VISIONCAM: 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.
VISIONCAM
Largest movements
- Current investments -€98,631
no longer reported in 2025 (was €98,631)
- Cash -€70,299
down €70,299 (-48.4%), from €145,325 to €75,026
mainly Contributions, distributions and other (-€230,000) and Receivables within one year (-€5,418)
- Tangible fixed assets -€17,860
down €17,860 (-5.1%), from €353,618 to €335,759
of which Furniture and vehicles: -€10,365
- Contributions -€230,000
down €230,000 (-65.7%), from €350,000 to €120,000
- Reserves +€43,942
up €43,942 (+17.2%), from €255,026 to €298,969
- Gross operating margin +€12,448
up €12,448 (+20.0%), from €62,324 to €74,772
- Taxes +€5,054
up €5,054 (+32.1%), from €15,739 to €20,793
- Financial income +€4,310
up €4,310 (+53.2%), from €8,104 to €12,414
of which Non-recurring financial income: +€7,047
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 | €609,950 | €428,441 | -€181,510 | -29.8% |
| Fixed assets | 21/28 | €353,618 | €335,759 | -€17,860 | -5.1% |
| Tangible fixed assets | 22/27 | €353,618 | €335,759 | -€17,860 | -5.1% |
| Land and buildings | 22 | €313,262 | €303,204 | -€10,058 | -3.2% |
| Plant, machinery and equipment | 23 | €315 | €2,879 | +€2,563 | +813% |
| Furniture and vehicles | 24 | €40,041 | €29,676 | -€10,365 | -25.9% |
| Current assets | 29/58 | €256,332 | €92,682 | -€163,650 | -63.8% |
| Amounts receivable within one year | 40/41 | €10,559 | €15,977 | +€5,418 | +51.3% |
| Trade receivables | 40 | €10,559 | €13,098 | +€2,539 | +24.0% |
| Other amounts receivable | 41 | - | €2,879 | +€2,879 | |
| Current investments | 50/53 | €98,631 | - | -€98,631 | |
| Cash at bank and in hand | 54/58 | €145,325 | €75,026 | -€70,299 | -48.4% |
| Deferred charges and accrued income | 490/1 | €1,818 | €1,679 | -€138 | -7.6% |
| Total equity and liabilities | 10/49 | €609,950 | €428,441 | -€181,510 | -29.8% |
| Equity | 10/15 | €605,026 | €418,969 | -€186,058 | -30.8% |
| Contributions | 10/11 | €350,000 | €120,000 | -€230,000 | -65.7% |
| Reserves | 13 | €255,026 | €298,969 | +€43,942 | +17.2% |
| Distributable reserves | 133 | €255,026 | €298,969 | +€43,942 | +17.2% |
| Amounts payable | 17/49 | €4,924 | €9,472 | +€4,548 | +92.4% |
| Amounts payable within one year | 42/48 | €3,464 | €8,012 | +€4,548 | +131% |
| Trade debts | 44 | €90 | €379 | +€289 | +321% |
| Suppliers | 440/4 | €90 | €379 | +€289 | +321% |
| Taxes, remuneration and social security | 45 | €1,996 | €7,281 | +€5,285 | +265% |
| Taxes | 450/3 | €1,996 | €7,281 | +€5,285 | +265% |
| Other amounts payable | 47/48 | €1,378 | €352 | -€1,026 | -74.5% |
| Accrued charges and deferred income | 492/3 | €1,460 | €1,460 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,204 | €20,959 | -€245 | -1.2% |
| Other operating charges | 640/8 | €1,338 | €1,284 | -€54 | -4.0% |
| Gross operating margin | 9900 | €62,324 | €74,772 | +€12,448 | +20.0% |
| Operating profit (loss) | 9901 | €39,782 | €52,529 | +€12,747 | +32.0% |
| Financial income | 75/76B | €8,104 | €12,414 | +€4,310 | +53.2% |
| Recurring financial income | 75 | €8,104 | €5,367 | -€2,737 | -33.8% |
| Non-recurring financial income | 76B | - | €7,047 | +€7,047 | |
| Financial charges | 65/66B | €91 | €208 | +€117 | +129% |
| Recurring financial charges | 65 | €91 | €208 | +€117 | +129% |
| Profit (loss) for the period before taxes | 9903 | €47,796 | €64,736 | +€16,940 | +35.4% |
| Income taxes | 67/77 | €15,739 | €20,793 | +€5,054 | +32.1% |
| Profit (loss) for the period | 9904 | €32,056 | €43,942 | +€11,886 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,056 | €43,942 | +€11,886 | +37.1% |
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 17 October 2026 via checked.be.