VERSA SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€27,840
up €27,840 (+10.6%), from €263,482 to €291,322
- Tangible fixed assets -€9,586
down €9,586 (-25.8%), from €37,201 to €27,616
- Cash +€6,791
up €6,791 (+53.4%), from €12,725 to €19,517
mainly Net result for the year (+€59,358) and Depreciation (+€11,857)
- Profit (loss) carried forward +€59,358
up €59,358 (+54.8%), from €108,382 to €167,739
- Debts within one year -€36,971
down €36,971 (-28.8%), from €128,439 to €91,468
- Gross operating margin -€189,383
down €189,383 (-67.0%), from €282,775 to €93,392
- Taxes -€38,865
down €38,865 (-75.1%), from €51,778 to €12,912
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €319,688 | €342,074 | +€22,387 | +7.0% |
| Fixed assets | 21/28 | €37,201 | €27,616 | -€9,586 | -25.8% |
| Tangible fixed assets | 22/27 | €37,201 | €27,616 | -€9,586 | -25.8% |
| Current assets | 29/58 | €282,487 | €314,459 | +€31,972 | +11.3% |
| Stocks and contracts in progress | 3 | €6,280 | €3,620 | -€2,660 | -42.4% |
| Amounts receivable within one year | 40/41 | €263,482 | €291,322 | +€27,840 | +10.6% |
| Cash at bank and in hand | 54/58 | €12,725 | €19,517 | +€6,791 | +53.4% |
| Total equity and liabilities | 10/49 | €319,688 | €342,074 | +€22,387 | +7.0% |
| Equity | 10/15 | €191,248 | €250,606 | +€59,358 | +31.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,267 | €64,267 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,382 | €167,739 | +€59,358 | +54.8% |
| Amounts payable | 17/49 | €128,439 | €91,468 | -€36,971 | -28.8% |
| Amounts payable within one year | 42/48 | €128,439 | €91,468 | -€36,971 | -28.8% |
| Trade debts | 44 | €7,278 | €7,312 | +€34 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,087 | €11,857 | -€1,231 | -9.4% |
| Gross operating margin | 9900 | €282,775 | €93,392 | -€189,383 | -67.0% |
| Operating profit (loss) | 9901 | €150,441 | €49,325 | -€101,117 | -67.2% |
| Recurring financial income | 75 | €17,010 | €26,574 | +€9,564 | +56.2% |
| Recurring financial charges | 65 | €7,291 | €3,628 | -€3,663 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €160,159 | €72,270 | -€87,889 | -54.9% |
| Income taxes | 67/77 | €51,778 | €12,912 | -€38,865 | -75.1% |
| Profit (loss) for the period | 9904 | €108,382 | €59,358 | -€49,024 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,382 | €59,358 | -€49,024 | -45.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.