Visioning T&P: 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.
Visioning T&P
Largest movements
- Cash -€44,863
down €44,863 (-71.2%), from €62,993 to €18,129
mainly Contributions, distributions and other (-€68,992) and Other debts (-€30,684)
- Receivables after one year -€22,000
down €22,000 (-52.4%), from €42,000 to €20,000
- Receivables within one year +€17,680
up €17,680 (+7,620%), from €232 to €17,912
of which Trade receivables: +€16,094
- Other debts -€30,684
down €30,684 (-64.8%), from €47,384 to €16,700
- Reserves -€22,292
down €22,292 (-48.3%), from €46,195 to €23,903
- Tax, wage and social debts +€2,294
up €2,294 (+20.8%), from €11,021 to €13,315
of which Remuneration and social security: +€3,959
No income-statement line moved by more than 1% of the activity.
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,917 | €57,422 | -€50,495 | -46.8% |
| Fixed assets | 21/28 | €2,316 | €1,246 | -€1,069 | -46.2% |
| Tangible fixed assets | 22/27 | €2,316 | €1,246 | -€1,069 | -46.2% |
| Furniture and vehicles | 24 | €2,316 | €1,246 | -€1,069 | -46.2% |
| Current assets | 29/58 | €105,601 | €56,176 | -€49,425 | -46.8% |
| Amounts receivable after more than one year | 29 | €42,000 | €20,000 | -€22,000 | -52.4% |
| Other amounts receivable | 291 | €42,000 | €20,000 | -€22,000 | -52.4% |
| Amounts receivable within one year | 40/41 | €232 | €17,912 | +€17,680 | +7,620% |
| Trade receivables | 40 | - | €16,094 | +€16,094 | |
| Other amounts receivable | 41 | €232 | €1,818 | +€1,586 | +683% |
| Cash at bank and in hand | 54/58 | €62,993 | €18,129 | -€44,863 | -71.2% |
| Deferred charges and accrued income | 490/1 | €376 | €135 | -€242 | -64.2% |
| Total equity and liabilities | 10/49 | €107,917 | €57,422 | -€50,495 | -46.8% |
| Equity | 10/15 | €48,245 | €25,953 | -€22,292 | -46.2% |
| Contributions | 10/11 | €2,050 | €2,050 | = | 0.0% |
| Reserves | 13 | €46,195 | €23,903 | -€22,292 | -48.3% |
| Distributable reserves | 133 | €46,195 | €23,903 | -€22,292 | -48.3% |
| Amounts payable | 17/49 | €59,671 | €31,469 | -€28,202 | -47.3% |
| Amounts payable within one year | 42/48 | €59,671 | €31,469 | -€28,202 | -47.3% |
| Trade debts | 44 | €1,267 | €1,454 | +€187 | +14.8% |
| Suppliers | 440/4 | €1,267 | €1,454 | +€187 | +14.8% |
| Taxes, remuneration and social security | 45 | €11,021 | €13,315 | +€2,294 | +20.8% |
| Taxes | 450/3 | €11,021 | €9,357 | -€1,665 | -15.1% |
| Remuneration and social security | 454/9 | - | €3,959 | +€3,959 | |
| Other amounts payable | 47/48 | €47,384 | €16,700 | -€30,684 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,069 | €1,069 | = | 0.0% |
| Other operating charges | 640/8 | €574 | €606 | +€33 | +5.7% |
| Gross operating margin | 9900 | €61,042 | €60,924 | -€118 | -0.2% |
| Operating profit (loss) | 9901 | €59,399 | €59,248 | -€151 | -0.3% |
| Financial income | 75/76B | €985 | €579 | -€406 | -41.2% |
| Recurring financial income | 75 | €985 | €579 | -€406 | -41.2% |
| Financial charges | 65/66B | €217 | €374 | +€157 | +72.6% |
| Recurring financial charges | 65 | €217 | €374 | +€157 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | €60,167 | €59,454 | -€714 | -1.2% |
| Income taxes | 67/77 | €12,784 | €12,754 | -€30 | -0.2% |
| Profit (loss) for the period | 9904 | €47,384 | €46,700 | -€684 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,384 | €46,700 | -€684 | -1.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.