VISONS CONCEPT: what changed
Two fiscal 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.
VISONS CONCEPT
Largest movements
- Tangible fixed assets +€181,470
up €181,470 (+7.8%), from €2.3m to €2.5m
of which Land and buildings: +€245,361
- Receivables within one year +€35,925
up €35,925 (+11.0%), from €327,608 to €363,533
of which Other amounts receivable: +€44,338
- Other debts +€204,144
up €204,144 (+657.2%), from €31,061 to €235,205
- Debts after one year -€113,713
down €113,713 (-7.3%), from €1.6m to €1.4m
of which Financial debts: -€114,257
- Trade debts +€64,772
up €64,772 (+144.5%), from €44,820 to €109,592
- Profit (loss) carried forward +€30,554
up €30,554 (+8.4%), from €362,595 to €393,149
- Gross operating margin +€51,387
up €51,387 (+22.6%), from €227,387 to €278,774
- Depreciation +€37,029
up €37,029 (+32.7%), from €113,210 to €150,239
- Taxes +€7,550
up €7,550 (+179.2%), from €4,214 to €11,763
- Financial income +€3,781
up €3,781 (+72.2%), from €5,235 to €9,016
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.
Cash bridge derived
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 | €2,682,018 | €2,883,744 | +€201,726 | +7.5% |
| Fixed assets | 21/28 | €2,324,756 | €2,506,226 | +€181,470 | +7.8% |
| Tangible fixed assets | 22/27 | €2,324,576 | €2,506,046 | +€181,470 | +7.8% |
| Land and buildings | 22 | €2,022,778 | €2,268,139 | +€245,361 | +12.1% |
| Plant, machinery and equipment | 23 | €97,384 | €88,547 | -€8,836 | -9.1% |
| Furniture and vehicles | 24 | €158,313 | €121,415 | -€36,898 | -23.3% |
| Leasing and similar rights | 25 | €41,604 | €24,348 | -€17,256 | -41.5% |
| Other tangible fixed assets | 26 | €4,497 | €3,596 | -€900 | -20.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €357,262 | €377,518 | +€20,256 | +5.7% |
| Amounts receivable within one year | 40/41 | €327,608 | €363,533 | +€35,925 | +11.0% |
| Trade receivables | 40 | €133,930 | €125,517 | -€8,413 | -6.3% |
| Other amounts receivable | 41 | €193,678 | €238,016 | +€44,338 | +22.9% |
| Cash at bank and in hand | 54/58 | €18,410 | €11,650 | -€6,760 | -36.7% |
| Deferred charges and accrued income | 490/1 | €11,244 | €2,335 | -€8,909 | -79.2% |
| Total equity and liabilities | 10/49 | €2,682,018 | €2,883,744 | +€201,726 | +7.5% |
| Equity | 10/15 | €923,960 | €954,514 | +€30,554 | +3.3% |
| Contributions | 10/11 | €555,365 | €555,365 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €362,595 | €393,149 | +€30,554 | +8.4% |
| Amounts payable | 17/49 | €1,758,058 | €1,929,230 | +€171,172 | +9.7% |
| Amounts payable after more than one year | 17 | €1,550,786 | €1,437,073 | -€113,713 | -7.3% |
| Financial debts | 170/4 | €638,759 | €524,501 | -€114,257 | -17.9% |
| Other amounts payable | 178/9 | €912,027 | €912,571 | +€544 | +0.1% |
| Amounts payable within one year | 42/48 | €207,272 | €492,157 | +€284,885 | +137.4% |
| Current portion of amounts payable after more than one year | 42 | €122,928 | €114,257 | -€8,670 | -7.1% |
| Trade debts | 44 | €44,820 | €109,592 | +€64,772 | +144.5% |
| Suppliers | 440/4 | €44,820 | €109,592 | +€64,772 | +144.5% |
| Taxes, remuneration and social security | 45 | €8,464 | €33,103 | +€24,640 | +291.1% |
| Taxes | 450/3 | €8,464 | €33,103 | +€24,640 | +291.1% |
| Other amounts payable | 47/48 | €31,061 | €235,205 | +€204,144 | +657.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,210 | €150,239 | +€37,029 | +32.7% |
| Other operating charges | 640/8 | €6,276 | €5,129 | -€1,148 | -18.3% |
| Gross operating margin | 9900 | €227,387 | €278,774 | +€51,387 | +22.6% |
| Operating profit (loss) | 9901 | €107,901 | €123,407 | +€15,506 | +14.4% |
| Financial income | 75/76B | €5,235 | €9,016 | +€3,781 | +72.2% |
| Recurring financial income | 75 | €5,235 | €9,016 | +€3,781 | +72.2% |
| Financial charges | 65/66B | €92,366 | €90,106 | -€2,260 | -2.4% |
| Recurring financial charges | 65 | €92,366 | €90,106 | -€2,260 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €20,770 | €42,317 | +€21,547 | +103.7% |
| Income taxes | 67/77 | €4,214 | €11,763 | +€7,550 | +179.2% |
| Profit (loss) for the period | 9904 | €16,557 | €30,554 | +€13,997 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,557 | €30,554 | +€13,997 | +84.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.