VERS: 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.
VERS
Largest movements
- Tangible fixed assets +€8,615
up €8,615 (+30.3%), from €28,391 to €37,006
of which Plant, machinery and equipment: +€8,631
- Cash -€6,110
down €6,110 (-19.2%), from €31,771 to €25,661
mainly Other debts (-€19,708) and Investment in fixed assets (net) (-€15,696)
- Receivables within one year +€2,631
up €2,631 (+144.6%), from €1,820 to €4,450
of which Other amounts receivable: +€3,839
- Reserves +€24,466
up €24,466 (+33.1%), from €73,863 to €98,329
- Other debts -€19,708
down €19,708 (-100.0%), from €19,708 to €0
- Tax, wage and social debts +€4,582
up €4,582 (+61.5%), from €7,447 to €12,029
- Current portion of long-term debt -€1,809
down €1,809 (-100.0%), from €1,809 to €0
- Trade debts -€1,607
down €1,607 (-22.1%), from €7,274 to €5,666
- Gross operating margin +€13,410
up €13,410 (+40.5%), from €33,096 to €46,506
- Taxes +€4,286
up €4,286 (+80.6%), from €5,315 to €9,601
- Financial charges +€1,835
up €1,835 (+82.8%), from €2,216 to €4,051
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.
Cash bridge derived
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 | €115,329 | €121,100 | +€5,770 | +5.0% |
| Fixed assets | 21/28 | €28,391 | €37,006 | +€8,615 | +30.3% |
| Tangible fixed assets | 22/27 | €28,391 | €37,006 | +€8,615 | +30.3% |
| Land and buildings | 22 | €14,903 | €15,845 | +€942 | +6.3% |
| Plant, machinery and equipment | 23 | €10,011 | €18,643 | +€8,631 | +86.2% |
| Furniture and vehicles | 24 | €3,477 | €2,518 | -€959 | -27.6% |
| Current assets | 29/58 | €86,938 | €84,094 | -€2,845 | -3.3% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,820 | €4,450 | +€2,631 | +144.6% |
| Trade receivables | 40 | €1,820 | €612 | -€1,208 | -66.4% |
| Other amounts receivable | 41 | €0 | €3,839 | +€3,839 | |
| Current investments | 50/53 | €50,348 | €50,733 | +€385 | +0.8% |
| Cash at bank and in hand | 54/58 | €31,771 | €25,661 | -€6,110 | -19.2% |
| Deferred charges and accrued income | 490/1 | €0 | €250 | +€250 | |
| Total equity and liabilities | 10/49 | €115,329 | €121,100 | +€5,770 | +5.0% |
| Equity | 10/15 | €78,863 | €103,329 | +€24,466 | +31.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €73,863 | €98,329 | +€24,466 | +33.1% |
| Distributable reserves | 133 | €73,863 | €98,329 | +€24,466 | +33.1% |
| Amounts payable | 17/49 | €36,466 | €17,770 | -€18,696 | -51.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €36,428 | €17,695 | -€18,733 | -51.4% |
| Current portion of amounts payable after more than one year | 42 | €1,809 | €0 | -€1,809 | -100.0% |
| Financial debts | 43 | €190 | €0 | -€190 | -100.0% |
| Credit institutions | 430/8 | €190 | €0 | -€190 | -100.0% |
| Trade debts | 44 | €7,274 | €5,666 | -€1,607 | -22.1% |
| Suppliers | 440/4 | €7,274 | €5,666 | -€1,607 | -22.1% |
| Taxes, remuneration and social security | 45 | €7,447 | €12,029 | +€4,582 | +61.5% |
| Taxes | 450/3 | €7,447 | €12,029 | +€4,582 | +61.5% |
| Other amounts payable | 47/48 | €19,708 | €0 | -€19,708 | -100.0% |
| Accrued charges and deferred income | 492/3 | €37 | €75 | +€37 | +99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,067 | €7,081 | +€14 | +0.2% |
| Other operating charges | 640/8 | €2,177 | €1,885 | -€292 | -13.4% |
| Gross operating margin | 9900 | €33,096 | €46,506 | +€13,410 | +40.5% |
| Operating profit (loss) | 9901 | €23,853 | €37,540 | +€13,687 | +57.4% |
| Financial income | 75/76B | €436 | €577 | +€142 | +32.5% |
| Recurring financial income | 75 | €436 | €577 | +€142 | +32.5% |
| Financial charges | 65/66B | €2,216 | €4,051 | +€1,835 | +82.8% |
| Recurring financial charges | 65 | €2,216 | €4,051 | +€1,835 | +82.8% |
| Profit (loss) for the period before taxes | 9903 | €22,073 | €34,066 | +€11,994 | +54.3% |
| Income taxes | 67/77 | €5,315 | €9,601 | +€4,286 | +80.6% |
| Profit (loss) for the period | 9904 | €16,758 | €24,466 | +€7,708 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,758 | €24,466 | +€7,708 | +46.0% |
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 10 October 2026 via checked.be.