VISIX: 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.
VISIX
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+137.4%), from €787,290 to €1.9m
of which Leasing and similar rights: +€987,403
- Cash -€328,681
down €328,681 (-93.1%), from €353,135 to €24,455
mainly Investment in fixed assets (net) (-€1.3m) and Short-term financial debts (-€355,584)
- Receivables within one year +€87,355
up €87,355 (+6.2%), from €1.4m to €1.5m
of which Other amounts receivable: +€423,495
- Intangible fixed assets -€74,345
down €74,345 (-33.7%), from €220,640 to €146,295
- Debts after one year +€758,153
up €758,153 (+142.9%), from €530,460 to €1.3m
- Short-term financial debts -€355,584
down €355,584 (-38.1%), from €932,691 to €577,106
- Advances received +€256,178
up €256,178 (+2490.1%), from €10,288 to €266,466
- Profit (loss) carried forward +€103,632
up €103,632 (+11.2%), from €921,194 to €1.0m
- Reserves +€100,758
up €100,758 (+17.3%), from €582,038 to €682,796
of which Tax-exempt reserves: +€100,758
- Gross operating margin +€151,486
up €151,486 (+5.3%), from €2.9m to €3.0m
- Write-downs +€88,724
up €88,724, from -€47,992 to €40,732
- Depreciation -€88,524
down €88,524 (-23.5%), from €377,133 to €288,609
- Financial charges +€56,967
up €56,967 (+71.4%), from €79,805 to €136,772
of which Financial charges: +€56,967
- Taxes -€32,010
down €32,010 (-56.0%), from €57,131 to €25,121
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,725,045 | €5,397,893 | +€672,848 | +14.2% |
| Fixed assets | 21/28 | €1,526,803 | €2,534,453 | +€1.0m | +66.0% |
| Intangible fixed assets | 21 | €220,640 | €146,295 | -€74,345 | -33.7% |
| Tangible fixed assets | 22/27 | €787,290 | €1,869,284 | +€1.1m | +137.4% |
| Plant, machinery and equipment | 23 | €216,482 | €279,309 | +€62,827 | +29.0% |
| Furniture and vehicles | 24 | €31,433 | €43,152 | +€11,720 | +37.3% |
| Leasing and similar rights | 25 | €246,768 | €1,234,171 | +€987,403 | +400.1% |
| Other tangible fixed assets | 26 | €292,607 | €312,652 | +€20,045 | +6.9% |
| Financial fixed assets | 28 | €518,873 | €518,873 | = | 0.0% |
| Current assets | 29/58 | €3,198,241 | €2,863,440 | -€334,801 | -10.5% |
| Stocks and contracts in progress | 3 | €1,371,600 | €1,327,366 | -€44,234 | -3.2% |
| Stocks | 30/36 | €1,371,600 | €1,327,366 | -€44,234 | -3.2% |
| Amounts receivable within one year | 40/41 | €1,398,542 | €1,485,897 | +€87,355 | +6.2% |
| Trade receivables | 40 | €1,292,420 | €956,280 | -€336,139 | -26.0% |
| Other amounts receivable | 41 | €106,122 | €529,616 | +€423,495 | +399.1% |
| Cash at bank and in hand | 54/58 | €353,135 | €24,455 | -€328,681 | -93.1% |
| Deferred charges and accrued income | 490/1 | €74,964 | €25,722 | -€49,242 | -65.7% |
| Total equity and liabilities | 10/49 | €4,725,045 | €5,397,893 | +€672,848 | +14.2% |
| Equity | 10/15 | €1,578,231 | €1,782,621 | +€204,390 | +13.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €582,038 | €682,796 | +€100,758 | +17.3% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €35 | €100,793 | +€100,758 | +287880.0% |
| Distributable reserves | 133 | €574,503 | €574,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | €921,194 | €1,024,825 | +€103,632 | +11.2% |
| Provisions and deferred taxes | 16 | - | €33,586 | +€33,586 | |
| Deferred taxes | 168 | - | €33,586 | +€33,586 | |
| Amounts payable | 17/49 | €3,146,813 | €3,581,686 | +€434,872 | +13.8% |
| Amounts payable after more than one year | 17 | €530,460 | €1,288,613 | +€758,153 | +142.9% |
| Financial debts | 170/4 | €530,460 | €1,288,613 | +€758,153 | +142.9% |
| Amounts payable within one year | 42/48 | €2,526,698 | €2,289,930 | -€236,768 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €376,912 | €290,351 | -€86,561 | -23.0% |
| Financial debts | 43 | €932,691 | €577,106 | -€355,584 | -38.1% |
| Credit institutions | 430/8 | €932,691 | €577,106 | -€355,584 | -38.1% |
| Trade debts | 44 | €813,649 | €852,157 | +€38,508 | +4.7% |
| Suppliers | 440/4 | €813,649 | €852,157 | +€38,508 | +4.7% |
| Advances received on contracts in progress | 46 | €10,288 | €266,466 | +€256,178 | +2490.1% |
| Taxes, remuneration and social security | 45 | €335,081 | €303,709 | -€31,372 | -9.4% |
| Taxes | 450/3 | €84,678 | €60,773 | -€23,905 | -28.2% |
| Remuneration and social security | 454/9 | €250,404 | €242,936 | -€7,468 | -3.0% |
| Other amounts payable | 47/48 | €58,077 | €140 | -€57,937 | -99.8% |
| Accrued charges and deferred income | 492/3 | €89,656 | €3,143 | -€86,513 | -96.5% |
| Non-recurring operating income | 76A | €33,847 | €135,265 | +€101,418 | +299.6% |
| Remuneration, social security and pensions | 62 | €2,297,194 | €2,297,073 | -€120 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377,133 | €288,609 | -€88,524 | -23.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€47,992 | €40,732 | +€88,724 | |
| Other operating charges | 640/8 | €13,877 | €9,484 | -€4,393 | -31.7% |
| Non-recurring operating charges | 66A | €26,143 | €20,425 | -€5,718 | -21.9% |
| Gross operating margin | 9900 | €2,864,339 | €3,015,825 | +€151,486 | +5.3% |
| Operating profit (loss) | 9901 | €197,985 | €359,502 | +€161,518 | +81.6% |
| Financial income | 75/76B | €44,160 | €40,366 | -€3,794 | -8.6% |
| Recurring financial income | 75 | €44,160 | €40,366 | -€3,794 | -8.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €79,805 | €136,772 | +€56,967 | +71.4% |
| Recurring financial charges | 65 | €79,805 | €136,772 | +€56,967 | +71.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €162,340 | €263,096 | +€100,756 | +62.1% |
| Transfer from deferred taxes | 780 | - | €105 | +€105 | |
| Transfer to deferred taxes | 680 | - | €33,691 | +€33,691 | |
| Income taxes | 67/77 | €57,131 | €25,121 | -€32,010 | -56.0% |
| Profit (loss) for the period | 9904 | €105,209 | €204,390 | +€99,181 | +94.3% |
| Transfer from tax-exempt reserves | 789 | - | €316 | +€316 | |
| Transfer to tax-exempt reserves | 689 | - | €101,074 | +€101,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,209 | €103,632 | -€1,577 | -1.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.