VISTA MANAGEMENT: what changed
Two financial 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 MANAGEMENT
Largest movements
- Cash +€58,577
up €58,577 (+3,275%), from €1,789 to €60,366
mainly Net result for the year (+€127,759) and Trade debts (+€36,106)
- Reserves +€127,759
up €127,759 (+11.8%), from €1.1m to €1.2m
of which Distributable reserves: +€127,759
- Provisions -€50,286
down €50,286 (-100%), from €50,286 to €0
- Tax, wage and social debts -€42,339
down €42,339 (-48.3%), from €87,711 to €45,372
- Trade debts +€36,106
up €36,106 (+480%), from €7,524 to €43,630
- Debts after one year -€27,736
down €27,736 (-100%), from €27,736 to €0
- Financial income -€654,709
down €654,709 (-98.3%), from €665,775 to €11,066
- Gross operating margin +€111,869
up €111,869 (+161%), from €69,656 to €181,525
- Provisions -€100,572
down €100,572, from €50,286 to -€50,286
- Financial charges +€51,897
up €51,897 (+1,266%), from €4,098 to €55,995
- Taxes +€10,529
up €10,529 (+25.8%), from €40,790 to €51,319
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.
Derived cash bridge
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 | €1,313,673 | €1,371,282 | +€57,609 | +4.4% |
| Fixed assets | 21/28 | €1,128,287 | €1,127,907 | -€380 | 0.0% |
| Tangible fixed assets | 22/27 | €10,393 | €10,013 | -€380 | -3.7% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €5,281 | €3,700 | -€1,581 | -29.9% |
| Other tangible fixed assets | 26 | €5,113 | €6,314 | +€1,201 | +23.5% |
| Financial fixed assets | 28 | €1,117,893 | €1,117,893 | = | 0.0% |
| Current assets | 29/58 | €185,387 | €243,376 | +€57,989 | +31.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €182,524 | €181,543 | -€981 | -0.5% |
| Trade receivables | 40 | - | €90 | +€90 | |
| Other amounts receivable | 41 | €182,524 | €181,453 | -€1,071 | -0.6% |
| Cash at bank and in hand | 54/58 | €1,789 | €60,366 | +€58,577 | +3,275% |
| Deferred charges and accrued income | 490/1 | €1,074 | €1,467 | +€393 | +36.6% |
| Total equity and liabilities | 10/49 | €1,313,673 | €1,371,282 | +€57,609 | +4.4% |
| Equity | 10/15 | €1,090,307 | €1,218,066 | +€127,759 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,084,107 | €1,211,866 | +€127,759 | +11.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,082,247 | €1,210,006 | +€127,759 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €50,286 | €0 | -€50,286 | -100% |
| Provisions for liabilities and charges | 160/5 | €50,286 | €0 | -€50,286 | -100% |
| Other liabilities and charges | 164/5 | €50,286 | €0 | -€50,286 | -100% |
| Amounts payable | 17/49 | €173,080 | €153,216 | -€19,864 | -11.5% |
| Amounts payable after more than one year | 17 | €27,736 | €0 | -€27,736 | -100% |
| Financial debts | 170/4 | €27,736 | €0 | -€27,736 | -100% |
| Amounts payable within one year | 42/48 | €145,125 | €153,018 | +€7,893 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €43,795 | €57,425 | +€13,629 | +31.1% |
| Financial debts | 43 | €6,094 | €6,591 | +€497 | +8.2% |
| Credit institutions | 430/8 | €6,094 | €6,591 | +€497 | +8.2% |
| Trade debts | 44 | €7,524 | €43,630 | +€36,106 | +480% |
| Suppliers | 440/4 | €7,524 | €43,630 | +€36,106 | +480% |
| Taxes, remuneration and social security | 45 | €87,711 | €45,372 | -€42,339 | -48.3% |
| Taxes | 450/3 | €87,711 | €45,372 | -€42,339 | -48.3% |
| Accrued charges and deferred income | 492/3 | €220 | €198 | -€21 | -9.8% |
| Non-recurring operating income | 76A | - | €348 | +€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,271 | €3,018 | -€1,253 | -29.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €50,286 | -€50,286 | -€100,572 | |
| Other operating charges | 640/8 | €4,677 | €4,786 | +€109 | +2.3% |
| Gross operating margin | 9900 | €69,656 | €181,525 | +€111,869 | +161% |
| Operating profit (loss) | 9901 | €10,422 | €224,007 | +€213,585 | +2,049% |
| Financial income | 75/76B | €665,775 | €11,066 | -€654,709 | -98.3% |
| Recurring financial income | 75 | €665,775 | €11,066 | -€654,709 | -98.3% |
| Financial charges | 65/66B | €4,098 | €55,995 | +€51,897 | +1,266% |
| Recurring financial charges | 65 | €4,098 | €55,995 | +€51,897 | +1,266% |
| Profit (loss) for the period before taxes | 9903 | €672,099 | €179,078 | -€493,021 | -73.4% |
| Income taxes | 67/77 | €40,790 | €51,319 | +€10,529 | +25.8% |
| Profit (loss) for the period | 9904 | €631,309 | €127,759 | -€503,550 | -79.8% |
| Profit (loss) for the period to be appropriated | 9905 | €631,309 | €127,759 | -€503,550 | -79.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.