VISWAREN BONNET: 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.
VISWAREN BONNET
Largest movements
- Cash -€49,701
down €49,701 (-36.6%), from €135,927 to €86,226
mainly Trade debts (-€114,373) and Investment in fixed assets (net) (-€82,518)
- Stocks and contracts +€44,788
up €44,788 (+15.3%), from €292,011 to €336,799
- Receivables within one year -€42,421
down €42,421 (-5.0%), from €856,124 to €813,704
of which Trade receivables: -€52,385
- Trade debts -€114,373
down €114,373 (-14.4%), from €792,323 to €677,950
- Reserves +€71,851
up €71,851 (+34.6%), from €207,473 to €279,324
of which Distributable reserves: +€71,851
- Debts after one year -€30,725
down €30,725 (-9.8%), from €314,696 to €283,971
of which Financial debts: -€30,725
- Staff costs -€49,770
down €49,770 (-10.3%), from €481,412 to €431,641
- Gross operating margin -€17,728
down €17,728 (-2.8%), from €644,435 to €626,708
- Financial charges -€7,255
down €7,255 (-25.6%), from €28,325 to €21,070
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 | €1,686,426 | €1,630,578 | -€55,849 | -3.3% |
| Fixed assets | 21/28 | €381,749 | €385,483 | +€3,734 | +1.0% |
| Intangible fixed assets | 21 | €170,161 | €167,880 | -€2,281 | -1.3% |
| Tangible fixed assets | 22/27 | €192,954 | €199,494 | +€6,540 | +3.4% |
| Plant, machinery and equipment | 23 | €27,905 | €23,267 | -€4,638 | -16.6% |
| Furniture and vehicles | 24 | €165,049 | €176,227 | +€11,178 | +6.8% |
| Financial fixed assets | 28 | €18,635 | €18,110 | -€525 | -2.8% |
| Current assets | 29/58 | €1,304,677 | €1,245,094 | -€59,583 | -4.6% |
| Amounts receivable after more than one year | 29 | €4,000 | €4,000 | = | 0.0% |
| Other amounts receivable | 291 | €4,000 | €4,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €292,011 | €336,799 | +€44,788 | +15.3% |
| Stocks | 30/36 | €292,011 | €336,799 | +€44,788 | +15.3% |
| Amounts receivable within one year | 40/41 | €856,124 | €813,704 | -€42,421 | -5.0% |
| Trade receivables | 40 | €846,809 | €794,424 | -€52,385 | -6.2% |
| Other amounts receivable | 41 | €9,316 | €19,280 | +€9,964 | +107% |
| Cash at bank and in hand | 54/58 | €135,927 | €86,226 | -€49,701 | -36.6% |
| Deferred charges and accrued income | 490/1 | €16,615 | €4,365 | -€12,249 | -73.7% |
| Total equity and liabilities | 10/49 | €1,686,426 | €1,630,578 | -€55,849 | -3.3% |
| Equity | 10/15 | €269,473 | €341,324 | +€71,851 | +26.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €207,473 | €279,324 | +€71,851 | +34.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €207,473 | €279,324 | +€71,851 | +34.6% |
| Amounts payable | 17/49 | €1,416,953 | €1,289,253 | -€127,700 | -9.0% |
| Amounts payable after more than one year | 17 | €314,696 | €283,971 | -€30,725 | -9.8% |
| Financial debts | 170/4 | €193,198 | €162,473 | -€30,725 | -15.9% |
| Other amounts payable | 178/9 | €121,498 | €121,498 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,102,257 | €1,005,282 | -€96,974 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €72,576 | €88,999 | +€16,423 | +22.6% |
| Financial debts | 43 | €161,777 | €161,782 | +€5 | 0.0% |
| Credit institutions | 430/8 | €161,777 | €161,782 | +€5 | 0.0% |
| Trade debts | 44 | €792,323 | €677,950 | -€114,373 | -14.4% |
| Suppliers | 440/4 | €792,323 | €677,950 | -€114,373 | -14.4% |
| Taxes, remuneration and social security | 45 | €75,431 | €76,484 | +€1,053 | +1.4% |
| Taxes | 450/3 | €12,546 | €5,455 | -€7,091 | -56.5% |
| Remuneration and social security | 454/9 | €62,884 | €71,029 | +€8,144 | +13.0% |
| Other amounts payable | 47/48 | €150 | €68 | -€83 | -55.0% |
| Non-recurring operating income | 76A | €5,137 | €11,389 | +€6,252 | +122% |
| Remuneration, social security and pensions | 62 | €481,412 | €431,641 | -€49,770 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,429 | €78,784 | +€3,355 | +4.4% |
| Other operating charges | 640/8 | €2,825 | €3,215 | +€390 | +13.8% |
| Gross operating margin | 9900 | €644,435 | €626,708 | -€17,728 | -2.8% |
| Operating profit (loss) | 9901 | €84,770 | €113,068 | +€28,298 | +33.4% |
| Financial income | 75/76B | €3,008 | €2,595 | -€413 | -13.7% |
| Recurring financial income | 75 | €3,008 | €2,595 | -€413 | -13.7% |
| Financial charges | 65/66B | €28,325 | €21,070 | -€7,255 | -25.6% |
| Recurring financial charges | 65 | €28,325 | €21,070 | -€7,255 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €59,454 | €94,594 | +€35,140 | +59.1% |
| Income taxes | 67/77 | €19,401 | €22,743 | +€3,341 | +17.2% |
| Profit (loss) for the period | 9904 | €40,053 | €71,851 | +€31,798 | +79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,053 | €71,851 | +€31,798 | +79.4% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.