VERSATILE ADVISORY: 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.
VERSATILE ADVISORY
Largest movements
- Cash +€115,444
up €115,444 (+165.6%), from €69,706 to €185,150
mainly Current investments (+€100,000) and Receivables within one year (+€6,534)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€6,534
down €6,534 (-4.5%), from €143,622 to €137,088
of which Trade receivables: -€13,546
- Reserves +€4,165
up €4,165 (+1.9%), from €224,519 to €228,684
of which Distributable reserves: +€4,165
- Gross operating margin -€45,061
down €45,061 (-83.0%), from €54,283 to €9,222
- Taxes -€12,150
down €12,150 (-78.8%), from €15,415 to €3,264
- Financial charges +€1,245
up €1,245 (+276.6%), from €450 to €1,695
- Financial income +€882
up €882 (+39.5%), from €2,233 to €3,116
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 | €320,506 | €327,918 | +€7,413 | +2.3% |
| Fixed assets | 21/28 | €6,993 | €5,197 | -€1,796 | -25.7% |
| Tangible fixed assets | 22/27 | €6,993 | €5,197 | -€1,796 | -25.7% |
| Furniture and vehicles | 24 | €6,993 | €5,197 | -€1,796 | -25.7% |
| Current assets | 29/58 | €313,513 | €322,722 | +€9,209 | +2.9% |
| Amounts receivable within one year | 40/41 | €143,622 | €137,088 | -€6,534 | -4.5% |
| Trade receivables | 40 | €81,106 | €67,560 | -€13,546 | -16.7% |
| Other amounts receivable | 41 | €62,516 | €69,528 | +€7,012 | +11.2% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €69,706 | €185,150 | +€115,444 | +165.6% |
| Deferred charges and accrued income | 490/1 | €184 | €484 | +€299 | +162.4% |
| Total equity and liabilities | 10/49 | €320,506 | €327,918 | +€7,413 | +2.3% |
| Equity | 10/15 | €312,189 | €316,354 | +€4,165 | +1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €224,519 | €228,684 | +€4,165 | +1.9% |
| 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 | €222,659 | €226,824 | +€4,165 | +1.9% |
| Profit (loss) carried forward | 14 | €81,470 | €81,470 | = | 0.0% |
| Amounts payable | 17/49 | €8,316 | €11,564 | +€3,248 | +39.1% |
| Amounts payable within one year | 42/48 | €8,316 | €10,091 | +€1,775 | +21.3% |
| Financial debts | 43 | €534 | €2,007 | +€1,473 | +275.9% |
| Credit institutions | 430/8 | €534 | €2,007 | +€1,473 | +275.9% |
| Trade debts | 44 | €1,132 | €1,282 | +€149 | +13.2% |
| Suppliers | 440/4 | €1,132 | €1,282 | +€149 | +13.2% |
| Taxes, remuneration and social security | 45 | €5,825 | €5,261 | -€564 | -9.7% |
| Taxes | 450/3 | €5,825 | €5,261 | -€564 | -9.7% |
| Other amounts payable | 47/48 | €825 | €1,542 | +€717 | +86.9% |
| Accrued charges and deferred income | 492/3 | - | €1,473 | +€1,473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,874 | €1,796 | -€78 | -4.2% |
| Other operating charges | 640/8 | €493 | €558 | +€65 | +13.2% |
| Gross operating margin | 9900 | €54,283 | €9,222 | -€45,061 | -83.0% |
| Operating profit (loss) | 9901 | €51,915 | €6,868 | -€45,047 | -86.8% |
| Financial income | 75/76B | €2,233 | €3,116 | +€882 | +39.5% |
| Recurring financial income | 75 | €2,233 | €3,116 | +€882 | +39.5% |
| Financial charges | 65/66B | €450 | €1,695 | +€1,245 | +276.6% |
| Recurring financial charges | 65 | €450 | €1,695 | +€1,245 | +276.6% |
| Profit (loss) for the period before taxes | 9903 | €53,698 | €8,288 | -€45,410 | -84.6% |
| Income taxes | 67/77 | €15,415 | €3,264 | -€12,150 | -78.8% |
| Profit (loss) for the period | 9904 | €38,283 | €5,024 | -€33,259 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,283 | €5,024 | -€33,259 | -86.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.