@VISORS: what changed
What changed
@VISORS
NACE 62.200, Computer consultancy and computer facilities management
filed annual accounts (NBB)
Net result for the year
€56,013
2024 · €46,429+€9,584
Equity
€178,701
2024 · €122,688+€56,013
Cash
€194,481
2024 · €144,396+€50,086
Balance sheet total
€221,752
2024 · €174,983+€46,769
Largest movements
Assets
- Cash +€50,086
up €50,086 (+34.7%), from €144,396 to €194,481
mainly Net result for the year (+€56,013) and Deferred charges and accrued income (+€4,433)
- Deferred charges and accrued income -€4,433
no longer reported in 2025 (was €4,433)
Equity and liabilities
- Reserves +€56,013
up €56,013 (+48.1%), from €116,488 to €172,501
- Tax, wage and social debts -€10,317
down €10,317 (-27.4%), from €37,683 to €27,366
Income statement
- Gross operating margin +€8,281
up €8,281 (+10.0%), from €82,783 to €91,064
- Taxes -€1,646
down €1,646 (-5.7%), from €29,027 to €27,381
- Depreciation -€917
down €917 (-19.7%), from €4,648 to €3,732
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.
Result 2024
€46,429
Gross operating margin
+€8,281
Staff costs
-€856
Depreciation
+€917
Other operating charges
+€579
Financial income
-€510
Financial charges
-€471
Taxes
+€1,646
Result 2025
€56,013
raises the resultlowers the result
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.
From operations
+€54,432
Investment
-€4,346
Financing
€0
Cash 2024
€144,396
From operations (derived)
+€54,432
Net result for the year
+€56,013
Depreciation
+€3,732
Receivables within one year
-€501
Deferred charges and accrued income
+€4,433
Trade debts
+€350
Tax, wage and social debts
-€10,317
Other debts
+€724
Investment (derived)
-€4,346
Investment in fixed assets (net)
-€4,346
Cash 2025
€194,481
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €174,983 | €221,752 | +€46,769 | +26.7% |
| Fixed assets | 21/28 | €10,597 | €11,212 | +€615 | +5.8% |
| Tangible fixed assets | 22/27 | €10,597 | €11,212 | +€615 | +5.8% |
| Plant, machinery and equipment | 23 | €2,905 | €4,914 | +€2,009 | +69.2% |
| Furniture and vehicles | 24 | €2,360 | €1,964 | -€396 | -16.8% |
| Leasing and similar rights | 25 | - | €4,334 | +€4,334 | |
| Other tangible fixed assets | 26 | €5,333 | - | -€5,333 | |
| Current assets | 29/58 | €164,385 | €210,540 | +€46,154 | +28.1% |
| Stocks and contracts in progress | 3 | €1,929 | €1,929 | = | 0.0% |
| Stocks | 30/36 | €1,929 | €1,929 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,628 | €14,129 | +€501 | +3.7% |
| Trade receivables | 40 | €10,599 | €14,129 | +€3,530 | +33.3% |
| Other amounts receivable | 41 | €3,029 | - | -€3,029 | |
| Cash at bank and in hand | 54/58 | €144,396 | €194,481 | +€50,086 | +34.7% |
| Deferred charges and accrued income | 490/1 | €4,433 | - | -€4,433 | |
| Total equity and liabilities | 10/49 | €174,983 | €221,752 | +€46,769 | +26.7% |
| Equity | 10/15 | €122,688 | €178,701 | +€56,013 | +45.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | - | €6,200 | +€6,200 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €116,488 | €172,501 | +€56,013 | +48.1% |
| Distributable reserves | 133 | €116,488 | €172,501 | +€56,013 | +48.1% |
| Amounts payable | 17/49 | €52,295 | €43,051 | -€9,243 | -17.7% |
| Amounts payable within one year | 42/48 | €52,295 | €43,051 | -€9,243 | -17.7% |
| Trade debts | 44 | - | €350 | +€350 | |
| Suppliers | 440/4 | - | €350 | +€350 | |
| Taxes, remuneration and social security | 45 | €37,683 | €27,366 | -€10,317 | -27.4% |
| Taxes | 450/3 | €37,683 | €27,366 | -€10,317 | -27.4% |
| Other amounts payable | 47/48 | €14,612 | €15,336 | +€724 | +5.0% |
| Remuneration, social security and pensions | 62 | - | €856 | +€856 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,648 | €3,732 | -€917 | -19.7% |
| Other operating charges | 640/8 | €2,788 | €2,209 | -€579 | -20.8% |
| Gross operating margin | 9900 | €82,783 | €91,064 | +€8,281 | +10.0% |
| Operating profit (loss) | 9901 | €75,347 | €84,266 | +€8,919 | +11.8% |
| Financial income | 75/76B | €699 | €189 | -€510 | -73.0% |
| Recurring financial income | 75 | €699 | €189 | -€510 | -73.0% |
| Financial charges | 65/66B | €590 | €1,061 | +€471 | +79.9% |
| Recurring financial charges | 65 | €590 | €1,061 | +€471 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | €75,456 | €83,394 | +€7,938 | +10.5% |
| Income taxes | 67/77 | €29,027 | €27,381 | -€1,646 | -5.7% |
| Profit (loss) for the period | 9904 | €46,429 | €56,013 | +€9,584 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,429 | €56,013 | +€9,584 | +20.6% |
Next steps
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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 7 November 2026 via checked.be.