Versalus: 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.
Versalus
Largest movements
- Current investments +€32,174
up €32,174 (+357.2%), from €9,008 to €41,182
- Cash +€9,088
up €9,088 (+32.7%), from €27,814 to €36,902
mainly Net result for the year (+€34,638) and Other debts (+€6,955)
- Receivables within one year -€2,292
down €2,292 (-10.9%), from €20,983 to €18,690
of which Trade receivables: -€4,062
- Tangible fixed assets +€1,482
up €1,482 (+78.7%), from €1,883 to €3,365
of which Furniture and vehicles: +€1,178
- Deferred charges and accrued income -€1,102
down €1,102 (-16.3%), from €6,774 to €5,672
- Reserves +€34,638
up €34,638 (+98.5%), from €35,173 to €69,812
- Other debts +€6,955
up €6,955 (+82.8%), from €8,401 to €15,356
- Tax, wage and social debts -€2,216
down €2,216 (-19.5%), from €11,361 to €9,145
- Gross operating margin +€1,524
up €1,524 (+3.2%), from €47,076 to €48,600
- Financial charges +€1,309
up €1,309 (+66.9%), from €1,958 to €3,268
- Depreciation +€1,080
up €1,080 (+248.4%), from €435 to €1,515
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 | €66,462 | €105,812 | +€39,349 | +59.2% |
| Fixed assets | 21/28 | €1,883 | €3,365 | +€1,482 | +78.7% |
| Tangible fixed assets | 22/27 | €1,883 | €3,365 | +€1,482 | +78.7% |
| Plant, machinery and equipment | 23 | - | €305 | +€305 | |
| Furniture and vehicles | 24 | €1,883 | €3,061 | +€1,178 | +62.5% |
| Current assets | 29/58 | €64,579 | €102,446 | +€37,867 | +58.6% |
| Amounts receivable within one year | 40/41 | €20,983 | €18,690 | -€2,292 | -10.9% |
| Trade receivables | 40 | €20,983 | €16,920 | -€4,062 | -19.4% |
| Other amounts receivable | 41 | - | €1,770 | +€1,770 | |
| Current investments | 50/53 | €9,008 | €41,182 | +€32,174 | +357.2% |
| Cash at bank and in hand | 54/58 | €27,814 | €36,902 | +€9,088 | +32.7% |
| Deferred charges and accrued income | 490/1 | €6,774 | €5,672 | -€1,102 | -16.3% |
| Total equity and liabilities | 10/49 | €66,462 | €105,812 | +€39,349 | +59.2% |
| Equity | 10/15 | €43,173 | €77,812 | +€34,638 | +80.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €35,173 | €69,812 | +€34,638 | +98.5% |
| Distributable reserves | 133 | €35,173 | €69,812 | +€34,638 | +98.5% |
| Amounts payable | 17/49 | €23,289 | €28,000 | +€4,711 | +20.2% |
| Amounts payable within one year | 42/48 | €23,289 | €28,000 | +€4,711 | +20.2% |
| Trade debts | 44 | €3,527 | €3,500 | -€28 | -0.8% |
| Suppliers | 440/4 | €3,527 | €3,500 | -€28 | -0.8% |
| Taxes, remuneration and social security | 45 | €11,361 | €9,145 | -€2,216 | -19.5% |
| Taxes | 450/3 | €11,361 | €9,145 | -€2,216 | -19.5% |
| Other amounts payable | 47/48 | €8,401 | €15,356 | +€6,955 | +82.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435 | €1,515 | +€1,080 | +248.4% |
| Other operating charges | 640/8 | €118 | €164 | +€46 | +39.1% |
| Gross operating margin | 9900 | €47,076 | €48,600 | +€1,524 | +3.2% |
| Operating profit (loss) | 9901 | €46,523 | €46,921 | +€398 | +0.9% |
| Financial income | 75/76B | €12 | €279 | +€267 | +2247.0% |
| Recurring financial income | 75 | €12 | €279 | +€267 | +2247.0% |
| Financial charges | 65/66B | €1,958 | €3,268 | +€1,309 | +66.9% |
| Recurring financial charges | 65 | €1,958 | €3,268 | +€1,309 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | €44,577 | €43,932 | -€644 | -1.4% |
| Income taxes | 67/77 | €9,404 | €9,294 | -€110 | -1.2% |
| Profit (loss) for the period | 9904 | €35,173 | €34,638 | -€535 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,173 | €34,638 | -€535 | -1.5% |
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 1 October 2026 via checked.be.