VISIONG@TE: 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.
VISIONG@TE
Largest movements
- Tangible fixed assets -€24,041
down €24,041 (-32.0%), from €75,110 to €51,069
of which Furniture and vehicles: -€22,433
- Receivables within one year +€13,057
up €13,057 (+12.4%), from €104,990 to €118,047
of which Other amounts receivable: +€9,816
- Cash +€8,013
up €8,013, from €0 to €8,013
mainly Other debts (+€30,936) and Net result for the year (+€28,055)
- Deferred charges and accrued income -€4,207
down €4,207 (-95.4%), from €4,409 to €202
- Other debts +€30,936
new in 2025: €30,936
- Reserves -€26,480
down €26,480 (-28.1%), from €94,242 to €67,762
- Debts after one year -€8,105
down €8,105 (-59.8%), from €13,552 to €5,448
- Tax, wage and social debts +€5,656
up €5,656 (+35.0%), from €16,166 to €21,822
of which Taxes: +€5,689
- Short-term financial debts -€4,954
down €4,954 (-100.0%), from €4,954 to €0
- Gross operating margin +€9,708
up €9,708 (+18.8%), from €51,708 to €61,416
- Taxes +€5,621
up €5,621 (+80.4%), from €6,990 to €12,611
- Depreciation -€1,475
down €1,475 (-5.8%), from €25,516 to €24,041
- Financial income +€1,457
up €1,457 (+34.8%), from €4,183 to €5,639
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 | €184,509 | €177,330 | -€7,179 | -3.9% |
| Fixed assets | 21/28 | €75,110 | €51,069 | -€24,041 | -32.0% |
| Tangible fixed assets | 22/27 | €75,110 | €51,069 | -€24,041 | -32.0% |
| Plant, machinery and equipment | 23 | €5,311 | €3,703 | -€1,608 | -30.3% |
| Furniture and vehicles | 24 | €69,799 | €47,366 | -€22,433 | -32.1% |
| Current assets | 29/58 | €109,399 | €126,261 | +€16,862 | +15.4% |
| Amounts receivable within one year | 40/41 | €104,990 | €118,047 | +€13,057 | +12.4% |
| Trade receivables | 40 | €12,773 | €16,014 | +€3,241 | +25.4% |
| Other amounts receivable | 41 | €92,217 | €102,033 | +€9,816 | +10.6% |
| Cash at bank and in hand | 54/58 | €0 | €8,013 | +€8,013 | |
| Deferred charges and accrued income | 490/1 | €4,409 | €202 | -€4,207 | -95.4% |
| Total equity and liabilities | 10/49 | €184,509 | €177,330 | -€7,179 | -3.9% |
| Equity | 10/15 | €135,943 | €109,463 | -€26,480 | -19.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €94,242 | €67,762 | -€26,480 | -28.1% |
| Distributable reserves | 133 | €94,242 | €67,762 | -€26,480 | -28.1% |
| Profit (loss) carried forward | 14 | €21,241 | €21,241 | = | 0.0% |
| Amounts payable | 17/49 | €48,566 | €67,867 | +€19,301 | +39.7% |
| Amounts payable after more than one year | 17 | €13,552 | €5,448 | -€8,105 | -59.8% |
| Financial debts | 170/4 | €13,552 | €5,448 | -€8,105 | -59.8% |
| Amounts payable within one year | 42/48 | €35,013 | €62,419 | +€27,406 | +78.3% |
| Current portion of amounts payable after more than one year | 42 | €8,025 | €8,105 | +€79 | +1.0% |
| Financial debts | 43 | €4,954 | €0 | -€4,954 | -100.0% |
| Credit institutions | 430/8 | €4,954 | €0 | -€4,954 | -100.0% |
| Trade debts | 44 | €5,868 | €1,557 | -€4,311 | -73.5% |
| Suppliers | 440/4 | €5,868 | €1,557 | -€4,311 | -73.5% |
| Taxes, remuneration and social security | 45 | €16,166 | €21,822 | +€5,656 | +35.0% |
| Taxes | 450/3 | €13,089 | €18,778 | +€5,689 | +43.5% |
| Remuneration and social security | 454/9 | €3,077 | €3,044 | -€32 | -1.1% |
| Other amounts payable | 47/48 | - | €30,936 | +€30,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,516 | €24,041 | -€1,475 | -5.8% |
| Other operating charges | 640/8 | €882 | €1,339 | +€458 | +51.9% |
| Gross operating margin | 9900 | €51,708 | €61,416 | +€9,708 | +18.8% |
| Operating profit (loss) | 9901 | €25,310 | €36,036 | +€10,726 | +42.4% |
| Financial income | 75/76B | €4,183 | €5,639 | +€1,457 | +34.8% |
| Recurring financial income | 75 | €4,183 | €5,639 | +€1,457 | +34.8% |
| Financial charges | 65/66B | €1,261 | €1,009 | -€252 | -20.0% |
| Recurring financial charges | 65 | €1,261 | €1,009 | -€252 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €28,232 | €40,666 | +€12,434 | +44.0% |
| Income taxes | 67/77 | €6,990 | €12,611 | +€5,621 | +80.4% |
| Profit (loss) for the period | 9904 | €21,241 | €28,055 | +€6,813 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,241 | €28,055 | +€6,813 | +32.1% |
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 11 October 2026 via checked.be.