VISTALINE: 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.
VISTALINE
Largest movements
- Receivables within one year +€20,784
up €20,784 (+172%), from €12,079 to €32,863
of which Trade receivables: +€18,427
- Tangible fixed assets -€8,867
down €8,867 (-65.3%), from €13,575 to €4,708
of which Leasing and similar rights: -€7,220
- Cash -€5,175
down €5,175 (-23.8%), from €21,723 to €16,548
mainly Receivables within one year (-€20,784) and Current portion of long-term debt (-€10,264)
- Reserves +€15,492
up €15,492 (+57.0%), from €27,202 to €42,694
- Current portion of long-term debt -€10,264
no longer reported in 2025 (was €10,264)
- Trade debts +€2,837
up €2,837 (+50.4%), from €5,626 to €8,463
- Other debts -€1,748
down €1,748 (-72.6%), from €2,407 to €659
- Gross operating margin -€21,909
down €21,909 (-47.1%), from €46,531 to €24,622
- Depreciation -€7,480
down €7,480 (-71.3%), from €10,490 to €3,010
- Taxes +€1,808
up €1,808 (+51.2%), from €3,529 to €5,337
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 | €48,499 | €55,154 | +€6,655 | +13.7% |
| Fixed assets | 21/28 | €13,575 | €4,708 | -€8,867 | -65.3% |
| Tangible fixed assets | 22/27 | €13,575 | €4,708 | -€8,867 | -65.3% |
| Plant, machinery and equipment | 23 | €6,355 | €4,708 | -€1,647 | -25.9% |
| Leasing and similar rights | 25 | €7,220 | - | -€7,220 | |
| Current assets | 29/58 | €34,924 | €50,446 | +€15,522 | +44.4% |
| Amounts receivable within one year | 40/41 | €12,079 | €32,863 | +€20,784 | +172% |
| Trade receivables | 40 | €9,166 | €27,593 | +€18,427 | +201% |
| Other amounts receivable | 41 | €2,913 | €5,270 | +€2,357 | +80.9% |
| Cash at bank and in hand | 54/58 | €21,723 | €16,548 | -€5,175 | -23.8% |
| Deferred charges and accrued income | 490/1 | €1,122 | €1,035 | -€87 | -7.8% |
| Total equity and liabilities | 10/49 | €48,499 | €55,154 | +€6,655 | +13.7% |
| Equity | 10/15 | €30,202 | €45,694 | +€15,492 | +51.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,202 | €42,694 | +€15,492 | +57.0% |
| Distributable reserves | 133 | €27,202 | €42,694 | +€15,492 | +57.0% |
| Amounts payable | 17/49 | €18,297 | €9,460 | -€8,837 | -48.3% |
| Amounts payable within one year | 42/48 | €18,297 | €9,460 | -€8,837 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €10,264 | - | -€10,264 | |
| Trade debts | 44 | €5,626 | €8,463 | +€2,837 | +50.4% |
| Suppliers | 440/4 | €5,626 | €8,463 | +€2,837 | +50.4% |
| Taxes, remuneration and social security | 45 | - | €338 | +€338 | |
| Taxes | 450/3 | - | €338 | +€338 | |
| Other amounts payable | 47/48 | €2,407 | €659 | -€1,748 | -72.6% |
| Non-recurring operating income | 76A | - | €4,670 | +€4,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,490 | €3,010 | -€7,480 | -71.3% |
| Other operating charges | 640/8 | €493 | €266 | -€227 | -46.0% |
| Gross operating margin | 9900 | €46,531 | €24,622 | -€21,909 | -47.1% |
| Operating profit (loss) | 9901 | €35,548 | €21,346 | -€14,202 | -40.0% |
| Financial charges | 65/66B | €347 | €518 | +€171 | +49.3% |
| Recurring financial charges | 65 | €347 | €518 | +€171 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €35,201 | €20,828 | -€14,373 | -40.8% |
| Income taxes | 67/77 | €3,529 | €5,337 | +€1,808 | +51.2% |
| Profit (loss) for the period | 9904 | €31,672 | €15,491 | -€16,181 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,672 | €15,491 | -€16,181 | -51.1% |
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 18 October 2026 via checked.be.