Vistalago: what changed
Vistalago
Largest movements
- Receivables within one year +€91,593
up €91,593 (+559%), from €16,393 to €107,987
of which Trade receivables: +€46,749
- Cash +€50,586
up €50,586 (+469%), from €10,781 to €61,367
mainly Net result for the year (+€85,588) and Tax, wage and social debts (+€41,757)
- Tangible fixed assets +€20,278
up €20,278 (+1,537%), from €1,319 to €21,597
- Reserves +€85,000
new in 2025: €85,000
- Tax, wage and social debts +€41,757
up €41,757 (+301%), from €13,862 to €55,620
of which Taxes: +€40,921
- Trade debts +€24,296
up €24,296 (+693%), from €3,507 to €27,803
- Other debts +€10,000
new in 2025: €10,000
- Gross operating margin +€111,670
up €111,670 (+677%), from €16,489 to €128,159
- Taxes +€33,877
up €33,877 (+768%), from €4,408 to €38,285
- Depreciation +€2,327
up €2,327 (+494%), from €471 to €2,798
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 | €31,219 | €193,175 | +€161,957 | +519% |
| Formation expenses | 20 | €639 | €0 | -€639 | -100% |
| Fixed assets | 21/28 | €1,319 | €21,597 | +€20,278 | +1,537% |
| Tangible fixed assets | 22/27 | €1,319 | €21,597 | +€20,278 | +1,537% |
| Furniture and vehicles | 24 | €1,319 | €21,597 | +€20,278 | +1,537% |
| Current assets | 29/58 | €29,260 | €171,578 | +€142,318 | +486% |
| Amounts receivable within one year | 40/41 | €16,393 | €107,987 | +€91,593 | +559% |
| Trade receivables | 40 | €1,110 | €47,860 | +€46,749 | +4,210% |
| Other amounts receivable | 41 | €15,283 | €60,127 | +€44,844 | +293% |
| Cash at bank and in hand | 54/58 | €10,781 | €61,367 | +€50,586 | +469% |
| Deferred charges and accrued income | 490/1 | €2,087 | €2,225 | +€138 | +6.6% |
| Total equity and liabilities | 10/49 | €31,219 | €193,175 | +€161,957 | +519% |
| Equity | 10/15 | €13,849 | €99,438 | +€85,588 | +618% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €85,000 | +€85,000 | |
| Distributable reserves | 133 | - | €85,000 | +€85,000 | |
| Profit (loss) carried forward | 14 | €10,849 | €11,438 | +€588 | +5.4% |
| Amounts payable | 17/49 | €17,370 | €93,738 | +€76,368 | +440% |
| Amounts payable within one year | 42/48 | €17,370 | €93,423 | +€76,053 | +438% |
| Trade debts | 44 | €3,507 | €27,803 | +€24,296 | +693% |
| Suppliers | 440/4 | €3,507 | €27,803 | +€24,296 | +693% |
| Taxes, remuneration and social security | 45 | €13,862 | €55,620 | +€41,757 | +301% |
| Taxes | 450/3 | €11,700 | €52,621 | +€40,921 | +350% |
| Remuneration and social security | 454/9 | €2,163 | €2,999 | +€836 | +38.7% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | - | €315 | +€315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471 | €2,798 | +€2,327 | +494% |
| Other operating charges | 640/8 | €437 | - | -€437 | |
| Gross operating margin | 9900 | €16,489 | €128,159 | +€111,670 | +677% |
| Operating profit (loss) | 9901 | €15,581 | €125,360 | +€109,780 | +705% |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €358 | €1,486 | +€1,128 | +315% |
| Recurring financial charges | 65 | €358 | €1,486 | +€1,128 | +315% |
| Profit (loss) for the period before taxes | 9903 | €15,258 | €123,874 | +€108,616 | +712% |
| Income taxes | 67/77 | €4,408 | €38,285 | +€33,877 | +768% |
| Profit (loss) for the period | 9904 | €10,849 | €85,588 | +€74,739 | +689% |
| Profit (loss) for the period to be appropriated | 9905 | €10,849 | €85,588 | +€74,739 | +689% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.