VERSACRUM: 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.
VERSACRUM
Largest movements
- Receivables within one year +€39,996
new in 2025: €39,996
of which Trade receivables: +€33,448
- Cash +€22,815
up €22,815 (+65.2%), from €34,968 to €57,783
mainly Other debts (+€71,204) and Depreciation (+€2,472)
- Other debts +€71,204
up €71,204 (+10.3%), from €689,863 to €761,067
- Gross operating margin -€35,353
down €35,353 (-50.8%), from €69,565 to €34,212
- Other operating charges -€14,252
down €14,252 (-51.9%), from €27,465 to €13,213
- Staff costs +€13,264
up €13,264 (+306.8%), from €4,324 to €17,588
- Taxes -€6,004
down €6,004, from €5,740 to -€264
- Depreciation +€970
up €970 (+64.6%), from €1,502 to €2,472
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 | €859,474 | €923,399 | +€63,926 | +7.4% |
| Fixed assets | 21/28 | €83,217 | €86,131 | +€2,914 | +3.5% |
| Tangible fixed assets | 22/27 | €3,217 | €6,131 | +€2,914 | +90.6% |
| Plant, machinery and equipment | 23 | €3,217 | €6,131 | +€2,914 | +90.6% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €776,256 | €837,268 | +€61,012 | +7.9% |
| Stocks and contracts in progress | 3 | €741,289 | €739,489 | -€1,800 | -0.2% |
| Stocks | 30/36 | €741,289 | €739,489 | -€1,800 | -0.2% |
| Amounts receivable within one year | 40/41 | - | €39,996 | +€39,996 | |
| Trade receivables | 40 | - | €33,448 | +€33,448 | |
| Other amounts receivable | 41 | - | €6,548 | +€6,548 | |
| Cash at bank and in hand | 54/58 | €34,968 | €57,783 | +€22,815 | +65.2% |
| Total equity and liabilities | 10/49 | €859,474 | €923,399 | +€63,926 | +7.4% |
| Equity | 10/15 | €88,484 | €88,895 | +€411 | +0.5% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Distributable reserves | 133 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,024 | €68,435 | +€411 | +0.6% |
| Amounts payable | 17/49 | €770,990 | €834,504 | +€63,515 | +8.2% |
| Amounts payable within one year | 42/48 | €770,990 | €834,504 | +€63,515 | +8.2% |
| Trade debts | 44 | €54,962 | €48,332 | -€6,629 | -12.1% |
| Suppliers | 440/4 | €54,962 | €48,332 | -€6,629 | -12.1% |
| Taxes, remuneration and social security | 45 | €26,165 | €25,105 | -€1,060 | -4.0% |
| Taxes | 450/3 | €9,779 | €25,105 | +€15,326 | +156.7% |
| Remuneration and social security | 454/9 | €16,386 | - | -€16,386 | |
| Other amounts payable | 47/48 | €689,863 | €761,067 | +€71,204 | +10.3% |
| Remuneration, social security and pensions | 62 | €4,324 | €17,588 | +€13,264 | +306.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,502 | €2,472 | +€970 | +64.6% |
| Other operating charges | 640/8 | €27,465 | €13,213 | -€14,252 | -51.9% |
| Gross operating margin | 9900 | €69,565 | €34,212 | -€35,353 | -50.8% |
| Operating profit (loss) | 9901 | €36,274 | €938 | -€35,336 | -97.4% |
| Financial income | 75/76B | €250 | €274 | +€24 | +9.5% |
| Recurring financial income | 75 | €250 | €274 | +€24 | +9.5% |
| Non-recurring financial income | 76B | €250 | €274 | +€24 | +9.5% |
| Financial charges | 65/66B | €1,446 | €1,065 | -€381 | -26.4% |
| Recurring financial charges | 65 | €1,446 | €1,065 | -€381 | -26.4% |
| Non-recurring financial charges | 66B | €1,446 | €1,065 | -€381 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €35,078 | €147 | -€34,931 | -99.6% |
| Income taxes | 67/77 | €5,740 | -€264 | -€6,004 | |
| Profit (loss) for the period | 9904 | €29,338 | €411 | -€28,927 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,338 | €411 | -€28,927 | -98.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.