Aannemingen Versluys: 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.
Aannemingen Versluys
Largest movements
- Stocks and contracts +€120,000
up €120,000 (+121%), from €99,053 to €219,053
- Cash -€45,116
down €45,116 (-26.2%), from €171,975 to €126,859
mainly Trade debts (-€258,213) and Stocks and contracts (-€120,000)
- Tangible fixed assets -€39,409
down €39,409 (-28.2%), from €139,928 to €100,519
of which Furniture and vehicles: -€23,730
- Receivables within one year -€29,770
down €29,770 (-4.3%), from €692,342 to €662,572
of which Other amounts receivable: -€44,506
- Other debts +€295,519
up €295,519 (+584%), from €50,632 to €346,150
- Trade debts -€258,213
down €258,213 (-42.9%), from €602,224 to €344,011
- Debts after one year -€22,544
down €22,544 (-76.3%), from €29,564 to €7,020
- Tax, wage and social debts -€14,705
down €14,705 (-43.6%), from €33,755 to €19,050
of which Taxes: -€18,335
- Reserves +€13,475
up €13,475 (+27.0%), from €49,932 to €63,407
of which Distributable reserves: +€13,475
- Staff costs +€49,779
up €49,779 (+14.0%), from €355,957 to €405,736
- Gross operating margin +€25,612
up €25,612 (+5.4%), from €474,177 to €499,789
- Other operating charges -€16,531
down €16,531 (-38.7%), from €42,757 to €26,225
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 | €1,178,740 | €1,183,799 | +€5,059 | +0.4% |
| Fixed assets | 21/28 | €141,804 | €101,339 | -€40,466 | -28.5% |
| Tangible fixed assets | 22/27 | €139,928 | €100,519 | -€39,409 | -28.2% |
| Plant, machinery and equipment | 23 | €73,407 | €57,728 | -€15,679 | -21.4% |
| Furniture and vehicles | 24 | €66,521 | €42,791 | -€23,730 | -35.7% |
| Financial fixed assets | 28 | €1,876 | €819 | -€1,057 | -56.3% |
| Current assets | 29/58 | €1,036,936 | €1,082,460 | +€45,525 | +4.4% |
| Amounts receivable after more than one year | 29 | €26,129 | €25,307 | -€822 | -3.1% |
| Other amounts receivable | 291 | €26,129 | €25,307 | -€822 | -3.1% |
| Stocks and contracts in progress | 3 | €99,053 | €219,053 | +€120,000 | +121% |
| Stocks | 30/36 | €99,053 | €219,053 | +€120,000 | +121% |
| Amounts receivable within one year | 40/41 | €692,342 | €662,572 | -€29,770 | -4.3% |
| Trade receivables | 40 | €515,939 | €530,675 | +€14,737 | +2.9% |
| Other amounts receivable | 41 | €176,404 | €131,897 | -€44,506 | -25.2% |
| Cash at bank and in hand | 54/58 | €171,975 | €126,859 | -€45,116 | -26.2% |
| Deferred charges and accrued income | 490/1 | €47,437 | €48,668 | +€1,232 | +2.6% |
| Total equity and liabilities | 10/49 | €1,178,740 | €1,183,799 | +€5,059 | +0.4% |
| Equity | 10/15 | €431,547 | €445,022 | +€13,475 | +3.1% |
| Contributions | 10/11 | €238,000 | €238,000 | = | 0.0% |
| Reserves | 13 | €49,932 | €63,407 | +€13,475 | +27.0% |
| Non-distributable reserves | 130/1 | €23,575 | €23,575 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,575 | €23,575 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,342 | €18,342 | = | 0.0% |
| Distributable reserves | 133 | €8,015 | €21,491 | +€13,475 | +168% |
| Profit (loss) carried forward | 14 | €143,615 | €143,615 | = | 0.0% |
| Amounts payable | 17/49 | €747,193 | €738,776 | -€8,417 | -1.1% |
| Amounts payable after more than one year | 17 | €29,564 | €7,020 | -€22,544 | -76.3% |
| Financial debts | 170/4 | €29,564 | €7,020 | -€22,544 | -76.3% |
| Amounts payable within one year | 42/48 | €717,629 | €731,756 | +€14,128 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €31,018 | €22,544 | -€8,473 | -27.3% |
| Trade debts | 44 | €602,224 | €344,011 | -€258,213 | -42.9% |
| Suppliers | 440/4 | €602,224 | €344,011 | -€258,213 | -42.9% |
| Taxes, remuneration and social security | 45 | €33,755 | €19,050 | -€14,705 | -43.6% |
| Taxes | 450/3 | €25,810 | €7,475 | -€18,335 | -71.0% |
| Remuneration and social security | 454/9 | €7,945 | €11,575 | +€3,630 | +45.7% |
| Other amounts payable | 47/48 | €50,632 | €346,150 | +€295,519 | +584% |
| Non-recurring operating income | 76A | €17,811 | - | -€17,811 | |
| Remuneration, social security and pensions | 62 | €355,957 | €405,736 | +€49,779 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,762 | €48,048 | -€714 | -1.5% |
| Other operating charges | 640/8 | €42,757 | €26,225 | -€16,531 | -38.7% |
| Non-recurring operating charges | 66A | €17,811 | - | -€17,811 | |
| Gross operating margin | 9900 | €474,177 | €499,789 | +€25,612 | +5.4% |
| Operating profit (loss) | 9901 | €8,891 | €19,781 | +€10,890 | +122% |
| Financial income | 75/76B | €1,900 | €1,681 | -€219 | -11.5% |
| Recurring financial income | 75 | €1,900 | €1,681 | -€219 | -11.5% |
| Financial charges | 65/66B | €2,412 | €936 | -€1,476 | -61.2% |
| Recurring financial charges | 65 | €2,412 | €936 | -€1,476 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | €8,379 | €20,526 | +€12,147 | +145% |
| Income taxes | 67/77 | €2,550 | €7,050 | +€4,500 | +176% |
| Profit (loss) for the period | 9904 | €5,829 | €13,475 | +€7,647 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €5,829 | €13,475 | +€7,647 | +131% |
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.