VISTRO: 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.
VISTRO
Largest movements
- Cash -€44,268
down €44,268 (-13.4%), from €331,442 to €287,174
mainly Debts after one year (-€60,482) and Trade debts (-€13,947)
- Tangible fixed assets -€8,501
down €8,501 (-18.4%), from €46,320 to €37,820
of which Plant, machinery and equipment: -€6,510
- Intangible fixed assets -€7,125
no longer reported in 2025 (was €7,125)
- Debts after one year -€60,482
down €60,482 (-59.5%), from €101,670 to €41,188
- Profit (loss) carried forward +€26,371
up €26,371 (+17.5%), from €150,915 to €177,286
- Trade debts -€13,947
down €13,947 (-15.3%), from €91,034 to €77,086
- Reserves -€7,410
down €7,410 (-6.5%), from €113,633 to €106,223
of which Tax-exempt reserves: -€7,410
- Gross operating margin -€157,594
down €157,594 (-34.4%), from €457,973 to €300,379
- Financial income +€55,778
up €55,778 (+46239.2%), from €121 to €55,899
of which Non-recurring financial income: +€43,003
- Financial charges +€29,607
up €29,607 (+99.4%), from €29,777 to €59,384
of which Non-recurring financial charges: +€43,303
- Taxes -€26,106
down €26,106 (-44.2%), from €59,007 to €32,900
- Depreciation -€10,670
down €10,670 (-28.7%), from €37,217 to €26,547
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 | €623,030 | €561,114 | -€61,916 | -9.9% |
| Fixed assets | 21/28 | €54,653 | €39,027 | -€15,626 | -28.6% |
| Intangible fixed assets | 21 | €7,125 | - | -€7,125 | |
| Tangible fixed assets | 22/27 | €46,320 | €37,820 | -€8,501 | -18.4% |
| Plant, machinery and equipment | 23 | €13,230 | €6,720 | -€6,510 | -49.2% |
| Furniture and vehicles | 24 | €11,007 | €6,835 | -€4,172 | -37.9% |
| Other tangible fixed assets | 26 | €22,083 | €24,266 | +€2,182 | +9.9% |
| Financial fixed assets | 28 | €1,207 | €1,207 | = | 0.0% |
| Current assets | 29/58 | €568,377 | €522,087 | -€46,290 | -8.1% |
| Stocks and contracts in progress | 3 | €35,376 | €35,507 | +€131 | +0.4% |
| Stocks | 30/36 | €35,376 | €35,507 | +€131 | +0.4% |
| Amounts receivable within one year | 40/41 | €197,598 | €195,048 | -€2,550 | -1.3% |
| Trade receivables | 40 | €73,051 | €29,014 | -€44,037 | -60.3% |
| Other amounts receivable | 41 | €124,547 | €166,034 | +€41,487 | +33.3% |
| Current investments | 50/53 | €585 | - | -€585 | |
| Cash at bank and in hand | 54/58 | €331,442 | €287,174 | -€44,268 | -13.4% |
| Deferred charges and accrued income | 490/1 | €3,377 | €4,359 | +€982 | +29.1% |
| Total equity and liabilities | 10/49 | €623,030 | €561,114 | -€61,916 | -9.9% |
| Equity | 10/15 | €326,769 | €345,730 | +€18,962 | +5.8% |
| Contributions | 10/11 | €62,221 | €62,221 | = | 0.0% |
| Capital | 10 | €62,221 | €62,221 | = | 0.0% |
| Issued capital | 100 | €62,221 | €62,221 | = | 0.0% |
| Reserves | 13 | €113,633 | €106,223 | -€7,410 | -6.5% |
| Non-distributable reserves | 130/1 | €6,223 | €6,223 | = | 0.0% |
| Legal reserve | 130 | €6,223 | €6,223 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,410 | - | -€7,410 | |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,915 | €177,286 | +€26,371 | +17.5% |
| Provisions and deferred taxes | 16 | €3,817 | - | -€3,817 | |
| Deferred taxes | 168 | €3,817 | - | -€3,817 | |
| Amounts payable | 17/49 | €292,444 | €215,384 | -€77,060 | -26.4% |
| Amounts payable after more than one year | 17 | €101,670 | €41,188 | -€60,482 | -59.5% |
| Other amounts payable | 178/9 | €101,670 | €41,188 | -€60,482 | -59.5% |
| Amounts payable within one year | 42/48 | €181,700 | €164,745 | -€16,955 | -9.3% |
| Trade debts | 44 | €91,034 | €77,086 | -€13,947 | -15.3% |
| Suppliers | 440/4 | €91,034 | €77,086 | -€13,947 | -15.3% |
| Taxes, remuneration and social security | 45 | €90,666 | €87,658 | -€3,008 | -3.3% |
| Taxes | 450/3 | €68,659 | €65,210 | -€3,449 | -5.0% |
| Remuneration and social security | 454/9 | €22,007 | €22,449 | +€441 | +2.0% |
| Accrued charges and deferred income | 492/3 | €9,074 | €9,451 | +€377 | +4.2% |
| Remuneration, social security and pensions | 62 | €225,498 | €220,628 | -€4,871 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,217 | €26,547 | -€10,670 | -28.7% |
| Other operating charges | 640/8 | €2,512 | €1,134 | -€1,378 | -54.9% |
| Non-recurring operating charges | 66A | - | €600 | +€600 | |
| Gross operating margin | 9900 | €457,973 | €300,379 | -€157,594 | -34.4% |
| Operating profit (loss) | 9901 | €192,745 | €51,470 | -€141,275 | -73.3% |
| Financial income | 75/76B | €121 | €55,899 | +€55,778 | +46239.2% |
| Recurring financial income | 75 | €121 | €12,896 | +€12,775 | +10590.3% |
| Non-recurring financial income | 76B | - | €43,003 | +€43,003 | |
| Financial charges | 65/66B | €29,777 | €59,384 | +€29,607 | +99.4% |
| Recurring financial charges | 65 | €27,878 | €14,182 | -€13,696 | -49.1% |
| Non-recurring financial charges | 66B | €1,899 | €45,202 | +€43,303 | +2280.0% |
| Profit (loss) for the period before taxes | 9903 | €163,089 | €47,985 | -€115,104 | -70.6% |
| Transfer from deferred taxes | 780 | €11,227 | €11,227 | -€0 | 0.0% |
| Income taxes | 67/77 | €59,007 | €32,900 | -€26,106 | -44.2% |
| Profit (loss) for the period | 9904 | €115,309 | €26,311 | -€88,998 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,309 | €26,311 | -€88,998 | -77.2% |
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.