VERSALYS: 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.
VERSALYS
Largest movements
- Receivables within one year -€89,244
down €89,244 (-75.6%), from €118,053 to €28,809
of which Trade receivables: -€78,931
- Cash +€50,272
up €50,272 (+233.2%), from €21,554 to €71,826
mainly Receivables within one year (+€89,244) and Net result for the year (+€34,024)
- Tangible fixed assets -€10,180
down €10,180 (-25.5%), from €39,902 to €29,722
- Deferred charges and accrued income -€2,607
down €2,607 (-44.1%), from €5,913 to €3,305
- Trade debts -€65,623
down €65,623 (-86.1%), from €76,241 to €10,618
- Reserves +€7,367
up €7,367 (+16.2%), from €45,446 to €52,814
of which Distributable reserves: +€7,367
- Other debts +€7,274
up €7,274 (+223.4%), from €3,255 to €10,530
- Debts after one year -€7,149
down €7,149 (-22.9%), from €31,211 to €24,062
- Profit (loss) carried forward +€5,000
up €5,000, from -€3,410 to €1,590
- Staff costs -€41,600
down €41,600 (-48.3%), from €86,109 to €44,509
- Taxes +€11,216
up €11,216 (+800.2%), from €1,402 to €12,618
- Gross operating margin +€4,324
up €4,324 (+4.3%), from €101,290 to €105,613
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 | €185,479 | €133,719 | -€51,759 | -27.9% |
| Fixed assets | 21/28 | €39,959 | €29,779 | -€10,180 | -25.5% |
| Tangible fixed assets | 22/27 | €39,902 | €29,722 | -€10,180 | -25.5% |
| Furniture and vehicles | 24 | €39,902 | €29,722 | -€10,180 | -25.5% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €145,519 | €103,941 | -€41,579 | -28.6% |
| Amounts receivable within one year | 40/41 | €118,053 | €28,809 | -€89,244 | -75.6% |
| Trade receivables | 40 | €99,678 | €20,747 | -€78,931 | -79.2% |
| Other amounts receivable | 41 | €18,375 | €8,062 | -€10,313 | -56.1% |
| Cash at bank and in hand | 54/58 | €21,554 | €71,826 | +€50,272 | +233.2% |
| Deferred charges and accrued income | 490/1 | €5,913 | €3,305 | -€2,607 | -44.1% |
| Total equity and liabilities | 10/49 | €185,479 | €133,719 | -€51,759 | -27.9% |
| Equity | 10/15 | €48,236 | €60,603 | +€12,367 | +25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,446 | €52,814 | +€7,367 | +16.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,586 | €50,954 | +€7,367 | +16.9% |
| Profit (loss) carried forward | 14 | -€3,410 | €1,590 | +€5,000 | |
| Amounts payable | 17/49 | €137,242 | €73,116 | -€64,126 | -46.7% |
| Amounts payable after more than one year | 17 | €31,211 | €24,062 | -€7,149 | -22.9% |
| Financial debts | 170/4 | €31,211 | €24,062 | -€7,149 | -22.9% |
| Amounts payable within one year | 42/48 | €106,032 | €49,054 | -€56,977 | -53.7% |
| Current portion of amounts payable after more than one year | 42 | €8,351 | €8,649 | +€298 | +3.6% |
| Trade debts | 44 | €76,241 | €10,618 | -€65,623 | -86.1% |
| Suppliers | 440/4 | €76,241 | €10,618 | -€65,623 | -86.1% |
| Taxes, remuneration and social security | 45 | €18,185 | €19,258 | +€1,073 | +5.9% |
| Taxes | 450/3 | €8,958 | €12,294 | +€3,336 | +37.2% |
| Remuneration and social security | 454/9 | €9,227 | €6,964 | -€2,263 | -24.5% |
| Other amounts payable | 47/48 | €3,255 | €10,530 | +€7,274 | +223.4% |
| Non-recurring operating income | 76A | €4,850 | €0 | -€4,850 | -100.0% |
| Remuneration, social security and pensions | 62 | €86,109 | €44,509 | -€41,600 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,945 | €10,180 | -€764 | -7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €197 | €0 | -€197 | -100.0% |
| Other operating charges | 640/8 | €956 | €753 | -€203 | -21.2% |
| Gross operating margin | 9900 | €101,290 | €105,613 | +€4,324 | +4.3% |
| Operating profit (loss) | 9901 | €3,083 | €50,171 | +€47,088 | +1527.5% |
| Financial income | 75/76B | €1 | €517 | +€516 | +75861.8% |
| Recurring financial income | 75 | €1 | €517 | +€516 | +75861.8% |
| Financial charges | 65/66B | €4,519 | €4,045 | -€474 | -10.5% |
| Recurring financial charges | 65 | €4,519 | €4,045 | -€474 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,436 | €46,642 | +€48,077 | |
| Income taxes | 67/77 | €1,402 | €12,618 | +€11,216 | +800.2% |
| Profit (loss) for the period | 9904 | -€2,837 | €34,024 | +€36,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,837 | €34,024 | +€36,861 |
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 5 October 2026 via checked.be.