Versatelier: 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.
Versatelier
Largest movements
- Receivables within one year +€157,274
up €157,274 (+95.7%), from €164,421 to €321,695
of which Trade receivables: +€156,774
- Tangible fixed assets -€68,967
down €68,967 (-16.0%), from €431,201 to €362,234
of which Other tangible fixed assets: -€103,551
- Stocks and contracts +€25,904
up €25,904 (+33.5%), from €77,298 to €103,201
- Profit (loss) carried forward +€276,095
up €276,095, from -€247,782 to €28,313
- Short-term financial debts -€270,003
down €270,003 (-47.1%), from €573,683 to €303,680
- Contributions +€52,218
up €52,218 (+84.9%), from €61,500 to €113,718
- Tax, wage and social debts +€40,302
up €40,302 (+138%), from €29,273 to €69,575
of which Remuneration and social security: +€44,438
- Trade debts +€14,054
up €14,054 (+5.5%), from €256,246 to €270,299
- Gross operating margin +€719,342
up €719,342 (+12,321%), from €5,838 to €725,180
- Staff costs +€394,408
up €394,408 (+272%), from €144,747 to €539,155
- Depreciation +€56,546
up €56,546 (+82.2%), from €68,799 to €125,345
- Financial charges +€14,598
up €14,598 (+404%), from €3,616 to €18,214
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €672,920 | €787,130 | +€114,210 | +17.0% |
| Fixed assets | 21/28 | €431,201 | €362,234 | -€68,967 | -16.0% |
| Tangible fixed assets | 22/27 | €431,201 | €362,234 | -€68,967 | -16.0% |
| Plant, machinery and equipment | 23 | €50,032 | €84,615 | +€34,584 | +69.1% |
| Other tangible fixed assets | 26 | €381,170 | €277,619 | -€103,551 | -27.2% |
| Current assets | 29/58 | €241,719 | €424,896 | +€183,177 | +75.8% |
| Stocks and contracts in progress | 3 | €77,298 | €103,201 | +€25,904 | +33.5% |
| Stocks | 30/36 | €77,298 | €103,201 | +€25,904 | +33.5% |
| Amounts receivable within one year | 40/41 | €164,421 | €321,695 | +€157,274 | +95.7% |
| Trade receivables | 40 | €164,421 | €321,195 | +€156,774 | +95.3% |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €672,920 | €787,130 | +€114,210 | +17.0% |
| Equity | 10/15 | -€186,282 | €143,521 | +€329,803 | |
| Contributions | 10/11 | €61,500 | €113,718 | +€52,218 | +84.9% |
| Capital | 10 | €61,500 | €113,718 | +€52,218 | +84.9% |
| Issued capital | 100 | €61,500 | €113,718 | +€52,218 | +84.9% |
| Reserves | 13 | - | €1,490 | +€1,490 | |
| Non-distributable reserves | 130/1 | - | €1,490 | +€1,490 | |
| Legal reserve | 130 | - | €1,490 | +€1,490 | |
| Profit (loss) carried forward | 14 | -€247,782 | €28,313 | +€276,095 | |
| Amounts payable | 17/49 | €859,202 | €643,609 | -€215,593 | -25.1% |
| Amounts payable within one year | 42/48 | €859,202 | €643,609 | -€215,593 | -25.1% |
| Financial debts | 43 | €573,683 | €303,680 | -€270,003 | -47.1% |
| Credit institutions | 430/8 | €573,683 | €303,680 | -€270,003 | -47.1% |
| Trade debts | 44 | €256,246 | €270,299 | +€14,054 | +5.5% |
| Suppliers | 440/4 | €256,246 | €270,299 | +€14,054 | +5.5% |
| Taxes, remuneration and social security | 45 | €29,273 | €69,575 | +€40,302 | +138% |
| Taxes | 450/3 | €4,560 | €424 | -€4,136 | -90.7% |
| Remuneration and social security | 454/9 | €24,713 | €69,151 | +€44,438 | +180% |
| Other amounts payable | 47/48 | - | €54 | +€54 | |
| Remuneration, social security and pensions | 62 | €144,747 | €539,155 | +€394,408 | +272% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,799 | €125,345 | +€56,546 | +82.2% |
| Other operating charges | 640/8 | - | €3,967 | +€3,967 | |
| Non-recurring operating charges | 66A | €35,448 | €8,492 | -€26,956 | -76.0% |
| Gross operating margin | 9900 | €5,838 | €725,180 | +€719,342 | +12,321% |
| Operating profit (loss) | 9901 | -€243,156 | €48,221 | +€291,376 | |
| Financial income | 75/76B | €1,247 | - | -€1,247 | |
| Recurring financial income | 75 | €1,247 | - | -€1,247 | |
| Financial charges | 65/66B | €3,616 | €18,214 | +€14,598 | +404% |
| Recurring financial charges | 65 | €3,616 | €18,214 | +€14,598 | +404% |
| Profit (loss) for the period before taxes | 9903 | -€245,524 | €30,007 | +€275,531 | |
| Income taxes | 67/77 | - | €204 | +€204 | |
| Profit (loss) for the period | 9904 | -€245,524 | €29,803 | +€275,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€245,524 | €29,803 | +€275,327 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.