VISTA WORKS: what changed
VISTA WORKS
Largest movements
- Tangible fixed assets +€47,203
up €47,203 (+163%), from €28,949 to €76,152
of which Plant, machinery and equipment: +€53,653
- Receivables within one year -€24,364
down €24,364 (-19.0%), from €128,401 to €104,037
of which Trade receivables: -€29,215
- Cash +€18,463
up €18,463 (+57.6%), from €32,040 to €50,503
mainly Receivables within one year (+€24,364) and Net result for the year (+€22,916)
- Reserves +€30,000
up €30,000 (+41.7%), from €71,913 to €101,913
of which Distributable reserves: +€30,000
- Debts after one year +€11,703
new in 2025: €11,703
- Profit (loss) carried forward -€7,084
down €7,084 (-11.5%), from €61,661 to €54,577
- Tax, wage and social debts -€6,452
down €6,452 (-30.8%), from €20,963 to €14,511
of which Taxes: -€7,752
- Trade debts +€6,393
up €6,393 (+22.5%), from €28,475 to €34,868
- Gross operating margin -€13,396
down €13,396 (-18.2%), from €73,678 to €60,282
- Taxes -€12,671
down €12,671 (-51.9%), from €24,436 to €11,765
- Depreciation +€5,487
up €5,487 (+62.4%), from €8,787 to €14,274
- Financial charges +€1,097
up €1,097 (+86.9%), from €1,262 to €2,360
- Financial income +€1,079
up €1,079 (+104%), from €1,042 to €2,121
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,279 | €231,814 | +€39,535 | +20.6% |
| Fixed assets | 21/28 | €28,949 | €76,152 | +€47,203 | +163% |
| Tangible fixed assets | 22/27 | €28,949 | €76,152 | +€47,203 | +163% |
| Plant, machinery and equipment | 23 | €0 | €53,653 | +€53,653 | |
| Furniture and vehicles | 24 | €2,745 | €3,532 | +€786 | +28.6% |
| Other tangible fixed assets | 26 | €26,204 | €18,967 | -€7,237 | -27.6% |
| Current assets | 29/58 | €163,329 | €155,662 | -€7,668 | -4.7% |
| Amounts receivable within one year | 40/41 | €128,401 | €104,037 | -€24,364 | -19.0% |
| Trade receivables | 40 | €97,513 | €68,297 | -€29,215 | -30.0% |
| Other amounts receivable | 41 | €30,888 | €35,740 | +€4,852 | +15.7% |
| Cash at bank and in hand | 54/58 | €32,040 | €50,503 | +€18,463 | +57.6% |
| Deferred charges and accrued income | 490/1 | €2,888 | €1,122 | -€1,766 | -61.2% |
| Total equity and liabilities | 10/49 | €192,279 | €231,814 | +€39,535 | +20.6% |
| Equity | 10/15 | €142,254 | €165,170 | +€22,916 | +16.1% |
| Contributions | 10/11 | €8,680 | €8,680 | = | 0.0% |
| Reserves | 13 | €71,913 | €101,913 | +€30,000 | +41.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €53 | €53 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €100,000 | +€30,000 | +42.9% |
| Profit (loss) carried forward | 14 | €61,661 | €54,577 | -€7,084 | -11.5% |
| Amounts payable | 17/49 | €50,025 | €66,644 | +€16,620 | +33.2% |
| Amounts payable after more than one year | 17 | - | €11,703 | +€11,703 | |
| Financial debts | 170/4 | - | €11,703 | +€11,703 | |
| Amounts payable within one year | 42/48 | €50,025 | €54,941 | +€4,917 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,100 | +€5,100 | |
| Financial debts | 43 | €586 | €463 | -€124 | -21.1% |
| Credit institutions | 430/8 | €586 | €463 | -€124 | -21.1% |
| Trade debts | 44 | €28,475 | €34,868 | +€6,393 | +22.5% |
| Suppliers | 440/4 | €28,475 | €34,868 | +€6,393 | +22.5% |
| Taxes, remuneration and social security | 45 | €20,963 | €14,511 | -€6,452 | -30.8% |
| Taxes | 450/3 | €20,263 | €12,511 | -€7,752 | -38.3% |
| Remuneration and social security | 454/9 | €700 | €2,000 | +€1,300 | +186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,787 | €14,274 | +€5,487 | +62.4% |
| Other operating charges | 640/8 | €1,039 | €1,247 | +€208 | +20.0% |
| Non-recurring operating charges | 66A | €0 | €9,842 | +€9,842 | |
| Gross operating margin | 9900 | €73,678 | €60,282 | -€13,396 | -18.2% |
| Operating profit (loss) | 9901 | €63,853 | €34,919 | -€28,933 | -45.3% |
| Financial income | 75/76B | €1,042 | €2,121 | +€1,079 | +104% |
| Recurring financial income | 75 | €1,042 | €2,121 | +€1,079 | +104% |
| Financial charges | 65/66B | €1,262 | €2,360 | +€1,097 | +86.9% |
| Recurring financial charges | 65 | €1,262 | €2,360 | +€1,097 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €63,632 | €34,680 | -€28,952 | -45.5% |
| Income taxes | 67/77 | €24,436 | €11,765 | -€12,671 | -51.9% |
| Profit (loss) for the period | 9904 | €39,197 | €22,916 | -€16,281 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,197 | €22,916 | -€16,281 | -41.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.