VISUEEL MEDIA: 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.
VISUEEL MEDIA
Largest movements
- Cash -€13,053
down €13,053 (-4.1%), from €317,224 to €304,171
mainly Net result for the year (-€9,358) and Tax, wage and social debts (-€5,707)
- Tangible fixed assets -€4,621
down €4,621 (-74.9%), from €6,166 to €1,546
of which Plant, machinery and equipment: -€3,392
- Profit (loss) carried forward -€9,358
down €9,358 (-12.0%), from -€77,878 to -€87,236
- Tax, wage and social debts -€5,707
down €5,707 (-99.0%), from €5,767 to €60
of which Remuneration and social security: -€3,724
- Current portion of long-term debt -€4,772
down €4,772 (-100%), from €4,772 to €0
- Gross operating margin +€32,592
up €32,592, from -€31,972 to €619
- Staff costs -€26,073
down €26,073 (-83.6%), from €31,182 to €5,110
- Financial charges -€3,758
down €3,758 (-99.3%), from €3,783 to €25
- Other operating charges -€3,194
down €3,194 (-49.4%), from €6,467 to €3,272
- Depreciation -€1,796
down €1,796 (-28.3%), from €6,348 to €4,553
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 | €326,855 | €307,729 | -€19,126 | -5.9% |
| Fixed assets | 21/28 | €6,166 | €1,546 | -€4,621 | -74.9% |
| Tangible fixed assets | 22/27 | €6,166 | €1,546 | -€4,621 | -74.9% |
| Plant, machinery and equipment | 23 | €4,470 | €1,078 | -€3,392 | -75.9% |
| Furniture and vehicles | 24 | €1,696 | €468 | -€1,229 | -72.4% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €320,688 | €306,183 | -€14,505 | -4.5% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,587 | €1,948 | +€361 | +22.8% |
| Trade receivables | 40 | €0 | €543 | +€543 | |
| Other amounts receivable | 41 | €1,587 | €1,405 | -€181 | -11.4% |
| Cash at bank and in hand | 54/58 | €317,224 | €304,171 | -€13,053 | -4.1% |
| Deferred charges and accrued income | 490/1 | €1,878 | €65 | -€1,813 | -96.6% |
| Total equity and liabilities | 10/49 | €326,855 | €307,729 | -€19,126 | -5.9% |
| Equity | 10/15 | €315,913 | €306,556 | -€9,358 | -3.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €375,042 | €375,042 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €373,167 | €373,167 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,878 | -€87,236 | -€9,358 | -12.0% |
| Amounts payable | 17/49 | €10,941 | €1,174 | -€9,768 | -89.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,941 | €1,174 | -€9,768 | -89.3% |
| Current portion of amounts payable after more than one year | 42 | €4,772 | €0 | -€4,772 | -100% |
| Trade debts | 44 | €402 | €1,113 | +€711 | +177% |
| Suppliers | 440/4 | €402 | €1,113 | +€711 | +177% |
| Taxes, remuneration and social security | 45 | €5,767 | €60 | -€5,707 | -99.0% |
| Taxes | 450/3 | €2,043 | €60 | -€1,983 | -97.1% |
| Remuneration and social security | 454/9 | €3,724 | €0 | -€3,724 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €31,182 | €5,110 | -€26,073 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,348 | €4,553 | -€1,796 | -28.3% |
| Other operating charges | 640/8 | €6,467 | €3,272 | -€3,194 | -49.4% |
| Gross operating margin | 9900 | -€31,972 | €619 | +€32,592 | |
| Operating profit (loss) | 9901 | -€75,970 | -€12,316 | +€63,654 | +83.8% |
| Financial income | 75/76B | €1,874 | €2,983 | +€1,109 | +59.1% |
| Recurring financial income | 75 | €1,874 | €2,983 | +€1,109 | +59.1% |
| Financial charges | 65/66B | €3,783 | €25 | -€3,758 | -99.3% |
| Recurring financial charges | 65 | €3,783 | €25 | -€3,758 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | -€77,878 | -€9,358 | +€68,521 | +88.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€77,878 | -€9,358 | +€68,521 | +88.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,878 | -€9,358 | +€68,521 | +88.0% |
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 28 October 2026 via checked.be.