Peter Versmissen: 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.
Peter Versmissen
Largest movements
- Current investments +€400,000
new in 2025: €400,000
- Cash -€193,446
down €193,446 (-28.6%), from €676,925 to €483,479
mainly Current investments (-€400,000) and Deferred charges and accrued income (-€3,056)
- Reserves +€141,022
up €141,022 (+20.8%), from €678,494 to €819,516
- Tax, wage and social debts +€64,286
up €64,286 (+569%), from €11,300 to €75,587
- Gross operating margin +€20,290
up €20,290 (+11.4%), from €177,940 to €198,231
- Taxes +€10,261
up €10,261 (+19.6%), from €52,480 to €62,741
- Financial income +€9,797
up €9,797 (+580%), from €1,689 to €11,486
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 | €711,070 | €912,867 | +€201,798 | +28.4% |
| Fixed assets | 21/28 | €15,658 | €14,782 | -€876 | -5.6% |
| Tangible fixed assets | 22/27 | €15,658 | €14,782 | -€876 | -5.6% |
| Land and buildings | 22 | €9,392 | €8,874 | -€517 | -5.5% |
| Plant, machinery and equipment | 23 | €2,567 | €2,280 | -€287 | -11.2% |
| Furniture and vehicles | 24 | €3,699 | €3,627 | -€72 | -1.9% |
| Current assets | 29/58 | €695,412 | €898,086 | +€202,674 | +29.1% |
| Amounts receivable within one year | 40/41 | €14,802 | €7,866 | -€6,936 | -46.9% |
| Trade receivables | 40 | €3,242 | - | -€3,242 | |
| Other amounts receivable | 41 | €11,560 | €7,866 | -€3,694 | -32.0% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €676,925 | €483,479 | -€193,446 | -28.6% |
| Deferred charges and accrued income | 490/1 | €3,685 | €6,741 | +€3,056 | +82.9% |
| Total equity and liabilities | 10/49 | €711,070 | €912,867 | +€201,798 | +28.4% |
| Equity | 10/15 | €693,494 | €834,516 | +€141,022 | +20.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €678,494 | €819,516 | +€141,022 | +20.8% |
| Distributable reserves | 133 | €678,494 | €819,516 | +€141,022 | +20.8% |
| Amounts payable | 17/49 | €17,576 | €78,351 | +€60,776 | +346% |
| Amounts payable within one year | 42/48 | €17,576 | €78,351 | +€60,776 | +346% |
| Financial debts | 43 | €1,813 | €22 | -€1,791 | -98.8% |
| Credit institutions | 430/8 | €1,813 | €22 | -€1,791 | -98.8% |
| Trade debts | 44 | €4,463 | €2,742 | -€1,720 | -38.5% |
| Suppliers | 440/4 | €4,463 | €2,742 | -€1,720 | -38.5% |
| Taxes, remuneration and social security | 45 | €11,300 | €75,587 | +€64,286 | +569% |
| Taxes | 450/3 | €11,300 | €75,587 | +€64,286 | +569% |
| Non-recurring operating income | 76A | €9,243 | - | -€9,243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,150 | €2,606 | +€456 | +21.2% |
| Other operating charges | 640/8 | €50 | €106 | +€56 | +112% |
| Gross operating margin | 9900 | €177,940 | €198,231 | +€20,290 | +11.4% |
| Operating profit (loss) | 9901 | €175,740 | €195,519 | +€19,778 | +11.3% |
| Financial income | 75/76B | €1,689 | €11,486 | +€9,797 | +580% |
| Recurring financial income | 75 | €1,689 | €11,486 | +€9,797 | +580% |
| Financial charges | 65/66B | €3,816 | €3,242 | -€574 | -15.0% |
| Recurring financial charges | 65 | €3,816 | €3,242 | -€574 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €173,614 | €203,763 | +€30,149 | +17.4% |
| Income taxes | 67/77 | €52,480 | €62,741 | +€10,261 | +19.6% |
| Profit (loss) for the period | 9904 | €121,134 | €141,022 | +€19,888 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,134 | €141,022 | +€19,888 | +16.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.