BUREAU D. VERSOLATO: 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.
What changed
BUREAU D. VERSOLATO
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,543
2024 · €16,260+€7,283
Equity
€143,365
2024 · €137,822+€5,543
Cash
€23,358
2024 · €23,678-€320
Balance sheet total
€188,448
2024 · €198,561-€10,113
Largest movements
Assets
- Tangible fixed assets -€7,786
down €7,786 (-27.6%), from €28,217 to €20,431
- Receivables after one year -€7,000
down €7,000 (-8.5%), from €82,000 to €75,000
- Receivables within one year +€4,895
up €4,895 (+7.8%), from €62,538 to €67,433
of which Trade receivables: +€8,277
Equity and liabilities
- Tax, wage and social debts -€8,380
down €8,380 (-35.0%), from €23,917 to €15,537
of which Taxes: -€7,290
- Debts after one year -€6,161
down €6,161 (-92.4%), from €6,667 to €506
- Profit (loss) carried forward +€5,543
up €5,543 (+51.5%), from €10,762 to €16,305
Income statement
- Gross operating margin +€7,560
up €7,560 (+8.9%), from €84,783 to €92,343
- Taxes +€1,583
up €1,583 (+26.7%), from €5,928 to €7,511
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.
Result 2024
€16,260
Gross operating margin
+€7,560
Staff costs
+€583
Depreciation
-€301
Other operating charges
+€35
Other operating items
+€318
Financial income
+€18
Financial charges
+€652
Taxes
-€1,583
Result 2025
€23,543
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€26,072
Investment
-€1,950
Financing
-€24,442
Cash 2024
€23,678
From operations (derived)
+€26,072
Net result for the year
+€23,543
Depreciation
+€9,736
Receivables after one year
+€7,000
Receivables within one year
-€4,895
Deferred charges and accrued income
-€99
Trade debts
-€40
Tax, wage and social debts
-€8,380
Other debts
-€1,400
Accrued charges and deferred income
+€606
Investment (derived)
-€1,950
Investment in fixed assets (net)
-€1,950
Financing
-€24,442
Debts after one year
-€6,161
Current portion of long-term debt
-€282
Contributions, distributions and other
-€18,000
Cash 2025
€23,358
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,561 | €188,448 | -€10,113 | -5.1% |
| Fixed assets | 21/28 | €28,382 | €20,596 | -€7,786 | -27.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €28,217 | €20,431 | -€7,786 | -27.6% |
| Plant, machinery and equipment | 23 | €4,190 | €2,095 | -€2,095 | -50.0% |
| Furniture and vehicles | 24 | €18,409 | €15,227 | -€3,181 | -17.3% |
| Leasing and similar rights | 25 | €5,618 | €3,108 | -€2,510 | -44.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €170,179 | €167,852 | -€2,326 | -1.4% |
| Amounts receivable after more than one year | 29 | €82,000 | €75,000 | -€7,000 | -8.5% |
| Other amounts receivable | 291 | €82,000 | €75,000 | -€7,000 | -8.5% |
| Amounts receivable within one year | 40/41 | €62,538 | €67,433 | +€4,895 | +7.8% |
| Trade receivables | 40 | €44,366 | €52,643 | +€8,277 | +18.7% |
| Other amounts receivable | 41 | €18,172 | €14,790 | -€3,383 | -18.6% |
| Cash at bank and in hand | 54/58 | €23,678 | €23,358 | -€320 | -1.4% |
| Deferred charges and accrued income | 490/1 | €1,963 | €2,062 | +€99 | +5.0% |
| Total equity and liabilities | 10/49 | €198,561 | €188,448 | -€10,113 | -5.1% |
| Equity | 10/15 | €137,822 | €143,365 | +€5,543 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108,460 | €108,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €106,600 | €106,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,762 | €16,305 | +€5,543 | +51.5% |
| Amounts payable | 17/49 | €60,739 | €45,083 | -€15,656 | -25.8% |
| Amounts payable after more than one year | 17 | €6,667 | €506 | -€6,161 | -92.4% |
| Financial debts | 170/4 | €6,667 | €506 | -€6,161 | -92.4% |
| Amounts payable within one year | 42/48 | €54,035 | €43,933 | -€10,102 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €6,442 | €6,161 | -€282 | -4.4% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €9,675 | €9,636 | -€40 | -0.4% |
| Suppliers | 440/4 | €9,675 | €9,636 | -€40 | -0.4% |
| Taxes, remuneration and social security | 45 | €23,917 | €15,537 | -€8,380 | -35.0% |
| Taxes | 450/3 | €17,284 | €9,994 | -€7,290 | -42.2% |
| Remuneration and social security | 454/9 | €6,633 | €5,543 | -€1,090 | -16.4% |
| Other amounts payable | 47/48 | €14,000 | €12,600 | -€1,400 | -10.0% |
| Accrued charges and deferred income | 492/3 | €38 | €644 | +€606 | +1,617% |
| Turnover | 70 | €0 | - | = | |
| Non-recurring operating income | 76A | €2 | €3 | +€2 | +102% |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €49,231 | €48,648 | -€583 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,435 | €9,736 | +€301 | +3.2% |
| Other operating charges | 640/8 | €1,044 | €1,008 | -€35 | -3.4% |
| Non-recurring operating charges | 66A | €568 | €250 | -€318 | -56.0% |
| Gross operating margin | 9900 | €84,783 | €92,343 | +€7,560 | +8.9% |
| Operating profit (loss) | 9901 | €24,505 | €32,701 | +€8,196 | +33.4% |
| Financial income | 75/76B | €111 | €130 | +€18 | +16.4% |
| Recurring financial income | 75 | €111 | €130 | +€18 | +16.4% |
| Financial charges | 65/66B | €2,428 | €1,775 | -€652 | -26.9% |
| Recurring financial charges | 65 | €2,428 | €1,775 | -€652 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €22,189 | €31,055 | +€8,866 | +40.0% |
| Income taxes | 67/77 | €5,928 | €7,511 | +€1,583 | +26.7% |
| Profit (loss) for the period | 9904 | €16,260 | €23,543 | +€7,283 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,260 | €23,543 | +€7,283 | +44.8% |
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 25 October 2026 via checked.be.