VISO CONSULTANCY: 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 CONSULTANCY
Largest movements
- Cash +€127,627
up €127,627 (+210%), from €60,888 to €188,515
mainly Other debts (+€127,432) and Net result for the year (+€87,210)
- Current investments -€45,000
down €45,000 (-85.8%), from €52,420 to €7,420
- Receivables within one year -€22,740
down €22,740 (-40.9%), from €55,577 to €32,837
of which Other amounts receivable: -€15,806
- Deferred charges and accrued income -€6,960
down €6,960 (-59.6%), from €11,670 to €4,710
- Tangible fixed assets -€3,653
down €3,653 (-14.8%), from €24,621 to €20,968
- Other debts +€127,432
up €127,432 (+2,249%), from €5,665 to €133,098
- Reserves -€87,868
down €87,868 (-50.2%), from €175,078 to €87,210
of which Distributable reserves: -€129,968
- Tax, wage and social debts +€8,360
up €8,360 (+44.7%), from €18,684 to €27,044
of which Taxes: +€10,110
- Trade debts +€4,389
up €4,389 (+619%), from €709 to €5,099
- Advances received -€3,039
no longer reported in 2025 (was €3,039)
- Gross operating margin +€78,932
up €78,932 (+186%), from €42,456 to €121,389
- Taxes +€16,298
up €16,298 (+177%), from €9,194 to €25,492
- Financial charges +€7,841
up €7,841 (+1,078%), from €728 to €8,569
- Financial income +€4,982
up €4,982 (+18,549%), from €27 to €5,009
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 | €205,175 | €254,450 | +€49,274 | +24.0% |
| Fixed assets | 21/28 | €24,621 | €20,968 | -€3,653 | -14.8% |
| Tangible fixed assets | 22/27 | €24,621 | €20,968 | -€3,653 | -14.8% |
| Land and buildings | 22 | €7,571 | €6,677 | -€894 | -11.8% |
| Plant, machinery and equipment | 23 | €3,018 | €2,064 | -€954 | -31.6% |
| Furniture and vehicles | 24 | €14,032 | €12,227 | -€1,805 | -12.9% |
| Current assets | 29/58 | €180,554 | €233,482 | +€52,927 | +29.3% |
| Amounts receivable within one year | 40/41 | €55,577 | €32,837 | -€22,740 | -40.9% |
| Trade receivables | 40 | €39,771 | €32,837 | -€6,934 | -17.4% |
| Other amounts receivable | 41 | €15,806 | - | -€15,806 | |
| Current investments | 50/53 | €52,420 | €7,420 | -€45,000 | -85.8% |
| Cash at bank and in hand | 54/58 | €60,888 | €188,515 | +€127,627 | +210% |
| Deferred charges and accrued income | 490/1 | €11,670 | €4,710 | -€6,960 | -59.6% |
| Total equity and liabilities | 10/49 | €205,175 | €254,450 | +€49,274 | +24.0% |
| Equity | 10/15 | €177,078 | €89,210 | -€87,868 | -49.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €175,078 | €87,210 | -€87,868 | -50.2% |
| Tax-exempt reserves | 132 | - | €42,100 | +€42,100 | |
| Distributable reserves | 133 | €175,078 | €45,110 | -€129,968 | -74.2% |
| Amounts payable | 17/49 | €28,098 | €165,240 | +€137,143 | +488% |
| Amounts payable within one year | 42/48 | €28,098 | €165,240 | +€137,143 | +488% |
| Trade debts | 44 | €709 | €5,099 | +€4,389 | +619% |
| Suppliers | 440/4 | €709 | €5,099 | +€4,389 | +619% |
| Advances received on contracts in progress | 46 | €3,039 | - | -€3,039 | |
| Taxes, remuneration and social security | 45 | €18,684 | €27,044 | +€8,360 | +44.7% |
| Taxes | 450/3 | €16,584 | €26,694 | +€10,110 | +61.0% |
| Remuneration and social security | 454/9 | €2,100 | €350 | -€1,750 | -83.3% |
| Other amounts payable | 47/48 | €5,665 | €133,098 | +€127,432 | +2,249% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,852 | €4,600 | +€749 | +19.4% |
| Other operating charges | 640/8 | €126 | €528 | +€402 | +319% |
| Gross operating margin | 9900 | €42,456 | €121,389 | +€78,932 | +186% |
| Operating profit (loss) | 9901 | €38,479 | €116,261 | +€77,782 | +202% |
| Financial income | 75/76B | €27 | €5,009 | +€4,982 | +18,549% |
| Recurring financial income | 75 | €27 | €5,009 | +€4,982 | +18,549% |
| Financial charges | 65/66B | €728 | €8,569 | +€7,841 | +1,078% |
| Recurring financial charges | 65 | €728 | €8,569 | +€7,841 | +1,078% |
| Profit (loss) for the period before taxes | 9903 | €37,778 | €112,701 | +€74,923 | +198% |
| Income taxes | 67/77 | €9,194 | €25,492 | +€16,298 | +177% |
| Profit (loss) for the period | 9904 | €28,584 | €87,210 | +€58,626 | +205% |
| Transfer to tax-exempt reserves | 689 | - | €42,100 | +€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,584 | €45,110 | +€16,526 | +57.8% |
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 27 October 2026 via checked.be.