VISUALANTICS PRODUCTIONS: 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.
VISUALANTICS PRODUCTIONS
Largest movements
- Intangible fixed assets +€214,422
up €214,422 (+38.4%), from €558,263 to €772,685
- Cash +€54,326
up €54,326 (+72.2%), from €75,218 to €129,545
mainly Depreciation (+€292,610) and Debts after one year (+€184,477)
- Tangible fixed assets -€15,877
down €15,877 (-9.5%), from €167,775 to €151,898
of which Land and buildings: -€15,376
- Debts after one year +€184,477
up €184,477 (+30.1%), from €612,547 to €797,024
of which Financial debts: +€92,828
- Investment grants +€55,619
up €55,619 (+42.9%), from €129,621 to €185,239
- Trade debts +€18,632
up €18,632 (+653.4%), from €2,852 to €21,484
- Provisions +€18,540
up €18,540 (+42.9%), from €43,207 to €61,746
- Profit (loss) carried forward -€15,032
down €15,032 (-57.2%), from -€26,289 to -€41,320
- Depreciation +€64,754
up €64,754 (+28.4%), from €227,856 to €292,610
- Gross operating margin +€50,857
up €50,857 (+29.1%), from €174,652 to €225,510
- Financial income +€18,070
up €18,070 (+48.4%), from €37,350 to €55,420
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 | €819,381 | €1,081,884 | +€262,503 | +32.0% |
| Fixed assets | 21/28 | €726,038 | €924,733 | +€198,695 | +27.4% |
| Intangible fixed assets | 21 | €558,263 | €772,685 | +€214,422 | +38.4% |
| Tangible fixed assets | 22/27 | €167,775 | €151,898 | -€15,877 | -9.5% |
| Land and buildings | 22 | €166,624 | €151,248 | -€15,376 | -9.2% |
| Plant, machinery and equipment | 23 | €1,151 | €650 | -€501 | -43.5% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €93,343 | €157,151 | +€63,808 | +68.4% |
| Amounts receivable within one year | 40/41 | €18,125 | €27,606 | +€9,481 | +52.3% |
| Trade receivables | 40 | €11,515 | €2,723 | -€8,793 | -76.4% |
| Other amounts receivable | 41 | €6,610 | €24,884 | +€18,274 | +276.5% |
| Cash at bank and in hand | 54/58 | €75,218 | €129,545 | +€54,326 | +72.2% |
| Total equity and liabilities | 10/49 | €819,381 | €1,081,884 | +€262,503 | +32.0% |
| Equity | 10/15 | €147,262 | €187,849 | +€40,587 | +27.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,530 | €31,530 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,670 | €29,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,289 | -€41,320 | -€15,032 | -57.2% |
| Investment grants | 15 | €129,621 | €185,239 | +€55,619 | +42.9% |
| Provisions and deferred taxes | 16 | €43,207 | €61,746 | +€18,540 | +42.9% |
| Deferred taxes | 168 | €43,207 | €61,746 | +€18,540 | +42.9% |
| Amounts payable | 17/49 | €628,912 | €832,288 | +€203,376 | +32.3% |
| Amounts payable after more than one year | 17 | €612,547 | €797,024 | +€184,477 | +30.1% |
| Financial debts | 170/4 | €202,144 | €294,972 | +€92,828 | +45.9% |
| Other amounts payable | 178/9 | €410,403 | €502,053 | +€91,649 | +22.3% |
| Amounts payable within one year | 42/48 | €16,365 | €35,264 | +€18,899 | +115.5% |
| Current portion of amounts payable after more than one year | 42 | €12,227 | €12,542 | +€315 | +2.6% |
| Trade debts | 44 | €2,852 | €21,484 | +€18,632 | +653.4% |
| Suppliers | 440/4 | €2,852 | €21,484 | +€18,632 | +653.4% |
| Other amounts payable | 47/48 | €1,287 | €1,238 | -€48 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €227,856 | €292,610 | +€64,754 | +28.4% |
| Other operating charges | 640/8 | €2,180 | €1,636 | -€544 | -24.9% |
| Gross operating margin | 9900 | €174,652 | €225,510 | +€50,857 | +29.1% |
| Operating profit (loss) | 9901 | -€55,383 | -€68,737 | -€13,353 | -24.1% |
| Financial income | 75/76B | €37,350 | €55,420 | +€18,070 | +48.4% |
| Recurring financial income | 75 | €37,350 | €55,420 | +€18,070 | +48.4% |
| Financial charges | 65/66B | €20,624 | €20,175 | -€449 | -2.2% |
| Recurring financial charges | 65 | €20,624 | €20,175 | -€449 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,657 | -€33,492 | +€5,165 | +13.4% |
| Transfer from deferred taxes | 780 | €12,445 | €18,461 | +€6,016 | +48.3% |
| Profit (loss) for the period | 9904 | -€26,213 | -€15,032 | +€11,181 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,213 | -€15,032 | +€11,181 | +42.7% |
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 7 October 2026 via checked.be.