VISUALIS: 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.
VISUALIS
Largest movements
- Current investments +€68,796
new in 2025: €68,796
- Receivables within one year -€24,888
down €24,888 (-40.0%), from €62,276 to €37,388
of which Trade receivables: -€23,995
- Tangible fixed assets -€13,115
down €13,115 (-24.5%), from €53,557 to €40,442
of which Furniture and vehicles: -€9,178
- Cash +€12,614
up €12,614 (+18.6%), from €67,780 to €80,393
mainly Net result for the year (+€103,646) and Receivables within one year (+€24,888)
- Profit (loss) carried forward +€103,646
up €103,646 (+90.9%), from €113,973 to €217,619
- Short-term financial debts -€35,140
down €35,140 (-100.0%), from €35,140 to €0
- Trade debts -€31,584
down €31,584 (-78.5%), from €40,235 to €8,651
- Tax, wage and social debts +€10,028
up €10,028 (+2222.4%), from €451 to €10,479
- Gross operating margin -€61,578
down €61,578 (-29.1%), from €211,825 to €150,247
- Other operating charges -€36,918
down €36,918 (-95.9%), from €38,488 to €1,570
- Depreciation -€10,643
down €10,643 (-40.5%), from €26,304 to €15,660
- Taxes -€3,247
down €3,247 (-9.5%), from €34,222 to €30,975
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 | €199,848 | €246,760 | +€46,912 | +23.5% |
| Fixed assets | 21/28 | €53,557 | €40,442 | -€13,115 | -24.5% |
| Tangible fixed assets | 22/27 | €53,557 | €40,442 | -€13,115 | -24.5% |
| Plant, machinery and equipment | 23 | €29,614 | €23,439 | -€6,175 | -20.9% |
| Furniture and vehicles | 24 | €21,812 | €12,634 | -€9,178 | -42.1% |
| Other tangible fixed assets | 26 | €2,131 | €4,368 | +€2,237 | +105.0% |
| Current assets | 29/58 | €146,291 | €206,318 | +€60,027 | +41.0% |
| Stocks and contracts in progress | 3 | €15,958 | €17,972 | +€2,014 | +12.6% |
| Stocks | 30/36 | €15,958 | €17,972 | +€2,014 | +12.6% |
| Amounts receivable within one year | 40/41 | €62,276 | €37,388 | -€24,888 | -40.0% |
| Trade receivables | 40 | €24,515 | €519 | -€23,995 | -97.9% |
| Other amounts receivable | 41 | €37,761 | €36,868 | -€892 | -2.4% |
| Current investments | 50/53 | - | €68,796 | +€68,796 | |
| Cash at bank and in hand | 54/58 | €67,780 | €80,393 | +€12,614 | +18.6% |
| Deferred charges and accrued income | 490/1 | €278 | €1,769 | +€1,491 | +536.9% |
| Total equity and liabilities | 10/49 | €199,848 | €246,760 | +€46,912 | +23.5% |
| Equity | 10/15 | €123,973 | €227,619 | +€103,646 | +83.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,973 | €217,619 | +€103,646 | +90.9% |
| Amounts payable | 17/49 | €75,875 | €19,141 | -€56,733 | -74.8% |
| Amounts payable within one year | 42/48 | €75,826 | €19,130 | -€56,696 | -74.8% |
| Financial debts | 43 | €35,140 | €0 | -€35,140 | -100.0% |
| Credit institutions | 430/8 | €35,140 | €0 | -€35,140 | -100.0% |
| Trade debts | 44 | €40,235 | €8,651 | -€31,584 | -78.5% |
| Suppliers | 440/4 | €40,235 | €8,651 | -€31,584 | -78.5% |
| Taxes, remuneration and social security | 45 | €451 | €10,479 | +€10,028 | +2222.4% |
| Taxes | 450/3 | €451 | €10,479 | +€10,028 | +2222.4% |
| Accrued charges and deferred income | 492/3 | €48 | €11 | -€37 | -76.8% |
| Remuneration, social security and pensions | 62 | €524 | €626 | +€102 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,304 | €15,660 | -€10,643 | -40.5% |
| Other operating charges | 640/8 | €38,488 | €1,570 | -€36,918 | -95.9% |
| Gross operating margin | 9900 | €211,825 | €150,247 | -€61,578 | -29.1% |
| Operating profit (loss) | 9901 | €146,509 | €132,390 | -€14,119 | -9.6% |
| Financial income | 75/76B | €2,000 | €3,392 | +€1,392 | +69.6% |
| Recurring financial income | 75 | €2,000 | €3,392 | +€1,392 | +69.6% |
| Financial charges | 65/66B | €314 | €1,162 | +€848 | +270.0% |
| Recurring financial charges | 65 | €314 | €1,162 | +€848 | +270.0% |
| Profit (loss) for the period before taxes | 9903 | €148,195 | €134,620 | -€13,575 | -9.2% |
| Income taxes | 67/77 | €34,222 | €30,975 | -€3,247 | -9.5% |
| Profit (loss) for the period | 9904 | €113,973 | €103,646 | -€10,328 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,973 | €103,646 | -€10,328 | -9.1% |
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 8 October 2026 via checked.be.