VISMET: what changed
VISMET
Largest movements
- Receivables within one year +€215,178
up €215,178 (+323%), from €66,562 to €281,740
of which Trade receivables: +€206,901
- Cash -€33,642
down €33,642 (-34.3%), from €98,187 to €64,545
mainly Receivables within one year (-€215,178) and Tax, wage and social debts (-€18,079)
- Tangible fixed assets -€16,528
down €16,528 (-32.5%), from €50,789 to €34,260
of which Plant, machinery and equipment: -€12,726
- Trade debts +€168,431
up €168,431 (+126%), from €133,955 to €302,386
- Tax, wage and social debts -€18,079
down €18,079 (-93.0%), from €19,440 to €1,361
of which Taxes: -€16,778
- Profit (loss) carried forward +€13,571
up €13,571 (+25.1%), from €54,021 to €67,592
- Gross operating margin +€49,212
up €49,212 (+17.9%), from €274,305 to €323,517
- Staff costs +€25,176
up €25,176 (+10.3%), from €245,562 to €270,738
- Financial income +€5,528
up €5,528 (+226%), from €2,447 to €7,975
- Financial charges -€3,716
down €3,716 (-24.3%), from €15,271 to €11,555
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,876 | €391,798 | +€163,922 | +71.9% |
| Fixed assets | 21/28 | €50,789 | €34,260 | -€16,528 | -32.5% |
| Tangible fixed assets | 22/27 | €50,789 | €34,260 | -€16,528 | -32.5% |
| Plant, machinery and equipment | 23 | €41,897 | €29,172 | -€12,726 | -30.4% |
| Furniture and vehicles | 24 | €7,745 | €4,080 | -€3,666 | -47.3% |
| Other tangible fixed assets | 26 | €1,146 | €1,009 | -€137 | -12.0% |
| Current assets | 29/58 | €177,087 | €357,538 | +€180,451 | +102% |
| Stocks and contracts in progress | 3 | €9,394 | €9,867 | +€473 | +5.0% |
| Stocks | 30/36 | €9,394 | €9,867 | +€473 | +5.0% |
| Amounts receivable within one year | 40/41 | €66,562 | €281,740 | +€215,178 | +323% |
| Trade receivables | 40 | €47,856 | €254,756 | +€206,901 | +432% |
| Other amounts receivable | 41 | €18,706 | €26,983 | +€8,277 | +44.2% |
| Cash at bank and in hand | 54/58 | €98,187 | €64,545 | -€33,642 | -34.3% |
| Deferred charges and accrued income | 490/1 | €2,944 | €1,386 | -€1,558 | -52.9% |
| Total equity and liabilities | 10/49 | €227,876 | €391,798 | +€163,922 | +71.9% |
| Equity | 10/15 | €74,481 | €88,052 | +€13,571 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €54,021 | €67,592 | +€13,571 | +25.1% |
| Amounts payable | 17/49 | €153,395 | €303,746 | +€150,351 | +98.0% |
| Amounts payable within one year | 42/48 | €153,395 | €303,746 | +€150,351 | +98.0% |
| Trade debts | 44 | €133,955 | €302,386 | +€168,431 | +126% |
| Suppliers | 440/4 | €133,955 | €302,386 | +€168,431 | +126% |
| Taxes, remuneration and social security | 45 | €19,440 | €1,361 | -€18,079 | -93.0% |
| Taxes | 450/3 | €17,057 | €280 | -€16,778 | -98.4% |
| Remuneration and social security | 454/9 | €2,383 | €1,081 | -€1,302 | -54.6% |
| Remuneration, social security and pensions | 62 | €245,562 | €270,738 | +€25,176 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,898 | €11,740 | +€842 | +7.7% |
| Other operating charges | 640/8 | €8,229 | €9,015 | +€786 | +9.6% |
| Non-recurring operating charges | 66A | €58 | €14,733 | +€14,675 | +25,302% |
| Gross operating margin | 9900 | €274,305 | €323,517 | +€49,212 | +17.9% |
| Operating profit (loss) | 9901 | €9,558 | €17,290 | +€7,732 | +80.9% |
| Financial income | 75/76B | €2,447 | €7,975 | +€5,528 | +226% |
| Recurring financial income | 75 | €2,447 | €7,975 | +€5,528 | +226% |
| Financial charges | 65/66B | €15,271 | €11,555 | -€3,716 | -24.3% |
| Recurring financial charges | 65 | €15,271 | €11,555 | -€3,716 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,266 | €13,710 | +€16,976 | |
| Income taxes | 67/77 | €140 | €140 | -€0 | -0.3% |
| Profit (loss) for the period | 9904 | -€3,406 | €13,571 | +€16,977 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,406 | €13,571 | +€16,977 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.