VIZURI: 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.
VIZURI
Largest movements
- Receivables within one year +€59,266
up €59,266 (+1,960%), from €3,023 to €62,290
of which Other amounts receivable: +€58,345
- Cash -€53,302
down €53,302 (-67.9%), from €78,475 to €25,173
mainly Contributions, distributions and other (-€93,266) and Receivables within one year (-€59,266)
- Tangible fixed assets -€16,604
down €16,604 (-34.4%), from €48,328 to €31,724
of which Furniture and vehicles: -€16,746
- Stocks and contracts +€3,401
up €3,401 (+162%), from €2,098 to €5,499
- Other debts +€72,516
up €72,516 (+426%), from €17,016 to €89,533
- Profit (loss) carried forward -€66,025
down €66,025 (-100%), from €66,025 to €0
- Debts after one year -€10,862
down €10,862 (-69.9%), from €15,533 to €4,671
- Tax, wage and social debts -€2,207
down €2,207 (-46.8%), from €4,711 to €2,504
- Gross operating margin -€8,063
down €8,063 (-12.1%), from €66,841 to €58,778
- Taxes -€2,281
down €2,281 (-17.4%), from €13,096 to €10,814
- Depreciation +€797
up €797 (+4.4%), from €17,920 to €18,717
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 | €133,229 | €126,921 | -€6,308 | -4.7% |
| Fixed assets | 21/28 | €48,328 | €31,724 | -€16,604 | -34.4% |
| Tangible fixed assets | 22/27 | €48,328 | €31,724 | -€16,604 | -34.4% |
| Plant, machinery and equipment | 23 | €3,568 | €3,710 | +€142 | +4.0% |
| Furniture and vehicles | 24 | €44,760 | €28,014 | -€16,746 | -37.4% |
| Current assets | 29/58 | €84,901 | €95,197 | +€10,296 | +12.1% |
| Stocks and contracts in progress | 3 | €2,098 | €5,499 | +€3,401 | +162% |
| Stocks | 30/36 | €2,098 | €5,499 | +€3,401 | +162% |
| Amounts receivable within one year | 40/41 | €3,023 | €62,290 | +€59,266 | +1,960% |
| Trade receivables | 40 | €1,368 | €2,290 | +€922 | +67.4% |
| Other amounts receivable | 41 | €1,655 | €60,000 | +€58,345 | +3,525% |
| Cash at bank and in hand | 54/58 | €78,475 | €25,173 | -€53,302 | -67.9% |
| Deferred charges and accrued income | 490/1 | €1,305 | €2,235 | +€931 | +71.3% |
| Total equity and liabilities | 10/49 | €133,229 | €126,921 | -€6,308 | -4.7% |
| Equity | 10/15 | €84,625 | €18,600 | -€66,025 | -78.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,025 | €0 | -€66,025 | -100% |
| Amounts payable | 17/49 | €48,604 | €108,321 | +€59,718 | +123% |
| Amounts payable after more than one year | 17 | €15,533 | €4,671 | -€10,862 | -69.9% |
| Financial debts | 170/4 | €15,533 | €4,671 | -€10,862 | -69.9% |
| Amounts payable within one year | 42/48 | €33,070 | €103,577 | +€70,507 | +213% |
| Current portion of amounts payable after more than one year | 42 | €10,413 | €10,862 | +€450 | +4.3% |
| Trade debts | 44 | €931 | €678 | -€252 | -27.1% |
| Suppliers | 440/4 | €931 | €678 | -€252 | -27.1% |
| Taxes, remuneration and social security | 45 | €4,711 | €2,504 | -€2,207 | -46.8% |
| Taxes | 450/3 | €4,711 | €2,504 | -€2,207 | -46.8% |
| Other amounts payable | 47/48 | €17,016 | €89,533 | +€72,516 | +426% |
| Accrued charges and deferred income | 492/3 | - | €73 | +€73 | |
| Non-recurring operating income | 76A | €6,175 | - | -€6,175 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,920 | €18,717 | +€797 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €1,046 | €777 | -€270 | -25.8% |
| Gross operating margin | 9900 | €66,841 | €58,778 | -€8,063 | -12.1% |
| Operating profit (loss) | 9901 | €47,875 | €38,884 | -€8,991 | -18.8% |
| Financial income | 75/76B | €0 | €244 | +€244 | +1,221,100% |
| Recurring financial income | 75 | €0 | €244 | +€244 | +1,221,100% |
| Financial charges | 65/66B | €1,384 | €1,073 | -€310 | -22.4% |
| Recurring financial charges | 65 | €1,384 | €1,073 | -€310 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €46,491 | €38,055 | -€8,436 | -18.1% |
| Income taxes | 67/77 | €13,096 | €10,814 | -€2,281 | -17.4% |
| Profit (loss) for the period | 9904 | €33,396 | €27,241 | -€6,155 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,396 | €27,241 | -€6,155 | -18.4% |
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 15 October 2026 via checked.be.