VERSA\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.
VERSA\VERSA
Largest movements
- Tangible fixed assets -€2,687
no longer reported in 2025 (was €2,687)
- Cash -€966
down €966 (-99.9%), from €967 to €1
mainly Net result for the year (-€6,110) and Receivables within one year (-€252)
- Receivables within one year +€252
up €252 (+1.2%), from €21,376 to €21,628
- Profit (loss) carried forward -€6,110
down €6,110 (-2.9%), from -€214,171 to -€220,281
- Other debts +€2,360
up €2,360 (+6.0%), from €39,071 to €41,431
- Trade debts +€348
new in 2025: €348
- Depreciation -€2,334
down €2,334 (-46.5%), from €5,021 to €2,687
- Gross operating margin -€1,106
down €1,106 (-81.9%), from -€1,351 to -€2,457
- Other operating charges +€80
up €80 (+20.9%), from €382 to €462
- Financial charges +€74
up €74 (+14.8%), from €500 to €574
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,182 | €21,780 | -€3,402 | -13.5% |
| Fixed assets | 21/28 | €2,687 | - | -€2,687 | |
| Tangible fixed assets | 22/27 | €2,687 | - | -€2,687 | |
| Furniture and vehicles | 24 | €2,687 | - | -€2,687 | |
| Current assets | 29/58 | €22,495 | €21,780 | -€715 | -3.2% |
| Amounts receivable within one year | 40/41 | €21,376 | €21,628 | +€252 | +1.2% |
| Other amounts receivable | 41 | €21,376 | €21,628 | +€252 | +1.2% |
| Cash at bank and in hand | 54/58 | €967 | €1 | -€966 | -99.9% |
| Deferred charges and accrued income | 490/1 | €152 | €151 | -€1 | -0.5% |
| Total equity and liabilities | 10/49 | €25,182 | €21,780 | -€3,402 | -13.5% |
| Equity | 10/15 | -€14,171 | -€20,281 | -€6,110 | -43.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,171 | -€220,281 | -€6,110 | -2.9% |
| Amounts payable | 17/49 | €39,353 | €42,061 | +€2,708 | +6.9% |
| Amounts payable within one year | 42/48 | €39,353 | €42,061 | +€2,708 | +6.9% |
| Trade debts | 44 | - | €348 | +€348 | |
| Suppliers | 440/4 | - | €348 | +€348 | |
| Taxes, remuneration and social security | 45 | €282 | €282 | = | 0.0% |
| Taxes | 450/3 | €282 | €282 | = | 0.0% |
| Other amounts payable | 47/48 | €39,071 | €41,431 | +€2,360 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,021 | €2,687 | -€2,334 | -46.5% |
| Other operating charges | 640/8 | €382 | €462 | +€80 | +20.9% |
| Gross operating margin | 9900 | -€1,351 | -€2,457 | -€1,106 | -81.9% |
| Operating profit (loss) | 9901 | -€6,754 | -€5,606 | +€1,148 | +17.0% |
| Financial income | 75/76B | €186 | €210 | +€24 | +13.0% |
| Recurring financial income | 75 | €186 | €210 | +€24 | +13.0% |
| Financial charges | 65/66B | €500 | €574 | +€74 | +14.8% |
| Recurring financial charges | 65 | €500 | €574 | +€74 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,068 | -€5,970 | +€1,098 | +15.5% |
| Income taxes | 67/77 | €143 | €140 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | -€7,210 | -€6,110 | +€1,101 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,210 | -€6,110 | +€1,101 | +15.3% |
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 10 October 2026 via checked.be.