VERSANT SUD: 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.
VERSANT SUD
Largest movements
- Cash +€19,340
up €19,340 (+4,218%), from €459 to €19,799
mainly Other debts (+€14,273) and Trade debts (+€3,101)
- Receivables within one year -€2,338
down €2,338 (-5.0%), from €46,785 to €44,447
of which Trade receivables: -€1,483
- Other debts +€14,273
up €14,273 (+16.3%), from €87,520 to €101,793
- Trade debts +€3,101
up €3,101 (+88.0%), from €3,523 to €6,624
- Tax, wage and social debts +€2,250
up €2,250 (+21.8%), from €10,329 to €12,578
of which Remuneration and social security: +€2,897
- Gross operating margin +€36,684
up €36,684 (+87.7%), from €41,827 to €78,511
- Staff costs +€9,024
up €9,024 (+14.0%), from €64,595 to €73,619
- Write-downs -€4,254
down €4,254, from €3,866 to -€388
- Other operating charges +€1,725
up €1,725 (+71.7%), from €2,404 to €4,129
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,635 | €216,260 | +€19,625 | +10.0% |
| Fixed assets | 21/28 | €414 | €1,492 | +€1,078 | +260% |
| Tangible fixed assets | 22/27 | - | €1,078 | +€1,078 | |
| Plant, machinery and equipment | 23 | - | €1,078 | +€1,078 | |
| Financial fixed assets | 28 | €414 | €414 | = | 0.0% |
| Current assets | 29/58 | €196,221 | €214,768 | +€18,547 | +9.5% |
| Stocks and contracts in progress | 3 | €148,977 | €150,522 | +€1,545 | +1.0% |
| Stocks | 30/36 | €148,977 | €150,522 | +€1,545 | +1.0% |
| Amounts receivable within one year | 40/41 | €46,785 | €44,447 | -€2,338 | -5.0% |
| Trade receivables | 40 | €45,931 | €44,447 | -€1,483 | -3.2% |
| Other amounts receivable | 41 | €855 | - | -€855 | |
| Cash at bank and in hand | 54/58 | €459 | €19,799 | +€19,340 | +4,218% |
| Total equity and liabilities | 10/49 | €196,635 | €216,260 | +€19,625 | +10.0% |
| Equity | 10/15 | -€79,737 | -€79,735 | +€2 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,337 | -€98,335 | +€2 | 0.0% |
| Amounts payable | 17/49 | €276,372 | €295,995 | +€19,623 | +7.1% |
| Amounts payable after more than one year | 17 | €175,000 | €175,000 | = | 0.0% |
| Financial debts | 170/4 | €175,000 | €175,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,372 | €120,995 | +€19,623 | +19.4% |
| Trade debts | 44 | €3,523 | €6,624 | +€3,101 | +88.0% |
| Suppliers | 440/4 | €3,523 | €6,624 | +€3,101 | +88.0% |
| Taxes, remuneration and social security | 45 | €10,329 | €12,578 | +€2,250 | +21.8% |
| Taxes | 450/3 | €2,188 | €1,542 | -€647 | -29.6% |
| Remuneration and social security | 454/9 | €8,140 | €11,037 | +€2,897 | +35.6% |
| Other amounts payable | 47/48 | €87,520 | €101,793 | +€14,273 | +16.3% |
| Remuneration, social security and pensions | 62 | €64,595 | €73,619 | +€9,024 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121 | €348 | +€227 | +188% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,866 | -€388 | -€4,254 | |
| Other operating charges | 640/8 | €2,404 | €4,129 | +€1,725 | +71.7% |
| Gross operating margin | 9900 | €41,827 | €78,511 | +€36,684 | +87.7% |
| Operating profit (loss) | 9901 | -€29,159 | €803 | +€29,962 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,118 | €625 | -€493 | -44.1% |
| Recurring financial charges | 65 | €1,118 | €625 | -€493 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,274 | €178 | +€30,452 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€30,448 | €2 | +€30,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,448 | €2 | +€30,450 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.