VERSAB: 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.
VERSAB
Largest movements
- Financial fixed assets +€286,972
up €286,972 (+100.0%), from €286,912 to €573,884
- Cash +€9,990
up €9,990 (+145.8%), from €6,853 to €16,843
mainly Other debts (+€261,040) and Net result for the year (+€33,315)
- Other debts +€261,040
up €261,040 (+159.3%), from €163,816 to €424,856
- Profit (loss) carried forward +€32,031
up €32,031, from -€32,031 to €0
- Gross operating margin +€54,550
up €54,550, from -€10,232 to €44,318
- Taxes +€1,936
new in 2025: €1,936
- Financial charges +€1,137
up €1,137 (+29.8%), from €3,814 to €4,951
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 | €311,648 | €604,937 | +€293,290 | +94.1% |
| Fixed assets | 21/28 | €301,640 | €584,938 | +€283,298 | +93.9% |
| Tangible fixed assets | 22/27 | €14,728 | €11,054 | -€3,675 | -24.9% |
| Furniture and vehicles | 24 | €2,149 | €1,478 | -€671 | -31.2% |
| Other tangible fixed assets | 26 | €12,580 | €9,576 | -€3,004 | -23.9% |
| Financial fixed assets | 28 | €286,912 | €573,884 | +€286,972 | +100.0% |
| Current assets | 29/58 | €10,007 | €19,999 | +€9,992 | +99.8% |
| Amounts receivable within one year | 40/41 | €3,154 | €3,157 | +€2 | +0.1% |
| Trade receivables | 40 | €0 | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €3,154 | €157 | -€2,998 | -95.0% |
| Cash at bank and in hand | 54/58 | €6,853 | €16,843 | +€9,990 | +145.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €311,648 | €604,937 | +€293,290 | +94.1% |
| Equity | 10/15 | €137,433 | €169,464 | +€32,031 | +23.3% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €45,517 | €45,517 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,425 | €3,425 | = | 0.0% |
| Legal reserve | 130 | €3,425 | €3,425 | = | 0.0% |
| Distributable reserves | 133 | €42,092 | €42,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,031 | €0 | +€32,031 | |
| Amounts payable | 17/49 | €174,214 | €435,473 | +€261,259 | +150.0% |
| Amounts payable within one year | 42/48 | €168,648 | €430,996 | +€262,349 | +155.6% |
| Trade debts | 44 | €1,671 | €564 | -€1,107 | -66.2% |
| Suppliers | 440/4 | €1,671 | €564 | -€1,107 | -66.2% |
| Taxes, remuneration and social security | 45 | €3,161 | €5,576 | +€2,415 | +76.4% |
| Taxes | 450/3 | €3,161 | €5,576 | +€2,415 | +76.4% |
| Other amounts payable | 47/48 | €163,816 | €424,856 | +€261,040 | +159.3% |
| Accrued charges and deferred income | 492/3 | €5,567 | €4,477 | -€1,090 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,675 | €3,675 | = | 0.0% |
| Other operating charges | 640/8 | €439 | €442 | +€3 | +0.7% |
| Gross operating margin | 9900 | -€10,232 | €44,318 | +€54,550 | |
| Operating profit (loss) | 9901 | -€14,346 | €40,201 | +€54,547 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,814 | €4,951 | +€1,137 | +29.8% |
| Recurring financial charges | 65 | €3,814 | €4,951 | +€1,137 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,160 | €35,251 | +€53,411 | |
| Income taxes | 67/77 | - | €1,936 | +€1,936 | |
| Profit (loss) for the period | 9904 | -€18,160 | €33,315 | +€51,475 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,160 | €33,315 | +€51,475 |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.