Visual Arx: 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.
Visual Arx
Largest movements
- Cash +€5,565
up €5,565 (+469.9%), from €1,184 to €6,749
mainly Net result for the year (+€13,825) and Depreciation (+€5,820)
- Tangible fixed assets +€4,464
up €4,464 (+55.8%), from €8,006 to €12,470
of which Plant, machinery and equipment: +€6,114
- Receivables within one year -€3,309
down €3,309 (-6.2%), from €53,812 to €50,502
of which Trade receivables: -€20,113
- Reserves +€13,825
up €13,825 (+31.5%), from €43,937 to €57,762
- Tax, wage and social debts -€8,336
down €8,336 (-47.4%), from €17,595 to €9,259
of which Taxes: -€5,733
- Trade debts +€1,363
up €1,363 (+141.6%), from €963 to €2,326
- Gross operating margin -€9,095
down €9,095 (-27.0%), from €33,650 to €24,555
- Taxes -€2,787
down €2,787 (-41.9%), from €6,646 to €3,859
- Depreciation +€936
up €936 (+19.2%), from €4,884 to €5,820
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 | €64,995 | €71,847 | +€6,852 | +10.5% |
| Fixed assets | 21/28 | €8,006 | €12,470 | +€4,464 | +55.8% |
| Tangible fixed assets | 22/27 | €8,006 | €12,470 | +€4,464 | +55.8% |
| Plant, machinery and equipment | 23 | €4,204 | €10,318 | +€6,114 | +145.4% |
| Furniture and vehicles | 24 | €3,802 | €2,152 | -€1,651 | -43.4% |
| Current assets | 29/58 | €56,989 | €59,377 | +€2,388 | +4.2% |
| Amounts receivable within one year | 40/41 | €53,812 | €50,502 | -€3,309 | -6.2% |
| Trade receivables | 40 | €39,105 | €18,993 | -€20,113 | -51.4% |
| Other amounts receivable | 41 | €14,707 | €31,510 | +€16,803 | +114.3% |
| Cash at bank and in hand | 54/58 | €1,184 | €6,749 | +€5,565 | +469.9% |
| Deferred charges and accrued income | 490/1 | €1,993 | €2,126 | +€133 | +6.7% |
| Total equity and liabilities | 10/49 | €64,995 | €71,847 | +€6,852 | +10.5% |
| Equity | 10/15 | €46,437 | €60,262 | +€13,825 | +29.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €43,937 | €57,762 | +€13,825 | +31.5% |
| Distributable reserves | 133 | €43,937 | €57,762 | +€13,825 | +31.5% |
| Amounts payable | 17/49 | €18,558 | €11,585 | -€6,973 | -37.6% |
| Amounts payable within one year | 42/48 | €18,558 | €11,585 | -€6,973 | -37.6% |
| Trade debts | 44 | €963 | €2,326 | +€1,363 | +141.6% |
| Suppliers | 440/4 | €963 | €2,326 | +€1,363 | +141.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,595 | €9,259 | -€8,336 | -47.4% |
| Taxes | 450/3 | €14,992 | €9,259 | -€5,733 | -38.2% |
| Remuneration and social security | 454/9 | €2,603 | €0 | -€2,603 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,884 | €5,820 | +€936 | +19.2% |
| Other operating charges | 640/8 | €1,005 | €795 | -€210 | -20.9% |
| Gross operating margin | 9900 | €33,650 | €24,555 | -€9,095 | -27.0% |
| Operating profit (loss) | 9901 | €27,761 | €17,939 | -€9,822 | -35.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €237 | €255 | +€19 | +7.9% |
| Recurring financial charges | 65 | €237 | €255 | +€19 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €27,525 | €17,684 | -€9,841 | -35.8% |
| Income taxes | 67/77 | €6,646 | €3,859 | -€2,787 | -41.9% |
| Profit (loss) for the period | 9904 | €20,879 | €13,825 | -€7,054 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,879 | €13,825 | -€7,054 | -33.8% |
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 8 October 2026 via checked.be.