Versa Group: what changed
Two fiscal 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 Group
NACE 46.836, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.2m+€672,752
Equity
€8.8m
2024 · €6.9m+€1.9m
Cash
€840,704
2024 · €856,888-€16,184
Balance sheet total
€24.6m
2024 · €21.4m+€3.1m
Largest movements
Assets
- Stocks and contracts +€2.0m
up €2.0m (+22.6%), from €9.0m to €11.0m
- Receivables within one year +€1.2m
up €1.2m (+17.3%), from €6.9m to €8.1m
of which Trade receivables: +€1.5m
Equity and liabilities
- Reserves +€1.9m
up €1.9m (+28.1%), from €6.6m to €8.5m
of which Distributable reserves: +€2.1m
- Short-term financial debts +€1.6m
up €1.6m (+49.6%), from €3.3m to €4.9m
- Debts after one year -€680,869
down €680,869 (-17.9%), from €3.8m to €3.1m
- Trade debts +€580,183
up €580,183 (+12.1%), from €4.8m to €5.4m
- Current portion of long-term debt -€331,228
down €331,228 (-30.7%), from €1.1m to €746,614
Income statement
- Turnover +€6.2m
up €6.2m (+19.3%), from €32.2m to €38.5m
- Goods and materials +€5.4m
up €5.4m (+23.4%), from €23.1m to €28.5m
of which Purchases: +€4.8m
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
€1.2m
Turnover
+€6.2m
Other operating income
-€363,654
Goods and materials
-€5.4m
Services and other goods
-€184,969
Staff costs
+€180,277
Depreciation
-€33,638
Write-downs
+€61,250
Other operating charges
+€53,543
Other operating items
+€7,588
Financial income
+€300,266
Financial charges
+€77,296
Taxes
-€243,590
Deferred taxes and other
-€9,199
Result 2025
€1.9m
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
-€549,784
Investment
-€87,884
Financing
+€621,484
Cash 2024
€856,888
From operations (derived)
-€549,784
Net result for the year
+€1.9m
Depreciation
+€244,541
Receivables after one year
+€8,000
Stocks and contracts
-€2.0m
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€70,133
Trade debts
+€580,183
Tax, wage and social debts
-€26,034
Advances received
-€15,171
Other debts
-€1,500
Accrued charges and deferred income
+€87,901
Investment (derived)
-€87,884
Investment in fixed assets (net)
-€87,884
Financing
+€621,484
Debts after one year
-€680,869
Current portion of long-term debt
-€331,228
Short-term financial debts
+€1.6m
Cash 2025
€840,704
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,447,736 | €24,560,451 | +€3.1m | +14.5% |
| Fixed assets | 21/28 | €4,530,889 | €4,374,232 | -€156,657 | -3.5% |
| Intangible fixed assets | 21 | €792,005 | €747,889 | -€44,116 | -5.6% |
| Tangible fixed assets | 22/27 | €857,961 | €745,421 | -€112,540 | -13.1% |
| Land and buildings | 22 | €243,822 | €202,291 | -€41,531 | -17.0% |
| Plant, machinery and equipment | 23 | €176,010 | €157,843 | -€18,167 | -10.3% |
| Furniture and vehicles | 24 | €304,149 | €248,240 | -€55,909 | -18.4% |
| Leasing and similar rights | 25 | €1,214 | €0 | -€1,214 | -100.0% |
| Other tangible fixed assets | 26 | €132,767 | €137,047 | +€4,280 | +3.2% |
| Financial fixed assets | 28 | €2,880,923 | €2,880,923 | = | 0.0% |
| Affiliated companies | 280/1 | €2,852,294 | €2,852,294 | = | 0.0% |
| Participating interests | 280 | €2,158,453 | €2,158,453 | = | 0.0% |
| Amounts receivable | 281 | €693,841 | €693,841 | = | 0.0% |
| Other financial fixed assets | 284/8 | €28,629 | €28,629 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €28,629 | €28,629 | = | 0.0% |
| Current assets | 29/58 | €16,916,847 | €20,186,219 | +€3.3m | +19.3% |
| Amounts receivable after more than one year | 29 | €25,150 | €17,150 | -€8,000 | -31.8% |
| Trade receivables | 290 | €14,950 | €14,950 | = | 0.0% |
| Other amounts receivable | 291 | €10,200 | €2,200 | -€8,000 | -78.4% |
| Stocks and contracts in progress | 3 | €8,973,059 | €11,000,606 | +€2.0m | +22.6% |
| Stocks | 30/36 | €8,973,059 | €11,000,606 | +€2.0m | +22.6% |
| Goods purchased for resale | 34 | €8,973,059 | €11,000,606 | +€2.0m | +22.6% |
| Amounts receivable within one year | 40/41 | €6,920,454 | €8,116,329 | +€1.2m | +17.3% |
| Trade receivables | 40 | €5,806,624 | €7,313,092 | +€1.5m | +25.9% |
| Other amounts receivable | 41 | €1,113,830 | €803,237 | -€310,593 | -27.9% |
| Cash at bank and in hand | 54/58 | €856,888 | €840,704 | -€16,184 | -1.9% |
| Deferred charges and accrued income | 490/1 | €141,296 | €211,429 | +€70,133 | +49.6% |
| Total equity and liabilities | 10/49 | €21,447,736 | €24,560,451 | +€3.1m | +14.5% |
| Equity | 10/15 | €6,916,080 | €8,781,931 | +€1.9m | +27.0% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €6,641,080 | €8,506,931 | +€1.9m | +28.1% |
| Tax-exempt reserves | 132 | €241,915 | €0 | -€241,915 | -100.0% |
| Distributable reserves | 133 | €6,399,165 | €8,506,931 | +€2.1m | +32.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €14,531,656 | €15,778,520 | +€1.2m | +8.6% |
| Amounts payable after more than one year | 17 | €3,813,416 | €3,132,547 | -€680,869 | -17.9% |
| Financial debts | 170/4 | €3,813,416 | €3,132,547 | -€680,869 | -17.9% |
| Subordinated loans | 170 | €882,612 | €693,179 | -€189,432 | -21.5% |
| Leasing and similar obligations | 172 | €2,041 | €0 | -€2,041 | -100.0% |
| Credit institutions | 173 | €2,928,763 | €2,439,367 | -€489,395 | -16.7% |
| Amounts payable within one year | 42/48 | €10,673,999 | €12,513,831 | +€1.8m | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €1,077,842 | €746,614 | -€331,228 | -30.7% |
| Financial debts | 43 | €3,293,622 | €4,927,203 | +€1.6m | +49.6% |
| Credit institutions | 430/8 | €3,293,622 | €4,927,203 | +€1.6m | +49.6% |
| Trade debts | 44 | €4,795,402 | €5,375,585 | +€580,183 | +12.1% |
| Suppliers | 440/4 | €4,795,402 | €5,375,585 | +€580,183 | +12.1% |
| Advances received on contracts in progress | 46 | €15,330 | €159 | -€15,171 | -99.0% |
| Taxes, remuneration and social security | 45 | €1,436,734 | €1,410,700 | -€26,034 | -1.8% |
| Taxes | 450/3 | €898,783 | €1,066,336 | +€167,553 | +18.6% |
| Remuneration and social security | 454/9 | €537,951 | €344,365 | -€193,586 | -36.0% |
| Other amounts payable | 47/48 | €55,069 | €53,569 | -€1,500 | -2.7% |
| Accrued charges and deferred income | 492/3 | €44,241 | €132,142 | +€87,901 | +198.7% |
| Operating income | 70/76A | €32,899,282 | €38,766,924 | +€5.9m | +17.8% |
| Turnover | 70 | €32,242,676 | €38,475,740 | +€6.2m | +19.3% |
| Other operating income | 74 | €654,838 | €291,184 | -€363,654 | -55.5% |
| Non-recurring operating income | 76A | €1,768 | €0 | -€1,768 | -100.0% |
| Operating charges | 60/66A | €30,737,034 | €36,056,697 | +€5.3m | +17.3% |
| Goods for resale, raw materials and consumables | 60 | €23,059,005 | €28,464,486 | +€5.4m | +23.4% |
| Purchases | 600/8 | €25,673,162 | €30,492,033 | +€4.8m | +18.8% |
| Change in stocks: decrease (increase) | 609 | -€2,614,157 | -€2,027,547 | +€586,610 | +22.4% |
| Services and other goods | 61 | €3,318,318 | €3,503,287 | +€184,969 | +5.6% |
| Remuneration, social security and pensions | 62 | €3,918,900 | €3,738,624 | -€180,277 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,902 | €244,541 | +€33,638 | +15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €72,056 | €10,806 | -€61,250 | -85.0% |
| Other operating charges | 640/8 | €137,672 | €84,130 | -€53,543 | -38.9% |
| Non-recurring operating charges | 66A | €20,179 | €10,824 | -€9,355 | -46.4% |
| Operating profit (loss) | 9901 | €2,162,249 | €2,710,227 | +€547,978 | +25.3% |
| Financial income | 75/76B | €31,892 | €332,159 | +€300,266 | +941.5% |
| Recurring financial income | 75 | €31,892 | €332,159 | +€300,266 | +941.5% |
| Income from financial fixed assets | 750 | €0 | €189,300 | +€189,300 | +1893000000.0% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €31,892 | €142,859 | +€110,966 | +347.9% |
| Financial charges | 65/66B | €489,242 | €411,945 | -€77,296 | -15.8% |
| Recurring financial charges | 65 | €489,242 | €411,945 | -€77,296 | -15.8% |
| Debt charges | 650 | €435,813 | €355,231 | -€80,582 | -18.5% |
| Other financial charges | 652/9 | €53,429 | €56,715 | +€3,286 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €1,704,899 | €2,630,440 | +€925,541 | +54.3% |
| Transfer from deferred taxes | 780 | €9,199 | €0 | -€9,199 | -100.0% |
| Income taxes | 67/77 | €521,000 | €764,590 | +€243,590 | +46.8% |
| Taxes | 670/3 | €521,000 | €764,590 | +€243,590 | +46.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,193,098 | €1,865,851 | +€672,752 | +56.4% |
| Transfer from tax-exempt reserves | 789 | €122,366 | €241,915 | +€119,549 | +97.7% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,315,464 | €2,107,766 | +€792,301 | +60.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.