VISTA: 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.
VISTA
Largest movements
- Cash +€33,039
up €33,039 (+92.2%), from €35,833 to €68,871
mainly Net result for the year (+€40,224) and Depreciation (+€14,748)
- Tangible fixed assets -€14,748
down €14,748 (-36.7%), from €40,186 to €25,438
of which Furniture and vehicles: -€13,647
- Receivables within one year -€13,494
down €13,494 (-51.0%), from €26,435 to €12,941
of which Other amounts receivable: -€13,081
- Deferred charges and accrued income +€10,124
up €10,124 (+108.0%), from €9,376 to €19,500
- Reserves +€35,224
up €35,224 (+109.4%), from €32,194 to €67,417
- Debts after one year -€12,656
down €12,656 (-66.3%), from €19,078 to €6,422
- Contributions -€12,400
no longer reported in 2025 (was €12,400)
- Other debts -€8,124
down €8,124 (-38.7%), from €21,001 to €12,877
- Tax, wage and social debts +€7,933
up €7,933 (+52.0%), from €15,245 to €23,178
of which Taxes: +€7,933
- Gross operating margin +€28,449
up €28,449 (+64.4%), from €44,156 to €72,605
- Taxes +€8,147
up €8,147 (+101.2%), from €8,048 to €16,195
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 | €111,830 | €126,751 | +€14,920 | +13.3% |
| Fixed assets | 21/28 | €40,186 | €25,438 | -€14,748 | -36.7% |
| Tangible fixed assets | 22/27 | €40,186 | €25,438 | -€14,748 | -36.7% |
| Furniture and vehicles | 24 | €34,680 | €21,033 | -€13,647 | -39.4% |
| Other tangible fixed assets | 26 | €5,506 | €4,405 | -€1,101 | -20.0% |
| Current assets | 29/58 | €71,644 | €101,313 | +€29,669 | +41.4% |
| Amounts receivable within one year | 40/41 | €26,435 | €12,941 | -€13,494 | -51.0% |
| Trade receivables | 40 | €12,451 | €12,038 | -€413 | -3.3% |
| Other amounts receivable | 41 | €13,984 | €903 | -€13,081 | -93.5% |
| Cash at bank and in hand | 54/58 | €35,833 | €68,871 | +€33,039 | +92.2% |
| Deferred charges and accrued income | 490/1 | €9,376 | €19,500 | +€10,124 | +108.0% |
| Total equity and liabilities | 10/49 | €111,830 | €126,751 | +€14,920 | +13.3% |
| Equity | 10/15 | €44,594 | €67,417 | +€22,824 | +51.2% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €32,194 | €67,417 | +€35,224 | +109.4% |
| Distributable reserves | 133 | €32,194 | €67,417 | +€35,224 | +109.4% |
| Amounts payable | 17/49 | €67,237 | €59,333 | -€7,903 | -11.8% |
| Amounts payable after more than one year | 17 | €19,078 | €6,422 | -€12,656 | -66.3% |
| Financial debts | 170/4 | €19,078 | €6,422 | -€12,656 | -66.3% |
| Amounts payable within one year | 42/48 | €48,159 | €52,911 | +€4,752 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €11,913 | €12,656 | +€743 | +6.2% |
| Trade debts | 44 | - | €4,200 | +€4,200 | |
| Suppliers | 440/4 | - | €4,200 | +€4,200 | |
| Taxes, remuneration and social security | 45 | €15,245 | €23,178 | +€7,933 | +52.0% |
| Taxes | 450/3 | €13,245 | €21,178 | +€7,933 | +59.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €21,001 | €12,877 | -€8,124 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,830 | €14,748 | -€82 | -0.6% |
| Other operating charges | 640/8 | €818 | €908 | +€90 | +11.0% |
| Gross operating margin | 9900 | €44,156 | €72,605 | +€28,449 | +64.4% |
| Operating profit (loss) | 9901 | €28,507 | €56,948 | +€28,441 | +99.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €766 | €529 | -€237 | -30.9% |
| Recurring financial charges | 65 | €766 | €529 | -€237 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €27,741 | €56,419 | +€28,678 | +103.4% |
| Income taxes | 67/77 | €8,048 | €16,195 | +€8,147 | +101.2% |
| Profit (loss) for the period | 9904 | €19,694 | €40,224 | +€20,530 | +104.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,694 | €40,224 | +€20,530 | +104.2% |
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 3 October 2026 via checked.be.