VERSAKO: 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.
VERSAKO
Largest movements
- Receivables within one year -€8,254
down €8,254 (-18.9%), from €43,561 to €35,307
of which Trade receivables: -€14,400
- Reserves +€79,135
up €79,135 (+86.1%), from €91,882 to €171,017
- Debts after one year -€76,996
down €76,996 (-15.3%), from €502,094 to €425,098
- Other debts -€8,452
down €8,452 (-52.3%), from €16,146 to €7,694
- Gross operating margin -€7,505
down €7,505 (-21.5%), from €34,928 to €27,423
- Taxes +€7,001
up €7,001 (+96.5%), from €7,257 to €14,257
- Financial charges -€3,052
down €3,052 (-20.1%), from €15,183 to €12,131
- Financial income +€2,435
up €2,435 (+3.2%), from €76,179 to €78,614
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 | €772,775 | €772,262 | -€513 | -0.1% |
| Fixed assets | 21/28 | €721,000 | €721,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €721,000 | €721,000 | = | 0.0% |
| Current assets | 29/58 | €51,775 | €51,262 | -€513 | -1.0% |
| Amounts receivable within one year | 40/41 | €43,561 | €35,307 | -€8,254 | -18.9% |
| Trade receivables | 40 | €28,800 | €14,400 | -€14,400 | -50.0% |
| Other amounts receivable | 41 | €14,761 | €20,907 | +€6,146 | +41.6% |
| Cash at bank and in hand | 54/58 | €7,819 | €9,760 | +€1,940 | +24.8% |
| Deferred charges and accrued income | 490/1 | €395 | €6,195 | +€5,800 | +1469.1% |
| Total equity and liabilities | 10/49 | €772,775 | €772,262 | -€513 | -0.1% |
| Equity | 10/15 | €166,882 | €246,017 | +€79,135 | +47.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €91,882 | €171,017 | +€79,135 | +86.1% |
| Distributable reserves | 133 | €91,882 | €171,017 | +€79,135 | +86.1% |
| Amounts payable | 17/49 | €605,894 | €526,245 | -€79,648 | -13.1% |
| Amounts payable after more than one year | 17 | €502,094 | €425,098 | -€76,996 | -15.3% |
| Financial debts | 170/4 | €502,094 | €425,098 | -€76,996 | -15.3% |
| Amounts payable within one year | 42/48 | €99,198 | €96,546 | -€2,653 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €74,949 | €76,996 | +€2,047 | +2.7% |
| Financial debts | 43 | - | €1,697 | +€1,697 | |
| Credit institutions | 430/8 | - | €1,697 | +€1,697 | |
| Trade debts | 44 | €830 | €62 | -€768 | -92.5% |
| Suppliers | 440/4 | €830 | €62 | -€768 | -92.5% |
| Taxes, remuneration and social security | 45 | €7,273 | €10,096 | +€2,824 | +38.8% |
| Taxes | 450/3 | €4,473 | €10,096 | +€5,624 | +125.7% |
| Remuneration and social security | 454/9 | €2,800 | €0 | -€2,800 | -100.0% |
| Other amounts payable | 47/48 | €16,146 | €7,694 | -€8,452 | -52.3% |
| Accrued charges and deferred income | 492/3 | €4,602 | €4,602 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €470 | €513 | +€44 | +9.3% |
| Gross operating margin | 9900 | €34,928 | €27,423 | -€7,505 | -21.5% |
| Operating profit (loss) | 9901 | €34,458 | €26,910 | -€7,548 | -21.9% |
| Financial income | 75/76B | €76,179 | €78,614 | +€2,435 | +3.2% |
| Recurring financial income | 75 | €76,179 | €78,614 | +€2,435 | +3.2% |
| Financial charges | 65/66B | €15,183 | €12,131 | -€3,052 | -20.1% |
| Recurring financial charges | 65 | €15,183 | €12,131 | -€3,052 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €95,453 | €93,392 | -€2,061 | -2.2% |
| Income taxes | 67/77 | €7,257 | €14,257 | +€7,001 | +96.5% |
| Profit (loss) for the period | 9904 | €88,197 | €79,135 | -€9,062 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,197 | €79,135 | -€9,062 | -10.3% |
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 6 October 2026 via checked.be.