Visium MV: 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.
Visium MV
Largest movements
- Cash +€45,714
up €45,714 (+90.1%), from €50,751 to €96,466
mainly Net result for the year (+€103,304) and Depreciation (+€20,198)
- Receivables within one year -€16,896
down €16,896 (-8.2%), from €205,452 to €188,557
of which Trade receivables: -€16,896
- Tangible fixed assets -€6,481
down €6,481 (-9.8%), from €66,049 to €59,568
of which Furniture and vehicles: -€6,481
- Profit (loss) carried forward +€103,304
up €103,304 (+62.8%), from €164,502 to €267,806
- Other debts -€38,662
down €38,662 (-99.9%), from €38,717 to €55
- Tax, wage and social debts -€36,536
down €36,536 (-35.1%), from €104,201 to €67,665
of which Taxes: -€36,536
- Debts after one year -€4,060
down €4,060 (-48.5%), from €8,376 to €4,316
- Gross operating margin -€66,917
down €66,917 (-28.3%), from €236,515 to €169,599
- Taxes -€19,339
down €19,339 (-36.0%), from €53,737 to €34,398
- Depreciation +€2,499
up €2,499 (+14.1%), from €17,700 to €20,198
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 | €326,937 | €350,886 | +€23,949 | +7.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €67,199 | €60,568 | -€6,631 | -9.9% |
| Tangible fixed assets | 22/27 | €66,049 | €59,568 | -€6,481 | -9.8% |
| Furniture and vehicles | 24 | €66,049 | €59,568 | -€6,481 | -9.8% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €1,150 | €1,000 | -€150 | -13.0% |
| Current assets | 29/58 | €259,738 | €290,318 | +€30,580 | +11.8% |
| Amounts receivable within one year | 40/41 | €205,452 | €188,557 | -€16,896 | -8.2% |
| Trade receivables | 40 | €205,452 | €188,557 | -€16,896 | -8.2% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €50,751 | €96,466 | +€45,714 | +90.1% |
| Deferred charges and accrued income | 490/1 | €3,534 | €5,296 | +€1,761 | +49.8% |
| Total equity and liabilities | 10/49 | €326,937 | €350,886 | +€23,949 | +7.3% |
| Equity | 10/15 | €166,502 | €269,806 | +€103,304 | +62.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,502 | €267,806 | +€103,304 | +62.8% |
| Amounts payable | 17/49 | €160,436 | €81,080 | -€79,355 | -49.5% |
| Amounts payable after more than one year | 17 | €8,376 | €4,316 | -€4,060 | -48.5% |
| Financial debts | 170/4 | €8,376 | €4,316 | -€4,060 | -48.5% |
| Amounts payable within one year | 42/48 | €152,060 | €76,765 | -€75,295 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €3,820 | €4,060 | +€240 | +6.3% |
| Trade debts | 44 | €5,321 | €4,984 | -€338 | -6.3% |
| Suppliers | 440/4 | €5,321 | €4,984 | -€338 | -6.3% |
| Taxes, remuneration and social security | 45 | €104,201 | €67,665 | -€36,536 | -35.1% |
| Taxes | 450/3 | €104,201 | €67,665 | -€36,536 | -35.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €38,717 | €55 | -€38,662 | -99.9% |
| Turnover | 70 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €911 | €6,678 | +€5,767 | +632.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,700 | €20,198 | +€2,499 | +14.1% |
| Other operating charges | 640/8 | €2,416 | €1,412 | -€1,004 | -41.5% |
| Non-recurring operating charges | 66A | - | €9,289 | +€9,289 | |
| Gross operating margin | 9900 | €236,515 | €169,599 | -€66,917 | -28.3% |
| Operating profit (loss) | 9901 | €216,400 | €138,699 | -€77,701 | -35.9% |
| Financial income | 75/76B | €1 | €0 | -€0 | -42.9% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -42.9% |
| Financial charges | 65/66B | €986 | €997 | +€11 | +1.1% |
| Recurring financial charges | 65 | €986 | €997 | +€11 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €215,414 | €137,702 | -€77,712 | -36.1% |
| Income taxes | 67/77 | €53,737 | €34,398 | -€19,339 | -36.0% |
| Profit (loss) for the period | 9904 | €161,677 | €103,304 | -€58,373 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €161,677 | €103,304 | -€58,373 | -36.1% |
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 6 October 2026 via checked.be.