Visual Harvesting: 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.
Visual Harvesting
Largest movements
- Cash +€46,311
up €46,311 (+83.1%), from €55,712 to €102,023
mainly Net result for the year (+€50,895) and Receivables within one year (+€37,111)
- Receivables within one year -€37,111
down €37,111 (-45.9%), from €80,865 to €43,755
of which Trade receivables: -€20,468
- Current investments -€34,728
down €34,728 (-97.3%), from €35,691 to €963
- Intangible fixed assets +€29,564
new in 2025: €29,564
- Tangible fixed assets -€8,457
down €8,457 (-14.6%), from €57,810 to €49,354
of which Land and buildings: -€7,840
- Trade debts +€24,785
up €24,785 (+195.2%), from €12,696 to €37,481
- Reserves -€19,318
down €19,318 (-15.9%), from €121,595 to €102,277
- Debts after one year -€11,448
down €11,448 (-14.0%), from €81,754 to €70,306
- Profit (loss) carried forward +€6,749
up €6,749, from -€6,749 to €0
- Tax, wage and social debts -€4,683
down €4,683 (-34.5%), from €13,563 to €8,880
- Financial charges -€56,500
down €56,500 (-94.9%), from €59,541 to €3,041
of which Non-recurring financial charges: -€30,000
- Other operating charges -€32,375
down €32,375 (-94.0%), from €34,445 to €2,070
- Taxes +€22,524
up €22,524 (+1022.2%), from €2,203 to €24,728
- Gross operating margin -€18,993
down €18,993 (-17.0%), from €111,692 to €92,698
- Depreciation +€3,911
up €3,911 (+42.3%), from €9,241 to €13,153
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 | €234,801 | €231,066 | -€3,735 | -1.6% |
| Fixed assets | 21/28 | €57,810 | €78,918 | +€21,108 | +36.5% |
| Intangible fixed assets | 21 | - | €29,564 | +€29,564 | |
| Tangible fixed assets | 22/27 | €57,810 | €49,354 | -€8,457 | -14.6% |
| Land and buildings | 22 | €54,876 | €47,036 | -€7,840 | -14.3% |
| Plant, machinery and equipment | 23 | €1,500 | €1,519 | +€18 | +1.2% |
| Furniture and vehicles | 24 | €328 | €231 | -€97 | -29.7% |
| Other tangible fixed assets | 26 | €1,106 | €568 | -€537 | -48.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €176,990 | €152,147 | -€24,843 | -14.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €2,020 | €1,240 | -€780 | -38.6% |
| Stocks | 30/36 | €2,020 | €1,240 | -€780 | -38.6% |
| Amounts receivable within one year | 40/41 | €80,865 | €43,755 | -€37,111 | -45.9% |
| Trade receivables | 40 | €61,555 | €41,087 | -€20,468 | -33.3% |
| Other amounts receivable | 41 | €19,310 | €2,667 | -€16,643 | -86.2% |
| Current investments | 50/53 | €35,691 | €963 | -€34,728 | -97.3% |
| Cash at bank and in hand | 54/58 | €55,712 | €102,023 | +€46,311 | +83.1% |
| Deferred charges and accrued income | 490/1 | €2,702 | €4,166 | +€1,464 | +54.2% |
| Total equity and liabilities | 10/49 | €234,801 | €231,066 | -€3,735 | -1.6% |
| Equity | 10/15 | €115,346 | €102,777 | -€12,569 | -10.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €121,595 | €102,277 | -€19,318 | -15.9% |
| Distributable reserves | 133 | €121,595 | €102,277 | -€19,318 | -15.9% |
| Profit (loss) carried forward | 14 | -€6,749 | €0 | +€6,749 | |
| Amounts payable | 17/49 | €119,455 | €128,289 | +€8,834 | +7.4% |
| Amounts payable after more than one year | 17 | €81,754 | €70,306 | -€11,448 | -14.0% |
| Financial debts | 170/4 | €81,754 | €70,306 | -€11,448 | -14.0% |
| Amounts payable within one year | 42/48 | €37,701 | €57,983 | +€20,282 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €11,150 | €11,448 | +€298 | +2.7% |
| Financial debts | 43 | €264 | €81 | -€183 | -69.5% |
| Credit institutions | 430/8 | €264 | €81 | -€183 | -69.5% |
| Trade debts | 44 | €12,696 | €37,481 | +€24,785 | +195.2% |
| Suppliers | 440/4 | €12,696 | €37,481 | +€24,785 | +195.2% |
| Taxes, remuneration and social security | 45 | €13,563 | €8,880 | -€4,683 | -34.5% |
| Taxes | 450/3 | €13,563 | €8,880 | -€4,683 | -34.5% |
| Other amounts payable | 47/48 | €27 | €93 | +€66 | +241.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,241 | €13,153 | +€3,911 | +42.3% |
| Other operating charges | 640/8 | €34,445 | €2,070 | -€32,375 | -94.0% |
| Gross operating margin | 9900 | €111,692 | €92,698 | -€18,993 | -17.0% |
| Operating profit (loss) | 9901 | €68,006 | €77,476 | +€9,470 | +13.9% |
| Financial income | 75/76B | €593 | €1,188 | +€595 | +100.3% |
| Recurring financial income | 75 | €593 | €1,188 | +€595 | +100.3% |
| Financial charges | 65/66B | €59,541 | €3,041 | -€56,500 | -94.9% |
| Recurring financial charges | 65 | €29,541 | €3,041 | -€26,500 | -89.7% |
| Non-recurring financial charges | 66B | €30,000 | €0 | -€30,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €9,057 | €75,623 | +€66,566 | +734.9% |
| Income taxes | 67/77 | €2,203 | €24,728 | +€22,524 | +1022.2% |
| Profit (loss) for the period | 9904 | €6,854 | €50,895 | +€44,041 | +642.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,854 | €50,895 | +€44,041 | +642.6% |
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 10 October 2026 via checked.be.