VISUAL IDENTITY PROJECTS: 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 IDENTITY PROJECTS
Largest movements
- Tangible fixed assets +€3,496
up €3,496 (+391.6%), from €893 to €4,389
of which Furniture and vehicles: +€3,794
- Receivables within one year +€1,855
up €1,855 (+94.0%), from €1,973 to €3,828
of which Trade receivables: +€2,355
- Cash -€1,132
down €1,132 (-44.8%), from €2,529 to €1,396
mainly Net result for the year (-€4,942) and Investment in fixed assets (net) (-€4,780)
- Deferred charges and accrued income -€214
down €214 (-33.6%), from €637 to €423
- Other debts +€8,762
up €8,762 (+52.6%), from €16,670 to €25,432
- Profit (loss) carried forward -€4,942
down €4,942 (-15.1%), from -€32,815 to -€37,757
- Tax, wage and social debts +€198
up €198 (+22.1%), from €895 to €1,092
- Gross operating margin +€4,917
up €4,917 (+62.9%), from -€7,819 to -€2,902
- Depreciation +€987
up €987 (+331.6%), from €298 to €1,284
- Financial charges -€145
down €145 (-57.7%), from €250 to €106
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 | €6,032 | €10,036 | +€4,005 | +66.4% |
| Fixed assets | 21/28 | €893 | €4,389 | +€3,496 | +391.6% |
| Tangible fixed assets | 22/27 | €893 | €4,389 | +€3,496 | +391.6% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €893 | €595 | -€298 | -33.3% |
| Furniture and vehicles | 24 | €0 | €3,794 | +€3,794 | |
| Current assets | 29/58 | €5,139 | €5,648 | +€509 | +9.9% |
| Amounts receivable within one year | 40/41 | €1,973 | €3,828 | +€1,855 | +94.0% |
| Trade receivables | 40 | €1,257 | €3,612 | +€2,355 | +187.3% |
| Other amounts receivable | 41 | €716 | €216 | -€500 | -69.9% |
| Cash at bank and in hand | 54/58 | €2,529 | €1,396 | -€1,132 | -44.8% |
| Deferred charges and accrued income | 490/1 | €637 | €423 | -€214 | -33.6% |
| Total equity and liabilities | 10/49 | €6,032 | €10,036 | +€4,005 | +66.4% |
| Equity | 10/15 | -€12,363 | -€17,305 | -€4,942 | -40.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,815 | -€37,757 | -€4,942 | -15.1% |
| Amounts payable | 17/49 | €18,395 | €27,341 | +€8,947 | +48.6% |
| Amounts payable within one year | 42/48 | €18,395 | €27,341 | +€8,947 | +48.6% |
| Trade debts | 44 | €830 | €817 | -€13 | -1.6% |
| Suppliers | 440/4 | €830 | €817 | -€13 | -1.6% |
| Taxes, remuneration and social security | 45 | €895 | €1,092 | +€198 | +22.1% |
| Taxes | 450/3 | €895 | €1,092 | +€198 | +22.1% |
| Other amounts payable | 47/48 | €16,670 | €25,432 | +€8,762 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298 | €1,284 | +€987 | +331.6% |
| Other operating charges | 640/8 | €378 | €390 | +€12 | +3.1% |
| Gross operating margin | 9900 | -€7,819 | -€2,902 | +€4,917 | +62.9% |
| Operating profit (loss) | 9901 | -€8,495 | -€4,576 | +€3,919 | +46.1% |
| Financial charges | 65/66B | €250 | €106 | -€145 | -57.7% |
| Recurring financial charges | 65 | €250 | €106 | -€145 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,745 | -€4,682 | +€4,063 | +46.5% |
| Income taxes | 67/77 | €225 | €260 | +€35 | +15.5% |
| Profit (loss) for the period | 9904 | -€8,970 | -€4,942 | +€4,028 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,970 | -€4,942 | +€4,028 | +44.9% |
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 28 September 2026 via checked.be.