VISTRADEX: 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.
VISTRADEX
Largest movements
- Cash +€728,330
up €728,330 (+318.6%), from €228,595 to €956,924
mainly Current investments (+€600,000) and Net result for the year (+€131,007)
- Current investments -€600,000
down €600,000 (-100.0%), from €600,000 to €0
- Receivables within one year +€11,673
up €11,673 (+34.3%), from €34,029 to €45,703
of which Other amounts receivable: +€6,946
- Reserves +€131,007
up €131,007 (+16.0%), from €820,372 to €951,379
of which Distributable reserves: +€131,007
- Gross operating margin -€29,350
down €29,350 (-14.2%), from €207,342 to €177,992
- Depreciation -€9,167
down €9,167 (-85.6%), from €10,710 to €1,542
- Taxes -€6,705
down €6,705 (-9.5%), from €70,629 to €63,923
- Financial income +€4,894
up €4,894 (+33.8%), from €14,484 to €19,378
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 | €870,568 | €1,009,028 | +€138,461 | +15.9% |
| Fixed assets | 21/28 | €7,944 | €6,401 | -€1,542 | -19.4% |
| Tangible fixed assets | 22/27 | €7,544 | €6,001 | -€1,542 | -20.4% |
| Plant, machinery and equipment | 23 | €5,370 | €4,675 | -€695 | -12.9% |
| Furniture and vehicles | 24 | €2,174 | €1,326 | -€847 | -39.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €862,624 | €1,002,627 | +€140,003 | +16.2% |
| Amounts receivable within one year | 40/41 | €34,029 | €45,703 | +€11,673 | +34.3% |
| Trade receivables | 40 | €20,589 | €25,316 | +€4,727 | +23.0% |
| Other amounts receivable | 41 | €13,440 | €20,386 | +€6,946 | +51.7% |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €228,595 | €956,924 | +€728,330 | +318.6% |
| Total equity and liabilities | 10/49 | €870,568 | €1,009,028 | +€138,461 | +15.9% |
| Equity | 10/15 | €840,103 | €971,110 | +€131,007 | +15.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €820,372 | €951,379 | +€131,007 | +16.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €818,512 | €949,519 | +€131,007 | +16.0% |
| Profit (loss) carried forward | 14 | €13,531 | €13,531 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €30,465 | €37,918 | +€7,453 | +24.5% |
| Amounts payable within one year | 42/48 | €30,465 | €37,918 | +€7,453 | +24.5% |
| Trade debts | 44 | €460 | €591 | +€131 | +28.5% |
| Suppliers | 440/4 | €460 | €591 | +€131 | +28.5% |
| Taxes, remuneration and social security | 45 | €30,005 | €37,327 | +€7,322 | +24.4% |
| Taxes | 450/3 | €30,005 | €37,327 | +€7,322 | +24.4% |
| Non-recurring operating income | 76A | €27,500 | €0 | -€27,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,710 | €1,542 | -€9,167 | -85.6% |
| Other operating charges | 640/8 | €861 | €649 | -€212 | -24.6% |
| Gross operating margin | 9900 | €207,342 | €177,992 | -€29,350 | -14.2% |
| Operating profit (loss) | 9901 | €195,772 | €175,801 | -€19,971 | -10.2% |
| Financial income | 75/76B | €14,484 | €19,378 | +€4,894 | +33.8% |
| Recurring financial income | 75 | €14,484 | €19,378 | +€4,894 | +33.8% |
| Financial charges | 65/66B | €283 | €248 | -€35 | -12.4% |
| Recurring financial charges | 65 | €283 | €248 | -€35 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €209,973 | €194,931 | -€15,042 | -7.2% |
| Income taxes | 67/77 | €70,629 | €63,923 | -€6,705 | -9.5% |
| Profit (loss) for the period | 9904 | €139,344 | €131,007 | -€8,337 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €139,344 | €131,007 | -€8,337 | -6.0% |
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 7 October 2026 via checked.be.