Versawest: 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.
Versawest
Largest movements
- Receivables within one year -€36,902
down €36,902 (-85.2%), from €43,324 to €6,422
of which Other amounts receivable: -€25,558
- Tangible fixed assets -€18,100
down €18,100 (-27.6%), from €65,520 to €47,421
of which Furniture and vehicles: -€16,925
- Receivables after one year -€17,753
no longer reported in 2025 (was €17,753)
- Cash +€7,341
up €7,341 (+3509.6%), from €209 to €7,550
mainly Net result for the year (+€72,566) and Receivables within one year (+€36,902)
- Debts after one year -€72,327
down €72,327 (-75.0%), from €96,417 to €24,090
- Reserves +€35,172
up €35,172 (+10.7%), from €327,620 to €362,793
- Other debts -€30,607
down €30,607 (-31.2%), from €97,991 to €67,384
- Financial income +€39,362
up €39,362 (+2250.7%), from €1,749 to €41,111
- Other operating charges -€5,442
down €5,442 (-83.4%), from €6,522 to €1,080
- Taxes +€4,701
up €4,701 (+25.5%), from €18,410 to €23,111
- Financial charges -€2,367
down €2,367 (-41.9%), from €5,644 to €3,277
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 | €640,313 | €571,959 | -€68,354 | -10.7% |
| Fixed assets | 21/28 | €575,520 | €557,421 | -€18,100 | -3.1% |
| Tangible fixed assets | 22/27 | €65,520 | €47,421 | -€18,100 | -27.6% |
| Furniture and vehicles | 24 | €61,997 | €45,072 | -€16,925 | -27.3% |
| Other tangible fixed assets | 26 | €3,523 | €2,349 | -€1,174 | -33.3% |
| Financial fixed assets | 28 | €510,000 | €510,000 | = | 0.0% |
| Current assets | 29/58 | €64,793 | €14,539 | -€50,254 | -77.6% |
| Amounts receivable after more than one year | 29 | €17,753 | - | -€17,753 | |
| Other amounts receivable | 291 | €17,753 | - | -€17,753 | |
| Amounts receivable within one year | 40/41 | €43,324 | €6,422 | -€36,902 | -85.2% |
| Trade receivables | 40 | €11,344 | - | -€11,344 | |
| Other amounts receivable | 41 | €31,980 | €6,422 | -€25,558 | -79.9% |
| Cash at bank and in hand | 54/58 | €209 | €7,550 | +€7,341 | +3509.6% |
| Deferred charges and accrued income | 490/1 | €3,506 | €566 | -€2,939 | -83.8% |
| Total equity and liabilities | 10/49 | €640,313 | €571,959 | -€68,354 | -10.7% |
| Equity | 10/15 | €346,220 | €381,393 | +€35,172 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,620 | €362,793 | +€35,172 | +10.7% |
| Distributable reserves | 133 | €327,620 | €362,793 | +€35,172 | +10.7% |
| Amounts payable | 17/49 | €294,093 | €190,567 | -€103,526 | -35.2% |
| Amounts payable after more than one year | 17 | €96,417 | €24,090 | -€72,327 | -75.0% |
| Financial debts | 170/4 | €96,417 | €24,090 | -€72,327 | -75.0% |
| Amounts payable within one year | 42/48 | €197,550 | €166,476 | -€31,074 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €74,999 | €75,901 | +€902 | +1.2% |
| Trade debts | 44 | €8,750 | €2,514 | -€6,236 | -71.3% |
| Suppliers | 440/4 | €8,750 | €2,514 | -€6,236 | -71.3% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €15,810 | €18,677 | +€2,867 | +18.1% |
| Taxes | 450/3 | €15,810 | €18,174 | +€2,364 | +14.9% |
| Remuneration and social security | 454/9 | - | €503 | +€503 | |
| Other amounts payable | 47/48 | €97,991 | €67,384 | -€30,607 | -31.2% |
| Accrued charges and deferred income | 492/3 | €125 | - | -€125 | |
| Remuneration, social security and pensions | 62 | €2,016 | €2,016 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,100 | €18,100 | = | 0.0% |
| Other operating charges | 640/8 | €6,522 | €1,080 | -€5,442 | -83.4% |
| Gross operating margin | 9900 | €78,952 | €79,037 | +€85 | +0.1% |
| Operating profit (loss) | 9901 | €52,315 | €57,842 | +€5,528 | +10.6% |
| Financial income | 75/76B | €1,749 | €41,111 | +€39,362 | +2250.7% |
| Recurring financial income | 75 | €1,749 | €41,111 | +€39,362 | +2250.7% |
| Financial charges | 65/66B | €5,644 | €3,277 | -€2,367 | -41.9% |
| Recurring financial charges | 65 | €5,644 | €3,277 | -€2,367 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €48,420 | €95,676 | +€47,256 | +97.6% |
| Income taxes | 67/77 | €18,410 | €23,111 | +€4,701 | +25.5% |
| Profit (loss) for the period | 9904 | €30,010 | €72,566 | +€42,556 | +141.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,010 | €72,566 | +€42,556 | +141.8% |
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 10 October 2026 via checked.be.