VIZOTRANS: 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.
VIZOTRANS
Largest movements
- Cash +€253,505
up €253,505 (+118%), from €214,275 to €467,779
mainly Depreciation (+€329,746) and Net result for the year (+€95,225)
- Tangible fixed assets -€174,789
down €174,789 (-18.6%), from €939,931 to €765,142
of which Furniture and vehicles: -€167,093
- Receivables within one year +€48,837
up €48,837 (+21.6%), from €225,956 to €274,793
of which Trade receivables: +€37,834
- Reserves +€95,000
up €95,000 (+15.6%), from €608,860 to €703,860
of which Distributable reserves: +€95,000
- Debts after one year +€63,890
up €63,890 (+35.0%), from €182,344 to €246,234
- Trade debts -€63,757
down €63,757 (-48.9%), from €130,493 to €66,736
- Current portion of long-term debt +€40,859
up €40,859 (+34.9%), from €117,185 to €158,044
- Staff costs +€132,336
up €132,336 (+44.0%), from €300,869 to €433,205
- Gross operating margin +€116,806
up €116,806 (+14.6%), from €798,029 to €914,835
- Depreciation +€79,175
up €79,175 (+31.6%), from €250,571 to €329,746
- Taxes -€33,324
down €33,324 (-61.2%), from €54,432 to €21,108
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 | €1,385,855 | €1,512,900 | +€127,045 | +9.2% |
| Fixed assets | 21/28 | €942,446 | €767,657 | -€174,789 | -18.5% |
| Tangible fixed assets | 22/27 | €939,931 | €765,142 | -€174,789 | -18.6% |
| Plant, machinery and equipment | 23 | €22,695 | €19,064 | -€3,631 | -16.0% |
| Furniture and vehicles | 24 | €894,115 | €727,022 | -€167,093 | -18.7% |
| Other tangible fixed assets | 26 | €23,121 | €19,057 | -€4,065 | -17.6% |
| Financial fixed assets | 28 | €2,515 | €2,515 | = | 0.0% |
| Current assets | 29/58 | €443,408 | €745,243 | +€301,834 | +68.1% |
| Amounts receivable within one year | 40/41 | €225,956 | €274,793 | +€48,837 | +21.6% |
| Trade receivables | 40 | €212,993 | €250,827 | +€37,834 | +17.8% |
| Other amounts receivable | 41 | €12,963 | €23,966 | +€11,003 | +84.9% |
| Cash at bank and in hand | 54/58 | €214,275 | €467,779 | +€253,505 | +118% |
| Deferred charges and accrued income | 490/1 | €3,178 | €2,670 | -€508 | -16.0% |
| Total equity and liabilities | 10/49 | €1,385,855 | €1,512,900 | +€127,045 | +9.2% |
| Equity | 10/15 | €629,887 | €725,112 | +€95,225 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €608,860 | €703,860 | +€95,000 | +15.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €607,000 | €702,000 | +€95,000 | +15.7% |
| Profit (loss) carried forward | 14 | €2,427 | €2,652 | +€225 | +9.3% |
| Amounts payable | 17/49 | €755,968 | €787,788 | +€31,820 | +4.2% |
| Amounts payable after more than one year | 17 | €182,344 | €246,234 | +€63,890 | +35.0% |
| Financial debts | 170/4 | €182,344 | €246,234 | +€63,890 | +35.0% |
| Amounts payable within one year | 42/48 | €517,979 | €481,863 | -€36,116 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €117,185 | €158,044 | +€40,859 | +34.9% |
| Trade debts | 44 | €130,493 | €66,736 | -€63,757 | -48.9% |
| Suppliers | 440/4 | €130,493 | €66,736 | -€63,757 | -48.9% |
| Taxes, remuneration and social security | 45 | €86,783 | €83,013 | -€3,770 | -4.3% |
| Taxes | 450/3 | €60,840 | €35,040 | -€25,800 | -42.4% |
| Remuneration and social security | 454/9 | €25,943 | €47,973 | +€22,030 | +84.9% |
| Other amounts payable | 47/48 | €183,517 | €174,070 | -€9,448 | -5.1% |
| Accrued charges and deferred income | 492/3 | €55,645 | €59,691 | +€4,046 | +7.3% |
| Remuneration, social security and pensions | 62 | €300,869 | €433,205 | +€132,336 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,571 | €329,746 | +€79,175 | +31.6% |
| Other operating charges | 640/8 | €6,622 | €11,182 | +€4,560 | +68.9% |
| Gross operating margin | 9900 | €798,029 | €914,835 | +€116,806 | +14.6% |
| Operating profit (loss) | 9901 | €239,967 | €140,702 | -€99,265 | -41.4% |
| Financial income | 75/76B | €1 | €73 | +€72 | +8,746% |
| Recurring financial income | 75 | €1 | €73 | +€72 | +8,746% |
| Financial charges | 65/66B | €18,732 | €24,442 | +€5,710 | +30.5% |
| Recurring financial charges | 65 | €18,732 | €24,442 | +€5,710 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €221,237 | €116,333 | -€104,904 | -47.4% |
| Income taxes | 67/77 | €54,432 | €21,108 | -€33,324 | -61.2% |
| Profit (loss) for the period | 9904 | €166,804 | €95,225 | -€71,579 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €166,804 | €95,225 | -€71,579 | -42.9% |
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.