Visualip Security: 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.
Visualip Security
Largest movements
- Receivables within one year -€11,014
down €11,014 (-85.4%), from €12,898 to €1,884
of which Trade receivables: -€7,501
- Cash -€1,877
down €1,877 (-23.7%), from €7,907 to €6,030
mainly Other debts (-€9,750) and Tax, wage and social debts (-€7,322)
- Tangible fixed assets -€787
no longer reported in 2025 (was €787)
of which Furniture and vehicles: -€606
- Deferred charges and accrued income -€568
down €568 (-83.2%), from €683 to €115
- Other debts -€9,750
down €9,750 (-97.1%), from €10,039 to €289
- Tax, wage and social debts -€7,322
down €7,322 (-63.8%), from €11,480 to €4,158
- Profit (loss) carried forward +€3,191
new in 2025: €3,191
- Trade debts -€366
down €366 (-65.7%), from €557 to €191
- Gross operating margin -€11,155
down €11,155 (-60.2%), from €18,544 to €7,389
- Taxes -€2,373
down €2,373 (-67.8%), from €3,500 to €1,127
- Financial charges -€773
down €773 (-89.9%), from €860 to €87
- Depreciation -€537
down €537 (-45.7%), from €1,175 to €638
- Other operating charges -€500
down €500 (-17.5%), from €2,861 to €2,361
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 | €22,276 | €8,029 | -€14,248 | -64.0% |
| Fixed assets | 21/28 | €788 | - | -€788 | |
| Intangible fixed assets | 21 | €1 | - | -€1 | |
| Tangible fixed assets | 22/27 | €787 | - | -€787 | |
| Plant, machinery and equipment | 23 | €182 | - | -€182 | |
| Furniture and vehicles | 24 | €606 | - | -€606 | |
| Current assets | 29/58 | €21,488 | €8,029 | -€13,460 | -62.6% |
| Amounts receivable within one year | 40/41 | €12,898 | €1,884 | -€11,014 | -85.4% |
| Trade receivables | 40 | €9,385 | €1,884 | -€7,501 | -79.9% |
| Other amounts receivable | 41 | €3,513 | - | -€3,513 | |
| Cash at bank and in hand | 54/58 | €7,907 | €6,030 | -€1,877 | -23.7% |
| Deferred charges and accrued income | 490/1 | €683 | €115 | -€568 | -83.2% |
| Total equity and liabilities | 10/49 | €22,276 | €8,029 | -€14,248 | -64.0% |
| Equity | 10/15 | €200 | €3,391 | +€3,191 | +1,595% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,191 | +€3,191 | |
| Amounts payable | 17/49 | €22,076 | €4,638 | -€17,438 | -79.0% |
| Amounts payable within one year | 42/48 | €22,076 | €4,638 | -€17,438 | -79.0% |
| Trade debts | 44 | €557 | €191 | -€366 | -65.7% |
| Suppliers | 440/4 | €557 | €191 | -€366 | -65.7% |
| Taxes, remuneration and social security | 45 | €11,480 | €4,158 | -€7,322 | -63.8% |
| Taxes | 450/3 | €11,480 | €4,158 | -€7,322 | -63.8% |
| Other amounts payable | 47/48 | €10,039 | €289 | -€9,750 | -97.1% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,175 | €638 | -€537 | -45.7% |
| Other operating charges | 640/8 | €2,861 | €2,361 | -€500 | -17.5% |
| Non-recurring operating charges | 66A | €661 | - | -€661 | |
| Gross operating margin | 9900 | €18,544 | €7,389 | -€11,155 | -60.2% |
| Operating profit (loss) | 9901 | €13,847 | €4,390 | -€9,457 | -68.3% |
| Financial income | 75/76B | €1 | €14 | +€13 | +1,610% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +1,610% |
| Financial charges | 65/66B | €860 | €87 | -€773 | -89.9% |
| Recurring financial charges | 65 | €860 | €87 | -€773 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €12,989 | €4,317 | -€8,672 | -66.8% |
| Income taxes | 67/77 | €3,500 | €1,127 | -€2,373 | -67.8% |
| Profit (loss) for the period | 9904 | €9,489 | €3,191 | -€6,298 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,489 | €3,191 | -€6,298 | -66.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.