VISTO: 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.
VISTO
Largest movements
- Cash +€43,793
up €43,793 (+33.1%), from €132,195 to €175,988
mainly Net result for the year (+€32,417) and Investment in fixed assets (net) (+€5,400)
- Financial fixed assets -€5,400
no longer reported in 2025 (was €5,400)
- Receivables within one year -€4,015
down €4,015 (-25.6%), from €15,672 to €11,657
of which Trade receivables: -€3,748
- Profit (loss) carried forward +€32,417
up €32,417 (+594.4%), from €5,454 to €37,870
- Gross operating margin +€16,939
up €16,939 (+88.1%), from €19,218 to €36,157
- Financial charges -€899
down €899 (-92.1%), from €976 to €77
- Depreciation -€589
down €589 (-22.2%), from €2,653 to €2,064
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 | €213,254 | €245,180 | +€31,925 | +15.0% |
| Fixed assets | 21/28 | €9,071 | €1,607 | -€7,464 | -82.3% |
| Tangible fixed assets | 22/27 | €3,671 | €1,607 | -€2,064 | -56.2% |
| Land and buildings | 22 | €1,639 | €1,551 | -€87 | -5.3% |
| Other tangible fixed assets | 26 | €2,032 | €56 | -€1,976 | -97.3% |
| Financial fixed assets | 28 | €5,400 | - | -€5,400 | |
| Current assets | 29/58 | €204,184 | €243,572 | +€39,389 | +19.3% |
| Amounts receivable within one year | 40/41 | €15,672 | €11,657 | -€4,015 | -25.6% |
| Trade receivables | 40 | €12,728 | €8,980 | -€3,748 | -29.4% |
| Other amounts receivable | 41 | €2,945 | €2,678 | -€267 | -9.1% |
| Current investments | 50/53 | €51,776 | €51,776 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €132,195 | €175,988 | +€43,793 | +33.1% |
| Deferred charges and accrued income | 490/1 | €4,540 | €4,151 | -€389 | -8.6% |
| Total equity and liabilities | 10/49 | €213,254 | €245,180 | +€31,925 | +15.0% |
| Equity | 10/15 | €29,341 | €61,758 | +€32,417 | +110.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €5,138 | €5,138 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,263 | €3,263 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,454 | €37,870 | +€32,417 | +594.4% |
| Amounts payable | 17/49 | €183,913 | €183,421 | -€492 | -0.3% |
| Amounts payable after more than one year | 17 | €18,000 | €18,000 | = | 0.0% |
| Financial debts | 170/4 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €136,148 | €137,128 | +€980 | +0.7% |
| Trade debts | 44 | €902 | €1,992 | +€1,090 | +120.9% |
| Suppliers | 440/4 | €902 | €1,992 | +€1,090 | +120.9% |
| Taxes, remuneration and social security | 45 | - | €174 | +€174 | |
| Taxes | 450/3 | - | €174 | +€174 | |
| Other amounts payable | 47/48 | €135,246 | €134,962 | -€284 | -0.2% |
| Accrued charges and deferred income | 492/3 | €29,765 | €28,293 | -€1,472 | -4.9% |
| Remuneration, social security and pensions | 62 | - | €4 | +€4 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,653 | €2,064 | -€589 | -22.2% |
| Other operating charges | 640/8 | €2,224 | €2,262 | +€37 | +1.7% |
| Gross operating margin | 9900 | €19,218 | €36,157 | +€16,939 | +88.1% |
| Operating profit (loss) | 9901 | €14,340 | €31,827 | +€17,487 | +121.9% |
| Financial income | 75/76B | €307 | €667 | +€359 | +117.0% |
| Recurring financial income | 75 | €307 | €667 | +€359 | +117.0% |
| Financial charges | 65/66B | €976 | €77 | -€899 | -92.1% |
| Recurring financial charges | 65 | €976 | €77 | -€899 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | €13,671 | €32,417 | +€18,745 | +137.1% |
| Profit (loss) for the period | 9904 | €13,671 | €32,417 | +€18,745 | +137.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,671 | €32,417 | +€18,745 | +137.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.