VisiOnD: 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.
VisiOnD
Largest movements
- Current investments +€55,520
up €55,520 (+111.0%), from €50,000 to €105,520
- Cash -€26,357
down €26,357 (-24.2%), from €108,932 to €82,575
mainly Current investments (-€55,520) and Contributions, distributions and other (-€54,756)
- Receivables after one year -€23,000
no longer reported in 2025 (was €23,000)
- Tangible fixed assets +€4,744
up €4,744 (+160.3%), from €2,960 to €7,704
of which Furniture and vehicles: +€5,966
- Other debts +€18,139
up €18,139 (+90694.3%), from €20 to €18,159
- Tax, wage and social debts -€11,889
down €11,889 (-33.8%), from €35,192 to €23,302
- Reserves +€7,555
up €7,555 (+4.8%), from €157,667 to €165,222
of which Distributable reserves: +€7,555
- Gross operating margin +€16,965
up €16,965 (+22.0%), from €77,238 to €94,204
- Financial charges +€15,165
up €15,165 (+568.4%), from €2,668 to €17,834
- Financial income +€5,325
up €5,325 (+370.5%), from €1,437 to €6,762
- Taxes -€3,958
down €3,958 (-18.2%), from €21,791 to €17,834
- Depreciation +€2,290
up €2,290 (+1296.2%), from €177 to €2,467
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 | €213,962 | €226,363 | +€12,402 | +5.8% |
| Fixed assets | 21/28 | €3,000 | €7,744 | +€4,744 | +158.1% |
| Tangible fixed assets | 22/27 | €2,960 | €7,704 | +€4,744 | +160.3% |
| Plant, machinery and equipment | 23 | €2,960 | €1,738 | -€1,222 | -41.3% |
| Furniture and vehicles | 24 | - | €5,966 | +€5,966 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €210,962 | €218,619 | +€7,658 | +3.6% |
| Amounts receivable after more than one year | 29 | €23,000 | - | -€23,000 | |
| Other amounts receivable | 291 | €23,000 | - | -€23,000 | |
| Amounts receivable within one year | 40/41 | €20,248 | €20,357 | +€109 | +0.5% |
| Trade receivables | 40 | €19,593 | €18,628 | -€965 | -4.9% |
| Other amounts receivable | 41 | €655 | €1,729 | +€1,074 | +163.9% |
| Current investments | 50/53 | €50,000 | €105,520 | +€55,520 | +111.0% |
| Cash at bank and in hand | 54/58 | €108,932 | €82,575 | -€26,357 | -24.2% |
| Deferred charges and accrued income | 490/1 | €8,782 | €10,167 | +€1,386 | +15.8% |
| Total equity and liabilities | 10/49 | €213,962 | €226,363 | +€12,402 | +5.8% |
| Equity | 10/15 | €176,172 | €183,727 | +€7,555 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,667 | €165,222 | +€7,555 | +4.8% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €154,667 | €162,222 | +€7,555 | +4.9% |
| Profit (loss) carried forward | 14 | €12,304 | €12,304 | = | 0.0% |
| Amounts payable | 17/49 | €37,790 | €42,636 | +€4,847 | +12.8% |
| Amounts payable within one year | 42/48 | €37,790 | €42,636 | +€4,847 | +12.8% |
| Trade debts | 44 | €2,578 | €1,175 | -€1,403 | -54.4% |
| Suppliers | 440/4 | €2,578 | €1,175 | -€1,403 | -54.4% |
| Taxes, remuneration and social security | 45 | €35,192 | €23,302 | -€11,889 | -33.8% |
| Taxes | 450/3 | €35,192 | €23,302 | -€11,889 | -33.8% |
| Other amounts payable | 47/48 | €20 | €18,159 | +€18,139 | +90694.3% |
| Non-recurring operating income | 76A | €757 | - | -€757 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177 | €2,467 | +€2,290 | +1296.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €77,238 | €94,204 | +€16,965 | +22.0% |
| Operating profit (loss) | 9901 | €76,556 | €91,217 | +€14,661 | +19.2% |
| Financial income | 75/76B | €1,437 | €6,762 | +€5,325 | +370.5% |
| Recurring financial income | 75 | €1,437 | €6,762 | +€5,325 | +370.5% |
| Financial charges | 65/66B | €2,668 | €17,834 | +€15,165 | +568.4% |
| Recurring financial charges | 65 | €2,668 | €17,834 | +€15,165 | +568.4% |
| Profit (loss) for the period before taxes | 9903 | €75,325 | €80,145 | +€4,820 | +6.4% |
| Income taxes | 67/77 | €21,791 | €17,834 | -€3,958 | -18.2% |
| Profit (loss) for the period | 9904 | €53,534 | €62,312 | +€8,778 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,534 | €62,312 | +€8,778 | +16.4% |
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 10 October 2026 via checked.be.