VISTALARO: 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.
VISTALARO
Largest movements
- Cash -€71,465
down €71,465 (-40.4%), from €176,795 to €105,329
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€62,479)
- Receivables within one year +€62,479
up €62,479 (+59.1%), from €105,731 to €168,210
of which Trade receivables: +€70,246
- Tangible fixed assets +€14,832
up €14,832 (+47.4%), from €31,270 to €46,102
of which Furniture and vehicles: +€20,681
- Other debts -€22,372
down €22,372 (-20.2%), from €110,480 to €88,108
- Tax, wage and social debts +€15,523
up €15,523 (+35.4%), from €43,828 to €59,351
of which Taxes: +€19,654
- Profit (loss) carried forward +€14,595
up €14,595 (+11.6%), from €125,982 to €140,578
- Gross operating margin -€32,458
down €32,458 (-11.0%), from €294,992 to €262,534
- Staff costs -€9,862
down €9,862 (-9.7%), from €101,248 to €91,386
- Taxes -€7,719
down €7,719 (-17.2%), from €44,786 to €37,068
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 | €316,670 | €323,729 | +€7,059 | +2.2% |
| Fixed assets | 21/28 | €31,430 | €46,262 | +€14,832 | +47.2% |
| Tangible fixed assets | 22/27 | €31,270 | €46,102 | +€14,832 | +47.4% |
| Plant, machinery and equipment | 23 | €13,642 | €10,935 | -€2,707 | -19.8% |
| Furniture and vehicles | 24 | €7,253 | €27,935 | +€20,681 | +285% |
| Other tangible fixed assets | 26 | €10,374 | €7,232 | -€3,143 | -30.3% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €285,240 | €277,468 | -€7,772 | -2.7% |
| Amounts receivable within one year | 40/41 | €105,731 | €168,210 | +€62,479 | +59.1% |
| Trade receivables | 40 | €85,750 | €155,996 | +€70,246 | +81.9% |
| Other amounts receivable | 41 | €19,981 | €12,213 | -€7,767 | -38.9% |
| Cash at bank and in hand | 54/58 | €176,795 | €105,329 | -€71,465 | -40.4% |
| Deferred charges and accrued income | 490/1 | €2,714 | €3,929 | +€1,214 | +44.7% |
| Total equity and liabilities | 10/49 | €316,670 | €323,729 | +€7,059 | +2.2% |
| Equity | 10/15 | €130,982 | €145,578 | +€14,595 | +11.1% |
| Contributions | 10/11 | €3,140 | €3,140 | = | 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 | €125,982 | €140,578 | +€14,595 | +11.6% |
| Amounts payable | 17/49 | €185,688 | €178,152 | -€7,536 | -4.1% |
| Amounts payable within one year | 42/48 | €185,688 | €178,152 | -€7,536 | -4.1% |
| Trade debts | 44 | €31,380 | €30,693 | -€687 | -2.2% |
| Suppliers | 440/4 | €31,380 | €30,693 | -€687 | -2.2% |
| Taxes, remuneration and social security | 45 | €43,828 | €59,351 | +€15,523 | +35.4% |
| Taxes | 450/3 | €27,965 | €47,620 | +€19,654 | +70.3% |
| Remuneration and social security | 454/9 | €15,862 | €11,731 | -€4,131 | -26.0% |
| Other amounts payable | 47/48 | €110,480 | €88,108 | -€22,372 | -20.2% |
| Non-recurring operating income | 76A | - | €532 | +€532 | |
| Remuneration, social security and pensions | 62 | €101,248 | €91,386 | -€9,862 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,920 | €11,214 | +€2,294 | +25.7% |
| Other operating charges | 640/8 | €869 | €945 | +€76 | +8.8% |
| Non-recurring operating charges | 66A | €1,150 | €6,668 | +€5,518 | +480% |
| Gross operating margin | 9900 | €294,992 | €262,534 | -€32,458 | -11.0% |
| Operating profit (loss) | 9901 | €182,806 | €152,321 | -€30,485 | -16.7% |
| Financial income | 75/76B | €459 | €558 | +€100 | +21.7% |
| Recurring financial income | 75 | €459 | €558 | +€100 | +21.7% |
| Financial charges | 65/66B | €1,082 | €1,216 | +€134 | +12.4% |
| Recurring financial charges | 65 | €769 | €1,177 | +€407 | +53.0% |
| Non-recurring financial charges | 66B | €313 | €39 | -€274 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €182,182 | €151,663 | -€30,519 | -16.8% |
| Income taxes | 67/77 | €44,786 | €37,068 | -€7,719 | -17.2% |
| Profit (loss) for the period | 9904 | €137,396 | €114,595 | -€22,801 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €137,396 | €114,595 | -€22,801 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.