VISUALMETA4: what changed
VISUALMETA4
Largest movements
- Cash +€165,341
up €165,341 (+39.8%), from €415,647 to €580,989
mainly Current investments (+€150,000) and Receivables within one year (+€79,193)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year -€79,193
down €79,193 (-74.1%), from €106,889 to €27,696
of which Other amounts receivable: -€46,601
- Tangible fixed assets -€16,982
down €16,982 (-16.6%), from €102,578 to €85,596
of which Furniture and vehicles: -€10,212
- Other debts -€46,086
down €46,086 (-37.7%), from €122,375 to €76,289
- Reserves -€21,500
down €21,500 (-4.0%), from €535,589 to €514,089
- Tax, wage and social debts -€14,525
down €14,525 (-44.0%), from €33,034 to €18,508
- Gross operating margin +€23,823
up €23,823 (+32.4%), from €73,633 to €97,456
- Taxes +€7,395
up €7,395 (+53.8%), from €13,734 to €21,129
- Financial income +€5,921
up €5,921 (+414%), from €1,430 to €7,351
- Depreciation +€2,161
up €2,161 (+9.0%), from €24,019 to €26,179
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 | €782,477 | €700,690 | -€81,787 | -10.5% |
| Fixed assets | 21/28 | €109,941 | €92,005 | -€17,935 | -16.3% |
| Intangible fixed assets | 21 | €7,363 | €6,409 | -€953 | -12.9% |
| Tangible fixed assets | 22/27 | €102,578 | €85,596 | -€16,982 | -16.6% |
| Plant, machinery and equipment | 23 | €31,125 | €24,356 | -€6,770 | -21.7% |
| Furniture and vehicles | 24 | €71,453 | €61,240 | -€10,212 | -14.3% |
| Current assets | 29/58 | €672,536 | €608,685 | -€63,851 | -9.5% |
| Amounts receivable within one year | 40/41 | €106,889 | €27,696 | -€79,193 | -74.1% |
| Trade receivables | 40 | €59,706 | €27,114 | -€32,592 | -54.6% |
| Other amounts receivable | 41 | €47,183 | €582 | -€46,601 | -98.8% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €415,647 | €580,989 | +€165,341 | +39.8% |
| Total equity and liabilities | 10/49 | €782,477 | €700,690 | -€81,787 | -10.5% |
| Equity | 10/15 | €576,476 | €555,024 | -€21,452 | -3.7% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €535,589 | €514,089 | -€21,500 | -4.0% |
| Distributable reserves | 133 | €535,589 | €514,089 | -€21,500 | -4.0% |
| Profit (loss) carried forward | 14 | €26,887 | €26,935 | +€48 | +0.2% |
| Amounts payable | 17/49 | €206,001 | €145,666 | -€60,335 | -29.3% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,001 | €95,666 | -€60,335 | -38.7% |
| Trade debts | 44 | €592 | €868 | +€276 | +46.6% |
| Suppliers | 440/4 | €592 | €868 | +€276 | +46.6% |
| Taxes, remuneration and social security | 45 | €33,034 | €18,508 | -€14,525 | -44.0% |
| Taxes | 450/3 | €33,034 | €18,508 | -€14,525 | -44.0% |
| Other amounts payable | 47/48 | €122,375 | €76,289 | -€46,086 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,019 | €26,179 | +€2,161 | +9.0% |
| Other operating charges | 640/8 | €770 | €1,593 | +€824 | +107% |
| Gross operating margin | 9900 | €73,633 | €97,456 | +€23,823 | +32.4% |
| Operating profit (loss) | 9901 | €48,845 | €69,683 | +€20,839 | +42.7% |
| Financial income | 75/76B | €1,430 | €7,351 | +€5,921 | +414% |
| Recurring financial income | 75 | €1,430 | €7,351 | +€5,921 | +414% |
| Financial charges | 65/66B | €417 | €357 | -€60 | -14.3% |
| Recurring financial charges | 65 | €417 | €357 | -€60 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €49,858 | €76,677 | +€26,820 | +53.8% |
| Income taxes | 67/77 | €13,734 | €21,129 | +€7,395 | +53.8% |
| Profit (loss) for the period | 9904 | €36,124 | €55,548 | +€19,424 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,124 | €55,548 | +€19,424 | +53.8% |
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 8 November 2026 via checked.be.