VISTAPLUS: what changed
Two fiscal 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.
VISTAPLUS
Largest movements
- Receivables within one year +€149,736
up €149,736 (+272.6%), from €54,929 to €204,665
of which Other amounts receivable: +€149,682
- Current investments -€129,186
down €129,186 (-48.2%), from €268,262 to €139,076
- Cash +€32,524
up €32,524 (+63.4%), from €51,301 to €83,824
mainly Current investments (+€129,186) and Deferred charges and accrued income (+€30,267)
- Deferred charges and accrued income -€30,267
down €30,267 (-90.9%), from €33,314 to €3,047
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€29,939
down €29,939 (-30.0%), from €99,738 to €69,799
of which Financial income: -€29,939
- Taxes +€12,050
up €12,050 (+922.2%), from €1,307 to €13,357
- Gross operating margin -€7,822
down €7,822 (-24.4%), from -€32,010 to -€39,832
- Depreciation -€2,749
down €2,749 (-29.7%), from €9,254 to €6,505
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.
Cash bridge derived
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 | €2,825,084 | €2,841,387 | +€16,302 | +0.6% |
| Fixed assets | 21/28 | €17,279 | €10,774 | -€6,505 | -37.6% |
| Intangible fixed assets | 21 | €1,974 | €1,534 | -€440 | -22.3% |
| Tangible fixed assets | 22/27 | €14,305 | €8,241 | -€6,065 | -42.4% |
| Plant, machinery and equipment | 23 | €7,529 | €5,361 | -€2,167 | -28.8% |
| Furniture and vehicles | 24 | €6,777 | €2,879 | -€3,897 | -57.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €2,807,805 | €2,830,612 | +€22,807 | +0.8% |
| Amounts receivable after more than one year | 29 | €2,400,000 | €2,400,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,400,000 | €2,400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,929 | €204,665 | +€149,736 | +272.6% |
| Trade receivables | 40 | €9 | €63 | +€54 | +606.6% |
| Other amounts receivable | 41 | €54,920 | €204,602 | +€149,682 | +272.5% |
| Current investments | 50/53 | €268,262 | €139,076 | -€129,186 | -48.2% |
| Cash at bank and in hand | 54/58 | €51,301 | €83,824 | +€32,524 | +63.4% |
| Deferred charges and accrued income | 490/1 | €33,314 | €3,047 | -€30,267 | -90.9% |
| Total equity and liabilities | 10/49 | €2,825,084 | €2,841,387 | +€16,302 | +0.6% |
| Equity | 10/15 | €2,819,178 | €2,811,700 | -€7,478 | -0.3% |
| Contributions | 10/11 | €122,261 | €122,261 | = | 0.0% |
| Capital | 10 | €122,261 | €122,261 | = | 0.0% |
| Issued capital | 100 | €122,261 | €122,261 | = | 0.0% |
| Reserves | 13 | €2,696,917 | €2,689,439 | -€7,478 | -0.3% |
| Non-distributable reserves | 130/1 | €110,902 | €110,902 | = | 0.0% |
| Legal reserve | 130 | €110,902 | €110,902 | = | 0.0% |
| Distributable reserves | 133 | €2,586,015 | €2,578,537 | -€7,478 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,907 | €29,687 | +€23,780 | +402.6% |
| Amounts payable within one year | 42/48 | €4,269 | €29,123 | +€24,854 | +582.2% |
| Trade debts | 44 | €1,665 | €1,006 | -€658 | -39.5% |
| Suppliers | 440/4 | €1,665 | €1,006 | -€658 | -39.5% |
| Taxes, remuneration and social security | 45 | €485 | €12,596 | +€12,111 | +2496.6% |
| Taxes | 450/3 | €485 | €12,596 | +€12,111 | +2496.6% |
| Other amounts payable | 47/48 | €2,119 | €15,521 | +€13,401 | +632.4% |
| Accrued charges and deferred income | 492/3 | €1,638 | €564 | -€1,074 | -65.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,254 | €6,505 | -€2,749 | -29.7% |
| Other operating charges | 640/8 | €1,351 | €1,363 | +€12 | +0.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€32,010 | -€39,832 | -€7,822 | -24.4% |
| Operating profit (loss) | 9901 | -€42,615 | -€47,700 | -€5,085 | -11.9% |
| Financial income | 75/76B | €99,738 | €69,799 | -€29,939 | -30.0% |
| Recurring financial income | 75 | €99,738 | €69,799 | -€29,939 | -30.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,046 | €699 | -€347 | -33.1% |
| Recurring financial charges | 65 | €1,046 | €699 | -€347 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €56,077 | €21,400 | -€34,677 | -61.8% |
| Income taxes | 67/77 | €1,307 | €13,357 | +€12,050 | +922.2% |
| Profit (loss) for the period | 9904 | €54,770 | €8,043 | -€46,727 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,770 | €8,043 | -€46,727 | -85.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.