LE VERSEUIL: 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.
LE VERSEUIL
Largest movements
- Current investments +€198,428
new in 2025: €198,428
- Cash -€105,689
down €105,689 (-15.4%), from €684,805 to €579,116
mainly Contributions, distributions and other (-€240,000) and Current investments (-€198,428)
- Receivables after one year +€104,937
new in 2025: €104,937
- Tangible fixed assets -€63,356
down €63,356 (-6.5%), from €968,990 to €905,634
of which Land and buildings: -€36,214
- Deferred charges and accrued income +€24,994
up €24,994 (+146%), from €17,096 to €42,090
- Tax, wage and social debts +€124,946
up €124,946 (+19.1%), from €655,885 to €780,831
of which Remuneration and social security: +€70,430
- Short-term financial debts +€92,433
up €92,433 (+69.0%), from €133,880 to €226,314
- Debts after one year -€59,326
down €59,326 (-33.1%), from €178,963 to €119,637
- Other debts +€38,472
up €38,472 (+28.3%), from €136,107 to €174,580
- Current portion of long-term debt -€29,549
down €29,549 (-31.8%), from €92,804 to €63,254
- Gross operating margin +€544,332
up €544,332 (+21.9%), from €2.5m to €3.0m
- Staff costs +€342,341
up €342,341 (+16.0%), from €2.1m to €2.5m
- Taxes +€70,920
up €70,920 (+114%), from €62,440 to €133,360
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 | €2,007,901 | €2,188,522 | +€180,621 | +9.0% |
| Fixed assets | 21/28 | €968,990 | €905,634 | -€63,356 | -6.5% |
| Tangible fixed assets | 22/27 | €968,990 | €905,634 | -€63,356 | -6.5% |
| Land and buildings | 22 | €629,427 | €593,213 | -€36,214 | -5.8% |
| Plant, machinery and equipment | 23 | €309,191 | €279,463 | -€29,728 | -9.6% |
| Furniture and vehicles | 24 | €30,372 | €32,957 | +€2,586 | +8.5% |
| Current assets | 29/58 | €1,038,912 | €1,282,888 | +€243,977 | +23.5% |
| Amounts receivable after more than one year | 29 | - | €104,937 | +€104,937 | |
| Other amounts receivable | 291 | - | €104,937 | +€104,937 | |
| Amounts receivable within one year | 40/41 | €337,011 | €358,317 | +€21,307 | +6.3% |
| Trade receivables | 40 | €337,011 | €358,317 | +€21,307 | +6.3% |
| Current investments | 50/53 | - | €198,428 | +€198,428 | |
| Cash at bank and in hand | 54/58 | €684,805 | €579,116 | -€105,689 | -15.4% |
| Deferred charges and accrued income | 490/1 | €17,096 | €42,090 | +€24,994 | +146% |
| Total equity and liabilities | 10/49 | €2,007,901 | €2,188,522 | +€180,621 | +9.0% |
| Equity | 10/15 | €687,903 | €696,257 | +€8,354 | +1.2% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €625,403 | €633,757 | +€8,354 | +1.3% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €619,153 | €627,507 | +€8,354 | +1.3% |
| Amounts payable | 17/49 | €1,319,998 | €1,492,265 | +€172,266 | +13.1% |
| Amounts payable after more than one year | 17 | €178,963 | €119,637 | -€59,326 | -33.1% |
| Financial debts | 170/4 | €178,963 | €119,637 | -€59,326 | -33.1% |
| Amounts payable within one year | 42/48 | €1,120,302 | €1,371,836 | +€251,533 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €92,804 | €63,254 | -€29,549 | -31.8% |
| Financial debts | 43 | €133,880 | €226,314 | +€92,433 | +69.0% |
| Credit institutions | 430/8 | €133,880 | €226,314 | +€92,433 | +69.0% |
| Trade debts | 44 | €101,626 | €126,857 | +€25,231 | +24.8% |
| Suppliers | 440/4 | €101,626 | €126,857 | +€25,231 | +24.8% |
| Taxes, remuneration and social security | 45 | €655,885 | €780,831 | +€124,946 | +19.1% |
| Taxes | 450/3 | €132,641 | €187,157 | +€54,516 | +41.1% |
| Remuneration and social security | 454/9 | €523,244 | €593,674 | +€70,430 | +13.5% |
| Other amounts payable | 47/48 | €136,107 | €174,580 | +€38,472 | +28.3% |
| Accrued charges and deferred income | 492/3 | €20,734 | €793 | -€19,941 | -96.2% |
| Non-recurring operating income | 76A | €105 | €143 | +€38 | +35.7% |
| Remuneration, social security and pensions | 62 | €2,143,136 | €2,485,477 | +€342,341 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,030 | €91,567 | -€10,463 | -10.3% |
| Other operating charges | 640/8 | €27,495 | €35,365 | +€7,870 | +28.6% |
| Gross operating margin | 9900 | €2,489,525 | €3,033,858 | +€544,332 | +21.9% |
| Operating profit (loss) | 9901 | €216,865 | €421,449 | +€204,584 | +94.3% |
| Financial income | 75/76B | €6 | €5,307 | +€5,300 | +87,178% |
| Recurring financial income | 75 | €6 | €3,569 | +€3,562 | +58,593% |
| Non-recurring financial income | 76B | - | €1,738 | +€1,738 | |
| Financial charges | 65/66B | €26,790 | €45,041 | +€18,250 | +68.1% |
| Recurring financial charges | 65 | €26,790 | €41,726 | +€14,935 | +55.7% |
| Non-recurring financial charges | 66B | - | €3,315 | +€3,315 | |
| Profit (loss) for the period before taxes | 9903 | €190,081 | €381,715 | +€191,634 | +101% |
| Income taxes | 67/77 | €62,440 | €133,360 | +€70,920 | +114% |
| Profit (loss) for the period | 9904 | €127,641 | €248,354 | +€120,714 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €127,641 | €248,354 | +€120,714 | +94.6% |
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 29 October 2026 via checked.be.