Vistma: 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.
Vistma
Largest movements
- Tangible fixed assets +€71,105
up €71,105 (+339.5%), from €20,943 to €92,048
of which Furniture and vehicles: +€69,209
- Cash +€62,604
up €62,604 (+227.2%), from €27,554 to €90,158
mainly Trade debts (+€100,753) and Debts after one year (+€55,140)
- Receivables within one year +€23,365
up €23,365 (+52.1%), from €44,846 to €68,212
of which Trade receivables: +€14,331
- Stocks and contracts +€19,775
new in 2025: €19,775
- Deferred charges and accrued income +€18,646
new in 2025: €18,646
- Trade debts +€100,753
up €100,753 (+341.5%), from €29,501 to €130,254
- Debts after one year +€55,140
up €55,140 (+1496.8%), from €3,684 to €58,824
- Profit (loss) carried forward +€38,126
up €38,126 (+6361.5%), from €599 to €38,726
- Accrued charges and deferred income -€15,737
no longer reported in 2025 (was €15,737)
- Current portion of long-term debt +€10,145
up €10,145 (+115.7%), from €8,766 to €18,911
- Gross operating margin +€62,839
up €62,839 (+227.0%), from €27,679 to €90,518
- Taxes +€11,971
up €11,971 (+220.1%), from €5,440 to €17,411
- Staff costs +€10,867
new in 2025: €10,867
- Depreciation +€7,474
up €7,474 (+50.0%), from €14,954 to €22,428
- Financial income +€2,663
up €2,663 (+284.6%), from €936 to €3,598
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 | €93,343 | €288,839 | +€195,495 | +209.4% |
| Fixed assets | 21/28 | €20,943 | €92,048 | +€71,105 | +339.5% |
| Tangible fixed assets | 22/27 | €20,943 | €92,048 | +€71,105 | +339.5% |
| Plant, machinery and equipment | 23 | - | €1,896 | +€1,896 | |
| Furniture and vehicles | 24 | €20,943 | €90,152 | +€69,209 | +330.5% |
| Current assets | 29/58 | €72,400 | €196,791 | +€124,391 | +171.8% |
| Stocks and contracts in progress | 3 | - | €19,775 | +€19,775 | |
| Stocks | 30/36 | - | €19,775 | +€19,775 | |
| Amounts receivable within one year | 40/41 | €44,846 | €68,212 | +€23,365 | +52.1% |
| Trade receivables | 40 | €30,179 | €44,511 | +€14,331 | +47.5% |
| Other amounts receivable | 41 | €14,667 | €23,701 | +€9,034 | +61.6% |
| Cash at bank and in hand | 54/58 | €27,554 | €90,158 | +€62,604 | +227.2% |
| Deferred charges and accrued income | 490/1 | - | €18,646 | +€18,646 | |
| Total equity and liabilities | 10/49 | €93,343 | €288,839 | +€195,495 | +209.4% |
| Equity | 10/15 | €20,599 | €58,726 | +€38,126 | +185.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €599 | €38,726 | +€38,126 | +6361.5% |
| Amounts payable | 17/49 | €72,744 | €230,113 | +€157,369 | +216.3% |
| Amounts payable after more than one year | 17 | €3,684 | €58,824 | +€55,140 | +1496.8% |
| Financial debts | 170/4 | €3,684 | €58,824 | +€55,140 | +1496.8% |
| Amounts payable within one year | 42/48 | €53,323 | €171,289 | +€117,966 | +221.2% |
| Current portion of amounts payable after more than one year | 42 | €8,766 | €18,911 | +€10,145 | +115.7% |
| Trade debts | 44 | €29,501 | €130,254 | +€100,753 | +341.5% |
| Suppliers | 440/4 | €29,501 | €130,254 | +€100,753 | +341.5% |
| Taxes, remuneration and social security | 45 | €7,410 | €14,489 | +€7,079 | +95.5% |
| Taxes | 450/3 | €7,410 | €12,411 | +€5,001 | +67.5% |
| Remuneration and social security | 454/9 | - | €2,079 | +€2,079 | |
| Other amounts payable | 47/48 | €7,646 | €7,634 | -€12 | -0.2% |
| Accrued charges and deferred income | 492/3 | €15,737 | - | -€15,737 | |
| Remuneration, social security and pensions | 62 | - | €10,867 | +€10,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,954 | €22,428 | +€7,474 | +50.0% |
| Other operating charges | 640/8 | €1,080 | €2,390 | +€1,310 | +121.3% |
| Gross operating margin | 9900 | €27,679 | €90,518 | +€62,839 | +227.0% |
| Operating profit (loss) | 9901 | €11,645 | €54,834 | +€43,189 | +370.9% |
| Financial income | 75/76B | €936 | €3,598 | +€2,663 | +284.6% |
| Recurring financial income | 75 | €936 | €3,598 | +€2,663 | +284.6% |
| Financial charges | 65/66B | €390 | €2,895 | +€2,505 | +642.1% |
| Recurring financial charges | 65 | €390 | €2,895 | +€2,505 | +642.1% |
| Profit (loss) for the period before taxes | 9903 | €12,191 | €55,537 | +€43,346 | +355.6% |
| Income taxes | 67/77 | €5,440 | €17,411 | +€11,971 | +220.1% |
| Profit (loss) for the period | 9904 | €6,751 | €38,126 | +€31,376 | +464.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,751 | €38,126 | +€31,376 | +464.8% |
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 12 October 2026 via checked.be.