NEW VERSAILLES: 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
NEW VERSAILLES
NACE 46.425, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€32,490
2024 · €24,127+€8,363
Equity
€206,748
2024 · €174,258+€32,490
Cash
€2,620
2024 · €36,416-€33,797
Balance sheet total
€991,282
2024 · €982,967+€8,315
Largest movements
Assets
- Stocks and contracts +€37,688
up €37,688 (+4.6%), from €813,932 to €851,619
- Cash -€33,797
down €33,797 (-92.8%), from €36,416 to €2,620
mainly Stocks and contracts (-€37,688) and Other debts (-€37,550)
Equity and liabilities
- Other debts -€37,550
down €37,550 (-8.1%), from €461,603 to €424,053
- Profit (loss) carried forward +€32,490
up €32,490, from -€30,636 to €1,855
- Trade debts +€26,266
up €26,266 (+17.8%), from €147,274 to €173,540
- Debts after one year -€22,224
down €22,224 (-75.0%), from €29,616 to €7,392
- Current portion of long-term debt +€10,163
up €10,163 (+45.7%), from €22,224 to €32,387
Income statement
- Write-downs -€21,983
down €21,983 (-60.6%), from €36,282 to €14,298
- Gross operating margin -€10,647
down €10,647 (-6.6%), from €162,168 to €151,521
- Financial charges +€2,404
up €2,404 (+18.3%), from €13,159 to €15,564
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
€24,127
Gross operating margin
-€10,647
Staff costs
-€1,587
Depreciation
+€785
Write-downs
+€21,983
Other operating charges
+€263
Financial income
+€15
Financial charges
-€2,404
Taxes
-€45
Result 2025
€32,490
raises the resultlowers the result
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
+€295
Investment
-€24,061
Financing
-€10,030
Cash 2024
€36,416
From operations (derived)
+€295
Net result for the year
+€32,490
Depreciation
+€24,451
Stocks and contracts
-€37,688
Receivables within one year
-€4,776
Deferred charges and accrued income
-€37
Trade debts
+€26,266
Tax, wage and social debts
-€2,860
Other debts
-€37,550
Investment (derived)
-€24,061
Investment in fixed assets (net)
-€24,061
Financing
-€10,030
Debts after one year
-€22,224
Current portion of long-term debt
+€10,163
Short-term financial debts
+€2,031
Cash 2025
€2,620
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €982,967 | €991,282 | +€8,315 | +0.8% |
| Fixed assets | 21/28 | €130,750 | €130,361 | -€389 | -0.3% |
| Tangible fixed assets | 22/27 | €130,750 | €130,361 | -€389 | -0.3% |
| Land and buildings | 22 | €105,187 | €109,726 | +€4,539 | +4.3% |
| Furniture and vehicles | 24 | €25,564 | €20,635 | -€4,929 | -19.3% |
| Current assets | 29/58 | €852,216 | €860,920 | +€8,704 | +1.0% |
| Stocks and contracts in progress | 3 | €813,932 | €851,619 | +€37,688 | +4.6% |
| Stocks | 30/36 | €813,932 | €851,619 | +€37,688 | +4.6% |
| Amounts receivable within one year | 40/41 | €724 | €5,501 | +€4,776 | +660% |
| Trade receivables | 40 | €280 | €1,489 | +€1,209 | +431% |
| Other amounts receivable | 41 | €444 | €4,011 | +€3,567 | +804% |
| Cash at bank and in hand | 54/58 | €36,416 | €2,620 | -€33,797 | -92.8% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,181 | +€37 | +3.2% |
| Total equity and liabilities | 10/49 | €982,967 | €991,282 | +€8,315 | +0.8% |
| Equity | 10/15 | €174,258 | €206,748 | +€32,490 | +18.6% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €18,894 | €18,894 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,615 | €9,615 | = | 0.0% |
| Legal reserve | 130 | €9,615 | €9,615 | = | 0.0% |
| Distributable reserves | 133 | €9,279 | €9,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,636 | €1,855 | +€32,490 | |
| Amounts payable | 17/49 | €808,709 | €784,533 | -€24,176 | -3.0% |
| Amounts payable after more than one year | 17 | €29,616 | €7,392 | -€22,224 | -75.0% |
| Financial debts | 170/4 | €29,616 | €7,392 | -€22,224 | -75.0% |
| Amounts payable within one year | 42/48 | €779,093 | €777,141 | -€1,952 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €22,224 | €32,387 | +€10,163 | +45.7% |
| Financial debts | 43 | €97,969 | €100,000 | +€2,031 | +2.1% |
| Credit institutions | 430/8 | €97,969 | €100,000 | +€2,031 | +2.1% |
| Trade debts | 44 | €147,274 | €173,540 | +€26,266 | +17.8% |
| Suppliers | 440/4 | €147,274 | €173,540 | +€26,266 | +17.8% |
| Taxes, remuneration and social security | 45 | €50,022 | €47,161 | -€2,860 | -5.7% |
| Taxes | 450/3 | €42,973 | €39,547 | -€3,426 | -8.0% |
| Remuneration and social security | 454/9 | €7,049 | €7,614 | +€565 | +8.0% |
| Other amounts payable | 47/48 | €461,603 | €424,053 | -€37,550 | -8.1% |
| Remuneration, social security and pensions | 62 | €60,626 | €62,213 | +€1,587 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,235 | €24,451 | -€785 | -3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,282 | €14,298 | -€21,983 | -60.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,671 | €2,409 | -€263 | -9.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €162,168 | €151,521 | -€10,647 | -6.6% |
| Operating profit (loss) | 9901 | €37,353 | €48,151 | +€10,797 | +28.9% |
| Financial income | 75/76B | €48 | €64 | +€15 | +31.5% |
| Recurring financial income | 75 | €48 | €64 | +€15 | +31.5% |
| Financial charges | 65/66B | €13,159 | €15,564 | +€2,404 | +18.3% |
| Recurring financial charges | 65 | €13,159 | €15,564 | +€2,404 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €24,242 | €32,651 | +€8,408 | +34.7% |
| Income taxes | 67/77 | €115 | €160 | +€45 | +39.1% |
| Profit (loss) for the period | 9904 | €24,127 | €32,490 | +€8,363 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,127 | €32,490 | +€8,363 | +34.7% |
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 16 October 2026 via checked.be.