VISIOPTIC: 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.
VISIOPTIC
Largest movements
- Tangible fixed assets +€31,117
up €31,117 (+95.3%), from €32,654 to €63,770
of which Leasing and similar rights: +€38,922
- Receivables within one year +€6,571
up €6,571 (+32.2%), from €20,399 to €26,970
of which Other amounts receivable: +€5,236
- Stocks and contracts +€4,301
up €4,301 (+23.5%), from €18,332 to €22,633
- Cash -€1,915
down €1,915 (-54.6%), from €3,506 to €1,591
mainly Investment in fixed assets (net) (-€50,852) and Net result for the year (-€7,241)
- Debts after one year +€31,741
up €31,741, from €0 to €31,741
- Trade debts +€12,541
up €12,541 (+38.3%), from €32,722 to €45,263
- Current portion of long-term debt +€7,765
up €7,765 (+949.2%), from €818 to €8,583
- Profit (loss) carried forward -€7,241
down €7,241 (-15.9%), from -€45,587 to -€52,828
- Tax, wage and social debts -€5,944
down €5,944 (-11.4%), from €52,079 to €46,135
of which Taxes: -€6,039
- Gross operating margin -€26,588
down €26,588 (-15.3%), from €173,282 to €146,695
- Staff costs -€15,294
down €15,294 (-11.1%), from €137,965 to €122,671
- Depreciation +€4,590
up €4,590 (+32.4%), from €14,158 to €18,747
- Other operating charges +€4,132
up €4,132 (+185.3%), from €2,229 to €6,361
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 | €75,515 | €116,077 | +€40,562 | +53.7% |
| Fixed assets | 21/28 | €32,778 | €64,883 | +€32,105 | +97.9% |
| Intangible fixed assets | 21 | - | €988 | +€988 | |
| Tangible fixed assets | 22/27 | €32,654 | €63,770 | +€31,117 | +95.3% |
| Plant, machinery and equipment | 23 | €15,804 | €11,554 | -€4,250 | -26.9% |
| Furniture and vehicles | 24 | €9,796 | €5,157 | -€4,639 | -47.4% |
| Leasing and similar rights | 25 | - | €38,922 | +€38,922 | |
| Other tangible fixed assets | 26 | €7,054 | €8,138 | +€1,083 | +15.4% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €42,737 | €51,194 | +€8,457 | +19.8% |
| Stocks and contracts in progress | 3 | €18,332 | €22,633 | +€4,301 | +23.5% |
| Stocks | 30/36 | €18,332 | €22,633 | +€4,301 | +23.5% |
| Amounts receivable within one year | 40/41 | €20,399 | €26,970 | +€6,571 | +32.2% |
| Trade receivables | 40 | €15,741 | €17,076 | +€1,335 | +8.5% |
| Other amounts receivable | 41 | €4,658 | €9,894 | +€5,236 | +112.4% |
| Cash at bank and in hand | 54/58 | €3,506 | €1,591 | -€1,915 | -54.6% |
| Deferred charges and accrued income | 490/1 | €500 | €0 | -€500 | -100.0% |
| Total equity and liabilities | 10/49 | €75,515 | €116,077 | +€40,562 | +53.7% |
| Equity | 10/15 | -€23,587 | -€30,828 | -€7,241 | -30.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,587 | -€52,828 | -€7,241 | -15.9% |
| Amounts payable | 17/49 | €99,102 | €146,905 | +€47,803 | +48.2% |
| Amounts payable after more than one year | 17 | €0 | €31,741 | +€31,741 | |
| Financial debts | 170/4 | €0 | €31,741 | +€31,741 | |
| Amounts payable within one year | 42/48 | €98,165 | €114,440 | +€16,275 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €818 | €8,583 | +€7,765 | +949.2% |
| Financial debts | 43 | €12,546 | €14,459 | +€1,913 | +15.3% |
| Credit institutions | 430/8 | €12,546 | €14,459 | +€1,913 | +15.3% |
| Trade debts | 44 | €32,722 | €45,263 | +€12,541 | +38.3% |
| Suppliers | 440/4 | €32,722 | €45,263 | +€12,541 | +38.3% |
| Taxes, remuneration and social security | 45 | €52,079 | €46,135 | -€5,944 | -11.4% |
| Taxes | 450/3 | €25,206 | €19,167 | -€6,039 | -24.0% |
| Remuneration and social security | 454/9 | €26,873 | €26,967 | +€95 | +0.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €937 | €724 | -€213 | -22.7% |
| Remuneration, social security and pensions | 62 | €137,965 | €122,671 | -€15,294 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,158 | €18,747 | +€4,590 | +32.4% |
| Other operating charges | 640/8 | €2,229 | €6,361 | +€4,132 | +185.3% |
| Gross operating margin | 9900 | €173,282 | €146,695 | -€26,588 | -15.3% |
| Operating profit (loss) | 9901 | €18,930 | -€1,085 | -€20,015 | |
| Financial income | 75/76B | - | €384 | +€384 | |
| Recurring financial income | 75 | - | €384 | +€384 | |
| Financial charges | 65/66B | €5,427 | €4,751 | -€676 | -12.5% |
| Recurring financial charges | 65 | €5,427 | €4,751 | -€676 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €13,503 | -€5,452 | -€18,955 | |
| Income taxes | 67/77 | €686 | €1,789 | +€1,103 | +160.8% |
| Profit (loss) for the period | 9904 | €12,817 | -€7,241 | -€20,058 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,817 | -€7,241 | -€20,058 |
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 3 October 2026 via checked.be.