VERSALOF: 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.
What changed
VERSALOF
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €1.1m-€94,667
Equity
€5.5m
2024 · €4.7m+€790,979
Cash
€1.3m
2024 · €301,903+€999,611
Balance sheet total
€6.6m
2024 · €5.5m+€1.1m
Largest movements
Assets
- Cash +€999,611
up €999,611 (+331%), from €301,903 to €1.3m
mainly Net result for the year (+€1.0m) and Trade debts (+€468,943)
- Current investments +€711,017
up €711,017 (+47.0%), from €1.5m to €2.2m
- Tangible fixed assets -€303,650
down €303,650 (-25.3%), from €1.2m to €895,666
of which Plant, machinery and equipment: -€164,286
- Receivables within one year -€122,539
down €122,539 (-7.0%), from €1.8m to €1.6m
of which Trade receivables: -€222,665
- Deferred charges and accrued income -€99,354
down €99,354 (-38.7%), from €256,420 to €157,066
Equity and liabilities
- Reserves +€790,979
up €790,979 (+16.9%), from €4.7m to €5.5m
of which Distributable reserves: +€790,979
- Trade debts +€468,943
up €468,943 (+94.9%), from €494,105 to €963,048
- Tax, wage and social debts -€116,037
down €116,037 (-59.9%), from €193,726 to €77,688
of which Taxes: -€128,525
- Accrued charges and deferred income -€77,751
down €77,751 (-93.5%), from €83,137 to €5,386
Income statement
- Turnover +€1.4m
up €1.4m (+10.8%), from €12.7m to €14.1m
- Goods and materials +€893,853
up €893,853 (+11.0%), from €8.1m to €9.0m
- Services and other goods +€821,016
up €821,016 (+36.6%), from €2.2m to €3.1m
- Other operating income +€147,727
up €147,727 (+442%), from €33,440 to €181,167
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.
Result 2024
€1.1m
Turnover
+€1.4m
Other operating income
+€147,727
Goods and materials
-€893,853
Services and other goods
-€821,016
Staff costs
-€89,259
Depreciation
+€59,421
Write-downs
+€931
Other operating charges
+€5,085
Financial income
+€17,132
Financial charges
-€15,298
Taxes
+€118,182
Result 2025
€1.0m
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€1.9m
Investment
-€665,238
Financing
-€242,793
Cash 2024
€301,903
From operations (derived)
+€1.9m
Net result for the year
+€1.0m
Depreciation
+€338,718
Receivables within one year
+€122,539
Deferred charges and accrued income
+€99,354
Trade debts
+€468,943
Tax, wage and social debts
-€116,037
Other debts
+€38,105
Accrued charges and deferred income
-€77,751
Investment (derived)
-€665,238
Investment in fixed assets (net)
+€45,778
Current investments
-€711,017
Financing
-€242,793
Contributions, distributions and other
-€242,793
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,521,610 | €6,625,849 | +€1.1m | +20.0% |
| Fixed assets | 21/28 | €1,691,731 | €1,307,234 | -€384,497 | -22.7% |
| Intangible fixed assets | 21 | €29,154 | €7,144 | -€22,009 | -75.5% |
| Tangible fixed assets | 22/27 | €1,199,316 | €895,666 | -€303,650 | -25.3% |
| Land and buildings | 22 | €401,912 | €322,962 | -€78,950 | -19.6% |
| Plant, machinery and equipment | 23 | €558,008 | €393,722 | -€164,286 | -29.4% |
| Furniture and vehicles | 24 | €239,396 | €178,982 | -€60,415 | -25.2% |
| Financial fixed assets | 28 | €463,261 | €404,424 | -€58,837 | -12.7% |
| Affiliated companies | 280/1 | €450,698 | €391,861 | -€58,837 | -13.1% |
| Amounts receivable | 281 | €450,698 | €391,861 | -€58,837 | -13.1% |
| Other financial fixed assets | 284/8 | €12,563 | €12,563 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,563 | €12,563 | = | 0.0% |
| Current assets | 29/58 | €3,829,879 | €5,318,614 | +€1.5m | +38.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,758,252 | €1,635,714 | -€122,539 | -7.0% |
| Trade receivables | 40 | €1,606,960 | €1,384,295 | -€222,665 | -13.9% |
| Other amounts receivable | 41 | €151,292 | €251,418 | +€100,126 | +66.2% |
| Current investments | 50/53 | €1,513,305 | €2,224,321 | +€711,017 | +47.0% |
| Other investments | 51/53 | €1,513,305 | €2,224,321 | +€711,017 | +47.0% |
| Cash at bank and in hand | 54/58 | €301,903 | €1,301,514 | +€999,611 | +331% |
| Deferred charges and accrued income | 490/1 | €256,420 | €157,066 | -€99,354 | -38.7% |
| Total equity and liabilities | 10/49 | €5,521,610 | €6,625,849 | +€1.1m | +20.0% |
| Equity | 10/15 | €4,710,604 | €5,501,583 | +€790,979 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,692,004 | €5,482,983 | +€790,979 | +16.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,831,350 | €1,831,350 | = | 0.0% |
| Distributable reserves | 133 | €2,858,794 | €3,649,773 | +€790,979 | +27.7% |
| Amounts payable | 17/49 | €811,006 | €1,124,265 | +€313,259 | +38.6% |
| Amounts payable within one year | 42/48 | €727,869 | €1,118,879 | +€391,010 | +53.7% |
| Trade debts | 44 | €494,105 | €963,048 | +€468,943 | +94.9% |
| Suppliers | 440/4 | €494,105 | €963,048 | +€468,943 | +94.9% |
| Taxes, remuneration and social security | 45 | €193,726 | €77,688 | -€116,037 | -59.9% |
| Taxes | 450/3 | €140,410 | €11,885 | -€128,525 | -91.5% |
| Remuneration and social security | 454/9 | €53,316 | €65,803 | +€12,487 | +23.4% |
| Other amounts payable | 47/48 | €40,039 | €78,143 | +€38,105 | +95.2% |
| Accrued charges and deferred income | 492/3 | €83,137 | €5,386 | -€77,751 | -93.5% |
| Operating income | 70/76A | €12,722,600 | €14,246,609 | +€1.5m | +12.0% |
| Turnover | 70 | €12,689,160 | €14,065,442 | +€1.4m | +10.8% |
| Other operating income | 74 | €33,440 | €181,167 | +€147,727 | +442% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €11,154,502 | €12,893,194 | +€1.7m | +15.6% |
| Goods for resale, raw materials and consumables | 60 | €8,090,711 | €8,984,564 | +€893,853 | +11.0% |
| Purchases | 600/8 | €8,090,711 | €8,984,564 | +€893,853 | +11.0% |
| Services and other goods | 61 | €2,241,525 | €3,062,541 | +€821,016 | +36.6% |
| Remuneration, social security and pensions | 62 | €412,164 | €501,423 | +€89,259 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398,139 | €338,718 | -€59,421 | -14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €931 | €0 | -€931 | -100% |
| Other operating charges | 640/8 | €11,033 | €5,948 | -€5,085 | -46.1% |
| Operating profit (loss) | 9901 | €1,568,098 | €1,353,415 | -€214,683 | -13.7% |
| Financial income | 75/76B | €36,548 | €53,679 | +€17,132 | +46.9% |
| Recurring financial income | 75 | €35,357 | €53,679 | +€18,322 | +51.8% |
| Income from financial fixed assets | 750 | €5,402 | €4,823 | -€579 | -10.7% |
| Income from current assets | 751 | €10,598 | €32,974 | +€22,377 | +211% |
| Other financial income | 752/9 | €19,357 | €15,882 | -€3,475 | -18.0% |
| Non-recurring financial income | 76B | €1,191 | €0 | -€1,191 | -100% |
| Financial charges | 65/66B | €7,118 | €22,416 | +€15,298 | +215% |
| Recurring financial charges | 65 | €7,118 | €22,416 | +€15,298 | +215% |
| Debt charges | 650 | €1,708 | €5,763 | +€4,055 | +237% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €5,391 | €16,605 | +€11,214 | +208% |
| Other financial charges | 652/9 | €18 | €47 | +€29 | +159% |
| Profit (loss) for the period before taxes | 9903 | €1,597,528 | €1,384,679 | -€212,849 | -13.3% |
| Income taxes | 67/77 | €469,088 | €350,906 | -€118,182 | -25.2% |
| Taxes | 670/3 | €469,088 | €351,020 | -€118,068 | -25.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €114 | +€114 | |
| Profit (loss) for the period | 9904 | €1,128,439 | €1,033,773 | -€94,667 | -8.4% |
| Transfer from tax-exempt reserves | 789 | €605,200 | €0 | -€605,200 | -100% |
| Transfer to tax-exempt reserves | 689 | €989,350 | €0 | -€989,350 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €744,289 | €1,033,773 | +€289,483 | +38.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.