VISPLUKHOF: 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.
VISPLUKHOF
Largest movements
- Cash +€26,371
up €26,371 (+44.5%), from €59,317 to €85,688
mainly Net result for the year (+€27,464) and Debts after one year (+€20,380)
- Tangible fixed assets +€13,632
up €13,632 (+26.8%), from €50,942 to €64,574
of which Plant, machinery and equipment: +€20,430
- Receivables within one year -€4,427
down €4,427 (-100.0%), from €4,427 to €0
- Deferred charges and accrued income -€2,038
down €2,038 (-44.9%), from €4,541 to €2,504
- Debts after one year +€20,380
up €20,380 (+471.3%), from €4,324 to €24,705
- Reserves +€10,679
up €10,679 (+18.9%), from €56,433 to €67,112
- Tax, wage and social debts +€6,471
up €6,471 (+140.7%), from €4,599 to €11,070
of which Taxes: +€3,422
- Trade debts -€4,776
down €4,776 (-58.0%), from €8,235 to €3,459
- Current portion of long-term debt +€3,311
up €3,311 (+64.9%), from €5,104 to €8,416
- Gross operating margin +€10,678
up €10,678 (+19.7%), from €54,168 to €64,845
- Depreciation -€1,830
down €1,830 (-9.0%), from €20,413 to €18,583
- Taxes +€1,174
up €1,174 (+74.6%), from €1,573 to €2,746
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 | €130,430 | €163,354 | +€32,924 | +25.2% |
| Fixed assets | 21/28 | €50,942 | €64,574 | +€13,632 | +26.8% |
| Tangible fixed assets | 22/27 | €50,942 | €64,574 | +€13,632 | +26.8% |
| Land and buildings | 22 | €27,902 | €21,250 | -€6,653 | -23.8% |
| Plant, machinery and equipment | 23 | €22,895 | €43,324 | +€20,430 | +89.2% |
| Furniture and vehicles | 24 | €145 | €0 | -€145 | -100.0% |
| Current assets | 29/58 | €79,488 | €98,780 | +€19,292 | +24.3% |
| Stocks and contracts in progress | 3 | €11,202 | €10,589 | -€614 | -5.5% |
| Stocks | 30/36 | €11,202 | €10,589 | -€614 | -5.5% |
| Amounts receivable within one year | 40/41 | €4,427 | €0 | -€4,427 | -100.0% |
| Other amounts receivable | 41 | €4,427 | €0 | -€4,427 | -100.0% |
| Cash at bank and in hand | 54/58 | €59,317 | €85,688 | +€26,371 | +44.5% |
| Deferred charges and accrued income | 490/1 | €4,541 | €2,504 | -€2,038 | -44.9% |
| Total equity and liabilities | 10/49 | €130,430 | €163,354 | +€32,924 | +25.2% |
| Equity | 10/15 | €62,639 | €73,318 | +€10,679 | +17.0% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €56,433 | €67,112 | +€10,679 | +18.9% |
| Distributable reserves | 133 | €56,433 | €67,112 | +€10,679 | +18.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,792 | €90,037 | +€22,245 | +32.8% |
| Amounts payable after more than one year | 17 | €4,324 | €24,705 | +€20,380 | +471.3% |
| Financial debts | 170/4 | €4,324 | €24,705 | +€20,380 | +471.3% |
| Amounts payable within one year | 42/48 | €63,467 | €64,998 | +€1,530 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €5,104 | €8,416 | +€3,311 | +64.9% |
| Trade debts | 44 | €8,235 | €3,459 | -€4,776 | -58.0% |
| Suppliers | 440/4 | €8,235 | €3,459 | -€4,776 | -58.0% |
| Advances received on contracts in progress | 46 | €3,820 | €2,500 | -€1,320 | -34.6% |
| Taxes, remuneration and social security | 45 | €4,599 | €11,070 | +€6,471 | +140.7% |
| Taxes | 450/3 | €3,760 | €7,182 | +€3,422 | +91.0% |
| Remuneration and social security | 454/9 | €840 | €3,888 | +€3,048 | +363.0% |
| Other amounts payable | 47/48 | €41,708 | €39,553 | -€2,156 | -5.2% |
| Accrued charges and deferred income | 492/3 | - | €335 | +€335 | |
| Remuneration, social security and pensions | 62 | €14,478 | €14,004 | -€475 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,413 | €18,583 | -€1,830 | -9.0% |
| Other operating charges | 640/8 | €1,269 | €1,139 | -€130 | -10.2% |
| Gross operating margin | 9900 | €54,168 | €64,845 | +€10,678 | +19.7% |
| Operating profit (loss) | 9901 | €18,008 | €31,120 | +€13,112 | +72.8% |
| Financial income | 75/76B | €255 | €309 | +€53 | +20.8% |
| Recurring financial income | 75 | €255 | €309 | +€53 | +20.8% |
| Financial charges | 65/66B | €964 | €1,218 | +€254 | +26.3% |
| Recurring financial charges | 65 | €964 | €1,218 | +€254 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €17,299 | €30,211 | +€12,912 | +74.6% |
| Income taxes | 67/77 | €1,573 | €2,746 | +€1,174 | +74.6% |
| Profit (loss) for the period | 9904 | €15,727 | €27,464 | +€11,738 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,727 | €27,464 | +€11,738 | +74.6% |
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.