VersaWave: 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.
VersaWave
Largest movements
- Tangible fixed assets -€23,686
down €23,686 (-18.9%), from €125,177 to €101,490
of which Furniture and vehicles: -€21,707
- Cash -€13,680
down €13,680 (-48.2%), from €28,407 to €14,727
mainly Contributions, distributions and other (-€74,226) and Debts after one year (-€14,860)
- Receivables within one year -€2,659
down €2,659 (-9.2%), from €28,936 to €26,277
of which Trade receivables: -€2,039
- Reserves -€54,139
down €54,139 (-86.5%), from €62,622 to €8,483
- Other debts +€28,220
up €28,220 (+60.8%), from €46,416 to €74,636
- Debts after one year -€14,860
down €14,860 (-30.1%), from €49,409 to €34,549
- Trade debts -€3,243
down €3,243 (-81.5%), from €3,981 to €738
- Tax, wage and social debts +€3,175
up €3,175 (+51.8%), from €6,125 to €9,300
- Depreciation +€2,429
up €2,429 (+9.4%), from €25,832 to €28,261
- Gross operating margin +€972
up €972 (+1.7%), from €56,737 to €57,709
- Financial charges -€704
down €704 (-20.6%), from €3,425 to €2,721
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 | €185,205 | €144,566 | -€40,640 | -21.9% |
| Fixed assets | 21/28 | €125,177 | €101,490 | -€23,686 | -18.9% |
| Tangible fixed assets | 22/27 | €125,177 | €101,490 | -€23,686 | -18.9% |
| Plant, machinery and equipment | 23 | €1,361 | €2,554 | +€1,194 | +87.7% |
| Furniture and vehicles | 24 | €91,611 | €69,904 | -€21,707 | -23.7% |
| Other tangible fixed assets | 26 | €32,204 | €29,032 | -€3,173 | -9.9% |
| Current assets | 29/58 | €60,029 | €43,076 | -€16,953 | -28.2% |
| Stocks and contracts in progress | 3 | €708 | €971 | +€263 | +37.1% |
| Stocks | 30/36 | €708 | €971 | +€263 | +37.1% |
| Amounts receivable within one year | 40/41 | €28,936 | €26,277 | -€2,659 | -9.2% |
| Trade receivables | 40 | €27,449 | €25,410 | -€2,039 | -7.4% |
| Other amounts receivable | 41 | €1,486 | €867 | -€619 | -41.6% |
| Cash at bank and in hand | 54/58 | €28,407 | €14,727 | -€13,680 | -48.2% |
| Deferred charges and accrued income | 490/1 | €1,977 | €1,101 | -€877 | -44.3% |
| Total equity and liabilities | 10/49 | €185,205 | €144,566 | -€40,640 | -21.9% |
| Equity | 10/15 | €64,622 | €10,483 | -€54,139 | -83.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €62,622 | €8,483 | -€54,139 | -86.5% |
| Distributable reserves | 133 | €62,622 | €8,483 | -€54,139 | -86.5% |
| Amounts payable | 17/49 | €120,583 | €134,083 | +€13,499 | +11.2% |
| Amounts payable after more than one year | 17 | €49,409 | €34,549 | -€14,860 | -30.1% |
| Financial debts | 170/4 | €49,409 | €34,549 | -€14,860 | -30.1% |
| Amounts payable within one year | 42/48 | €70,738 | €99,534 | +€28,796 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €14,216 | €14,860 | +€644 | +4.5% |
| Trade debts | 44 | €3,981 | €738 | -€3,243 | -81.5% |
| Suppliers | 440/4 | €3,981 | €738 | -€3,243 | -81.5% |
| Taxes, remuneration and social security | 45 | €6,125 | €9,300 | +€3,175 | +51.8% |
| Taxes | 450/3 | €6,125 | €9,300 | +€3,175 | +51.8% |
| Other amounts payable | 47/48 | €46,416 | €74,636 | +€28,220 | +60.8% |
| Accrued charges and deferred income | 492/3 | €436 | - | -€436 | |
| Non-recurring operating income | 76A | - | €261 | +€261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,832 | €28,261 | +€2,429 | +9.4% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €56,737 | €57,709 | +€972 | +1.7% |
| Operating profit (loss) | 9901 | €30,403 | €28,941 | -€1,463 | -4.8% |
| Financial income | 75/76B | €2 | €1 | -€1 | -38.9% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -38.9% |
| Financial charges | 65/66B | €3,425 | €2,721 | -€704 | -20.6% |
| Recurring financial charges | 65 | €3,425 | €2,721 | -€704 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €26,981 | €26,221 | -€759 | -2.8% |
| Income taxes | 67/77 | €6,515 | €6,134 | -€381 | -5.8% |
| Profit (loss) for the period | 9904 | €20,465 | €20,087 | -€378 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,465 | €20,087 | -€378 | -1.8% |
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 9 October 2026 via checked.be.