VISORA: 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.
VISORA
Largest movements
- Cash +€23,882
up €23,882 (+168.8%), from €14,152 to €38,034
mainly Net result for the year (+€43,600) and Tax, wage and social debts (+€3,820)
- Tangible fixed assets +€4,983
up €4,983 (+47.3%), from €10,533 to €15,516
of which Furniture and vehicles: +€2,815
- Receivables within one year +€3,518
up €3,518 (+59.5%), from €5,914 to €9,432
of which Trade receivables: +€3,877
- Reserves +€43,600
up €43,600 (+656.1%), from €6,645 to €50,246
- Other debts -€15,520
down €15,520 (-100.0%), from €15,520 to €0
- Tax, wage and social debts +€3,820
up €3,820 (+119.4%), from €3,200 to €7,020
of which Remuneration and social security: +€2,347
- Gross operating margin +€46,908
up €46,908 (+342.2%), from €13,709 to €60,617
- Taxes +€9,175
up €9,175 (+427.5%), from €2,146 to €11,321
- Other operating charges +€1,939
up €1,939 (+1244.8%), from €156 to €2,095
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 | €30,816 | €63,182 | +€32,366 | +105.0% |
| Fixed assets | 21/28 | €10,533 | €15,516 | +€4,983 | +47.3% |
| Tangible fixed assets | 22/27 | €10,533 | €15,516 | +€4,983 | +47.3% |
| Plant, machinery and equipment | 23 | €3,535 | €5,703 | +€2,168 | +61.3% |
| Furniture and vehicles | 24 | €6,998 | €9,813 | +€2,815 | +40.2% |
| Current assets | 29/58 | €20,283 | €47,666 | +€27,383 | +135.0% |
| Amounts receivable within one year | 40/41 | €5,914 | €9,432 | +€3,518 | +59.5% |
| Trade receivables | 40 | €5,555 | €9,432 | +€3,877 | +69.8% |
| Other amounts receivable | 41 | €359 | €0 | -€359 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,152 | €38,034 | +€23,882 | +168.8% |
| Deferred charges and accrued income | 490/1 | €216 | €200 | -€16 | -7.6% |
| Total equity and liabilities | 10/49 | €30,816 | €63,182 | +€32,366 | +105.0% |
| Equity | 10/15 | €11,645 | €55,246 | +€43,600 | +374.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,645 | €50,246 | +€43,600 | +656.1% |
| Distributable reserves | 133 | €6,645 | €50,246 | +€43,600 | +656.1% |
| Amounts payable | 17/49 | €19,170 | €7,936 | -€11,235 | -58.6% |
| Amounts payable within one year | 42/48 | €19,170 | €7,894 | -€11,277 | -58.8% |
| Trade debts | 44 | €450 | €873 | +€423 | +94.1% |
| Suppliers | 440/4 | €450 | €873 | +€423 | +94.1% |
| Taxes, remuneration and social security | 45 | €3,200 | €7,020 | +€3,820 | +119.4% |
| Taxes | 450/3 | €3,200 | €4,674 | +€1,473 | +46.0% |
| Remuneration and social security | 454/9 | - | €2,347 | +€2,347 | |
| Other amounts payable | 47/48 | €15,520 | €0 | -€15,520 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,120 | €3,553 | -€567 | -13.8% |
| Other operating charges | 640/8 | €156 | €2,095 | +€1,939 | +1244.8% |
| Gross operating margin | 9900 | €13,709 | €60,617 | +€46,908 | +342.2% |
| Operating profit (loss) | 9901 | €9,433 | €54,969 | +€45,536 | +482.7% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €642 | €55 | -€586 | -91.4% |
| Recurring financial charges | 65 | €642 | €55 | -€586 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €8,791 | €54,921 | +€46,130 | +524.7% |
| Income taxes | 67/77 | €2,146 | €11,321 | +€9,175 | +427.5% |
| Profit (loss) for the period | 9904 | €6,645 | €43,600 | +€36,955 | +556.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,645 | €43,600 | +€36,955 | +556.1% |
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 8 October 2026 via checked.be.