VISUAL COMMUNICATION SOLUTIONS: 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 COMMUNICATION SOLUTIONS
Largest movements
- Tangible fixed assets +€7,910
up €7,910 (+51.8%), from €15,282 to €23,192
of which Other tangible fixed assets: +€5,097
- Receivables within one year -€7,651
down €7,651 (-15.9%), from €48,129 to €40,479
of which Trade receivables: -€7,773
- Cash +€2,984
up €2,984 (+3.1%), from €97,523 to €100,507
mainly Net result for the year (+€12,581) and Receivables within one year (+€7,651)
- Current investments +€2,200
new in 2025: €2,200
- Reserves +€12,581
up €12,581 (+13.4%), from €93,865 to €106,447
- Tax, wage and social debts -€7,780
down €7,780 (-41.2%), from €18,865 to €11,085
of which Taxes: -€10,187
- Other debts +€2,347
up €2,347 (+55.9%), from €4,201 to €6,549
- Trade debts -€1,893
down €1,893 (-7.2%), from €26,346 to €24,453
- Financial charges -€7,475
down €7,475 (-67.4%), from €11,091 to €3,616
- Gross operating margin -€4,097
down €4,097 (-13.1%), from €31,165 to €27,069
- Staff costs -€2,194
down €2,194 (-50.6%), from €4,340 to €2,146
- Taxes +€1,638
up €1,638 (+35.5%), from €4,614 to €6,251
- Depreciation +€575
up €575 (+82.3%), from €699 to €1,274
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 | €161,870 | €167,125 | +€5,255 | +3.2% |
| Fixed assets | 21/28 | €15,282 | €23,192 | +€7,910 | +51.8% |
| Tangible fixed assets | 22/27 | €15,282 | €23,192 | +€7,910 | +51.8% |
| Furniture and vehicles | 24 | €2,405 | €5,218 | +€2,813 | +116.9% |
| Other tangible fixed assets | 26 | €12,877 | €17,974 | +€5,097 | +39.6% |
| Current assets | 29/58 | €146,588 | €143,933 | -€2,655 | -1.8% |
| Amounts receivable within one year | 40/41 | €48,129 | €40,479 | -€7,651 | -15.9% |
| Trade receivables | 40 | €47,657 | €39,885 | -€7,773 | -16.3% |
| Other amounts receivable | 41 | €472 | €594 | +€122 | +25.8% |
| Current investments | 50/53 | - | €2,200 | +€2,200 | |
| Cash at bank and in hand | 54/58 | €97,523 | €100,507 | +€2,984 | +3.1% |
| Deferred charges and accrued income | 490/1 | €936 | €747 | -€188 | -20.1% |
| Total equity and liabilities | 10/49 | €161,870 | €167,125 | +€5,255 | +3.2% |
| Equity | 10/15 | €112,457 | €125,039 | +€12,581 | +11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €93,865 | €106,447 | +€12,581 | +13.4% |
| Distributable reserves | 133 | €93,865 | €106,447 | +€12,581 | +13.4% |
| Amounts payable | 17/49 | €49,412 | €42,086 | -€7,326 | -14.8% |
| Amounts payable within one year | 42/48 | €49,412 | €42,086 | -€7,326 | -14.8% |
| Trade debts | 44 | €26,346 | €24,453 | -€1,893 | -7.2% |
| Suppliers | 440/4 | €26,346 | €24,453 | -€1,893 | -7.2% |
| Taxes, remuneration and social security | 45 | €18,865 | €11,085 | -€7,780 | -41.2% |
| Taxes | 450/3 | €18,865 | €8,678 | -€10,187 | -54.0% |
| Remuneration and social security | 454/9 | - | €2,407 | +€2,407 | |
| Other amounts payable | 47/48 | €4,201 | €6,549 | +€2,347 | +55.9% |
| Remuneration, social security and pensions | 62 | €4,340 | €2,146 | -€2,194 | -50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €699 | €1,274 | +€575 | +82.3% |
| Other operating charges | 640/8 | €1,392 | €1,228 | -€165 | -11.8% |
| Gross operating margin | 9900 | €31,165 | €27,069 | -€4,097 | -13.1% |
| Operating profit (loss) | 9901 | €24,734 | €22,421 | -€2,313 | -9.4% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €11,091 | €3,616 | -€7,475 | -67.4% |
| Recurring financial charges | 65 | €11,091 | €3,616 | -€7,475 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €13,643 | €18,833 | +€5,189 | +38.0% |
| Income taxes | 67/77 | €4,614 | €6,251 | +€1,638 | +35.5% |
| Profit (loss) for the period | 9904 | €9,030 | €12,581 | +€3,551 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,030 | €12,581 | +€3,551 | +39.3% |
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 6 October 2026 via checked.be.