VERSA-BOUW: 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.
VERSA-BOUW
Largest movements
- Receivables within one year +€14,193
up €14,193 (+23.9%), from €59,482 to €73,674
of which Trade receivables: +€13,164
- Stocks and contracts -€6,886
down €6,886 (-7.8%), from €88,568 to €81,682
- Cash +€3,284
up €3,284 (+75.4%), from €4,358 to €7,643
mainly Trade debts (+€15,514) and Stocks and contracts (+€6,886)
- Trade debts +€15,514
up €15,514 (+262%), from €5,929 to €21,443
- Debts after one year -€5,747
down €5,747 (-2.2%), from €261,395 to €255,649
- Accrued charges and deferred income +€4,005
up €4,005 (+208%), from €1,928 to €5,933
- Gross operating margin +€13,501
up €13,501 (+81.5%), from €16,572 to €30,073
- Other operating charges +€4,186
up €4,186 (+228%), from €1,834 to €6,020
- Depreciation -€3,196
down €3,196 (-75.9%), from €4,211 to €1,015
- Financial charges +€2,304
up €2,304 (+8.5%), from €27,231 to €29,536
- Financial income -€1,369
down €1,369 (-12.8%), from €10,662 to €9,294
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 | €290,198 | €299,997 | +€9,799 | +3.4% |
| Fixed assets | 21/28 | €11,975 | €10,960 | -€1,015 | -8.5% |
| Tangible fixed assets | 22/27 | €11,388 | €10,373 | -€1,015 | -8.9% |
| Land and buildings | 22 | €11,388 | €10,373 | -€1,015 | -8.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €587 | €587 | = | 0.0% |
| Current assets | 29/58 | €278,223 | €289,037 | +€10,814 | +3.9% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €88,568 | €81,682 | -€6,886 | -7.8% |
| Stocks | 30/36 | €88,568 | €81,682 | -€6,886 | -7.8% |
| Amounts receivable within one year | 40/41 | €59,482 | €73,674 | +€14,193 | +23.9% |
| Trade receivables | 40 | €18,070 | €31,234 | +€13,164 | +72.8% |
| Other amounts receivable | 41 | €41,411 | €42,440 | +€1,029 | +2.5% |
| Cash at bank and in hand | 54/58 | €4,358 | €7,643 | +€3,284 | +75.4% |
| Deferred charges and accrued income | 490/1 | €815 | €1,038 | +€223 | +27.3% |
| Total equity and liabilities | 10/49 | €290,198 | €299,997 | +€9,799 | +3.4% |
| Equity | 10/15 | €1,107 | €2,039 | +€932 | +84.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,153 | -€12,221 | +€932 | +7.1% |
| Amounts payable | 17/49 | €289,091 | €297,958 | +€8,867 | +3.1% |
| Amounts payable after more than one year | 17 | €261,395 | €255,649 | -€5,747 | -2.2% |
| Financial debts | 170/4 | €261,395 | €255,649 | -€5,747 | -2.2% |
| Amounts payable within one year | 42/48 | €25,768 | €36,377 | +€10,609 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €16,131 | €14,198 | -€1,933 | -12.0% |
| Financial debts | 43 | €4 | €0 | -€4 | -100% |
| Credit institutions | 430/8 | €4 | €0 | -€4 | -100% |
| Trade debts | 44 | €5,929 | €21,443 | +€15,514 | +262% |
| Suppliers | 440/4 | €5,929 | €21,443 | +€15,514 | +262% |
| Taxes, remuneration and social security | 45 | €3,704 | €736 | -€2,968 | -80.1% |
| Taxes | 450/3 | €3,704 | €736 | -€2,968 | -80.1% |
| Accrued charges and deferred income | 492/3 | €1,928 | €5,933 | +€4,005 | +208% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,211 | €1,015 | -€3,196 | -75.9% |
| Other operating charges | 640/8 | €1,834 | €6,020 | +€4,186 | +228% |
| Non-recurring operating charges | 66A | - | €1,681 | +€1,681 | |
| Gross operating margin | 9900 | €16,572 | €30,073 | +€13,501 | +81.5% |
| Operating profit (loss) | 9901 | €10,527 | €21,357 | +€10,830 | +103% |
| Financial income | 75/76B | €10,662 | €9,294 | -€1,369 | -12.8% |
| Recurring financial income | 75 | €10,662 | €9,294 | -€1,369 | -12.8% |
| Financial charges | 65/66B | €27,231 | €29,536 | +€2,304 | +8.5% |
| Recurring financial charges | 65 | €27,231 | €29,536 | +€2,304 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,042 | €1,115 | +€7,157 | |
| Income taxes | 67/77 | €201 | €183 | -€18 | -8.7% |
| Profit (loss) for the period | 9904 | -€6,243 | €932 | +€7,175 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,243 | €932 | +€7,175 |
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 13 October 2026 via checked.be.