VISUALMETA4: 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.
VISUALMETA4
Largest movements
- Cash +€165,341
up €165,341 (+39.8%), from €415,647 to €580,989
mainly Current investments (+€150,000) and Receivables within one year (+€79,193)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year -€79,193
down €79,193 (-74.1%), from €106,889 to €27,696
of which Other amounts receivable: -€46,601
- Tangible fixed assets -€16,982
down €16,982 (-16.6%), from €102,578 to €85,596
of which Furniture and vehicles: -€10,212
- Other debts -€46,086
down €46,086 (-37.7%), from €122,375 to €76,289
- Reserves -€21,500
down €21,500 (-4.0%), from €535,589 to €514,089
- Tax, wage and social debts -€14,525
down €14,525 (-44.0%), from €33,034 to €18,508
- Gross operating margin +€23,823
up €23,823 (+32.4%), from €73,633 to €97,456
- Taxes +€7,395
up €7,395 (+53.8%), from €13,734 to €21,129
- Financial income +€5,921
up €5,921 (+414%), from €1,430 to €7,351
- Depreciation +€2,161
up €2,161 (+9.0%), from €24,019 to €26,179
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 | €782,477 | €700,690 | -€81,787 | -10.5% |
| Fixed assets | 21/28 | €109,941 | €92,005 | -€17,935 | -16.3% |
| Intangible fixed assets | 21 | €7,363 | €6,409 | -€953 | -12.9% |
| Tangible fixed assets | 22/27 | €102,578 | €85,596 | -€16,982 | -16.6% |
| Plant, machinery and equipment | 23 | €31,125 | €24,356 | -€6,770 | -21.7% |
| Furniture and vehicles | 24 | €71,453 | €61,240 | -€10,212 | -14.3% |
| Current assets | 29/58 | €672,536 | €608,685 | -€63,851 | -9.5% |
| Amounts receivable within one year | 40/41 | €106,889 | €27,696 | -€79,193 | -74.1% |
| Trade receivables | 40 | €59,706 | €27,114 | -€32,592 | -54.6% |
| Other amounts receivable | 41 | €47,183 | €582 | -€46,601 | -98.8% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €415,647 | €580,989 | +€165,341 | +39.8% |
| Total equity and liabilities | 10/49 | €782,477 | €700,690 | -€81,787 | -10.5% |
| Equity | 10/15 | €576,476 | €555,024 | -€21,452 | -3.7% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €535,589 | €514,089 | -€21,500 | -4.0% |
| Distributable reserves | 133 | €535,589 | €514,089 | -€21,500 | -4.0% |
| Profit (loss) carried forward | 14 | €26,887 | €26,935 | +€48 | +0.2% |
| Amounts payable | 17/49 | €206,001 | €145,666 | -€60,335 | -29.3% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,001 | €95,666 | -€60,335 | -38.7% |
| Trade debts | 44 | €592 | €868 | +€276 | +46.6% |
| Suppliers | 440/4 | €592 | €868 | +€276 | +46.6% |
| Taxes, remuneration and social security | 45 | €33,034 | €18,508 | -€14,525 | -44.0% |
| Taxes | 450/3 | €33,034 | €18,508 | -€14,525 | -44.0% |
| Other amounts payable | 47/48 | €122,375 | €76,289 | -€46,086 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,019 | €26,179 | +€2,161 | +9.0% |
| Other operating charges | 640/8 | €770 | €1,593 | +€824 | +107% |
| Gross operating margin | 9900 | €73,633 | €97,456 | +€23,823 | +32.4% |
| Operating profit (loss) | 9901 | €48,845 | €69,683 | +€20,839 | +42.7% |
| Financial income | 75/76B | €1,430 | €7,351 | +€5,921 | +414% |
| Recurring financial income | 75 | €1,430 | €7,351 | +€5,921 | +414% |
| Financial charges | 65/66B | €417 | €357 | -€60 | -14.3% |
| Recurring financial charges | 65 | €417 | €357 | -€60 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €49,858 | €76,677 | +€26,820 | +53.8% |
| Income taxes | 67/77 | €13,734 | €21,129 | +€7,395 | +53.8% |
| Profit (loss) for the period | 9904 | €36,124 | €55,548 | +€19,424 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,124 | €55,548 | +€19,424 | +53.8% |
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 15 October 2026 via checked.be.