VERS GEBAK: 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 GEBAK
Largest movements
- Tangible fixed assets -€12,287
down €12,287 (-24.7%), from €49,836 to €37,549
of which Furniture and vehicles: -€12,708
- Receivables within one year +€11,548
up €11,548 (+131%), from €8,787 to €20,334
of which Other amounts receivable: +€13,967
- Stocks and contracts +€1,405
up €1,405 (+10.2%), from €13,780 to €15,186
- Cash +€1,271
up €1,271 (+13.9%), from €9,129 to €10,401
mainly Depreciation (+€14,451) and Trade debts (+€2,315)
- Trade debts +€2,315
up €2,315 (+5.8%), from €40,200 to €42,516
- Gross operating margin +€14,924
up €14,924 (+123%), from €12,151 to €27,075
- Other operating charges +€7,345
up €7,345 (+1,347%), from €545 to €7,891
- Financial charges -€1,094
down €1,094 (-20.0%), from €5,476 to €4,382
- Depreciation +€477
up €477 (+3.4%), from €13,974 to €14,451
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 | €81,831 | €83,619 | +€1,788 | +2.2% |
| Formation expenses | 20 | €299 | €149 | -€149 | -50.0% |
| Fixed assets | 21/28 | €49,836 | €37,549 | -€12,287 | -24.7% |
| Tangible fixed assets | 22/27 | €49,836 | €37,549 | -€12,287 | -24.7% |
| Land and buildings | 22 | €3,961 | €3,543 | -€417 | -10.5% |
| Plant, machinery and equipment | 23 | €2,525 | €3,364 | +€838 | +33.2% |
| Furniture and vehicles | 24 | €43,350 | €30,642 | -€12,708 | -29.3% |
| Current assets | 29/58 | €31,696 | €45,920 | +€14,224 | +44.9% |
| Stocks and contracts in progress | 3 | €13,780 | €15,186 | +€1,405 | +10.2% |
| Stocks | 30/36 | €13,780 | €15,186 | +€1,405 | +10.2% |
| Amounts receivable within one year | 40/41 | €8,787 | €20,334 | +€11,548 | +131% |
| Trade receivables | 40 | €3,079 | €660 | -€2,419 | -78.6% |
| Other amounts receivable | 41 | €5,707 | €19,674 | +€13,967 | +245% |
| Cash at bank and in hand | 54/58 | €9,129 | €10,401 | +€1,271 | +13.9% |
| Total equity and liabilities | 10/49 | €81,831 | €83,619 | +€1,788 | +2.2% |
| Equity | 10/15 | €36,743 | €37,219 | +€476 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,143 | €18,619 | +€476 | +2.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,283 | €16,759 | +€476 | +2.9% |
| Amounts payable | 17/49 | €45,089 | €46,400 | +€1,312 | +2.9% |
| Amounts payable within one year | 42/48 | €45,089 | €46,400 | +€1,312 | +2.9% |
| Trade debts | 44 | €40,200 | €42,516 | +€2,315 | +5.8% |
| Suppliers | 440/4 | €40,200 | €42,516 | +€2,315 | +5.8% |
| Taxes, remuneration and social security | 45 | €4,166 | €3,885 | -€281 | -6.7% |
| Taxes | 450/3 | €4,166 | €3,885 | -€281 | -6.7% |
| Other amounts payable | 47/48 | €723 | - | -€723 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,974 | €14,451 | +€477 | +3.4% |
| Other operating charges | 640/8 | €545 | €7,891 | +€7,345 | +1,347% |
| Gross operating margin | 9900 | €12,151 | €27,075 | +€14,924 | +123% |
| Operating profit (loss) | 9901 | -€2,369 | €4,733 | +€7,102 | |
| Financial income | 75/76B | €0 | €124 | +€124 | +42,752% |
| Recurring financial income | 75 | €0 | €124 | +€124 | +42,752% |
| Financial charges | 65/66B | €5,476 | €4,382 | -€1,094 | -20.0% |
| Recurring financial charges | 65 | €5,476 | €4,382 | -€1,094 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,844 | €476 | +€8,320 | |
| Profit (loss) for the period | 9904 | -€7,844 | €476 | +€8,320 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,844 | €476 | +€8,320 |
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 19 October 2026 via checked.be.