VISIONLINE: 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.
VISIONLINE
Largest movements
- Receivables within one year -€28,089
down €28,089 (-41.7%), from €67,436 to €39,347
of which Other amounts receivable: -€36,195
- Deferred charges and accrued income -€12,748
down €12,748 (-89.2%), from €14,297 to €1,549
- Tangible fixed assets +€7,328
up €7,328 (+12.4%), from €58,876 to €66,204
of which Land and buildings: +€26,142
- Reserves -€16,242
down €16,242 (-10.6%), from €152,613 to €136,371
of which Distributable reserves: -€16,242
- Other debts -€13,944
down €13,944 (-86.0%), from €16,205 to €2,262
- Current portion of long-term debt -€11,086
down €11,086 (-100.0%), from €11,086 to €0
- Tax, wage and social debts +€10,601
up €10,601 (+106.0%), from €10,003 to €20,604
of which Taxes: +€6,640
- Trade debts -€4,221
down €4,221 (-55.2%), from €7,650 to €3,429
- Gross operating margin -€6,758
down €6,758 (-14.4%), from €46,806 to €40,048
- Financial income -€4,498
down €4,498 (-99.7%), from €4,511 to €13
- Taxes -€2,216
down €2,216 (-25.1%), from €8,816 to €6,600
- Other operating charges -€1,297
down €1,297 (-58.2%), from €2,229 to €931
- Depreciation -€554
down €554 (-2.6%), from €21,463 to €20,909
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 | €247,052 | €212,160 | -€34,892 | -14.1% |
| Fixed assets | 21/28 | €58,876 | €66,204 | +€7,328 | +12.4% |
| Tangible fixed assets | 22/27 | €58,876 | €66,204 | +€7,328 | +12.4% |
| Land and buildings | 22 | €2,168 | €28,310 | +€26,142 | +1205.7% |
| Plant, machinery and equipment | 23 | €1,694 | €4,872 | +€3,178 | +187.5% |
| Furniture and vehicles | 24 | €55,013 | €33,021 | -€21,992 | -40.0% |
| Current assets | 29/58 | €188,176 | €145,956 | -€42,220 | -22.4% |
| Amounts receivable after more than one year | 29 | €58,000 | €58,000 | = | 0.0% |
| Other amounts receivable | 291 | €58,000 | €58,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,436 | €39,347 | -€28,089 | -41.7% |
| Trade receivables | 40 | €16,805 | €24,912 | +€8,106 | +48.2% |
| Other amounts receivable | 41 | €50,630 | €14,435 | -€36,195 | -71.5% |
| Cash at bank and in hand | 54/58 | €48,443 | €47,061 | -€1,382 | -2.9% |
| Deferred charges and accrued income | 490/1 | €14,297 | €1,549 | -€12,748 | -89.2% |
| Total equity and liabilities | 10/49 | €247,052 | €212,160 | -€34,892 | -14.1% |
| Equity | 10/15 | €202,108 | €185,865 | -€16,242 | -8.0% |
| Contributions | 10/11 | €12,867 | €12,867 | = | 0.0% |
| Reserves | 13 | €152,613 | €136,371 | -€16,242 | -10.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,293 | €5,293 | = | 0.0% |
| Distributable reserves | 133 | €147,319 | €131,077 | -€16,242 | -11.0% |
| Profit (loss) carried forward | 14 | €36,628 | €36,628 | = | 0.0% |
| Amounts payable | 17/49 | €44,944 | €26,295 | -€18,650 | -41.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,944 | €26,295 | -€18,650 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €11,086 | €0 | -€11,086 | -100.0% |
| Trade debts | 44 | €7,650 | €3,429 | -€4,221 | -55.2% |
| Suppliers | 440/4 | €7,650 | €3,429 | -€4,221 | -55.2% |
| Taxes, remuneration and social security | 45 | €10,003 | €20,604 | +€10,601 | +106.0% |
| Taxes | 450/3 | €10,003 | €16,643 | +€6,640 | +66.4% |
| Remuneration and social security | 454/9 | - | €3,961 | +€3,961 | |
| Other amounts payable | 47/48 | €16,205 | €2,262 | -€13,944 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,463 | €20,909 | -€554 | -2.6% |
| Other operating charges | 640/8 | €2,229 | €931 | -€1,297 | -58.2% |
| Gross operating margin | 9900 | €46,806 | €40,048 | -€6,758 | -14.4% |
| Operating profit (loss) | 9901 | €23,114 | €18,207 | -€4,907 | -21.2% |
| Financial income | 75/76B | €4,511 | €13 | -€4,498 | -99.7% |
| Recurring financial income | 75 | €4,511 | €13 | -€4,498 | -99.7% |
| Financial charges | 65/66B | €750 | €911 | +€161 | +21.5% |
| Recurring financial charges | 65 | €750 | €911 | +€161 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €26,876 | €17,309 | -€9,566 | -35.6% |
| Income taxes | 67/77 | €8,816 | €6,600 | -€2,216 | -25.1% |
| Profit (loss) for the period | 9904 | €18,060 | €10,710 | -€7,351 | -40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,060 | €10,710 | -€7,351 | -40.7% |
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.