VISUAL IMPACT.BE: 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 IMPACT.BE
Largest movements
- Receivables within one year -€157,866
down €157,866 (-48.7%), from €324,384 to €166,518
of which Trade receivables: -€181,618
- Tangible fixed assets -€101,384
down €101,384 (-6.2%), from €1.6m to €1.5m
of which Land and buildings: -€99,669
- Trade debts -€114,241
down €114,241 (-76.4%), from €149,488 to €35,247
- Debts after one year -€95,240
down €95,240 (-34.0%), from €280,191 to €184,951
- Profit (loss) carried forward -€77,282
down €77,282 (-86.7%), from -€89,106 to -€166,388
- Other debts +€20,788
up €20,788 (+20.7%), from €100,334 to €121,122
- Gross operating margin -€24,595
down €24,595 (-20.9%), from €117,765 to €93,170
- Other operating charges +€19,098
up €19,098 (+92.7%), from €20,595 to €39,693
- Financial charges -€7,865
down €7,865 (-27.2%), from €28,881 to €21,015
- Taxes -€2,413
down €2,413 (-22.0%), from €10,950 to €8,538
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 | €2,001,389 | €1,739,670 | -€261,720 | -13.1% |
| Fixed assets | 21/28 | €1,649,895 | €1,548,511 | -€101,384 | -6.1% |
| Tangible fixed assets | 22/27 | €1,648,409 | €1,547,025 | -€101,384 | -6.2% |
| Land and buildings | 22 | €1,637,429 | €1,537,760 | -€99,669 | -6.1% |
| Plant, machinery and equipment | 23 | €10,396 | €9,265 | -€1,131 | -10.9% |
| Furniture and vehicles | 24 | €584 | €0 | -€584 | -100.0% |
| Financial fixed assets | 28 | €1,486 | €1,486 | = | 0.0% |
| Current assets | 29/58 | €351,494 | €191,159 | -€160,335 | -45.6% |
| Amounts receivable within one year | 40/41 | €324,384 | €166,518 | -€157,866 | -48.7% |
| Trade receivables | 40 | €211,818 | €30,200 | -€181,618 | -85.7% |
| Other amounts receivable | 41 | €112,566 | €136,318 | +€23,752 | +21.1% |
| Cash at bank and in hand | 54/58 | €16,142 | €13,673 | -€2,470 | -15.3% |
| Deferred charges and accrued income | 490/1 | €10,968 | €10,968 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,001,389 | €1,739,670 | -€261,720 | -13.1% |
| Equity | 10/15 | €1,354,326 | €1,277,045 | -€77,282 | -5.7% |
| Contributions | 10/11 | €93,600 | €93,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,303,624 | €1,303,624 | = | 0.0% |
| Reserves | 13 | €46,209 | €46,209 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,360 | €9,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,360 | €9,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,600 | €9,600 | = | 0.0% |
| Distributable reserves | 133 | €27,249 | €27,249 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,106 | -€166,388 | -€77,282 | -86.7% |
| Amounts payable | 17/49 | €647,063 | €462,625 | -€184,438 | -28.5% |
| Amounts payable after more than one year | 17 | €280,191 | €184,951 | -€95,240 | -34.0% |
| Financial debts | 170/4 | €280,191 | €184,951 | -€95,240 | -34.0% |
| Amounts payable within one year | 42/48 | €360,388 | €270,158 | -€90,230 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €90,268 | €95,013 | +€4,745 | +5.3% |
| Financial debts | 43 | €8,672 | €119 | -€8,553 | -98.6% |
| Credit institutions | 430/8 | €8,672 | €119 | -€8,553 | -98.6% |
| Trade debts | 44 | €149,488 | €35,247 | -€114,241 | -76.4% |
| Suppliers | 440/4 | €149,488 | €35,247 | -€114,241 | -76.4% |
| Taxes, remuneration and social security | 45 | €11,626 | €18,657 | +€7,031 | +60.5% |
| Taxes | 450/3 | €11,626 | €18,657 | +€7,031 | +60.5% |
| Other amounts payable | 47/48 | €100,334 | €121,122 | +€20,788 | +20.7% |
| Accrued charges and deferred income | 492/3 | €6,484 | €7,515 | +€1,031 | +15.9% |
| Remuneration, social security and pensions | 62 | €1,153 | €0 | -€1,153 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,230 | €101,384 | -€846 | -0.8% |
| Other operating charges | 640/8 | €20,595 | €39,693 | +€19,098 | +92.7% |
| Gross operating margin | 9900 | €117,765 | €93,170 | -€24,595 | -20.9% |
| Operating profit (loss) | 9901 | -€6,213 | -€47,907 | -€41,694 | -671.1% |
| Financial income | 75/76B | - | €178 | +€178 | |
| Recurring financial income | 75 | - | €178 | +€178 | |
| Financial charges | 65/66B | €28,881 | €21,015 | -€7,865 | -27.2% |
| Recurring financial charges | 65 | €28,881 | €21,015 | -€7,865 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,094 | -€68,744 | -€33,650 | -95.9% |
| Income taxes | 67/77 | €10,950 | €8,538 | -€2,413 | -22.0% |
| Profit (loss) for the period | 9904 | -€46,044 | -€77,282 | -€31,238 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,044 | -€77,282 | -€31,238 | -67.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.