5% |
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 12 October 2026 via checked.be.