VIZIOR: 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.
VIZIOR
Largest movements
- Receivables within one year -€54,851
down €54,851 (-94.1%), from €58,266 to €3,415
of which Other amounts receivable: -€33,555
- Cash +€28,207
up €28,207 (+23.1%), from €121,930 to €150,137
mainly Net result for the year (+€135,584) and Receivables within one year (+€54,851)
- Tangible fixed assets +€1,889
up €1,889 (+89.0%), from €2,123 to €4,013
of which Furniture and vehicles: +€2,674
- Tax, wage and social debts -€35,833
down €35,833 (-66.3%), from €54,024 to €18,191
- Current portion of long-term debt +€6,739
new in 2025: €6,739
- Other debts +€3,993
up €3,993 (+3.6%), from €111,254 to €115,247
- Gross operating margin +€6,472
up €6,472 (+3.6%), from €178,409 to €184,881
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 | €186,568 | €161,850 | -€24,718 | -13.2% |
| Fixed assets | 21/28 | €5,433 | €7,323 | +€1,889 | +34.8% |
| Tangible fixed assets | 22/27 | €2,123 | €4,013 | +€1,889 | +89.0% |
| Plant, machinery and equipment | 23 | €2,123 | €1,338 | -€785 | -37.0% |
| Furniture and vehicles | 24 | - | €2,674 | +€2,674 | |
| Financial fixed assets | 28 | €3,310 | €3,310 | = | 0.0% |
| Current assets | 29/58 | €181,135 | €154,527 | -€26,607 | -14.7% |
| Amounts receivable within one year | 40/41 | €58,266 | €3,415 | -€54,851 | -94.1% |
| Trade receivables | 40 | €24,684 | €3,388 | -€21,296 | -86.3% |
| Other amounts receivable | 41 | €33,582 | €27 | -€33,555 | -99.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €121,930 | €150,137 | +€28,207 | +23.1% |
| Deferred charges and accrued income | 490/1 | €938 | €975 | +€37 | +4.0% |
| Total equity and liabilities | 10/49 | €186,568 | €161,850 | -€24,718 | -13.2% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €166,108 | €141,390 | -€24,718 | -14.9% |
| Amounts payable within one year | 42/48 | €166,108 | €141,390 | -€24,718 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,739 | +€6,739 | |
| Trade debts | 44 | €831 | €1,213 | +€382 | +46.0% |
| Suppliers | 440/4 | €831 | €1,213 | +€382 | +46.0% |
| Taxes, remuneration and social security | 45 | €54,024 | €18,191 | -€35,833 | -66.3% |
| Taxes | 450/3 | €54,024 | €18,191 | -€35,833 | -66.3% |
| Other amounts payable | 47/48 | €111,254 | €115,247 | +€3,993 | +3.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6,708 | €0 | -€6,708 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €785 | €1,379 | +€594 | +75.7% |
| Other operating charges | 640/8 | €951 | €483 | -€469 | -49.2% |
| Gross operating margin | 9900 | €178,409 | €184,881 | +€6,472 | +3.6% |
| Operating profit (loss) | 9901 | €176,672 | €183,019 | +€6,346 | +3.6% |
| Financial income | 75/76B | €1,022 | €347 | -€675 | -66.0% |
| Recurring financial income | 75 | €1,022 | €347 | -€675 | -66.0% |
| Financial charges | 65/66B | €1,965 | €3,455 | +€1,490 | +75.9% |
| Recurring financial charges | 65 | €1,965 | €3,455 | +€1,490 | +75.9% |
| Profit (loss) for the period before taxes | 9903 | €175,730 | €179,911 | +€4,181 | +2.4% |
| Income taxes | 67/77 | €44,843 | €44,327 | -€517 | -1.2% |
| Profit (loss) for the period | 9904 | €130,887 | €135,584 | +€4,698 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €130,887 | €135,584 | +€4,698 | +3.6% |
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 19 October 2026 via checked.be.