Vue Projects: what changed
Two fiscal 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.
Vue Projects
Largest movements
- Stocks and contracts -€280,908
down €280,908 (-88.5%), from €317,350 to €36,442
- Tangible fixed assets -€23,266
down €23,266 (-2.9%), from €789,239 to €765,973
- Cash -€13,036
down €13,036 (-98.2%), from €13,270 to €235
mainly Other debts (-€224,957) and Net result for the year (-€65,222)
- Other debts -€224,957
down €224,957 (-88.4%), from €254,362 to €29,405
- Reserves -€65,222
down €65,222 (-12.8%), from €510,288 to €445,066
- Debts after one year -€40,226
down €40,226 (-16.5%), from €243,780 to €203,554
- Gross operating margin -€636,444
down €636,444, from €599,614 to -€36,829
- Taxes -€175,312
down €175,312 (-99.9%), from €175,435 to €123
- Financial charges +€6,764
up €6,764 (+999.8%), from €677 to €7,441
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.
Cash bridge derived
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 | €1,134,072 | €807,721 | -€326,351 | -28.8% |
| Fixed assets | 21/28 | €789,239 | €765,973 | -€23,266 | -2.9% |
| Tangible fixed assets | 22/27 | €789,239 | €765,973 | -€23,266 | -2.9% |
| Land and buildings | 22 | €761,014 | €752,733 | -€8,281 | -1.1% |
| Plant, machinery and equipment | 23 | €5,566 | €624 | -€4,942 | -88.8% |
| Furniture and vehicles | 24 | €22,658 | €12,616 | -€10,043 | -44.3% |
| Current assets | 29/58 | €344,833 | €41,748 | -€303,085 | -87.9% |
| Stocks and contracts in progress | 3 | €317,350 | €36,442 | -€280,908 | -88.5% |
| Stocks | 30/36 | €317,350 | €36,442 | -€280,908 | -88.5% |
| Amounts receivable within one year | 40/41 | €13,536 | €4,638 | -€8,898 | -65.7% |
| Trade receivables | 40 | €6,607 | €4,638 | -€1,969 | -29.8% |
| Other amounts receivable | 41 | €6,930 | €0 | -€6,930 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,270 | €235 | -€13,036 | -98.2% |
| Deferred charges and accrued income | 490/1 | €677 | €433 | -€243 | -36.0% |
| Total equity and liabilities | 10/49 | €1,134,072 | €807,721 | -€326,351 | -28.8% |
| Equity | 10/15 | €528,888 | €463,666 | -€65,222 | -12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €510,288 | €445,066 | -€65,222 | -12.8% |
| Distributable reserves | 133 | €510,288 | €445,066 | -€65,222 | -12.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €605,184 | €344,055 | -€261,129 | -43.1% |
| Amounts payable after more than one year | 17 | €243,780 | €203,554 | -€40,226 | -16.5% |
| Financial debts | 170/4 | €243,780 | €203,554 | -€40,226 | -16.5% |
| Amounts payable within one year | 42/48 | €361,404 | €133,196 | -€228,208 | -63.1% |
| Current portion of amounts payable after more than one year | 42 | €36,266 | €39,337 | +€3,071 | +8.5% |
| Trade debts | 44 | €14,772 | €6,852 | -€7,920 | -53.6% |
| Suppliers | 440/4 | €14,772 | €6,852 | -€7,920 | -53.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €56,003 | €57,602 | +€1,599 | +2.9% |
| Taxes | 450/3 | €56,003 | €57,602 | +€1,599 | +2.9% |
| Other amounts payable | 47/48 | €254,362 | €29,405 | -€224,957 | -88.4% |
| Accrued charges and deferred income | 492/3 | - | €7,305 | +€7,305 | |
| Non-recurring operating income | 76A | €665,099 | €0 | -€665,099 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,745 | €14,405 | -€2,340 | -14.0% |
| Other operating charges | 640/8 | €2,305 | €5,829 | +€3,524 | +152.8% |
| Non-recurring operating charges | 66A | - | €596 | +€596 | |
| Gross operating margin | 9900 | €599,614 | -€36,829 | -€636,444 | |
| Operating profit (loss) | 9901 | €580,564 | -€57,660 | -€638,224 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €677 | €7,441 | +€6,764 | +999.8% |
| Recurring financial charges | 65 | €677 | €7,441 | +€6,764 | +999.8% |
| Profit (loss) for the period before taxes | 9903 | €579,887 | -€65,100 | -€644,987 | |
| Income taxes | 67/77 | €175,435 | €123 | -€175,312 | -99.9% |
| Profit (loss) for the period | 9904 | €404,452 | -€65,222 | -€469,675 | |
| Profit (loss) for the period to be appropriated | 9905 | €404,452 | -€65,222 | -€469,675 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.