Versacon: 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.
Versacon
Largest movements
- Cash +€62,802
up €62,802 (+43.6%), from €144,118 to €206,920
mainly Net result for the year (+€56,067) and Receivables within one year (+€28,116)
- Receivables within one year -€28,116
down €28,116 (-88.8%), from €31,656 to €3,540
of which Trade receivables: -€28,656
- Reserves +€56,067
up €56,067 (+58.9%), from €95,270 to €151,337
- Trade debts -€13,364
down €13,364 (-84.2%), from €15,864 to €2,500
- Tax, wage and social debts -€11,261
down €11,261 (-48.7%), from €23,108 to €11,847
of which Taxes: -€11,261
- Other debts +€4,095
up €4,095 (+13.0%), from €31,392 to €35,486
- Gross operating margin -€27,273
down €27,273 (-26.7%), from €102,072 to €74,799
- Taxes -€5,431
down €5,431 (-27.3%), from €19,858 to €14,427
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 | €178,209 | €213,582 | +€35,373 | +19.8% |
| Fixed assets | 21/28 | €238 | €835 | +€596 | +250.5% |
| Tangible fixed assets | 22/27 | €238 | €835 | +€596 | +250.5% |
| Furniture and vehicles | 24 | €238 | €835 | +€596 | +250.5% |
| Current assets | 29/58 | €177,971 | €212,748 | +€34,776 | +19.5% |
| Amounts receivable within one year | 40/41 | €31,656 | €3,540 | -€28,116 | -88.8% |
| Trade receivables | 40 | €31,656 | €3,000 | -€28,656 | -90.5% |
| Other amounts receivable | 41 | - | €540 | +€540 | |
| Cash at bank and in hand | 54/58 | €144,118 | €206,920 | +€62,802 | +43.6% |
| Deferred charges and accrued income | 490/1 | €2,197 | €2,287 | +€90 | +4.1% |
| Total equity and liabilities | 10/49 | €178,209 | €213,582 | +€35,373 | +19.8% |
| Equity | 10/15 | €105,270 | €161,337 | +€56,067 | +53.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €95,270 | €151,337 | +€56,067 | +58.9% |
| Distributable reserves | 133 | €95,270 | €151,337 | +€56,067 | +58.9% |
| Amounts payable | 17/49 | €72,939 | €52,245 | -€20,694 | -28.4% |
| Amounts payable within one year | 42/48 | €70,363 | €49,834 | -€20,529 | -29.2% |
| Trade debts | 44 | €15,864 | €2,500 | -€13,364 | -84.2% |
| Suppliers | 440/4 | €15,864 | €2,500 | -€13,364 | -84.2% |
| Taxes, remuneration and social security | 45 | €23,108 | €11,847 | -€11,261 | -48.7% |
| Taxes | 450/3 | €21,908 | €10,647 | -€11,261 | -51.4% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €31,392 | €35,486 | +€4,095 | +13.0% |
| Accrued charges and deferred income | 492/3 | €2,576 | €2,411 | -€165 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €244 | -€131 | -34.9% |
| Other operating charges | 640/8 | €836 | €848 | +€12 | +1.4% |
| Gross operating margin | 9900 | €102,072 | €74,799 | -€27,273 | -26.7% |
| Operating profit (loss) | 9901 | €100,861 | €73,707 | -€27,154 | -26.9% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €4,123 | €3,240 | -€883 | -21.4% |
| Recurring financial charges | 65 | €4,123 | €3,240 | -€883 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €96,738 | €70,494 | -€26,244 | -27.1% |
| Income taxes | 67/77 | €19,858 | €14,427 | -€5,431 | -27.3% |
| Profit (loss) for the period | 9904 | €76,880 | €56,067 | -€20,813 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,880 | €56,067 | -€20,813 | -27.1% |
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 8 October 2026 via checked.be.