Versatec Service: 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.
Versatec Service
Largest movements
- Receivables within one year +€35,755
up €35,755 (+81.3%), from €44,006 to €79,761
of which Trade receivables: +€44,775
- Cash -€30,631
down €30,631 (-75.7%), from €40,477 to €9,846
mainly Receivables within one year (-€35,755) and Trade debts (-€15,996)
- Tangible fixed assets -€6,660
down €6,660 (-11.2%), from €59,260 to €52,600
of which Furniture and vehicles: -€4,810
- Profit (loss) carried forward +€19,763
new in 2025: €19,763
- Trade debts -€15,996
down €15,996 (-57.7%), from €27,723 to €11,727
- Debts after one year -€5,519
down €5,519 (-26.6%), from €20,780 to €15,261
- Staff costs +€52,352
up €52,352 (+3,353%), from €1,562 to €53,913
- Gross operating margin -€22,397
down €22,397 (-19.1%), from €116,982 to €94,585
- Taxes -€16,515
down €16,515 (-75.4%), from €21,908 to €5,393
- Depreciation +€8,097
up €8,097 (+146%), from €5,553 to €13,650
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 | €165,496 | €164,260 | -€1,236 | -0.7% |
| Fixed assets | 21/28 | €59,260 | €52,600 | -€6,660 | -11.2% |
| Tangible fixed assets | 22/27 | €59,260 | €52,600 | -€6,660 | -11.2% |
| Plant, machinery and equipment | 23 | €8,298 | €6,448 | -€1,850 | -22.3% |
| Furniture and vehicles | 24 | €50,962 | €46,152 | -€4,810 | -9.4% |
| Current assets | 29/58 | €106,236 | €111,660 | +€5,424 | +5.1% |
| Stocks and contracts in progress | 3 | €18,590 | €18,590 | = | 0.0% |
| Stocks | 30/36 | €18,590 | €18,590 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €44,006 | €79,761 | +€35,755 | +81.3% |
| Trade receivables | 40 | €15,172 | €59,946 | +€44,775 | +295% |
| Other amounts receivable | 41 | €28,834 | €19,815 | -€9,020 | -31.3% |
| Cash at bank and in hand | 54/58 | €40,477 | €9,846 | -€30,631 | -75.7% |
| Deferred charges and accrued income | 490/1 | €3,163 | €3,463 | +€300 | +9.5% |
| Total equity and liabilities | 10/49 | €165,496 | €164,260 | -€1,236 | -0.7% |
| Equity | 10/15 | €88,195 | €107,958 | +€19,763 | +22.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €87,195 | €87,195 | = | 0.0% |
| Distributable reserves | 133 | €87,195 | €87,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €19,763 | +€19,763 | |
| Amounts payable | 17/49 | €77,300 | €56,301 | -€20,999 | -27.2% |
| Amounts payable after more than one year | 17 | €20,780 | €15,261 | -€5,519 | -26.6% |
| Financial debts | 170/4 | €20,780 | €15,261 | -€5,519 | -26.6% |
| Amounts payable within one year | 42/48 | €56,520 | €41,040 | -€15,480 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €5,314 | €5,519 | +€205 | +3.9% |
| Trade debts | 44 | €27,723 | €11,727 | -€15,996 | -57.7% |
| Suppliers | 440/4 | €27,723 | €11,727 | -€15,996 | -57.7% |
| Taxes, remuneration and social security | 45 | €22,643 | €22,961 | +€318 | +1.4% |
| Taxes | 450/3 | €22,643 | €18,220 | -€4,423 | -19.5% |
| Remuneration and social security | 454/9 | - | €4,741 | +€4,741 | |
| Other amounts payable | 47/48 | €840 | €833 | -€7 | -0.8% |
| Remuneration, social security and pensions | 62 | €1,562 | €53,913 | +€52,352 | +3,353% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,553 | €13,650 | +€8,097 | +146% |
| Other operating charges | 640/8 | €639 | - | -€639 | |
| Gross operating margin | 9900 | €116,982 | €94,585 | -€22,397 | -19.1% |
| Operating profit (loss) | 9901 | €109,229 | €27,022 | -€82,207 | -75.3% |
| Financial income | 75/76B | €45 | €219 | +€174 | +385% |
| Recurring financial income | 75 | €45 | €219 | +€174 | +385% |
| Financial charges | 65/66B | €693 | €1,251 | +€559 | +80.6% |
| Recurring financial charges | 65 | €693 | €1,251 | +€559 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | €108,581 | €25,989 | -€82,592 | -76.1% |
| Income taxes | 67/77 | €21,908 | €5,393 | -€16,515 | -75.4% |
| Profit (loss) for the period | 9904 | €86,673 | €20,596 | -€66,077 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,673 | €20,596 | -€66,077 | -76.2% |
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 26 October 2026 via checked.be.