VisionFlyer: 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.
VisionFlyer
Largest movements
- Stocks and contracts +€88,331
up €88,331 (+21.9%), from €403,889 to €492,220
- Deferred charges and accrued income -€33,446
down €33,446 (-40.4%), from €82,881 to €49,435
- Cash -€32,600
down €32,600 (-91.4%), from €35,679 to €3,078
mainly Stocks and contracts (-€88,331) and Tax, wage and social debts (-€33,823)
- Short-term financial debts +€42,631
up €42,631, from €0 to €42,631
- Tax, wage and social debts -€33,823
down €33,823 (-54.2%), from €62,417 to €28,593
of which Taxes: -€30,895
- Debts after one year -€14,394
down €14,394 (-4.7%), from €306,930 to €292,536
of which Financial debts: -€14,394
- Reserves +€14,286
up €14,286 (+8.6%), from €165,918 to €180,204
of which Distributable reserves: +€14,286
- Other debts +€9,644
up €9,644 (+6.0%), from €160,366 to €170,010
- Other operating charges +€2,792
up €2,792 (+66.0%), from €4,232 to €7,023
- Depreciation -€1,544
down €1,544 (-8.8%), from €17,469 to €15,925
- Taxes +€887
new in 2025: €887
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 | €760,088 | €779,541 | +€19,454 | +2.6% |
| Fixed assets | 21/28 | €234,432 | €229,607 | -€4,825 | -2.1% |
| Tangible fixed assets | 22/27 | €233,632 | €228,807 | -€4,825 | -2.1% |
| Land and buildings | 22 | €230,886 | €220,270 | -€10,615 | -4.6% |
| Plant, machinery and equipment | 23 | - | €4,997 | +€4,997 | |
| Furniture and vehicles | 24 | €2,746 | €3,539 | +€793 | +28.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €525,656 | €549,935 | +€24,279 | +4.6% |
| Stocks and contracts in progress | 3 | €403,889 | €492,220 | +€88,331 | +21.9% |
| Stocks | 30/36 | €403,889 | €492,220 | +€88,331 | +21.9% |
| Amounts receivable within one year | 40/41 | €2,957 | €4,951 | +€1,994 | +67.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,957 | €4,951 | +€1,994 | +67.4% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,679 | €3,078 | -€32,600 | -91.4% |
| Deferred charges and accrued income | 490/1 | €82,881 | €49,435 | -€33,446 | -40.4% |
| Total equity and liabilities | 10/49 | €760,088 | €779,541 | +€19,454 | +2.6% |
| Equity | 10/15 | €184,518 | €198,804 | +€14,286 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,918 | €180,204 | +€14,286 | +8.6% |
| Non-distributable reserves | 130/1 | €5,169 | €5,169 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,169 | €5,169 | = | 0.0% |
| Distributable reserves | 133 | €160,749 | €175,035 | +€14,286 | +8.9% |
| Amounts payable | 17/49 | €575,570 | €580,738 | +€5,168 | +0.9% |
| Amounts payable after more than one year | 17 | €306,930 | €292,536 | -€14,394 | -4.7% |
| Financial debts | 170/4 | €182,930 | €168,536 | -€14,394 | -7.9% |
| Other amounts payable | 178/9 | €124,000 | €124,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €250,261 | €275,348 | +€25,087 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €14,022 | €15,266 | +€1,244 | +8.9% |
| Financial debts | 43 | €0 | €42,631 | +€42,631 | |
| Credit institutions | 430/8 | €0 | €42,631 | +€42,631 | |
| Trade debts | 44 | €13,085 | €17,947 | +€4,863 | +37.2% |
| Suppliers | 440/4 | €13,085 | €17,947 | +€4,863 | +37.2% |
| Advances received on contracts in progress | 46 | €371 | €900 | +€529 | +142.7% |
| Taxes, remuneration and social security | 45 | €62,417 | €28,593 | -€33,823 | -54.2% |
| Taxes | 450/3 | €59,489 | €28,593 | -€30,895 | -51.9% |
| Remuneration and social security | 454/9 | €2,928 | €0 | -€2,928 | -100.0% |
| Other amounts payable | 47/48 | €160,366 | €170,010 | +€9,644 | +6.0% |
| Accrued charges and deferred income | 492/3 | €18,379 | €12,854 | -€5,526 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,469 | €15,925 | -€1,544 | -8.8% |
| Other operating charges | 640/8 | €4,232 | €7,023 | +€2,792 | +66.0% |
| Gross operating margin | 9900 | €57,151 | €57,155 | +€5 | 0.0% |
| Operating profit (loss) | 9901 | €35,450 | €34,207 | -€1,242 | -3.5% |
| Financial income | 75/76B | €45 | €206 | +€161 | +358.2% |
| Recurring financial income | 75 | €45 | €206 | +€161 | +358.2% |
| Financial charges | 65/66B | €18,894 | €19,241 | +€347 | +1.8% |
| Recurring financial charges | 65 | €18,894 | €19,241 | +€347 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €16,601 | €15,173 | -€1,428 | -8.6% |
| Income taxes | 67/77 | - | €887 | +€887 | |
| Profit (loss) for the period | 9904 | €16,601 | €14,286 | -€2,315 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,601 | €14,286 | -€2,315 | -13.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.