VISOBOIS: 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.
VISOBOIS
Largest movements
- Tangible fixed assets -€13,394
down €13,394 (-19.1%), from €69,978 to €56,585
of which Furniture and vehicles: -€16,057
- Cash +€7,791
up €7,791 (+11.2%), from €69,695 to €77,486
mainly Depreciation (+€16,422) and Net result for the year (+€11,549)
- Receivables within one year -€4,830
down €4,830 (-12.1%), from €39,888 to €35,059
of which Trade receivables: -€6,018
- Debts after one year -€13,645
down €13,645 (-27.8%), from €49,085 to €35,440
- Profit (loss) carried forward +€11,549
up €11,549 (+12.9%), from €89,841 to €101,389
- Accrued charges and deferred income -€11,175
down €11,175 (-100%), from €11,175 to €0
- Gross operating margin -€23,355
down €23,355 (-39.0%), from €59,950 to €36,594
- Taxes -€6,746
down €6,746 (-58.2%), from €11,595 to €4,849
- Depreciation +€5,803
up €5,803 (+54.6%), from €10,619 to €16,422
- Other operating charges -€2,640
down €2,640 (-61.7%), from €4,278 to €1,638
- Financial charges +€822
up €822 (+40.7%), from €2,018 to €2,840
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 | €180,356 | €169,937 | -€10,419 | -5.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €70,060 | €56,667 | -€13,394 | -19.1% |
| Tangible fixed assets | 22/27 | €69,978 | €56,585 | -€13,394 | -19.1% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €69,978 | €53,922 | -€16,057 | -22.9% |
| Other tangible fixed assets | 26 | - | €2,663 | +€2,663 | |
| Financial fixed assets | 28 | €82 | €82 | = | 0.0% |
| Current assets | 29/58 | €110,296 | €113,271 | +€2,975 | +2.7% |
| Amounts receivable within one year | 40/41 | €39,888 | €35,059 | -€4,830 | -12.1% |
| Trade receivables | 40 | €34,195 | €28,178 | -€6,018 | -17.6% |
| Other amounts receivable | 41 | €5,693 | €6,881 | +€1,188 | +20.9% |
| Cash at bank and in hand | 54/58 | €69,695 | €77,486 | +€7,791 | +11.2% |
| Deferred charges and accrued income | 490/1 | €713 | €726 | +€13 | +1.8% |
| Total equity and liabilities | 10/49 | €180,356 | €169,937 | -€10,419 | -5.8% |
| Equity | 10/15 | €97,901 | €109,449 | +€11,549 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,841 | €101,389 | +€11,549 | +12.9% |
| Amounts payable | 17/49 | €82,456 | €60,488 | -€21,968 | -26.6% |
| Amounts payable after more than one year | 17 | €49,085 | €35,440 | -€13,645 | -27.8% |
| Financial debts | 170/4 | €49,085 | €35,440 | -€13,645 | -27.8% |
| Amounts payable within one year | 42/48 | €22,196 | €25,048 | +€2,852 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €15,628 | €16,211 | +€583 | +3.7% |
| Trade debts | 44 | €984 | €1,757 | +€773 | +78.6% |
| Suppliers | 440/4 | €984 | €1,757 | +€773 | +78.6% |
| Taxes, remuneration and social security | 45 | €4,897 | €6,067 | +€1,170 | +23.9% |
| Taxes | 450/3 | €4,897 | €4,467 | -€430 | -8.8% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €688 | €1,013 | +€325 | +47.3% |
| Accrued charges and deferred income | 492/3 | €11,175 | €0 | -€11,175 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,619 | €16,422 | +€5,803 | +54.6% |
| Other operating charges | 640/8 | €4,278 | €1,638 | -€2,640 | -61.7% |
| Gross operating margin | 9900 | €59,950 | €36,594 | -€23,355 | -39.0% |
| Operating profit (loss) | 9901 | €45,053 | €18,534 | -€26,519 | -58.9% |
| Financial income | 75/76B | €37 | €704 | +€667 | +1,805% |
| Recurring financial income | 75 | €37 | €704 | +€667 | +1,805% |
| Financial charges | 65/66B | €2,018 | €2,840 | +€822 | +40.7% |
| Recurring financial charges | 65 | €2,018 | €2,840 | +€822 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €43,072 | €16,398 | -€26,674 | -61.9% |
| Income taxes | 67/77 | €11,595 | €4,849 | -€6,746 | -58.2% |
| Profit (loss) for the period | 9904 | €31,477 | €11,549 | -€19,928 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,477 | €11,549 | -€19,928 | -63.3% |
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.