VISIUM: 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.
VISIUM
Largest movements
- Receivables within one year -€489,495
down €489,495 (-48.8%), from €1.0m to €514,403
- Stocks and contracts +€360,726
new in 2025: €360,726
- Cash -€45,674
down €45,674 (-68.2%), from €66,924 to €21,251
mainly Stocks and contracts (-€360,726) and Other debts (-€181,656)
- Tangible fixed assets +€18,412
up €18,412 (+248%), from €7,436 to €25,847
of which Furniture and vehicles: +€19,465
- Other debts -€181,656
down €181,656 (-17.9%), from €1.0m to €834,614
- Tax, wage and social debts +€31,877
up €31,877 (+81.1%), from €39,298 to €71,175
- Financial income -€29,000
down €29,000 (-36.7%), from €79,000 to €50,001
- Gross operating margin -€10,213
down €10,213 (-6.1%), from €166,284 to €156,071
- Taxes -€6,170
down €6,170 (-10.1%), from €61,103 to €54,933
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.
Derived cash bridge
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 | €1,081,882 | €925,819 | -€156,063 | -14.4% |
| Fixed assets | 21/28 | €9,436 | €27,847 | +€18,412 | +195% |
| Tangible fixed assets | 22/27 | €7,436 | €25,847 | +€18,412 | +248% |
| Furniture and vehicles | 24 | €4,276 | €23,741 | +€19,465 | +455% |
| Other tangible fixed assets | 26 | €3,160 | €2,107 | -€1,053 | -33.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,072,446 | €897,971 | -€174,475 | -16.3% |
| Stocks and contracts in progress | 3 | - | €360,726 | +€360,726 | |
| Stocks | 30/36 | - | €360,726 | +€360,726 | |
| Amounts receivable within one year | 40/41 | €1,003,897 | €514,403 | -€489,495 | -48.8% |
| Other amounts receivable | 41 | €1,003,897 | €514,403 | -€489,495 | -48.8% |
| Cash at bank and in hand | 54/58 | €66,924 | €21,251 | -€45,674 | -68.2% |
| Deferred charges and accrued income | 490/1 | €1,625 | €1,592 | -€33 | -2.0% |
| Total equity and liabilities | 10/49 | €1,081,882 | €925,819 | -€156,063 | -14.4% |
| Equity | 10/15 | €25,571 | €20,000 | -€5,571 | -21.8% |
| Contributions | 10/11 | €22,000 | €20,000 | -€2,000 | -9.1% |
| Profit (loss) carried forward | 14 | €3,571 | - | -€3,571 | |
| Amounts payable | 17/49 | €1,056,311 | €905,819 | -€150,493 | -14.2% |
| Amounts payable within one year | 42/48 | €1,056,311 | €905,819 | -€150,493 | -14.2% |
| Trade debts | 44 | €743 | €29 | -€714 | -96.1% |
| Suppliers | 440/4 | €743 | €29 | -€714 | -96.1% |
| Taxes, remuneration and social security | 45 | €39,298 | €71,175 | +€31,877 | +81.1% |
| Taxes | 450/3 | €39,298 | €71,175 | +€31,877 | +81.1% |
| Other amounts payable | 47/48 | €1,016,271 | €834,614 | -€181,656 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,613 | €6,162 | -€1,451 | -19.1% |
| Other operating charges | 640/8 | €176 | €891 | +€715 | +406% |
| Gross operating margin | 9900 | €166,284 | €156,071 | -€10,213 | -6.1% |
| Operating profit (loss) | 9901 | €158,495 | €149,017 | -€9,477 | -6.0% |
| Financial income | 75/76B | €79,000 | €50,001 | -€29,000 | -36.7% |
| Recurring financial income | 75 | €79,000 | €50,001 | -€29,000 | -36.7% |
| Financial charges | 65/66B | €521 | €268 | -€253 | -48.5% |
| Recurring financial charges | 65 | €521 | €268 | -€253 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €236,974 | €198,750 | -€38,224 | -16.1% |
| Income taxes | 67/77 | €61,103 | €54,933 | -€6,170 | -10.1% |
| Profit (loss) for the period | 9904 | €175,871 | €143,817 | -€32,054 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €175,871 | €143,817 | -€32,054 | -18.2% |
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 15 October 2026 via checked.be.