VIZIER: 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.
VIZIER
Largest movements
- Receivables within one year +€9,516
up €9,516 (+12.9%), from €73,524 to €83,040
of which Other amounts receivable: +€9,373
- Tangible fixed assets -€5,249
down €5,249 (-31.7%), from €16,550 to €11,302
- Reserves +€11,615
up €11,615 (+24.0%), from €48,345 to €59,960
of which Distributable reserves: +€11,615
- Current portion of long-term debt -€8,020
down €8,020 (-56.7%), from €14,135 to €6,116
- Short-term financial debts +€3,778
new in 2025: €3,778
- Other debts -€2,829
no longer reported in 2025 (was €2,829)
- Gross operating margin -€1,289
down €1,289 (-5.6%), from €23,118 to €21,829
- Financial income +€621
up €621 (+21.0%), from €2,961 to €3,582
- Taxes +€571
up €571 (+10.1%), from €5,649 to €6,220
- Financial charges -€351
down €351 (-21.3%), from €1,652 to €1,301
- Other operating charges -€284
down €284 (-21.6%), from €1,310 to €1,027
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 | €95,251 | €98,763 | +€3,512 | +3.7% |
| Fixed assets | 21/28 | €16,550 | €11,302 | -€5,249 | -31.7% |
| Tangible fixed assets | 22/27 | €16,550 | €11,302 | -€5,249 | -31.7% |
| Plant, machinery and equipment | 23 | €16,550 | €11,302 | -€5,249 | -31.7% |
| Current assets | 29/58 | €78,701 | €87,461 | +€8,761 | +11.1% |
| Amounts receivable within one year | 40/41 | €73,524 | €83,040 | +€9,516 | +12.9% |
| Trade receivables | 40 | €17,643 | €17,787 | +€144 | +0.8% |
| Other amounts receivable | 41 | €55,881 | €65,253 | +€9,373 | +16.8% |
| Cash at bank and in hand | 54/58 | €5,177 | €4,421 | -€756 | -14.6% |
| Total equity and liabilities | 10/49 | €95,251 | €98,763 | +€3,512 | +3.7% |
| Equity | 10/15 | €66,895 | €78,510 | +€11,615 | +17.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €48,345 | €59,960 | +€11,615 | +24.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €46,490 | €58,105 | +€11,615 | +25.0% |
| Amounts payable | 17/49 | €28,356 | €20,253 | -€8,103 | -28.6% |
| Amounts payable within one year | 42/48 | €28,356 | €20,253 | -€8,103 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €14,135 | €6,116 | -€8,020 | -56.7% |
| Financial debts | 43 | - | €3,778 | +€3,778 | |
| Credit institutions | 430/8 | - | €3,778 | +€3,778 | |
| Trade debts | 44 | €4,415 | €3,806 | -€609 | -13.8% |
| Suppliers | 440/4 | €4,415 | €3,806 | -€609 | -13.8% |
| Taxes, remuneration and social security | 45 | €6,976 | €6,553 | -€423 | -6.1% |
| Taxes | 450/3 | €6,976 | €6,553 | -€423 | -6.1% |
| Other amounts payable | 47/48 | €2,829 | - | -€2,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,038 | €5,249 | +€211 | +4.2% |
| Other operating charges | 640/8 | €1,310 | €1,027 | -€284 | -21.6% |
| Gross operating margin | 9900 | €23,118 | €21,829 | -€1,289 | -5.6% |
| Operating profit (loss) | 9901 | €16,770 | €15,554 | -€1,216 | -7.3% |
| Financial income | 75/76B | €2,961 | €3,582 | +€621 | +21.0% |
| Recurring financial income | 75 | €2,961 | €3,582 | +€621 | +21.0% |
| Financial charges | 65/66B | €1,652 | €1,301 | -€351 | -21.3% |
| Recurring financial charges | 65 | €1,652 | €1,301 | -€351 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €18,079 | €17,835 | -€244 | -1.3% |
| Income taxes | 67/77 | €5,649 | €6,220 | +€571 | +10.1% |
| Profit (loss) for the period | 9904 | €12,430 | €11,615 | -€815 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,430 | €11,615 | -€815 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.