VISTA ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€58,919
up €58,919 (+511.6%), from €11,517 to €70,436
mainly Net result for the year (+€49,514) and Debts after one year (+€17,374)
- Tangible fixed assets +€21,266
new in 2025: €21,266
- Deferred charges and accrued income +€3,829
up €3,829 (+292.0%), from €1,311 to €5,141
- Receivables within one year +€1,736
up €1,736 (+12.0%), from €14,520 to €16,256
- Profit (loss) carried forward +€49,514
up €49,514 (+410.1%), from €12,073 to €61,588
- Debts after one year +€17,374
new in 2025: €17,374
- Tax, wage and social debts +€14,295
up €14,295 (+122.3%), from €11,689 to €25,984
- Current portion of long-term debt +€4,633
new in 2025: €4,633
- Gross operating margin +€48,470
up €48,470 (+248.9%), from €19,473 to €67,943
- Taxes +€11,282
up €11,282 (+322.9%), from €3,494 to €14,776
- Other operating charges -€1,877
down €1,877 (-50.4%), from €3,724 to €1,847
- Depreciation +€1,414
new in 2025: €1,414
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 | €27,348 | €113,099 | +€85,751 | +313.6% |
| Fixed assets | 21/28 | - | €21,266 | +€21,266 | |
| Tangible fixed assets | 22/27 | - | €21,266 | +€21,266 | |
| Furniture and vehicles | 24 | - | €21,266 | +€21,266 | |
| Current assets | 29/58 | €27,348 | €91,833 | +€64,484 | +235.8% |
| Amounts receivable within one year | 40/41 | €14,520 | €16,256 | +€1,736 | +12.0% |
| Trade receivables | 40 | €14,520 | €16,256 | +€1,736 | +12.0% |
| Cash at bank and in hand | 54/58 | €11,517 | €70,436 | +€58,919 | +511.6% |
| Deferred charges and accrued income | 490/1 | €1,311 | €5,141 | +€3,829 | +292.0% |
| Total equity and liabilities | 10/49 | €27,348 | €113,099 | +€85,751 | +313.6% |
| Equity | 10/15 | €15,073 | €64,588 | +€49,514 | +328.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,073 | €61,588 | +€49,514 | +410.1% |
| Amounts payable | 17/49 | €12,275 | €48,511 | +€36,236 | +295.2% |
| Amounts payable after more than one year | 17 | - | €17,374 | +€17,374 | |
| Financial debts | 170/4 | - | €17,374 | +€17,374 | |
| Amounts payable within one year | 42/48 | €12,275 | €31,137 | +€18,863 | +153.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,633 | +€4,633 | |
| Trade debts | 44 | €310 | €481 | +€172 | +55.5% |
| Suppliers | 440/4 | €310 | €481 | +€172 | +55.5% |
| Taxes, remuneration and social security | 45 | €11,689 | €25,984 | +€14,295 | +122.3% |
| Taxes | 450/3 | €11,689 | €25,984 | +€14,295 | +122.3% |
| Other amounts payable | 47/48 | €276 | €39 | -€237 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,414 | +€1,414 | |
| Other operating charges | 640/8 | €3,724 | €1,847 | -€1,877 | -50.4% |
| Gross operating margin | 9900 | €19,473 | €67,943 | +€48,470 | +248.9% |
| Operating profit (loss) | 9901 | €15,749 | €64,682 | +€48,933 | +310.7% |
| Financial charges | 65/66B | €182 | €392 | +€210 | +115.7% |
| Recurring financial charges | 65 | €182 | €392 | +€210 | +115.7% |
| Profit (loss) for the period before taxes | 9903 | €15,567 | €64,290 | +€48,723 | +313.0% |
| Income taxes | 67/77 | €3,494 | €14,776 | +€11,282 | +322.9% |
| Profit (loss) for the period | 9904 | €12,073 | €49,514 | +€37,441 | +310.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,073 | €49,514 | +€37,441 | +310.1% |
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 2 October 2026 via checked.be.