Visus Pictures: 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 Pictures
Largest movements
- Receivables within one year +€174,931
up €174,931 (+395%), from €44,247 to €219,179
of which Trade receivables: +€182,317
- Cash -€21,366
no longer reported in 2022 (was €21,366)
mainly Receivables within one year (-€174,931) and Investment in fixed assets (net) (-€9,014)
- Tangible fixed assets -€9,102
down €9,102 (-9.6%), from €95,080 to €85,979
of which Furniture and vehicles: -€8,347
- Deferred charges and accrued income +€6,213
up €6,213 (+115%), from €5,406 to €11,618
- Stocks and contracts -€5,320
down €5,320 (-19.0%), from €28,010 to €22,690
- Trade debts +€131,083
up €131,083 (+204%), from €64,259 to €195,342
- Other debts +€14,975
up €14,975 (+77.6%), from €19,296 to €34,271
- Debts after one year -€7,310
down €7,310 (-11.9%), from €61,553 to €54,243
- Profit (loss) carried forward +€5,396
up €5,396 (+435%), from €1,240 to €6,637
- Short-term financial debts +€5,336
new in 2022: €5,336
- Gross operating margin +€14,331
up €14,331 (+79.6%), from €18,010 to €32,341
- Taxes +€6,109
new in 2022: €6,109
- Depreciation +€4,729
up €4,729 (+35.3%), from €13,386 to €18,116
- Other operating charges -€2,658
down €2,658 (-94.7%), from €2,807 to €149
- Financial income -€2,641
down €2,641 (-100.0%), from €2,641 to €0
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,110 | €339,466 | +€145,356 | +74.9% |
| Fixed assets | 21/28 | €95,080 | €85,979 | -€9,102 | -9.6% |
| Tangible fixed assets | 22/27 | €95,080 | €85,979 | -€9,102 | -9.6% |
| Furniture and vehicles | 24 | €22,682 | €14,335 | -€8,347 | -36.8% |
| Other tangible fixed assets | 26 | €72,398 | €71,643 | -€755 | -1.0% |
| Current assets | 29/58 | €99,029 | €253,487 | +€154,458 | +156% |
| Stocks and contracts in progress | 3 | €28,010 | €22,690 | -€5,320 | -19.0% |
| Stocks | 30/36 | €28,010 | €22,690 | -€5,320 | -19.0% |
| Amounts receivable within one year | 40/41 | €44,247 | €219,179 | +€174,931 | +395% |
| Trade receivables | 40 | €36,862 | €219,179 | +€182,317 | +495% |
| Other amounts receivable | 41 | €7,386 | - | -€7,386 | |
| Cash at bank and in hand | 54/58 | €21,366 | - | -€21,366 | |
| Deferred charges and accrued income | 490/1 | €5,406 | €11,618 | +€6,213 | +115% |
| Total equity and liabilities | 10/49 | €194,110 | €339,466 | +€145,356 | +74.9% |
| Equity | 10/15 | €30,396 | €35,792 | +€5,396 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,955 | €22,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €302 | €302 | = | 0.0% |
| Reserves not available under the articles | 1311 | €302 | €302 | = | 0.0% |
| Distributable reserves | 133 | €22,654 | €22,654 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,240 | €6,637 | +€5,396 | +435% |
| Amounts payable | 17/49 | €163,714 | €303,674 | +€139,960 | +85.5% |
| Amounts payable after more than one year | 17 | €61,553 | €54,243 | -€7,310 | -11.9% |
| Financial debts | 170/4 | €61,553 | €54,243 | -€7,310 | -11.9% |
| Amounts payable within one year | 42/48 | €102,161 | €249,431 | +€147,270 | +144% |
| Current portion of amounts payable after more than one year | 42 | €7,173 | €7,310 | +€137 | +1.9% |
| Financial debts | 43 | - | €5,336 | +€5,336 | |
| Credit institutions | 430/8 | - | €5,336 | +€5,336 | |
| Trade debts | 44 | €64,259 | €195,342 | +€131,083 | +204% |
| Suppliers | 440/4 | €64,259 | €195,342 | +€131,083 | +204% |
| Taxes, remuneration and social security | 45 | €11,433 | €7,173 | -€4,260 | -37.3% |
| Taxes | 450/3 | €11,433 | €7,173 | -€4,260 | -37.3% |
| Other amounts payable | 47/48 | €19,296 | €34,271 | +€14,975 | +77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,386 | €18,116 | +€4,729 | +35.3% |
| Other operating charges | 640/8 | €2,807 | €149 | -€2,658 | -94.7% |
| Gross operating margin | 9900 | €18,010 | €32,341 | +€14,331 | +79.6% |
| Operating profit (loss) | 9901 | €1,817 | €14,077 | +€12,260 | +675% |
| Financial income | 75/76B | €2,641 | €0 | -€2,641 | -100.0% |
| Recurring financial income | 75 | €2,641 | €0 | -€2,641 | -100.0% |
| Financial charges | 65/66B | €3,218 | €2,571 | -€647 | -20.1% |
| Recurring financial charges | 65 | €3,218 | €2,571 | -€647 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €1,240 | €11,506 | +€10,265 | +828% |
| Income taxes | 67/77 | - | €6,109 | +€6,109 | |
| Profit (loss) for the period | 9904 | €1,240 | €5,396 | +€4,156 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €1,240 | €5,396 | +€4,156 | +335% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.