VISITE: 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.
VISITE
Largest movements
- Tangible fixed assets -€25,780
down €25,780 (-5.2%), from €498,763 to €472,983
of which Land and buildings: -€35,286
- Cash -€11,599
down €11,599 (-66.7%), from €17,392 to €5,793
mainly Debts after one year (-€38,550) and Investment in fixed assets (net) (-€28,853)
- Debts after one year -€38,550
down €38,550 (-8.6%), from €449,039 to €410,489
- Profit (loss) carried forward +€6,564
up €6,564, from -€6,564 to €0
- Other debts -€5,724
down €5,724 (-65.9%), from €8,691 to €2,967
- Gross operating margin -€4,683
down €4,683 (-5.8%), from €80,287 to €75,604
- Depreciation +€1,990
up €1,990 (+4.0%), from €49,468 to €51,458
- Other operating charges +€1,884
up €1,884 (+73.5%), from €2,562 to €4,446
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 | €524,292 | €494,789 | -€29,502 | -5.6% |
| Fixed assets | 21/28 | €499,775 | €477,170 | -€22,605 | -4.5% |
| Intangible fixed assets | 21 | €1,012 | €4,188 | +€3,176 | +313.9% |
| Tangible fixed assets | 22/27 | €498,763 | €472,983 | -€25,780 | -5.2% |
| Land and buildings | 22 | €427,641 | €392,355 | -€35,286 | -8.3% |
| Plant, machinery and equipment | 23 | €24,082 | €34,047 | +€9,965 | +41.4% |
| Furniture and vehicles | 24 | €47,040 | €46,580 | -€459 | -1.0% |
| Current assets | 29/58 | €24,517 | €17,619 | -€6,898 | -28.1% |
| Stocks and contracts in progress | 3 | €3,951 | €4,260 | +€310 | +7.8% |
| Stocks | 30/36 | €3,951 | €4,260 | +€310 | +7.8% |
| Amounts receivable within one year | 40/41 | €822 | €3,164 | +€2,342 | +284.7% |
| Trade receivables | 40 | €414 | €2,964 | +€2,550 | +615.9% |
| Other amounts receivable | 41 | €408 | €200 | -€208 | -51.0% |
| Cash at bank and in hand | 54/58 | €17,392 | €5,793 | -€11,599 | -66.7% |
| Deferred charges and accrued income | 490/1 | €2,352 | €4,402 | +€2,050 | +87.2% |
| Total equity and liabilities | 10/49 | €524,292 | €494,789 | -€29,502 | -5.6% |
| Equity | 10/15 | -€1,564 | €8,951 | +€10,515 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €3,951 | +€3,951 | |
| Distributable reserves | 133 | - | €3,951 | +€3,951 | |
| Profit (loss) carried forward | 14 | -€6,564 | €0 | +€6,564 | |
| Amounts payable | 17/49 | €525,856 | €485,838 | -€40,017 | -7.6% |
| Amounts payable after more than one year | 17 | €449,039 | €410,489 | -€38,550 | -8.6% |
| Financial debts | 170/4 | €449,039 | €410,489 | -€38,550 | -8.6% |
| Amounts payable within one year | 42/48 | €76,817 | €75,349 | -€1,467 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €43,227 | €47,452 | +€4,225 | +9.8% |
| Trade debts | 44 | €9,964 | €5,458 | -€4,506 | -45.2% |
| Suppliers | 440/4 | €9,964 | €5,458 | -€4,506 | -45.2% |
| Advances received on contracts in progress | 46 | €8,350 | €10,607 | +€2,257 | +27.0% |
| Taxes, remuneration and social security | 45 | €6,584 | €8,865 | +€2,281 | +34.6% |
| Taxes | 450/3 | €6,584 | €8,865 | +€2,281 | +34.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,691 | €2,967 | -€5,724 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,468 | €51,458 | +€1,990 | +4.0% |
| Other operating charges | 640/8 | €2,562 | €4,446 | +€1,884 | +73.5% |
| Gross operating margin | 9900 | €80,287 | €75,604 | -€4,683 | -5.8% |
| Operating profit (loss) | 9901 | €28,257 | €19,699 | -€8,557 | -30.3% |
| Financial income | 75/76B | €100 | €584 | +€484 | +484.4% |
| Recurring financial income | 75 | €100 | €584 | +€484 | +484.4% |
| Financial charges | 65/66B | €10,238 | €9,564 | -€675 | -6.6% |
| Recurring financial charges | 65 | €10,238 | €9,564 | -€675 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €18,119 | €10,720 | -€7,398 | -40.8% |
| Income taxes | 67/77 | €205 | €205 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | €17,913 | €10,515 | -€7,398 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,913 | €10,515 | -€7,398 | -41.3% |
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 4 October 2026 via checked.be.