Versalix: 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.
Versalix
Largest movements
- Cash -€62,084
down €62,084 (-62.6%), from €99,217 to €37,133
mainly Contributions, distributions and other (-€170,588) and Deferred charges and accrued income (-€36,459)
- Deferred charges and accrued income +€36,459
up €36,459 (+575.1%), from €6,340 to €42,799
- Tangible fixed assets -€16,584
down €16,584 (-24.5%), from €67,589 to €51,005
of which Furniture and vehicles: -€17,482
- Receivables within one year -€3,396
no longer reported in 2025 (was €3,396)
- Other debts -€23,604
down €23,604 (-24.6%), from €95,879 to €72,275
- Debts after one year -€15,685
down €15,685 (-47.0%), from €33,366 to €17,681
- Tax, wage and social debts -€8,408
down €8,408 (-46.6%), from €18,024 to €9,616
- Profit (loss) carried forward +€3,737
up €3,737 (+2.3%), from €161,518 to €165,255
- Gross operating margin +€47,562
up €47,562 (+23.7%), from €200,892 to €248,455
- Taxes +€12,198
up €12,198 (+29.3%), from €41,604 to €53,802
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 | €331,542 | €285,937 | -€45,605 | -13.8% |
| Fixed assets | 21/28 | €67,589 | €51,005 | -€16,584 | -24.5% |
| Tangible fixed assets | 22/27 | €67,589 | €51,005 | -€16,584 | -24.5% |
| Plant, machinery and equipment | 23 | €668 | €1,566 | +€897 | +134.3% |
| Furniture and vehicles | 24 | €66,921 | €49,439 | -€17,482 | -26.1% |
| Current assets | 29/58 | €263,953 | €234,932 | -€29,020 | -11.0% |
| Amounts receivable within one year | 40/41 | €3,396 | - | -€3,396 | |
| Other amounts receivable | 41 | €3,396 | - | -€3,396 | |
| Current investments | 50/53 | €155,000 | €155,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €99,217 | €37,133 | -€62,084 | -62.6% |
| Deferred charges and accrued income | 490/1 | €6,340 | €42,799 | +€36,459 | +575.1% |
| Total equity and liabilities | 10/49 | €331,542 | €285,937 | -€45,605 | -13.8% |
| Equity | 10/15 | €166,518 | €170,255 | +€3,737 | +2.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,518 | €165,255 | +€3,737 | +2.3% |
| Amounts payable | 17/49 | €165,024 | €115,682 | -€49,341 | -29.9% |
| Amounts payable after more than one year | 17 | €33,366 | €17,681 | -€15,685 | -47.0% |
| Financial debts | 170/4 | €33,366 | €17,681 | -€15,685 | -47.0% |
| Amounts payable within one year | 42/48 | €131,658 | €97,833 | -€33,825 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €15,098 | €15,685 | +€587 | +3.9% |
| Trade debts | 44 | €2,658 | €257 | -€2,401 | -90.3% |
| Suppliers | 440/4 | €2,658 | €257 | -€2,401 | -90.3% |
| Taxes, remuneration and social security | 45 | €18,024 | €9,616 | -€8,408 | -46.6% |
| Taxes | 450/3 | €18,024 | €9,616 | -€8,408 | -46.6% |
| Other amounts payable | 47/48 | €95,879 | €72,275 | -€23,604 | -24.6% |
| Accrued charges and deferred income | 492/3 | - | €168 | +€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,372 | €18,013 | +€641 | +3.7% |
| Other operating charges | 640/8 | €1,052 | €656 | -€396 | -37.6% |
| Gross operating margin | 9900 | €200,892 | €248,455 | +€47,562 | +23.7% |
| Operating profit (loss) | 9901 | €182,468 | €229,785 | +€47,317 | +25.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,259 | €1,660 | -€600 | -26.5% |
| Recurring financial charges | 65 | €2,259 | €1,660 | -€600 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €180,209 | €228,127 | +€47,918 | +26.6% |
| Income taxes | 67/77 | €41,604 | €53,802 | +€12,198 | +29.3% |
| Profit (loss) for the period | 9904 | €138,605 | €174,325 | +€35,720 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €138,605 | €174,325 | +€35,720 | +25.8% |
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 4 October 2026 via checked.be.