VERSAVEL - VAN HEES: 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 - VAN HEES
Largest movements
- Cash -€262,211
down €262,211 (-36.6%), from €716,478 to €454,267
mainly Contributions, distributions and other (-€154,294) and Receivables within one year (-€76,035)
- Receivables within one year +€76,035
up €76,035 (+910%), from €8,353 to €84,388
of which Other amounts receivable: +€76,035
- Tangible fixed assets -€11,158
down €11,158 (-55.6%), from €20,076 to €8,918
- Reserves -€154,294
down €154,294 (-21.7%), from €710,395 to €556,101
of which Distributable reserves: -€154,294
- Profit (loss) carried forward -€31,038
down €31,038, from €904 to -€30,134
- Current portion of long-term debt -€10,536
down €10,536 (-100%), from €10,536 to €0
- Financial income -€12,838
down €12,838 (-72.3%), from €17,746 to €4,908
- Other operating charges -€5,349
down €5,349 (-74.6%), from €7,168 to €1,819
- Gross operating margin +€1,307
up €1,307 (+6.2%), from -€21,108 to -€19,801
- Staff costs -€1,115
down €1,115 (-100%), from €1,115 to €0
- Depreciation -€416
down €416 (-3.6%), from €11,574 to €11,158
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 | €745,246 | €547,912 | -€197,334 | -26.5% |
| Fixed assets | 21/28 | €20,076 | €8,918 | -€11,158 | -55.6% |
| Tangible fixed assets | 22/27 | €20,076 | €8,918 | -€11,158 | -55.6% |
| Furniture and vehicles | 24 | €20,076 | €8,918 | -€11,158 | -55.6% |
| Current assets | 29/58 | €725,170 | €538,994 | -€186,176 | -25.7% |
| Amounts receivable within one year | 40/41 | €8,353 | €84,388 | +€76,035 | +910% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8,353 | €84,388 | +€76,035 | +910% |
| Cash at bank and in hand | 54/58 | €716,478 | €454,267 | -€262,211 | -36.6% |
| Deferred charges and accrued income | 490/1 | €339 | €339 | = | 0.0% |
| Total equity and liabilities | 10/49 | €745,246 | €547,912 | -€197,334 | -26.5% |
| Equity | 10/15 | €729,899 | €544,567 | -€185,331 | -25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €710,395 | €556,101 | -€154,294 | -21.7% |
| 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 | €708,535 | €554,241 | -€154,294 | -21.8% |
| Profit (loss) carried forward | 14 | €904 | -€30,134 | -€31,038 | |
| Amounts payable | 17/49 | €15,347 | €3,344 | -€12,002 | -78.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,347 | €3,344 | -€12,002 | -78.2% |
| Current portion of amounts payable after more than one year | 42 | €10,536 | €0 | -€10,536 | -100% |
| Trade debts | 44 | €3,123 | €823 | -€2,299 | -73.6% |
| Suppliers | 440/4 | €3,123 | €823 | -€2,299 | -73.6% |
| Taxes, remuneration and social security | 45 | €1,631 | €2,521 | +€890 | +54.6% |
| Taxes | 450/3 | €1,631 | €2,521 | +€890 | +54.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €57 | €0 | -€57 | -100% |
| Non-recurring operating income | 76A | €14,476 | €0 | -€14,476 | -100% |
| Remuneration, social security and pensions | 62 | €1,115 | €0 | -€1,115 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,574 | €11,158 | -€416 | -3.6% |
| Other operating charges | 640/8 | €7,168 | €1,819 | -€5,349 | -74.6% |
| Gross operating margin | 9900 | -€21,108 | -€19,801 | +€1,307 | +6.2% |
| Operating profit (loss) | 9901 | -€40,966 | -€32,778 | +€8,188 | +20.0% |
| Financial income | 75/76B | €17,746 | €4,908 | -€12,838 | -72.3% |
| Recurring financial income | 75 | €17,746 | €4,908 | -€12,838 | -72.3% |
| Financial charges | 65/66B | €1,985 | €2,361 | +€376 | +18.9% |
| Recurring financial charges | 65 | €1,985 | €2,361 | +€376 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,205 | -€30,230 | -€5,025 | -19.9% |
| Income taxes | 67/77 | €786 | €808 | +€22 | +2.8% |
| Profit (loss) for the period | 9904 | -€25,990 | -€31,038 | -€5,047 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,990 | -€31,038 | -€5,047 | -19.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.