VISO CLINICAL: 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.
VISO CLINICAL
Largest movements
- Current investments +€122,038
up €122,038 (+30.5%), from €400,000 to €522,038
- Deferred charges and accrued income +€90,969
up €90,969 (+2,236%), from €4,069 to €95,038
- Cash -€51,902
down €51,902 (-88.6%), from €58,595 to €6,693
mainly Contributions, distributions and other (-€219,130) and Current investments (-€122,038)
- Receivables within one year -€32,034
down €32,034 (-35.2%), from €90,909 to €58,875
of which Trade receivables: -€31,076
- Intangible fixed assets +€31,110
up €31,110 (+31.0%), from €100,340 to €131,451
- Other debts +€188,920
up €188,920 (+4,330%), from €4,363 to €193,283
- Trade debts +€61,269
up €61,269 (+436%), from €14,054 to €75,323
- Tax, wage and social debts -€51,421
down €51,421 (-60.1%), from €85,538 to €34,117
- Reserves -€32,838
down €32,838 (-6.2%), from €533,750 to €500,912
- Debts after one year -€18,326
down €18,326 (-9.3%), from €196,159 to €177,833
- Gross operating margin -€122,653
down €122,653 (-36.7%), from €334,054 to €211,401
- Financial income +€92,233
up €92,233 (+772%), from €11,949 to €104,182
- Purchases and services -€55,965
no longer reported in 2025 (was €55,965)
- Taxes -€26,660
down €26,660 (-27.7%), from €96,132 to €69,473
- Depreciation +€6,758
up €6,758 (+19.9%), from €33,911 to €40,668
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 | €1,006,539 | €1,153,195 | +€146,656 | +14.6% |
| Fixed assets | 21/28 | €428,966 | €446,551 | +€17,585 | +4.1% |
| Intangible fixed assets | 21 | €100,340 | €131,451 | +€31,110 | +31.0% |
| Tangible fixed assets | 22/27 | €328,305 | €314,781 | -€13,525 | -4.1% |
| Land and buildings | 22 | €317,417 | €305,491 | -€11,926 | -3.8% |
| Furniture and vehicles | 24 | €2,428 | €4,203 | +€1,775 | +73.1% |
| Other tangible fixed assets | 26 | €8,460 | €5,086 | -€3,374 | -39.9% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €577,573 | €706,644 | +€129,071 | +22.3% |
| Amounts receivable after more than one year | 29 | €24,000 | €24,000 | = | 0.0% |
| Other amounts receivable | 291 | €24,000 | €24,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €90,909 | €58,875 | -€32,034 | -35.2% |
| Trade receivables | 40 | €32,079 | €1,004 | -€31,076 | -96.9% |
| Other amounts receivable | 41 | €58,830 | €57,871 | -€958 | -1.6% |
| Current investments | 50/53 | €400,000 | €522,038 | +€122,038 | +30.5% |
| Cash at bank and in hand | 54/58 | €58,595 | €6,693 | -€51,902 | -88.6% |
| Deferred charges and accrued income | 490/1 | €4,069 | €95,038 | +€90,969 | +2,236% |
| Total equity and liabilities | 10/49 | €1,006,539 | €1,153,195 | +€146,656 | +14.6% |
| Equity | 10/15 | €614,751 | €590,168 | -€24,583 | -4.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €533,750 | €500,912 | -€32,838 | -6.2% |
| Distributable reserves | 133 | €533,750 | €500,912 | -€32,838 | -6.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €81,000 | €89,255 | +€8,255 | +10.2% |
| Amounts payable | 17/49 | €391,788 | €563,027 | +€171,239 | +43.7% |
| Amounts payable after more than one year | 17 | €196,159 | €177,833 | -€18,326 | -9.3% |
| Financial debts | 170/4 | €196,159 | €177,833 | -€18,326 | -9.3% |
| Amounts payable within one year | 42/48 | €195,630 | €384,554 | +€188,924 | +96.6% |
| Current portion of amounts payable after more than one year | 42 | €91,675 | €78,423 | -€13,252 | -14.5% |
| Financial debts | 43 | - | €3,408 | +€3,408 | |
| Credit institutions | 430/8 | - | €3,408 | +€3,408 | |
| Trade debts | 44 | €14,054 | €75,323 | +€61,269 | +436% |
| Suppliers | 440/4 | €14,054 | €75,323 | +€61,269 | +436% |
| Taxes, remuneration and social security | 45 | €85,538 | €34,117 | -€51,421 | -60.1% |
| Taxes | 450/3 | €85,538 | €34,117 | -€51,421 | -60.1% |
| Other amounts payable | 47/48 | €4,363 | €193,283 | +€188,920 | +4,330% |
| Accrued charges and deferred income | 492/3 | - | €640 | +€640 | |
| Goods, raw materials, services and sundry goods | 60/61 | €55,965 | - | -€55,965 | |
| Remuneration, social security and pensions | 62 | €267 | €0 | -€267 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,911 | €40,668 | +€6,758 | +19.9% |
| Other operating charges | 640/8 | €2,769 | €3,337 | +€568 | +20.5% |
| Gross operating margin | 9900 | €334,054 | €211,401 | -€122,653 | -36.7% |
| Operating profit (loss) | 9901 | €297,107 | €167,396 | -€129,712 | -43.7% |
| Financial income | 75/76B | €11,949 | €104,182 | +€92,233 | +772% |
| Recurring financial income | 75 | €11,949 | €104,182 | +€92,233 | +772% |
| Financial charges | 65/66B | €5,108 | €7,559 | +€2,451 | +48.0% |
| Recurring financial charges | 65 | €5,108 | €7,559 | +€2,451 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €303,949 | €264,019 | -€39,930 | -13.1% |
| Income taxes | 67/77 | €96,132 | €69,473 | -€26,660 | -27.7% |
| Profit (loss) for the period | 9904 | €207,817 | €194,547 | -€13,270 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €207,817 | €194,547 | -€13,270 | -6.4% |
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 16 October 2026 via checked.be.