S. Versieck: what changed
What changed
S. Versieck
NACE 16.230, Manufacture of other builders' carpentry and joinery
filed annual accounts (NBB)
Net result for the year
€57,950
2024 · €106,472-€48,522
Equity
€1.1m
2024 · €1.1m-€48,396
Cash
€24,436
2024 · €412,075-€387,639
Balance sheet total
€1.1m
2024 · €1.2m-€26,378
Largest movements
Assets
- Current investments +€418,829
up €418,829 (+475%), from €88,214 to €507,043
- Cash -€387,639
down €387,639 (-94.1%), from €412,075 to €24,436
mainly Current investments (-€418,829) and Contributions, distributions and other (-€106,346)
- Receivables within one year -€52,933
down €52,933 (-75.3%), from €70,294 to €17,361
of which Trade receivables: -€39,922
Equity and liabilities
- Reserves -€48,396
down €48,396 (-9.2%), from €527,597 to €479,201
- Other debts +€40,049
up €40,049 (+374%), from €10,718 to €50,767
- Trade debts -€18,878
down €18,878 (-79.7%), from €23,678 to €4,800
Income statement
- Gross operating margin -€75,851
down €75,851 (-31.2%), from €243,413 to €167,562
- Taxes -€13,265
down €13,265 (-32.8%), from €40,396 to €27,131
- Financial income +€5,710
up €5,710 (+143%), from €3,993 to €9,703
- Financial charges -€5,199
down €5,199 (-81.3%), from €6,394 to €1,195
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€106,472
Gross operating margin
-€75,851
Staff costs
+€2,322
Depreciation
+€1,319
Other operating charges
-€487
Financial income
+€5,710
Financial charges
+€5,199
Taxes
+€13,265
Result 2025
€57,950
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€156,964
Investment
-€438,257
Financing
-€106,346
Cash 2024
€412,075
From operations (derived)
+€156,964
Net result for the year
+€57,950
Depreciation
+€23,027
Smaller working-capital items
+€748
Receivables within one year
+€52,933
Deferred charges and accrued income
+€1,136
Trade debts
-€18,878
Other debts
+€40,049
Investment (derived)
-€438,257
Investment in fixed assets (net)
-€19,428
Current investments
-€418,829
Financing
-€106,346
Contributions, distributions and other
-€106,346
Cash 2025
€24,436
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,157,949 | €1,131,571 | -€26,378 | -2.3% |
| Fixed assets | 21/28 | €574,587 | €570,988 | -€3,598 | -0.6% |
| Tangible fixed assets | 22/27 | €574,587 | €570,988 | -€3,598 | -0.6% |
| Land and buildings | 22 | €568,126 | €548,213 | -€19,913 | -3.5% |
| Plant, machinery and equipment | 23 | €2,009 | €18,794 | +€16,785 | +836% |
| Furniture and vehicles | 24 | €4,452 | €3,982 | -€470 | -10.6% |
| Current assets | 29/58 | €583,362 | €560,582 | -€22,780 | -3.9% |
| Stocks and contracts in progress | 3 | €433 | €531 | +€98 | +22.8% |
| Stocks | 30/36 | €433 | €531 | +€98 | +22.8% |
| Amounts receivable within one year | 40/41 | €70,294 | €17,361 | -€52,933 | -75.3% |
| Trade receivables | 40 | €41,988 | €2,065 | -€39,922 | -95.1% |
| Other amounts receivable | 41 | €28,307 | €15,296 | -€13,010 | -46.0% |
| Current investments | 50/53 | €88,214 | €507,043 | +€418,829 | +475% |
| Cash at bank and in hand | 54/58 | €412,075 | €24,436 | -€387,639 | -94.1% |
| Deferred charges and accrued income | 490/1 | €12,347 | €11,212 | -€1,136 | -9.2% |
| Total equity and liabilities | 10/49 | €1,157,949 | €1,131,571 | -€26,378 | -2.3% |
| Equity | 10/15 | €1,122,956 | €1,074,560 | -€48,396 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €527,597 | €479,201 | -€48,396 | -9.2% |
| Distributable reserves | 133 | €527,597 | €479,201 | -€48,396 | -9.2% |
| Profit (loss) carried forward | 14 | €576,759 | €576,759 | = | 0.0% |
| Amounts payable | 17/49 | €34,993 | €57,011 | +€22,018 | +62.9% |
| Amounts payable within one year | 42/48 | €34,894 | €57,011 | +€22,117 | +63.4% |
| Trade debts | 44 | €23,678 | €4,800 | -€18,878 | -79.7% |
| Suppliers | 440/4 | €23,678 | €4,800 | -€18,878 | -79.7% |
| Taxes, remuneration and social security | 45 | €497 | €1,443 | +€946 | +190% |
| Taxes | 450/3 | €497 | €843 | +€346 | +69.5% |
| Remuneration and social security | 454/9 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | €10,718 | €50,767 | +€40,049 | +374% |
| Accrued charges and deferred income | 492/3 | €99 | €0 | -€99 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €63,882 | €61,560 | -€2,322 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,346 | €23,027 | -€1,319 | -5.4% |
| Other operating charges | 640/8 | €5,916 | €6,403 | +€487 | +8.2% |
| Gross operating margin | 9900 | €243,413 | €167,562 | -€75,851 | -31.2% |
| Operating profit (loss) | 9901 | €149,269 | €76,572 | -€72,696 | -48.7% |
| Financial income | 75/76B | €3,993 | €9,703 | +€5,710 | +143% |
| Recurring financial income | 75 | €3,993 | €9,703 | +€5,710 | +143% |
| Financial charges | 65/66B | €6,394 | €1,195 | -€5,199 | -81.3% |
| Recurring financial charges | 65 | €6,394 | €1,195 | -€5,199 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €146,868 | €85,081 | -€61,787 | -42.1% |
| Income taxes | 67/77 | €40,396 | €27,131 | -€13,265 | -32.8% |
| Profit (loss) for the period | 9904 | €106,472 | €57,950 | -€48,522 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,472 | €57,950 | -€48,522 | -45.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.