VISUAL SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables after one year +€410,000
up €410,000 (+289%), from €142,000 to €552,000
- Current investments -€331,537
down €331,537 (-73.0%), from €454,034 to €122,497
- Tangible fixed assets -€118,226
down €118,226 (-22.5%), from €524,919 to €406,692
of which Land and buildings: -€121,714
- Cash +€70,811
up €70,811 (+34.1%), from €207,541 to €278,352
mainly Current investments (+€331,537) and Net result for the year (+€224,105)
- Reserves +€109,261
up €109,261 (+11.1%), from €987,038 to €1.1m
- Short-term financial debts +€50,000
new in 2025: €50,000
- Debts after one year -€36,530
down €36,530 (-16.4%), from €223,126 to €186,596
- Tax, wage and social debts -€21,594
down €21,594 (-94.3%), from €22,894 to €1,300
- Other debts -€21,565
down €21,565 (-63.2%), from €34,111 to €12,545
- Gross operating margin +€145,200
up €145,200 (+76.2%), from €190,434 to €335,634
- Taxes +€56,118
up €56,118 (+132%), from €42,561 to €98,679
- Depreciation -€14,844
down €14,844 (-38.7%), from €38,340 to €23,496
- Financial income +€11,154
up €11,154 (+106%), from €10,569 to €21,723
- Other operating charges -€5,416
down €5,416 (-60.2%), from €9,003 to €3,587
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.
Derived cash bridge
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 | €1,425,694 | €1,470,272 | +€44,578 | +3.1% |
| Fixed assets | 21/28 | €524,919 | €406,692 | -€118,226 | -22.5% |
| Tangible fixed assets | 22/27 | €524,919 | €406,692 | -€118,226 | -22.5% |
| Land and buildings | 22 | €504,860 | €383,146 | -€121,714 | -24.1% |
| Plant, machinery and equipment | 23 | €2,991 | €3,222 | +€231 | +7.7% |
| Furniture and vehicles | 24 | €17,068 | €20,325 | +€3,257 | +19.1% |
| Current assets | 29/58 | €900,775 | €1,063,580 | +€162,804 | +18.1% |
| Amounts receivable after more than one year | 29 | €142,000 | €552,000 | +€410,000 | +289% |
| Other amounts receivable | 291 | €142,000 | €552,000 | +€410,000 | +289% |
| Amounts receivable within one year | 40/41 | €93,117 | €107,529 | +€14,412 | +15.5% |
| Trade receivables | 40 | €76,585 | €75,738 | -€847 | -1.1% |
| Other amounts receivable | 41 | €16,531 | €31,790 | +€15,259 | +92.3% |
| Current investments | 50/53 | €454,034 | €122,497 | -€331,537 | -73.0% |
| Cash at bank and in hand | 54/58 | €207,541 | €278,352 | +€70,811 | +34.1% |
| Deferred charges and accrued income | 490/1 | €4,084 | €3,202 | -€882 | -21.6% |
| Total equity and liabilities | 10/49 | €1,425,694 | €1,470,272 | +€44,578 | +3.1% |
| Equity | 10/15 | €1,005,638 | €1,114,899 | +€109,261 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €987,038 | €1,096,299 | +€109,261 | +11.1% |
| Distributable reserves | 133 | €987,038 | €1,096,299 | +€109,261 | +11.1% |
| Amounts payable | 17/49 | €420,056 | €355,373 | -€64,683 | -15.4% |
| Amounts payable after more than one year | 17 | €223,126 | €186,596 | -€36,530 | -16.4% |
| Financial debts | 170/4 | €223,126 | €186,596 | -€36,530 | -16.4% |
| Amounts payable within one year | 42/48 | €196,930 | €167,019 | -€29,911 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €57,816 | €36,530 | -€21,286 | -36.8% |
| Financial debts | 43 | - | €50,000 | +€50,000 | |
| Credit institutions | 430/8 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €82,110 | €66,644 | -€15,466 | -18.8% |
| Suppliers | 440/4 | €82,110 | €66,644 | -€15,466 | -18.8% |
| Taxes, remuneration and social security | 45 | €22,894 | €1,300 | -€21,594 | -94.3% |
| Taxes | 450/3 | €22,894 | €1,300 | -€21,594 | -94.3% |
| Other amounts payable | 47/48 | €34,111 | €12,545 | -€21,565 | -63.2% |
| Accrued charges and deferred income | 492/3 | - | €1,758 | +€1,758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,340 | €23,496 | -€14,844 | -38.7% |
| Other operating charges | 640/8 | €9,003 | €3,587 | -€5,416 | -60.2% |
| Gross operating margin | 9900 | €190,434 | €335,634 | +€145,200 | +76.2% |
| Operating profit (loss) | 9901 | €143,092 | €308,552 | +€165,460 | +116% |
| Financial income | 75/76B | €10,569 | €21,723 | +€11,154 | +106% |
| Recurring financial income | 75 | €10,569 | €21,723 | +€11,154 | +106% |
| Financial charges | 65/66B | €8,449 | €7,491 | -€958 | -11.3% |
| Recurring financial charges | 65 | €8,449 | €7,491 | -€958 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €145,212 | €322,784 | +€177,572 | +122% |
| Income taxes | 67/77 | €42,561 | €98,679 | +€56,118 | +132% |
| Profit (loss) for the period | 9904 | €102,651 | €224,105 | +€121,454 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €102,651 | €224,105 | +€121,454 | +118% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.