Vismara Belgio: 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.
Vismara Belgio
Largest movements
- Receivables within one year +€47,145
up €47,145 (+70.9%), from €66,530 to €113,675
of which Trade receivables: +€40,879
- Tangible fixed assets -€4,710
down €4,710 (-30.0%), from €15,701 to €10,992
- Stocks and contracts +€4,680
up €4,680 (+50.6%), from €9,252 to €13,931
- Deferred charges and accrued income +€3,367
up €3,367 (+306%), from €1,100 to €4,467
- Cash -€2,521
down €2,521 (-8.9%), from €28,206 to €25,685
mainly Receivables within one year (-€47,145) and Stocks and contracts (-€4,680)
- Trade debts +€46,879
up €46,879 (+78.1%), from €60,043 to €106,922
- Tax, wage and social debts +€2,400
up €2,400 (+12.2%), from €19,631 to €22,031
of which Remuneration and social security: +€2,227
- Staff costs +€9,630
up €9,630 (+11.1%), from €86,576 to €96,206
- Gross operating margin +€4,948
up €4,948 (+4.8%), from €102,497 to €107,445
- Taxes -€1,442
down €1,442 (-33.5%), from €4,309 to €2,867
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 | €123,839 | €171,800 | +€47,961 | +38.7% |
| Fixed assets | 21/28 | €18,751 | €14,042 | -€4,710 | -25.1% |
| Tangible fixed assets | 22/27 | €15,701 | €10,992 | -€4,710 | -30.0% |
| Plant, machinery and equipment | 23 | €2,614 | €1,493 | -€1,121 | -42.9% |
| Furniture and vehicles | 24 | €2,814 | €1,470 | -€1,344 | -47.8% |
| Other tangible fixed assets | 26 | €10,273 | €8,029 | -€2,245 | -21.9% |
| Financial fixed assets | 28 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €105,088 | €157,759 | +€52,671 | +50.1% |
| Stocks and contracts in progress | 3 | €9,252 | €13,931 | +€4,680 | +50.6% |
| Stocks | 30/36 | €9,252 | €13,931 | +€4,680 | +50.6% |
| Amounts receivable within one year | 40/41 | €66,530 | €113,675 | +€47,145 | +70.9% |
| Trade receivables | 40 | €55,503 | €96,382 | +€40,879 | +73.7% |
| Other amounts receivable | 41 | €11,027 | €17,293 | +€6,266 | +56.8% |
| Cash at bank and in hand | 54/58 | €28,206 | €25,685 | -€2,521 | -8.9% |
| Deferred charges and accrued income | 490/1 | €1,100 | €4,467 | +€3,367 | +306% |
| Total equity and liabilities | 10/49 | €123,839 | €171,800 | +€47,961 | +38.7% |
| Equity | 10/15 | €42,381 | €42,541 | +€160 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €36,181 | €36,341 | +€160 | +0.4% |
| Distributable reserves | 133 | €36,181 | €36,341 | +€160 | +0.4% |
| Amounts payable | 17/49 | €81,458 | €129,259 | +€47,801 | +58.7% |
| Amounts payable within one year | 42/48 | €79,893 | €129,259 | +€49,366 | +61.8% |
| Trade debts | 44 | €60,043 | €106,922 | +€46,879 | +78.1% |
| Suppliers | 440/4 | €60,043 | €106,922 | +€46,879 | +78.1% |
| Advances received on contracts in progress | 46 | €38 | €0 | -€38 | -100% |
| Taxes, remuneration and social security | 45 | €19,631 | €22,031 | +€2,400 | +12.2% |
| Taxes | 450/3 | €3,573 | €3,746 | +€172 | +4.8% |
| Remuneration and social security | 454/9 | €16,058 | €18,285 | +€2,227 | +13.9% |
| Other amounts payable | 47/48 | €181 | €306 | +€125 | +69.3% |
| Accrued charges and deferred income | 492/3 | €1,565 | €0 | -€1,565 | -100% |
| Remuneration, social security and pensions | 62 | €86,576 | €96,206 | +€9,630 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,321 | €4,378 | +€57 | +1.3% |
| Other operating charges | 640/8 | €3,072 | €2,748 | -€324 | -10.6% |
| Non-recurring operating charges | 66A | - | €332 | +€332 | |
| Gross operating margin | 9900 | €102,497 | €107,445 | +€4,948 | +4.8% |
| Operating profit (loss) | 9901 | €8,529 | €3,782 | -€4,747 | -55.7% |
| Financial income | 75/76B | €28 | €1 | -€27 | -94.8% |
| Recurring financial income | 75 | €28 | €1 | -€27 | -94.8% |
| Financial charges | 65/66B | €1,189 | €757 | -€433 | -36.4% |
| Recurring financial charges | 65 | €1,189 | €757 | -€433 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €7,368 | €3,027 | -€4,341 | -58.9% |
| Income taxes | 67/77 | €4,309 | €2,867 | -€1,442 | -33.5% |
| Profit (loss) for the period | 9904 | €3,058 | €160 | -€2,898 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,058 | €160 | -€2,898 | -94.8% |
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 25 October 2026 via checked.be.