WORKING VISUM: 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.
WORKING VISUM
Largest movements
- Receivables within one year +€10,762
up €10,762 (+573%), from €1,877 to €12,639
of which Trade receivables: +€10,745
- Tangible fixed assets -€10,205
down €10,205 (-11.0%), from €92,408 to €82,203
of which Furniture and vehicles: -€5,993
- Other debts +€21,087
up €21,087 (+71.4%), from €29,518 to €50,605
- Profit (loss) carried forward -€17,304
down €17,304 (-60.2%), from -€28,731 to -€46,035
- Debts after one year -€6,259
down €6,259 (-11.2%), from €55,818 to €49,560
- Trade debts +€5,016
up €5,016 (+87.9%), from €5,705 to €10,721
- Current portion of long-term debt -€3,681
down €3,681 (-37.0%), from €9,940 to €6,259
- Gross operating margin +€36,367
up €36,367, from -€23,231 to €13,136
- Other operating charges -€19,398
down €19,398 (-87.8%), from €22,090 to €2,692
- Depreciation -€5,678
down €5,678 (-46.0%), from €12,348 to €6,670
- Financial charges -€1,028
down €1,028 (-24.1%), from €4,272 to €3,243
- Financial income -€280
down €280 (-100%), from €280 to €0
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 | €94,529 | €95,222 | +€693 | +0.7% |
| Fixed assets | 21/28 | €92,408 | €82,203 | -€10,205 | -11.0% |
| Tangible fixed assets | 22/27 | €92,408 | €82,203 | -€10,205 | -11.0% |
| Land and buildings | 22 | €71,703 | €67,828 | -€3,875 | -5.4% |
| Plant, machinery and equipment | 23 | €1,392 | €1,054 | -€338 | -24.3% |
| Furniture and vehicles | 24 | €19,313 | €13,320 | -€5,993 | -31.0% |
| Current assets | 29/58 | €2,121 | €13,019 | +€10,898 | +514% |
| Amounts receivable within one year | 40/41 | €1,877 | €12,639 | +€10,762 | +573% |
| Trade receivables | 40 | €1,083 | €11,827 | +€10,745 | +992% |
| Other amounts receivable | 41 | €795 | €812 | +€17 | +2.1% |
| Cash at bank and in hand | 54/58 | €243 | €17 | -€226 | -93.2% |
| Deferred charges and accrued income | 490/1 | - | €363 | +€363 | |
| Total equity and liabilities | 10/49 | €94,529 | €95,222 | +€693 | +0.7% |
| Equity | 10/15 | -€26,231 | -€43,535 | -€17,304 | -66.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,731 | -€46,035 | -€17,304 | -60.2% |
| Amounts payable | 17/49 | €120,760 | €138,757 | +€17,996 | +14.9% |
| Amounts payable after more than one year | 17 | €55,818 | €49,560 | -€6,259 | -11.2% |
| Financial debts | 170/4 | €55,818 | €49,560 | -€6,259 | -11.2% |
| Amounts payable within one year | 42/48 | €64,942 | €89,197 | +€24,255 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €9,940 | €6,259 | -€3,681 | -37.0% |
| Trade debts | 44 | €5,705 | €10,721 | +€5,016 | +87.9% |
| Suppliers | 440/4 | €5,705 | €10,721 | +€5,016 | +87.9% |
| Advances received on contracts in progress | 46 | €965 | €965 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,814 | €20,647 | +€1,834 | +9.7% |
| Taxes | 450/3 | €18,814 | €20,647 | +€1,834 | +9.7% |
| Other amounts payable | 47/48 | €29,518 | €50,605 | +€21,087 | +71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,348 | €6,670 | -€5,678 | -46.0% |
| Other operating charges | 640/8 | €22,090 | €2,692 | -€19,398 | -87.8% |
| Non-recurring operating charges | 66A | - | €17,835 | +€17,835 | |
| Gross operating margin | 9900 | -€23,231 | €13,136 | +€36,367 | |
| Operating profit (loss) | 9901 | -€57,669 | -€14,060 | +€43,608 | +75.6% |
| Financial income | 75/76B | €280 | €0 | -€280 | -100% |
| Recurring financial income | 75 | €280 | €0 | -€280 | -100% |
| Financial charges | 65/66B | €4,272 | €3,243 | -€1,028 | -24.1% |
| Recurring financial charges | 65 | €4,272 | €3,243 | -€1,028 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€61,661 | -€17,304 | +€44,357 | +71.9% |
| Income taxes | 67/77 | €40 | €0 | -€40 | -100% |
| Profit (loss) for the period | 9904 | -€61,701 | -€17,304 | +€44,397 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,701 | -€17,304 | +€44,397 | +72.0% |
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 30 October 2026 via checked.be.