VISUEEL: 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.
VISUEEL
Largest movements
- Cash -€14,243
down €14,243 (-44.8%), from €31,817 to €17,574
mainly Net result for the year (-€15,157) and Receivables within one year (-€1,153)
- Tangible fixed assets -€2,327
down €2,327 (-57.5%), from €4,049 to €1,721
- Receivables within one year +€1,153
up €1,153 (+4.3%), from €26,888 to €28,041
of which Trade receivables: +€23,926
- Equity -€15,157
down €15,157 (-29.9%), from €50,615 to €35,458
of which Profit (loss) carried forward: -€15,157
- Gross operating margin -€5,870
down €5,870 (-96.5%), from -€6,082 to -€11,952
- Other operating charges +€723
new in 2021: €723
- Financial charges +€155
new in 2021: €155
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,754 | €47,337 | -€15,417 | -24.6% |
| Fixed assets | 21/28 | €4,049 | €1,721 | -€2,327 | -57.5% |
| Tangible fixed assets | 22/27 | €4,049 | €1,721 | -€2,327 | -57.5% |
| Furniture and vehicles | 24 | - | €1,721 | +€1,721 | |
| Current assets | 29/58 | €58,705 | €45,615 | -€13,090 | -22.3% |
| Amounts receivable within one year | 40/41 | €26,888 | €28,041 | +€1,153 | +4.3% |
| Trade receivables | 40 | - | €23,926 | +€23,926 | |
| Other amounts receivable | 41 | - | €4,115 | +€4,115 | |
| Cash at bank and in hand | 54/58 | €31,817 | €17,574 | -€14,243 | -44.8% |
| Total equity and liabilities | 10/49 | €62,754 | €47,337 | -€15,417 | -24.6% |
| Equity | 10/15 | €50,615 | €35,458 | -€15,157 | -29.9% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €30,155 | €14,998 | -€15,157 | -50.3% |
| Amounts payable | 17/49 | €12,139 | €11,879 | -€260 | -2.1% |
| Amounts payable within one year | 42/48 | €12,139 | €11,879 | -€260 | -2.1% |
| Trade debts | 44 | €3,632 | €6,387 | +€2,755 | +75.8% |
| Suppliers | 440/4 | - | €6,387 | +€6,387 | |
| Other amounts payable | 47/48 | - | €5,492 | +€5,492 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,328 | €2,327 | -€0 | 0.0% |
| Other operating charges | 640/8 | - | €723 | +€723 | |
| Gross operating margin | 9900 | -€6,082 | -€11,952 | -€5,870 | -96.5% |
| Operating profit (loss) | 9901 | -€9,423 | -€15,002 | -€5,579 | -59.2% |
| Financial charges | 65/66B | - | €155 | +€155 | |
| Recurring financial charges | 65 | €32 | €155 | +€123 | +391.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,454 | -€15,157 | -€5,702 | -60.3% |
| Profit (loss) for the period | 9904 | -€9,454 | -€15,157 | -€5,702 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,454 | -€15,157 | -€5,702 | -60.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.