VIZIR: 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.
VIZIR
Largest movements
- Receivables within one year -€12,364
down €12,364 (-35.1%), from €35,191 to €22,827
of which Other amounts receivable: -€25,607
- Cash +€5,042
up €5,042 (+19.7%), from €25,533 to €30,574
mainly Receivables within one year (+€12,364) and Deferred charges and accrued income (+€3,067)
- Deferred charges and accrued income -€3,067
down €3,067 (-53.3%), from €5,753 to €2,686
- Tangible fixed assets -€2,968
down €2,968 (-21.2%), from €14,022 to €11,054
- Trade debts -€9,317
down €9,317 (-60.6%), from €15,382 to €6,065
- Reserves -€4,266
down €4,266 (-9.6%), from €44,596 to €40,330
- Other debts +€1,634
up €1,634 (+1,354%), from €121 to €1,754
- Profit (loss) carried forward -€1,408
down €1,408 (-14.7%), from €9,546 to €8,139
- Taxes +€663
up €663 (+62.0%), from €1,070 to €1,733
- Financial charges -€607
down €607 (-24.5%), from €2,481 to €1,874
- Gross operating margin +€178
up €178 (+3.0%), from €5,882 to €6,061
- Depreciation +€157
up €157 (+5.6%), from €2,811 to €2,968
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 | €83,049 | €69,691 | -€13,357 | -16.1% |
| Fixed assets | 21/28 | €16,572 | €13,604 | -€2,968 | -17.9% |
| Tangible fixed assets | 22/27 | €14,022 | €11,054 | -€2,968 | -21.2% |
| Furniture and vehicles | 24 | €14,022 | €11,054 | -€2,968 | -21.2% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €66,477 | €56,088 | -€10,390 | -15.6% |
| Amounts receivable within one year | 40/41 | €35,191 | €22,827 | -€12,364 | -35.1% |
| Trade receivables | 40 | €9,142 | €22,385 | +€13,243 | +145% |
| Other amounts receivable | 41 | €26,049 | €442 | -€25,607 | -98.3% |
| Cash at bank and in hand | 54/58 | €25,533 | €30,574 | +€5,042 | +19.7% |
| Deferred charges and accrued income | 490/1 | €5,753 | €2,686 | -€3,067 | -53.3% |
| Total equity and liabilities | 10/49 | €83,049 | €69,691 | -€13,357 | -16.1% |
| Equity | 10/15 | €66,542 | €60,868 | -€5,674 | -8.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,596 | €40,330 | -€4,266 | -9.6% |
| Distributable reserves | 133 | €44,596 | €40,330 | -€4,266 | -9.6% |
| Profit (loss) carried forward | 14 | €9,546 | €8,139 | -€1,408 | -14.7% |
| Amounts payable | 17/49 | €16,506 | €8,823 | -€7,683 | -46.5% |
| Amounts payable within one year | 42/48 | €16,506 | €8,823 | -€7,683 | -46.5% |
| Trade debts | 44 | €15,382 | €6,065 | -€9,317 | -60.6% |
| Suppliers | 440/4 | €15,382 | €6,065 | -€9,317 | -60.6% |
| Taxes, remuneration and social security | 45 | €1,004 | €1,004 | = | 0.0% |
| Taxes | 450/3 | €1,004 | €1,004 | = | 0.0% |
| Other amounts payable | 47/48 | €121 | €1,754 | +€1,634 | +1,354% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,811 | €2,968 | +€157 | +5.6% |
| Other operating charges | 640/8 | €857 | €894 | +€36 | +4.2% |
| Gross operating margin | 9900 | €5,882 | €6,061 | +€178 | +3.0% |
| Operating profit (loss) | 9901 | €2,214 | €2,199 | -€15 | -0.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,481 | €1,874 | -€607 | -24.5% |
| Recurring financial charges | 65 | €2,481 | €1,874 | -€607 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€267 | €325 | +€592 | |
| Income taxes | 67/77 | €1,070 | €1,733 | +€663 | +62.0% |
| Profit (loss) for the period | 9904 | -€1,337 | -€1,408 | -€71 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,337 | -€1,408 | -€71 | -5.3% |
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 22 October 2026 via checked.be.