VISSAR: 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.
VISSAR
Largest movements
- Cash +€35,693
up €35,693 (+28.0%), from €127,543 to €163,236
mainly Net result for the year (+€30,907) and Depreciation (+€20,534)
- Tangible fixed assets -€20,534
down €20,534 (-30.9%), from €66,367 to €45,833
of which Furniture and vehicles: -€12,244
- Receivables after one year -€12,000
down €12,000 (-26.1%), from €46,000 to €34,000
of which Trade receivables: -€46,000
- Reserves +€30,000
up €30,000 (+29.3%), from €102,359 to €132,359
- Current portion of long-term debt -€17,235
down €17,235 (-88.6%), from €19,451 to €2,216
- Other debts -€4,699
down €4,699 (-88.7%), from €5,299 to €600
- Tax, wage and social debts -€4,142
down €4,142 (-58.0%), from €7,135 to €2,993
of which Remuneration and social security: -€2,500
- Gross operating margin -€17,157
down €17,157 (-21.3%), from €80,431 to €63,274
- Financial income +€3,344
up €3,344 (+167221.5%), from €2 to €3,346
- Taxes -€3,267
down €3,267 (-20.9%), from €15,614 to €12,347
- Other operating charges +€1,301
up €1,301 (+2038.7%), from €64 to €1,364
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 | €245,759 | €249,494 | +€3,735 | +1.5% |
| Fixed assets | 21/28 | €66,837 | €46,303 | -€20,534 | -30.7% |
| Tangible fixed assets | 22/27 | €66,367 | €45,833 | -€20,534 | -30.9% |
| Plant, machinery and equipment | 23 | €38,876 | €30,586 | -€8,290 | -21.3% |
| Furniture and vehicles | 24 | €27,491 | €15,247 | -€12,244 | -44.5% |
| Financial fixed assets | 28 | €470 | €470 | = | 0.0% |
| Current assets | 29/58 | €178,923 | €203,191 | +€24,268 | +13.6% |
| Amounts receivable after more than one year | 29 | €46,000 | €34,000 | -€12,000 | -26.1% |
| Trade receivables | 290 | €46,000 | - | -€46,000 | |
| Other amounts receivable | 291 | - | €34,000 | +€34,000 | |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,814 | €3,218 | +€404 | +14.3% |
| Other amounts receivable | 41 | €2,814 | €3,218 | +€404 | +14.3% |
| Cash at bank and in hand | 54/58 | €127,543 | €163,236 | +€35,693 | +28.0% |
| Deferred charges and accrued income | 490/1 | €565 | €737 | +€172 | +30.4% |
| Total equity and liabilities | 10/49 | €245,759 | €249,494 | +€3,735 | +1.5% |
| Equity | 10/15 | €210,531 | €241,438 | +€30,907 | +14.7% |
| Contributions | 10/11 | €15,804 | €15,804 | = | 0.0% |
| Reserves | 13 | €102,359 | €132,359 | +€30,000 | +29.3% |
| Distributable reserves | 133 | €102,359 | €132,359 | +€30,000 | +29.3% |
| Profit (loss) carried forward | 14 | €92,368 | €93,276 | +€907 | +1.0% |
| Amounts payable | 17/49 | €35,228 | €8,056 | -€27,173 | -77.1% |
| Amounts payable after more than one year | 17 | €2,216 | €0 | -€2,216 | -100.0% |
| Financial debts | 170/4 | €2,216 | €0 | -€2,216 | -100.0% |
| Amounts payable within one year | 42/48 | €33,012 | €8,056 | -€24,956 | -75.6% |
| Current portion of amounts payable after more than one year | 42 | €19,451 | €2,216 | -€17,235 | -88.6% |
| Trade debts | 44 | €1,127 | €2,246 | +€1,119 | +99.4% |
| Suppliers | 440/4 | €1,127 | €2,246 | +€1,119 | +99.4% |
| Taxes, remuneration and social security | 45 | €7,135 | €2,993 | -€4,142 | -58.0% |
| Taxes | 450/3 | €2,135 | €493 | -€1,642 | -76.9% |
| Remuneration and social security | 454/9 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Other amounts payable | 47/48 | €5,299 | €600 | -€4,699 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,928 | €20,534 | -€394 | -1.9% |
| Other operating charges | 640/8 | €64 | €1,364 | +€1,301 | +2038.7% |
| Gross operating margin | 9900 | €80,431 | €63,274 | -€17,157 | -21.3% |
| Operating profit (loss) | 9901 | €59,439 | €41,376 | -€18,063 | -30.4% |
| Financial income | 75/76B | €2 | €3,346 | +€3,344 | +167221.5% |
| Recurring financial income | 75 | €2 | €3,346 | +€3,344 | +167221.5% |
| Financial charges | 65/66B | €1,225 | €1,468 | +€243 | +19.8% |
| Recurring financial charges | 65 | €1,225 | €1,468 | +€243 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €58,216 | €43,254 | -€14,961 | -25.7% |
| Income taxes | 67/77 | €15,614 | €12,347 | -€3,267 | -20.9% |
| Profit (loss) for the period | 9904 | €42,602 | €30,907 | -€11,695 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,602 | €30,907 | -€11,695 | -27.5% |
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 30 September 2026 via checked.be.