Vistuon: 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.
Vistuon
Largest movements
- Cash +€15,046
up €15,046 (+283%), from €5,323 to €20,369
mainly Other debts (+€10,477) and Net result for the year (+€6,646)
- Receivables within one year -€5,471
down €5,471 (-29.1%), from €18,796 to €13,325
of which Trade receivables: -€13,468
- Formation expenses -€1,331
no longer reported in 2025 (was €1,331)
- Other debts +€10,477
new in 2025: €10,477
- Profit (loss) carried forward +€6,646
up €6,646 (+71.6%), from €9,277 to €15,923
- Trade debts -€4,695
down €4,695 (-78.4%), from €5,989 to €1,295
- Tax, wage and social debts -€3,999
down €3,999 (-60.2%), from €6,641 to €2,642
- Depreciation +€1,439
up €1,439 (+183%), from €787 to €2,226
- Gross operating margin -€1,056
down €1,056 (-8.3%), from €12,712 to €11,656
- Financial charges +€439
up €439 (+7,580%), from €6 to €445
- Taxes -€302
down €302 (-11.4%), from €2,642 to €2,340
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.
Derived cash bridge
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 | €26,907 | €35,336 | +€8,429 | +31.3% |
| Formation expenses | 20 | €1,331 | - | -€1,331 | |
| Fixed assets | 21/28 | €1,457 | €1,642 | +€186 | +12.7% |
| Tangible fixed assets | 22/27 | €1,457 | €1,642 | +€186 | +12.7% |
| Furniture and vehicles | 24 | €1,457 | €1,642 | +€186 | +12.7% |
| Current assets | 29/58 | €24,119 | €33,694 | +€9,575 | +39.7% |
| Amounts receivable within one year | 40/41 | €18,796 | €13,325 | -€5,471 | -29.1% |
| Trade receivables | 40 | €18,796 | €5,328 | -€13,468 | -71.7% |
| Other amounts receivable | 41 | - | €7,997 | +€7,997 | |
| Cash at bank and in hand | 54/58 | €5,323 | €20,369 | +€15,046 | +283% |
| Total equity and liabilities | 10/49 | €26,907 | €35,336 | +€8,429 | +31.3% |
| Equity | 10/15 | €14,277 | €20,923 | +€6,646 | +46.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,277 | €15,923 | +€6,646 | +71.6% |
| Amounts payable | 17/49 | €12,630 | €14,413 | +€1,783 | +14.1% |
| Amounts payable within one year | 42/48 | €12,630 | €14,413 | +€1,783 | +14.1% |
| Trade debts | 44 | €5,989 | €1,295 | -€4,695 | -78.4% |
| Suppliers | 440/4 | €5,989 | €1,295 | -€4,695 | -78.4% |
| Taxes, remuneration and social security | 45 | €6,641 | €2,642 | -€3,999 | -60.2% |
| Taxes | 450/3 | €6,641 | €2,642 | -€3,999 | -60.2% |
| Other amounts payable | 47/48 | - | €10,477 | +€10,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €787 | €2,226 | +€1,439 | +183% |
| Gross operating margin | 9900 | €12,712 | €11,656 | -€1,056 | -8.3% |
| Operating profit (loss) | 9901 | €11,925 | €9,430 | -€2,495 | -20.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6 | €445 | +€439 | +7,580% |
| Recurring financial charges | 65 | €6 | €445 | +€439 | +7,580% |
| Profit (loss) for the period before taxes | 9903 | €11,919 | €8,986 | -€2,933 | -24.6% |
| Income taxes | 67/77 | €2,642 | €2,340 | -€302 | -11.4% |
| Profit (loss) for the period | 9904 | €9,277 | €6,646 | -€2,631 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,277 | €6,646 | -€2,631 | -28.4% |
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 20 October 2026 via checked.be.