Visiontrade: 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.
Visiontrade
Largest movements
- Current investments -€233,896
down €233,896 (-24.2%), from €965,997 to €732,101
- Cash +€83,359
up €83,359 (+216.2%), from €38,549 to €121,908
mainly Current investments (+€233,896) and Depreciation (+€59,287)
- Tangible fixed assets -€54,182
down €54,182 (-7.4%), from €731,877 to €677,695
of which Furniture and vehicles: -€31,117
- Receivables within one year -€41,922
down €41,922 (-96.2%), from €43,581 to €1,658
- Stocks and contracts +€26,332
up €26,332 (+3.3%), from €794,036 to €820,369
- Profit (loss) carried forward -€114,179
new in 2025: -€114,179
- Other debts -€101,944
no longer reported in 2025 (was €101,944)
- Gross operating margin +€187,880
up €187,880 (+64.6%), from -€291,001 to -€103,121
- Financial income +€18,829
up €18,829 (+47.4%), from €39,737 to €58,566
- Taxes -€8,616
down €8,616 (-96.4%), from €8,935 to €319
- Depreciation -€5,845
down €5,845 (-9.0%), from €65,132 to €59,287
- Financial charges +€3,247
up €3,247 (+122.2%), from €2,657 to €5,904
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 | €2,577,188 | €2,356,709 | -€220,479 | -8.6% |
| Fixed assets | 21/28 | €731,877 | €677,695 | -€54,182 | -7.4% |
| Tangible fixed assets | 22/27 | €731,877 | €677,695 | -€54,182 | -7.4% |
| Land and buildings | 22 | €529,011 | €506,910 | -€22,101 | -4.2% |
| Plant, machinery and equipment | 23 | €3,065 | €2,101 | -€964 | -31.5% |
| Furniture and vehicles | 24 | €199,801 | €168,684 | -€31,117 | -15.6% |
| Current assets | 29/58 | €1,845,311 | €1,679,014 | -€166,297 | -9.0% |
| Stocks and contracts in progress | 3 | €794,036 | €820,369 | +€26,332 | +3.3% |
| Stocks | 30/36 | €794,036 | €820,369 | +€26,332 | +3.3% |
| Amounts receivable within one year | 40/41 | €43,581 | €1,658 | -€41,922 | -96.2% |
| Other amounts receivable | 41 | €43,581 | €1,658 | -€41,922 | -96.2% |
| Current investments | 50/53 | €965,997 | €732,101 | -€233,896 | -24.2% |
| Cash at bank and in hand | 54/58 | €38,549 | €121,908 | +€83,359 | +216.2% |
| Deferred charges and accrued income | 490/1 | €3,148 | €2,978 | -€170 | -5.4% |
| Total equity and liabilities | 10/49 | €2,577,188 | €2,356,709 | -€220,479 | -8.6% |
| Equity | 10/15 | €2,442,335 | €2,328,156 | -€114,179 | -4.7% |
| Contributions | 10/11 | €70,100 | €70,100 | = | 0.0% |
| Outside capital | 11 | €70,100 | €70,100 | = | 0.0% |
| Other | 1109/19 | €70,100 | €70,100 | = | 0.0% |
| Reserves | 13 | €2,372,235 | €2,372,235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,158 | €14,158 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,158 | €14,158 | = | 0.0% |
| Tax-exempt reserves | 132 | €507,807 | €507,807 | = | 0.0% |
| Distributable reserves | 133 | €1,850,270 | €1,850,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€114,179 | -€114,179 | |
| Amounts payable | 17/49 | €134,853 | €28,553 | -€106,301 | -78.8% |
| Amounts payable within one year | 42/48 | €134,853 | €15,219 | -€119,634 | -88.7% |
| Trade debts | 44 | €5,418 | €2,719 | -€2,698 | -49.8% |
| Suppliers | 440/4 | €5,418 | €2,719 | -€2,698 | -49.8% |
| Taxes, remuneration and social security | 45 | €27,492 | €12,500 | -€14,992 | -54.5% |
| Taxes | 450/3 | €24,586 | €12,500 | -€12,086 | -49.2% |
| Remuneration and social security | 454/9 | €2,906 | - | -€2,906 | |
| Other amounts payable | 47/48 | €101,944 | - | -€101,944 | |
| Accrued charges and deferred income | 492/3 | - | €13,333 | +€13,333 | |
| Remuneration, social security and pensions | 62 | €2,330 | €688 | -€1,643 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,132 | €59,287 | -€5,845 | -9.0% |
| Other operating charges | 640/8 | €3,443 | €3,425 | -€18 | -0.5% |
| Gross operating margin | 9900 | -€291,001 | -€103,121 | +€187,880 | +64.6% |
| Operating profit (loss) | 9901 | -€361,906 | -€166,521 | +€195,385 | +54.0% |
| Financial income | 75/76B | €39,737 | €58,566 | +€18,829 | +47.4% |
| Recurring financial income | 75 | €39,737 | €58,566 | +€18,829 | +47.4% |
| Financial charges | 65/66B | €2,657 | €5,904 | +€3,247 | +122.2% |
| Recurring financial charges | 65 | €2,657 | €5,904 | +€3,247 | +122.2% |
| Profit (loss) for the period before taxes | 9903 | -€324,826 | -€113,860 | +€210,967 | +64.9% |
| Income taxes | 67/77 | €8,935 | €319 | -€8,616 | -96.4% |
| Profit (loss) for the period | 9904 | -€333,761 | -€114,179 | +€219,583 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€333,761 | -€114,179 | +€219,583 | +65.8% |
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 2 October 2026 via checked.be.