VERSAN: 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.
VERSAN
Largest movements
- Cash -€36,985
down €36,985 (-28.7%), from €129,036 to €92,050
mainly Investment in fixed assets (net) (-€91,725) and Trade debts (-€38,326)
- Tangible fixed assets +€33,221
up €33,221 (+15.4%), from €215,252 to €248,472
of which Leasing and similar rights: +€50,476
- Receivables within one year +€7,198
up €7,198 (+12.7%), from €56,765 to €63,962
of which Trade receivables: +€18,016
- Stocks and contracts +€6,491
up €6,491 (+34.0%), from €19,077 to €25,568
of which Stocks: +€3,570
- Trade debts -€38,326
down €38,326 (-78.9%), from €48,562 to €10,237
- Reserves +€27,201
up €27,201 (+13.4%), from €202,458 to €229,659
- Debts after one year +€14,325
up €14,325 (+58.4%), from €24,543 to €38,868
- Current portion of long-term debt +€4,830
up €4,830 (+25.5%), from €18,923 to €23,753
- Depreciation +€12,353
up €12,353 (+26.8%), from €46,152 to €58,505
- Financial income -€11,619
down €11,619 (-100.0%), from €11,620 to €1
- Taxes -€6,794
down €6,794 (-55.9%), from €12,144 to €5,351
- Financial charges +€2,819
up €2,819 (+39.3%), from €7,171 to €9,990
- Write-downs -€2,000
down €2,000 (-100.0%), from €2,000 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,471 | €435,531 | +€10,060 | +2.4% |
| Fixed assets | 21/28 | €215,252 | €248,472 | +€33,221 | +15.4% |
| Tangible fixed assets | 22/27 | €215,252 | €248,472 | +€33,221 | +15.4% |
| Land and buildings | 22 | €130,641 | €127,105 | -€3,536 | -2.7% |
| Plant, machinery and equipment | 23 | €12,443 | €13,442 | +€998 | +8.0% |
| Furniture and vehicles | 24 | €72,167 | €57,450 | -€14,718 | -20.4% |
| Leasing and similar rights | 25 | - | €50,476 | +€50,476 | |
| Current assets | 29/58 | €210,219 | €187,059 | -€23,160 | -11.0% |
| Stocks and contracts in progress | 3 | €19,077 | €25,568 | +€6,491 | +34.0% |
| Stocks | 30/36 | €11,246 | €14,816 | +€3,570 | +31.7% |
| Contracts in progress | 37 | €7,831 | €10,752 | +€2,921 | +37.3% |
| Amounts receivable within one year | 40/41 | €56,765 | €63,962 | +€7,198 | +12.7% |
| Trade receivables | 40 | €40,484 | €58,500 | +€18,016 | +44.5% |
| Other amounts receivable | 41 | €16,281 | €5,462 | -€10,818 | -66.4% |
| Cash at bank and in hand | 54/58 | €129,036 | €92,050 | -€36,985 | -28.7% |
| Deferred charges and accrued income | 490/1 | €5,341 | €5,478 | +€136 | +2.6% |
| Total equity and liabilities | 10/49 | €425,471 | €435,531 | +€10,060 | +2.4% |
| Equity | 10/15 | €222,458 | €249,659 | +€27,201 | +12.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €202,458 | €229,659 | +€27,201 | +13.4% |
| Distributable reserves | 133 | €202,458 | €229,659 | +€27,201 | +13.4% |
| Amounts payable | 17/49 | €203,013 | €185,872 | -€17,141 | -8.4% |
| Amounts payable after more than one year | 17 | €24,543 | €38,868 | +€14,325 | +58.4% |
| Financial debts | 170/4 | €24,543 | €38,868 | +€14,325 | +58.4% |
| Amounts payable within one year | 42/48 | €178,085 | €146,030 | -€32,055 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €18,923 | €23,753 | +€4,830 | +25.5% |
| Trade debts | 44 | €48,562 | €10,237 | -€38,326 | -78.9% |
| Suppliers | 440/4 | €48,562 | €10,237 | -€38,326 | -78.9% |
| Taxes, remuneration and social security | 45 | €7,330 | €5,019 | -€2,311 | -31.5% |
| Taxes | 450/3 | €7,330 | €5,019 | -€2,311 | -31.5% |
| Other amounts payable | 47/48 | €103,270 | €107,021 | +€3,751 | +3.6% |
| Accrued charges and deferred income | 492/3 | €384 | €974 | +€590 | +153.4% |
| Non-recurring operating income | 76A | - | €11,405 | +€11,405 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,152 | €58,505 | +€12,353 | +26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,000 | €0 | -€2,000 | -100.0% |
| Other operating charges | 640/8 | €1,855 | €1,792 | -€63 | -3.4% |
| Gross operating margin | 9900 | €104,275 | €102,837 | -€1,438 | -1.4% |
| Operating profit (loss) | 9901 | €54,268 | €42,541 | -€11,727 | -21.6% |
| Financial income | 75/76B | €11,620 | €1 | -€11,619 | -100.0% |
| Recurring financial income | 75 | €11,620 | €1 | -€11,619 | -100.0% |
| Financial charges | 65/66B | €7,171 | €9,990 | +€2,819 | +39.3% |
| Recurring financial charges | 65 | €7,171 | €9,990 | +€2,819 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €58,717 | €32,552 | -€26,165 | -44.6% |
| Income taxes | 67/77 | €12,144 | €5,351 | -€6,794 | -55.9% |
| Profit (loss) for the period | 9904 | €46,573 | €27,201 | -€19,372 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,573 | €27,201 | -€19,372 | -41.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.