VISIUM: what changed
VISIUM
Largest movements
- Receivables within one year -€489,495
down €489,495 (-48.8%), from €1.0m to €514,403
- Stocks and contracts +€360,726
new in 2025: €360,726
- Cash -€45,674
down €45,674 (-68.2%), from €66,924 to €21,251
mainly Stocks and contracts (-€360,726) and Other debts (-€181,656)
- Tangible fixed assets +€18,412
up €18,412 (+248%), from €7,436 to €25,847
of which Furniture and vehicles: +€19,465
- Other debts -€181,656
down €181,656 (-17.9%), from €1.0m to €834,614
- Tax, wage and social debts +€31,877
up €31,877 (+81.1%), from €39,298 to €71,175
- Financial income -€29,000
down €29,000 (-36.7%), from €79,000 to €50,001
- Gross operating margin -€10,213
down €10,213 (-6.1%), from €166,284 to €156,071
- Taxes -€6,170
down €6,170 (-10.1%), from €61,103 to €54,933
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,081,882 | €925,819 | -€156,063 | -14.4% |
| Fixed assets | 21/28 | €9,436 | €27,847 | +€18,412 | +195% |
| Tangible fixed assets | 22/27 | €7,436 | €25,847 | +€18,412 | +248% |
| Furniture and vehicles | 24 | €4,276 | €23,741 | +€19,465 | +455% |
| Other tangible fixed assets | 26 | €3,160 | €2,107 | -€1,053 | -33.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,072,446 | €897,971 | -€174,475 | -16.3% |
| Stocks and contracts in progress | 3 | - | €360,726 | +€360,726 | |
| Stocks | 30/36 | - | €360,726 | +€360,726 | |
| Amounts receivable within one year | 40/41 | €1,003,897 | €514,403 | -€489,495 | -48.8% |
| Other amounts receivable | 41 | €1,003,897 | €514,403 | -€489,495 | -48.8% |
| Cash at bank and in hand | 54/58 | €66,924 | €21,251 | -€45,674 | -68.2% |
| Deferred charges and accrued income | 490/1 | €1,625 | €1,592 | -€33 | -2.0% |
| Total equity and liabilities | 10/49 | €1,081,882 | €925,819 | -€156,063 | -14.4% |
| Equity | 10/15 | €25,571 | €20,000 | -€5,571 | -21.8% |
| Contributions | 10/11 | €22,000 | €20,000 | -€2,000 | -9.1% |
| Profit (loss) carried forward | 14 | €3,571 | - | -€3,571 | |
| Amounts payable | 17/49 | €1,056,311 | €905,819 | -€150,493 | -14.2% |
| Amounts payable within one year | 42/48 | €1,056,311 | €905,819 | -€150,493 | -14.2% |
| Trade debts | 44 | €743 | €29 | -€714 | -96.1% |
| Suppliers | 440/4 | €743 | €29 | -€714 | -96.1% |
| Taxes, remuneration and social security | 45 | €39,298 | €71,175 | +€31,877 | +81.1% |
| Taxes | 450/3 | €39,298 | €71,175 | +€31,877 | +81.1% |
| Other amounts payable | 47/48 | €1,016,271 | €834,614 | -€181,656 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,613 | €6,162 | -€1,451 | -19.1% |
| Other operating charges | 640/8 | €176 | €891 | +€715 | +406% |
| Gross operating margin | 9900 | €166,284 | €156,071 | -€10,213 | -6.1% |
| Operating profit (loss) | 9901 | €158,495 | €149,017 | -€9,477 | -6.0% |
| Financial income | 75/76B | €79,000 | €50,001 | -€29,000 | -36.7% |
| Recurring financial income | 75 | €79,000 | €50,001 | -€29,000 | -36.7% |
| Financial charges | 65/66B | €521 | €268 | -€253 | -48.5% |
| Recurring financial charges | 65 | €521 | €268 | -€253 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €236,974 | €198,750 | -€38,224 | -16.1% |
| Income taxes | 67/77 | €61,103 | €54,933 | -€6,170 | -10.1% |
| Profit (loss) for the period | 9904 | €175,871 | €143,817 | -€32,054 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €175,871 | €143,817 | -€32,054 | -18.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.