Vizibel: 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.
Vizibel
Largest movements
- Cash +€76,347
up €76,347 (+85.2%), from €89,636 to €165,983
mainly Net result for the year (+€55,825) and Tax, wage and social debts (+€20,876)
- Tangible fixed assets -€7,833
down €7,833 (-48.6%), from €16,116 to €8,283
- Receivables within one year +€2,580
new in 2025: €2,580
- Reserves +€55,825
up €55,825 (+101%), from €55,291 to €111,116
- Tax, wage and social debts +€20,876
up €20,876 (+99.0%), from €21,091 to €41,967
- Other debts -€7,226
down €7,226 (-28.7%), from €25,180 to €17,955
- Gross operating margin +€4,139
up €4,139 (+5.0%), from €83,516 to €87,655
- Financial charges +€1,686
up €1,686 (+771%), from €219 to €1,904
- Other operating charges +€897
up €897 (+126%), from €710 to €1,607
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 | €111,701 | €182,325 | +€70,624 | +63.2% |
| Fixed assets | 21/28 | €16,116 | €8,283 | -€7,833 | -48.6% |
| Tangible fixed assets | 22/27 | €16,116 | €8,283 | -€7,833 | -48.6% |
| Furniture and vehicles | 24 | €16,116 | €8,283 | -€7,833 | -48.6% |
| Current assets | 29/58 | €95,585 | €174,042 | +€78,457 | +82.1% |
| Amounts receivable within one year | 40/41 | - | €2,580 | +€2,580 | |
| Trade receivables | 40 | - | €2,580 | +€2,580 | |
| Cash at bank and in hand | 54/58 | €89,636 | €165,983 | +€76,347 | +85.2% |
| Deferred charges and accrued income | 490/1 | €5,949 | €5,480 | -€469 | -7.9% |
| Total equity and liabilities | 10/49 | €111,701 | €182,325 | +€70,624 | +63.2% |
| Equity | 10/15 | €58,291 | €114,116 | +€55,825 | +95.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,291 | €111,116 | +€55,825 | +101% |
| Distributable reserves | 133 | €55,291 | €111,116 | +€55,825 | +101% |
| Amounts payable | 17/49 | €53,410 | €68,209 | +€14,799 | +27.7% |
| Amounts payable within one year | 42/48 | €53,410 | €67,140 | +€13,730 | +25.7% |
| Trade debts | 44 | €7,139 | €7,218 | +€79 | +1.1% |
| Suppliers | 440/4 | €7,139 | €7,218 | +€79 | +1.1% |
| Taxes, remuneration and social security | 45 | €21,091 | €41,967 | +€20,876 | +99.0% |
| Taxes | 450/3 | €21,091 | €41,967 | +€20,876 | +99.0% |
| Other amounts payable | 47/48 | €25,180 | €17,955 | -€7,226 | -28.7% |
| Accrued charges and deferred income | 492/3 | - | €1,069 | +€1,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,384 | €7,833 | +€449 | +6.1% |
| Other operating charges | 640/8 | €710 | €1,607 | +€897 | +126% |
| Gross operating margin | 9900 | €83,516 | €87,655 | +€4,139 | +5.0% |
| Operating profit (loss) | 9901 | €75,422 | €78,214 | +€2,792 | +3.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €219 | €1,904 | +€1,686 | +771% |
| Recurring financial charges | 65 | €219 | €1,904 | +€1,686 | +771% |
| Profit (loss) for the period before taxes | 9903 | €75,206 | €76,310 | +€1,104 | +1.5% |
| Income taxes | 67/77 | €19,916 | €20,485 | +€569 | +2.9% |
| Profit (loss) for the period | 9904 | €55,291 | €55,825 | +€534 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,291 | €55,825 | +€534 | +1.0% |
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.