Visus Liber: 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.
Visus Liber
Largest movements
- Cash +€80,421
up €80,421 (+189%), from €42,623 to €123,044
mainly Net result for the year (+€44,866) and Deferred charges and accrued income (+€33,583)
- Deferred charges and accrued income -€33,583
down €33,583 (-88.8%), from €37,802 to €4,218
- Receivables within one year -€2,445
down €2,445 (-58.0%), from €4,215 to €1,770
- Tangible fixed assets -€1,924
down €1,924 (-81.5%), from €2,361 to €437
- Reserves +€44,866
up €44,866 (+63.0%), from €71,199 to €116,065
- Other debts -€2,321
down €2,321 (-34.8%), from €6,662 to €4,341
- Gross operating margin -€36,341
down €36,341 (-37.3%), from €97,448 to €61,107
- Taxes -€7,555
down €7,555 (-36.3%), from €20,785 to €13,230
- Other operating charges -€1,699
down €1,699 (-63.7%), from €2,668 to €969
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 | €87,001 | €129,470 | +€42,469 | +48.8% |
| Fixed assets | 21/28 | €2,361 | €437 | -€1,924 | -81.5% |
| Tangible fixed assets | 22/27 | €2,361 | €437 | -€1,924 | -81.5% |
| Furniture and vehicles | 24 | €2,361 | €437 | -€1,924 | -81.5% |
| Current assets | 29/58 | €84,640 | €129,032 | +€44,392 | +52.4% |
| Amounts receivable within one year | 40/41 | €4,215 | €1,770 | -€2,445 | -58.0% |
| Other amounts receivable | 41 | €4,215 | €1,770 | -€2,445 | -58.0% |
| Cash at bank and in hand | 54/58 | €42,623 | €123,044 | +€80,421 | +189% |
| Deferred charges and accrued income | 490/1 | €37,802 | €4,218 | -€33,583 | -88.8% |
| Total equity and liabilities | 10/49 | €87,001 | €129,470 | +€42,469 | +48.8% |
| Equity | 10/15 | €76,199 | €121,065 | +€44,866 | +58.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €71,199 | €116,065 | +€44,866 | +63.0% |
| Distributable reserves | 133 | €71,199 | €116,065 | +€44,866 | +63.0% |
| Amounts payable | 17/49 | €10,802 | €8,404 | -€2,397 | -22.2% |
| Amounts payable within one year | 42/48 | €10,802 | €8,404 | -€2,397 | -22.2% |
| Financial debts | 43 | - | €495 | +€495 | |
| Credit institutions | 430/8 | - | €495 | +€495 | |
| Trade debts | 44 | €4,140 | €3,569 | -€571 | -13.8% |
| Suppliers | 440/4 | €4,140 | €3,569 | -€571 | -13.8% |
| Other amounts payable | 47/48 | €6,662 | €4,341 | -€2,321 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,214 | €1,924 | -€291 | -13.1% |
| Other operating charges | 640/8 | €2,668 | €969 | -€1,699 | -63.7% |
| Gross operating margin | 9900 | €97,448 | €61,107 | -€36,341 | -37.3% |
| Operating profit (loss) | 9901 | €92,567 | €58,215 | -€34,352 | -37.1% |
| Financial income | 75/76B | €0 | €5 | +€4 | +44,900% |
| Recurring financial income | 75 | €0 | €5 | +€4 | +44,900% |
| Financial charges | 65/66B | €582 | €123 | -€459 | -78.9% |
| Recurring financial charges | 65 | €582 | €123 | -€459 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €91,984 | €58,097 | -€33,888 | -36.8% |
| Income taxes | 67/77 | €20,785 | €13,230 | -€7,555 | -36.3% |
| Profit (loss) for the period | 9904 | €71,199 | €44,866 | -€26,333 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,199 | €44,866 | -€26,333 | -37.0% |
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.