VERSA: 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
VERSA
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€61,698
2024 · €3,244+€58,454
Equity
€5.6m
2024 · €5.6m+€61,698
Cash
€95,994
2024 · €74,390+€21,604
Balance sheet total
€7.8m
2024 · €7.7m+€44,652
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Short-term financial debts -€190,125
down €190,125 (-44.8%), from €424,817 to €234,691
Income statement
- Other operating income +€110,994
up €110,994 (+17.8%), from €624,559 to €735,553
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
€3,244
Staff costs
-€76,228
Other operating charges
-€96
Other operating items
+€91,092
Financial charges
+€43,756
Taxes
-€69
Result 2025
€61,698
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.
From operations
+€177,642
Investment
-€1,134
Financing
-€154,904
Cash 2024
€74,390
From operations (derived)
+€177,642
Net result for the year
+€61,698
Receivables within one year
-€21,914
Trade debts
+€66,856
Tax, wage and social debts
+€27,967
Other debts
+€30,247
Accrued charges and deferred income
+€12,788
Investment (derived)
-€1,134
Investment in fixed assets (net)
-€1,134
Financing
-€154,904
Debts after one year
+€35,221
Short-term financial debts
-€190,125
Cash 2025
€95,994
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,720,070 | €7,764,722 | +€44,652 | +0.6% |
| Fixed assets | 21/28 | €7,622,851 | €7,623,985 | +€1,134 | 0.0% |
| Tangible fixed assets | 22/27 | - | €1,134 | +€1,134 | |
| Furniture and vehicles | 24 | - | €1,134 | +€1,134 | |
| Financial fixed assets | 28 | €7,622,851 | €7,622,851 | = | 0.0% |
| Affiliated companies | 280/1 | €7,622,851 | €7,622,851 | = | 0.0% |
| Participating interests | 280 | €7,622,851 | €7,622,851 | = | 0.0% |
| Current assets | 29/58 | €97,220 | €140,738 | +€43,518 | +44.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €22,830 | €44,744 | +€21,914 | +96.0% |
| Trade receivables | 40 | €6,038 | €38,888 | +€32,850 | +544.1% |
| Other amounts receivable | 41 | €16,792 | €5,856 | -€10,937 | -65.1% |
| Cash at bank and in hand | 54/58 | €74,390 | €95,994 | +€21,604 | +29.0% |
| Total equity and liabilities | 10/49 | €7,720,070 | €7,764,722 | +€44,652 | +0.6% |
| Equity | 10/15 | €5,556,978 | €5,618,676 | +€61,698 | +1.1% |
| Contributions | 10/11 | €2,560,601 | €2,560,601 | = | 0.0% |
| Reserves | 13 | €152,928 | €152,928 | = | 0.0% |
| Distributable reserves | 133 | €152,928 | €152,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,843,449 | €2,905,147 | +€61,698 | +2.2% |
| Amounts payable | 17/49 | €2,163,092 | €2,146,046 | -€17,046 | -0.8% |
| Amounts payable after more than one year | 17 | €1,408,850 | €1,444,072 | +€35,221 | +2.5% |
| Financial debts | 170/4 | €1,408,850 | €1,444,072 | +€35,221 | +2.5% |
| Subordinated loans | 170 | €1,408,850 | €1,444,072 | +€35,221 | +2.5% |
| Amounts payable within one year | 42/48 | €708,582 | €643,526 | -€65,056 | -9.2% |
| Financial debts | 43 | €424,817 | €234,691 | -€190,125 | -44.8% |
| Credit institutions | 430/8 | €424,817 | €234,691 | -€190,125 | -44.8% |
| Trade debts | 44 | €6,935 | €73,791 | +€66,856 | +964.0% |
| Suppliers | 440/4 | €6,935 | €73,791 | +€66,856 | +964.0% |
| Taxes, remuneration and social security | 45 | €80,868 | €108,835 | +€27,967 | +34.6% |
| Taxes | 450/3 | €11,224 | €13,880 | +€2,655 | +23.7% |
| Remuneration and social security | 454/9 | €69,644 | €94,955 | +€25,311 | +36.3% |
| Other amounts payable | 47/48 | €195,962 | €226,209 | +€30,247 | +15.4% |
| Accrued charges and deferred income | 492/3 | €45,660 | €58,448 | +€12,788 | +28.0% |
| Operating income | 70/76A | €624,559 | €735,553 | +€110,994 | +17.8% |
| Other operating income | 74 | €624,559 | €735,553 | +€110,994 | +17.8% |
| Operating charges | 60/66A | €521,407 | €617,633 | +€96,227 | +18.5% |
| Services and other goods | 61 | €22,590 | €42,493 | +€19,902 | +88.1% |
| Remuneration, social security and pensions | 62 | €497,731 | €573,959 | +€76,228 | +15.3% |
| Other operating charges | 640/8 | €1,086 | €1,182 | +€96 | +8.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €103,153 | €117,920 | +€14,767 | +14.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €99,211 | €55,454 | -€43,756 | -44.1% |
| Recurring financial charges | 65 | €99,211 | €55,454 | -€43,756 | -44.1% |
| Debt charges | 650 | €98,548 | €54,891 | -€43,657 | -44.3% |
| Other financial charges | 652/9 | €663 | €563 | -€100 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €3,942 | €62,466 | +€58,524 | +1484.6% |
| Income taxes | 67/77 | €698 | €768 | +€69 | +9.9% |
| Taxes | 670/3 | €698 | €768 | +€69 | +9.9% |
| Profit (loss) for the period | 9904 | €3,244 | €61,698 | +€58,454 | +1802.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,244 | €61,698 | +€58,454 | +1802.0% |
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 12 October 2026 via checked.be.