VISIONEAR: what changed
Two fiscal 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.
VISIONEAR
Largest movements
- Tangible fixed assets +€50,782
up €50,782 (+755.2%), from €6,725 to €57,507
- Cash -€24,224
down €24,224 (-30.2%), from €80,088 to €55,863
mainly Investment in fixed assets (net) (-€54,582) and Current investments (-€8,651)
- Current investments +€8,651
up €8,651 (+10.7%), from €80,534 to €89,185
- Reserves +€37,100
up €37,100 (+25.8%), from €143,738 to €180,838
- Gross operating margin +€10,130
up €10,130 (+22.1%), from €45,758 to €55,888
- Depreciation +€2,064
up €2,064 (+118.9%), from €1,736 to €3,800
- Financial charges -€1,748
down €1,748 (-82.9%), from €2,108 to €360
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 | €177,080 | €213,787 | +€36,707 | +20.7% |
| Fixed assets | 21/28 | €6,725 | €57,507 | +€50,782 | +755.2% |
| Tangible fixed assets | 22/27 | €6,725 | €57,507 | +€50,782 | +755.2% |
| Furniture and vehicles | 24 | €6,725 | €57,507 | +€50,782 | +755.2% |
| Current assets | 29/58 | €170,355 | €156,280 | -€14,075 | -8.3% |
| Amounts receivable within one year | 40/41 | €9,734 | €9,724 | -€10 | -0.1% |
| Trade receivables | 40 | €9,734 | €9,573 | -€160 | -1.6% |
| Other amounts receivable | 41 | - | €151 | +€151 | |
| Current investments | 50/53 | €80,534 | €89,185 | +€8,651 | +10.7% |
| Cash at bank and in hand | 54/58 | €80,088 | €55,863 | -€24,224 | -30.2% |
| Deferred charges and accrued income | 490/1 | - | €1,508 | +€1,508 | |
| Total equity and liabilities | 10/49 | €177,080 | €213,787 | +€36,707 | +20.7% |
| Equity | 10/15 | €153,738 | €190,838 | +€37,100 | +24.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €143,738 | €180,838 | +€37,100 | +25.8% |
| Distributable reserves | 133 | €143,738 | €180,838 | +€37,100 | +25.8% |
| Amounts payable | 17/49 | €23,341 | €22,948 | -€393 | -1.7% |
| Amounts payable within one year | 42/48 | €23,341 | €22,948 | -€393 | -1.7% |
| Trade debts | 44 | €1,105 | €819 | -€286 | -25.9% |
| Suppliers | 440/4 | €1,105 | €819 | -€286 | -25.9% |
| Taxes, remuneration and social security | 45 | €11,189 | €10,523 | -€666 | -5.9% |
| Taxes | 450/3 | €9,189 | €8,523 | -€666 | -7.2% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,048 | €11,606 | +€559 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,736 | €3,800 | +€2,064 | +118.9% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €45,758 | €55,888 | +€10,130 | +22.1% |
| Operating profit (loss) | 9901 | €43,573 | €51,627 | +€8,054 | +18.5% |
| Financial income | 75/76B | €96 | €105 | +€9 | +8.8% |
| Recurring financial income | 75 | €96 | €105 | +€9 | +8.8% |
| Financial charges | 65/66B | €2,108 | €360 | -€1,748 | -82.9% |
| Recurring financial charges | 65 | €2,108 | €360 | -€1,748 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €41,561 | €51,372 | +€9,811 | +23.6% |
| Income taxes | 67/77 | €14,032 | €14,272 | +€240 | +1.7% |
| Profit (loss) for the period | 9904 | €27,528 | €37,100 | +€9,572 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,528 | €37,100 | +€9,572 | +34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.