Vistabuild: 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.
Vistabuild
Largest movements
- Stocks and contracts +€153,582
new in 2025: €153,582
- Receivables within one year +€6,310
up €6,310 (+140%), from €4,517 to €10,827
of which Trade receivables: +€6,075
- Tangible fixed assets -€5,797
down €5,797 (-44.3%), from €13,076 to €7,279
of which Plant, machinery and equipment: -€4,283
- Deferred charges and accrued income -€4,360
no longer reported in 2025 (was €4,360)
- Short-term financial debts +€99,477
new in 2025: €99,477
of which Other loans: +€99,454
- Other debts +€67,628
up €67,628 (+186%), from €36,359 to €103,986
- Profit (loss) carried forward -€14,127
down €14,127 (-32.8%), from -€43,007 to -€57,134
- Current portion of long-term debt -€6,065
no longer reported in 2025 (was €6,065)
- Gross operating margin -€7,332
down €7,332, from €3,126 to -€4,206
- Financial charges +€1,192
up €1,192 (+236%), from €505 to €1,697
- Depreciation -€220
down €220 (-2.9%), from €7,471 to €7,250
- Other operating charges +€169
up €169 (+21.0%), from €805 to €974
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 | €31,454 | €178,428 | +€146,974 | +467% |
| Fixed assets | 21/28 | €19,302 | €12,051 | -€7,250 | -37.6% |
| Intangible fixed assets | 21 | €6,226 | €4,772 | -€1,454 | -23.4% |
| Tangible fixed assets | 22/27 | €13,076 | €7,279 | -€5,797 | -44.3% |
| Plant, machinery and equipment | 23 | €11,562 | €7,279 | -€4,283 | -37.0% |
| Furniture and vehicles | 24 | €1,514 | €0 | -€1,514 | -100% |
| Current assets | 29/58 | €12,153 | €166,377 | +€154,224 | +1,269% |
| Stocks and contracts in progress | 3 | - | €153,582 | +€153,582 | |
| Stocks | 30/36 | - | €153,582 | +€153,582 | |
| Amounts receivable within one year | 40/41 | €4,517 | €10,827 | +€6,310 | +140% |
| Trade receivables | 40 | €4,050 | €10,125 | +€6,075 | +150% |
| Other amounts receivable | 41 | €467 | €702 | +€235 | +50.3% |
| Cash at bank and in hand | 54/58 | €3,275 | €1,967 | -€1,308 | -39.9% |
| Deferred charges and accrued income | 490/1 | €4,360 | - | -€4,360 | |
| Total equity and liabilities | 10/49 | €31,454 | €178,428 | +€146,974 | +467% |
| Equity | 10/15 | -€22,547 | -€36,674 | -€14,127 | -62.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,007 | -€57,134 | -€14,127 | -32.8% |
| Amounts payable | 17/49 | €54,001 | €215,102 | +€161,101 | +298% |
| Amounts payable within one year | 42/48 | €54,001 | €215,102 | +€161,101 | +298% |
| Current portion of amounts payable after more than one year | 42 | €6,065 | - | -€6,065 | |
| Financial debts | 43 | - | €99,477 | +€99,477 | |
| Credit institutions | 430/8 | - | €23 | +€23 | |
| Other loans | 439 | - | €99,454 | +€99,454 | |
| Trade debts | 44 | €11,577 | €11,638 | +€61 | +0.5% |
| Suppliers | 440/4 | €11,577 | €11,638 | +€61 | +0.5% |
| Other amounts payable | 47/48 | €36,359 | €103,986 | +€67,628 | +186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,471 | €7,250 | -€220 | -2.9% |
| Other operating charges | 640/8 | €805 | €974 | +€169 | +21.0% |
| Gross operating margin | 9900 | €3,126 | -€4,206 | -€7,332 | |
| Operating profit (loss) | 9901 | -€5,150 | -€12,430 | -€7,280 | -141% |
| Financial charges | 65/66B | €505 | €1,697 | +€1,192 | +236% |
| Recurring financial charges | 65 | €505 | €1,697 | +€1,192 | +236% |
| Profit (loss) for the period before taxes | 9903 | -€5,655 | -€14,127 | -€8,472 | -150% |
| Profit (loss) for the period | 9904 | -€5,655 | -€14,127 | -€8,472 | -150% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,655 | -€14,127 | -€8,472 | -150% |
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 14 October 2026 via checked.be.