Versavel Poperinge: 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.
Versavel Poperinge
Largest movements
- Cash -€182,519
down €182,519 (-36.1%), from €506,196 to €323,677
mainly Contributions, distributions and other (-€97,000) and Trade debts (-€95,678)
- Receivables within one year +€53,825
up €53,825 (+140%), from €38,554 to €92,379
of which Other amounts receivable: +€61,061
- Other debts +€97,000
new in 2025: €97,000
- Trade debts -€95,678
down €95,678 (-21.5%), from €444,424 to €348,745
- Debts after one year -€85,000
down €85,000 (-100%), from €85,000 to €0
- Current portion of long-term debt -€34,000
down €34,000 (-12.5%), from €272,000 to €238,000
- Tax, wage and social debts -€12,461
down €12,461 (-23.8%), from €52,455 to €39,995
of which Taxes: -€11,570
- Gross operating margin +€54,962
up €54,962 (+13.9%), from €394,023 to €448,986
- Taxes +€20,874
up €20,874 (+177%), from €11,823 to €32,697
- Staff costs +€20,197
up €20,197 (+9.0%), from €223,739 to €243,935
- Financial charges -€8,131
down €8,131 (-22.5%), from €36,185 to €28,054
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 | €1,050,652 | €913,083 | -€137,570 | -13.1% |
| Fixed assets | 21/28 | €402,354 | €389,032 | -€13,322 | -3.3% |
| Intangible fixed assets | 21 | €54,341 | €47,410 | -€6,931 | -12.8% |
| Tangible fixed assets | 22/27 | €348,013 | €341,622 | -€6,391 | -1.8% |
| Land and buildings | 22 | €169,370 | €179,295 | +€9,924 | +5.9% |
| Plant, machinery and equipment | 23 | €172,857 | €157,275 | -€15,582 | -9.0% |
| Furniture and vehicles | 24 | €5,785 | €5,052 | -€733 | -12.7% |
| Current assets | 29/58 | €648,299 | €524,051 | -€124,248 | -19.2% |
| Stocks and contracts in progress | 3 | €99,755 | €102,717 | +€2,961 | +3.0% |
| Stocks | 30/36 | €99,755 | €102,717 | +€2,961 | +3.0% |
| Amounts receivable within one year | 40/41 | €38,554 | €92,379 | +€53,825 | +140% |
| Trade receivables | 40 | €18,693 | €11,457 | -€7,236 | -38.7% |
| Other amounts receivable | 41 | €19,862 | €80,922 | +€61,061 | +307% |
| Cash at bank and in hand | 54/58 | €506,196 | €323,677 | -€182,519 | -36.1% |
| Deferred charges and accrued income | 490/1 | €3,793 | €5,278 | +€1,484 | +39.1% |
| Total equity and liabilities | 10/49 | €1,050,652 | €913,083 | -€137,570 | -13.1% |
| Equity | 10/15 | €188,439 | €189,343 | +€904 | +0.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €158,439 | €159,343 | +€904 | +0.6% |
| Distributable reserves | 133 | €158,439 | €159,343 | +€904 | +0.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €862,213 | €723,740 | -€138,473 | -16.1% |
| Amounts payable after more than one year | 17 | €85,000 | €0 | -€85,000 | -100% |
| Financial debts | 170/4 | €85,000 | €0 | -€85,000 | -100% |
| Amounts payable within one year | 42/48 | €768,879 | €723,740 | -€45,139 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €272,000 | €238,000 | -€34,000 | -12.5% |
| Trade debts | 44 | €444,424 | €348,745 | -€95,678 | -21.5% |
| Suppliers | 440/4 | €444,424 | €348,745 | -€95,678 | -21.5% |
| Taxes, remuneration and social security | 45 | €52,455 | €39,995 | -€12,461 | -23.8% |
| Taxes | 450/3 | €13,678 | €2,108 | -€11,570 | -84.6% |
| Remuneration and social security | 454/9 | €38,778 | €37,887 | -€891 | -2.3% |
| Other amounts payable | 47/48 | - | €97,000 | +€97,000 | |
| Accrued charges and deferred income | 492/3 | €8,334 | €0 | -€8,334 | -100% |
| Remuneration, social security and pensions | 62 | €223,739 | €243,935 | +€20,197 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,217 | €37,810 | +€2,593 | +7.4% |
| Other operating charges | 640/8 | €5,472 | €8,591 | +€3,118 | +57.0% |
| Gross operating margin | 9900 | €394,023 | €448,986 | +€54,962 | +13.9% |
| Operating profit (loss) | 9901 | €129,596 | €158,650 | +€29,055 | +22.4% |
| Financial income | 75/76B | €2 | €4 | +€2 | +119% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +119% |
| Financial charges | 65/66B | €36,185 | €28,054 | -€8,131 | -22.5% |
| Recurring financial charges | 65 | €36,185 | €28,054 | -€8,131 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €93,412 | €130,600 | +€37,188 | +39.8% |
| Income taxes | 67/77 | €11,823 | €32,697 | +€20,874 | +177% |
| Profit (loss) for the period | 9904 | €81,589 | €97,904 | +€16,314 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,589 | €97,904 | +€16,314 | +20.0% |
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 24 October 2026 via checked.be.