VISTAMEDIA: 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.
VISTAMEDIA
Largest movements
- Receivables within one year +€272,948
up €272,948 (+36.8%), from €742,604 to €1.0m
of which Other amounts receivable: +€486,363
- Cash +€238,204
up €238,204 (+3,774%), from €6,312 to €244,516
mainly Debts after one year (+€538,889) and Short-term financial debts (+€100,000)
- Deferred charges and accrued income -€36,748
down €36,748 (-14.7%), from €249,670 to €212,922
- Intangible fixed assets -€31,140
down €31,140 (-25.0%), from €124,580 to €93,440
- Tangible fixed assets -€17,386
down €17,386 (-26.3%), from €66,178 to €48,792
of which Furniture and vehicles: -€19,617
- Debts after one year +€538,889
up €538,889 (+334%), from €161,111 to €700,000
- Other debts -€238,657
down €238,657 (-65.9%), from €362,318 to €123,662
- Trade debts -€128,759
down €128,759 (-38.5%), from €334,179 to €205,421
- Short-term financial debts +€100,000
new in 2025: €100,000
- Accrued charges and deferred income +€85,000
new in 2025: €85,000
- Gross operating margin +€16,936
up €16,936 (+6.3%), from €268,443 to €285,378
- Depreciation -€11,778
down €11,778 (-13.6%), from €86,479 to €74,700
- Taxes +€10,690
up €10,690 (+60.5%), from €17,683 to €28,373
- Financial charges +€6,416
up €6,416 (+59.9%), from €10,711 to €17,127
- Staff costs +€3,130
up €3,130 (+2.3%), from €136,424 to €139,554
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 | €1,210,653 | €1,636,531 | +€425,878 | +35.2% |
| Fixed assets | 21/28 | €212,067 | €163,541 | -€48,526 | -22.9% |
| Intangible fixed assets | 21 | €124,580 | €93,440 | -€31,140 | -25.0% |
| Tangible fixed assets | 22/27 | €66,178 | €48,792 | -€17,386 | -26.3% |
| Plant, machinery and equipment | 23 | €13,041 | €27,662 | +€14,621 | +112% |
| Furniture and vehicles | 24 | €29,817 | €10,199 | -€19,617 | -65.8% |
| Leasing and similar rights | 25 | €23,320 | €10,930 | -€12,390 | -53.1% |
| Financial fixed assets | 28 | €21,309 | €21,309 | = | 0.0% |
| Current assets | 29/58 | €998,586 | €1,472,990 | +€474,404 | +47.5% |
| Amounts receivable within one year | 40/41 | €742,604 | €1,015,552 | +€272,948 | +36.8% |
| Trade receivables | 40 | €236,197 | €22,782 | -€213,415 | -90.4% |
| Other amounts receivable | 41 | €506,407 | €992,770 | +€486,363 | +96.0% |
| Cash at bank and in hand | 54/58 | €6,312 | €244,516 | +€238,204 | +3,774% |
| Deferred charges and accrued income | 490/1 | €249,670 | €212,922 | -€36,748 | -14.7% |
| Total equity and liabilities | 10/49 | €1,210,653 | €1,636,531 | +€425,878 | +35.2% |
| Equity | 10/15 | €285,622 | €290,443 | +€4,821 | +1.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €273,222 | €278,043 | +€4,821 | +1.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €271,363 | €276,184 | +€4,821 | +1.8% |
| Amounts payable | 17/49 | €925,031 | €1,346,087 | +€421,056 | +45.5% |
| Amounts payable after more than one year | 17 | €161,111 | €700,000 | +€538,889 | +334% |
| Financial debts | 170/4 | €161,111 | €700,000 | +€538,889 | +334% |
| Amounts payable within one year | 42/48 | €763,920 | €561,087 | -€202,832 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €29,184 | €11,111 | -€18,073 | -61.9% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €334,179 | €205,421 | -€128,759 | -38.5% |
| Suppliers | 440/4 | €334,179 | €205,421 | -€128,759 | -38.5% |
| Taxes, remuneration and social security | 45 | €38,238 | €120,894 | +€82,656 | +216% |
| Taxes | 450/3 | €10,653 | €93,755 | +€83,102 | +780% |
| Remuneration and social security | 454/9 | €27,585 | €27,139 | -€446 | -1.6% |
| Other amounts payable | 47/48 | €362,318 | €123,662 | -€238,657 | -65.9% |
| Accrued charges and deferred income | 492/3 | - | €85,000 | +€85,000 | |
| Non-recurring operating income | 76A | €68,196 | - | -€68,196 | |
| Remuneration, social security and pensions | 62 | €136,424 | €139,554 | +€3,130 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,479 | €74,700 | -€11,778 | -13.6% |
| Other operating charges | 640/8 | €6,752 | €6,231 | -€521 | -7.7% |
| Gross operating margin | 9900 | €268,443 | €285,378 | +€16,936 | +6.3% |
| Operating profit (loss) | 9901 | €38,788 | €64,893 | +€26,105 | +67.3% |
| Financial income | 75/76B | €4,422 | €7,428 | +€3,006 | +68.0% |
| Recurring financial income | 75 | €4,422 | €7,428 | +€3,006 | +68.0% |
| Financial charges | 65/66B | €10,711 | €17,127 | +€6,416 | +59.9% |
| Recurring financial charges | 65 | €10,711 | €17,127 | +€6,416 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €32,499 | €55,194 | +€22,695 | +69.8% |
| Income taxes | 67/77 | €17,683 | €28,373 | +€10,690 | +60.5% |
| Profit (loss) for the period | 9904 | €14,816 | €26,821 | +€12,005 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,816 | €26,821 | +€12,005 | +81.0% |
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 13 October 2026 via checked.be.