VISIONEXT: 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.
VISIONEXT
Largest movements
- Cash +€48,518
up €48,518 (+118.0%), from €41,132 to €89,650
mainly Net result for the year (+€25,422) and Other debts (+€20,000)
- Receivables within one year -€8,220
down €8,220 (-23.0%), from €35,775 to €27,555
of which Trade receivables: -€7,301
- Tangible fixed assets -€3,174
down €3,174 (-23.8%), from €13,343 to €10,169
of which Furniture and vehicles: -€2,761
- Other debts +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€15,389
up €15,389 (+174.0%), from €8,845 to €24,233
of which Taxes: +€10,295
- Profit (loss) carried forward +€5,422
up €5,422 (+8.6%), from €63,066 to €68,488
- Trade debts -€3,658
down €3,658 (-89.7%), from €4,079 to €421
- Gross operating margin +€27,342
up €27,342 (+42.4%), from €64,548 to €91,891
- Taxes +€8,919
up €8,919 (+139.2%), from €6,408 to €15,327
- Staff costs +€1,543
up €1,543 (+4.1%), from €37,824 to €39,367
- Depreciation +€1,471
up €1,471 (+86.4%), from €1,703 to €3,174
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 | €90,250 | €127,402 | +€37,153 | +41.2% |
| Fixed assets | 21/28 | €13,343 | €10,169 | -€3,174 | -23.8% |
| Tangible fixed assets | 22/27 | €13,343 | €10,169 | -€3,174 | -23.8% |
| Plant, machinery and equipment | 23 | €826 | €413 | -€413 | -50.0% |
| Furniture and vehicles | 24 | €12,517 | €9,756 | -€2,761 | -22.1% |
| Current assets | 29/58 | €76,907 | €117,234 | +€40,327 | +52.4% |
| Stocks and contracts in progress | 3 | - | €29 | +€29 | |
| Stocks | 30/36 | - | €29 | +€29 | |
| Amounts receivable within one year | 40/41 | €35,775 | €27,555 | -€8,220 | -23.0% |
| Trade receivables | 40 | €24,265 | €16,964 | -€7,301 | -30.1% |
| Other amounts receivable | 41 | €11,510 | €10,591 | -€919 | -8.0% |
| Cash at bank and in hand | 54/58 | €41,132 | €89,650 | +€48,518 | +118.0% |
| Total equity and liabilities | 10/49 | €90,250 | €127,402 | +€37,153 | +41.2% |
| Equity | 10/15 | €77,326 | €82,748 | +€5,422 | +7.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,066 | €68,488 | +€5,422 | +8.6% |
| Amounts payable | 17/49 | €12,924 | €44,655 | +€31,731 | +245.5% |
| Amounts payable within one year | 42/48 | €12,924 | €44,655 | +€31,731 | +245.5% |
| Trade debts | 44 | €4,079 | €421 | -€3,658 | -89.7% |
| Suppliers | 440/4 | €4,079 | €421 | -€3,658 | -89.7% |
| Taxes, remuneration and social security | 45 | €8,845 | €24,233 | +€15,389 | +174.0% |
| Taxes | 450/3 | €8,845 | €19,139 | +€10,295 | +116.4% |
| Remuneration and social security | 454/9 | - | €5,094 | +€5,094 | |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €37,824 | €39,367 | +€1,543 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,703 | €3,174 | +€1,471 | +86.4% |
| Other operating charges | 640/8 | €869 | €949 | +€80 | +9.2% |
| Non-recurring operating charges | 66A | - | €7,530 | +€7,530 | |
| Gross operating margin | 9900 | €64,548 | €91,891 | +€27,342 | +42.4% |
| Operating profit (loss) | 9901 | €24,153 | €40,870 | +€16,718 | +69.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €260 | €122 | -€138 | -53.2% |
| Recurring financial charges | 65 | €260 | €122 | -€138 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €23,893 | €40,749 | +€16,856 | +70.5% |
| Income taxes | 67/77 | €6,408 | €15,327 | +€8,919 | +139.2% |
| Profit (loss) for the period | 9904 | €17,485 | €25,422 | +€7,937 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,485 | €25,422 | +€7,937 | +45.4% |
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 8 October 2026 via checked.be.