Visualcube: 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.
Visualcube
Largest movements
- Deferred charges and accrued income -€4,766
down €4,766 (-22.8%), from €20,933 to €16,167
- Cash +€3,895
up €3,895 (+257.3%), from €1,514 to €5,409
mainly Depreciation (+€4,808) and Deferred charges and accrued income (+€4,766)
- Stocks and contracts +€3,813
up €3,813 (+1251.2%), from €305 to €4,118
of which Contracts in progress: +€3,740
- Tangible fixed assets -€1,648
down €1,648 (-12.9%), from €12,791 to €11,144
of which Plant, machinery and equipment: -€2,060
- Receivables within one year +€1,121
up €1,121 (+5.6%), from €20,012 to €21,134
of which Other amounts receivable: +€1,000
- Reserves +€3,201
up €3,201 (+12.1%), from €26,503 to €29,704
- Other debts -€822
down €822 (-20.6%), from €3,989 to €3,168
- Gross operating margin -€17,863
down €17,863 (-53.7%), from €33,250 to €15,388
- Taxes -€5,679
down €5,679 (-69.6%), from €8,157 to €2,477
- Financial charges +€3,797
up €3,797 (+659.0%), from €576 to €4,374
- Depreciation +€1,665
up €1,665 (+53.0%), from €3,144 to €4,808
- Other operating charges -€415
down €415 (-44.0%), from €943 to €528
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 | €55,555 | €57,971 | +€2,417 | +4.3% |
| Fixed assets | 21/28 | €12,791 | €11,144 | -€1,648 | -12.9% |
| Tangible fixed assets | 22/27 | €12,791 | €11,144 | -€1,648 | -12.9% |
| Plant, machinery and equipment | 23 | €8,504 | €6,444 | -€2,060 | -24.2% |
| Furniture and vehicles | 24 | €4,287 | €4,700 | +€413 | +9.6% |
| Current assets | 29/58 | €42,763 | €46,828 | +€4,064 | +9.5% |
| Stocks and contracts in progress | 3 | €305 | €4,118 | +€3,813 | +1251.2% |
| Stocks | 30/36 | €305 | €378 | +€73 | +24.1% |
| Contracts in progress | 37 | - | €3,740 | +€3,740 | |
| Amounts receivable within one year | 40/41 | €20,012 | €21,134 | +€1,121 | +5.6% |
| Trade receivables | 40 | €18,012 | €18,134 | +€121 | +0.7% |
| Other amounts receivable | 41 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €1,514 | €5,409 | +€3,895 | +257.3% |
| Deferred charges and accrued income | 490/1 | €20,933 | €16,167 | -€4,766 | -22.8% |
| Total equity and liabilities | 10/49 | €55,555 | €57,971 | +€2,417 | +4.3% |
| Equity | 10/15 | €31,503 | €34,704 | +€3,201 | +10.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,503 | €29,704 | +€3,201 | +12.1% |
| Distributable reserves | 133 | €26,503 | €29,704 | +€3,201 | +12.1% |
| Amounts payable | 17/49 | €24,052 | €23,268 | -€784 | -3.3% |
| Amounts payable within one year | 42/48 | €23,710 | €22,842 | -€867 | -3.7% |
| Trade debts | 44 | €290 | €755 | +€465 | +160.1% |
| Suppliers | 440/4 | €290 | €755 | +€465 | +160.1% |
| Taxes, remuneration and social security | 45 | €19,430 | €18,920 | -€510 | -2.6% |
| Taxes | 450/3 | €19,430 | €18,920 | -€510 | -2.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,989 | €3,168 | -€822 | -20.6% |
| Accrued charges and deferred income | 492/3 | €342 | €425 | +€83 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,144 | €4,808 | +€1,665 | +53.0% |
| Other operating charges | 640/8 | €943 | €528 | -€415 | -44.0% |
| Gross operating margin | 9900 | €33,250 | €15,388 | -€17,863 | -53.7% |
| Operating profit (loss) | 9901 | €29,164 | €10,051 | -€19,112 | -65.5% |
| Financial income | 75/76B | €22 | €0 | -€22 | -100.0% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100.0% |
| Financial charges | 65/66B | €576 | €4,374 | +€3,797 | +659.0% |
| Recurring financial charges | 65 | €576 | €4,374 | +€3,797 | +659.0% |
| Profit (loss) for the period before taxes | 9903 | €28,610 | €5,678 | -€22,932 | -80.2% |
| Income taxes | 67/77 | €8,157 | €2,477 | -€5,679 | -69.6% |
| Profit (loss) for the period | 9904 | €20,453 | €3,201 | -€17,253 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,453 | €3,201 | -€17,253 | -84.4% |
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 29 September 2026 via checked.be.