VERSET-RANSQUIN: 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.
VERSET-RANSQUIN
Largest movements
- Receivables within one year +€78,082
up €78,082 (+32.3%), from €241,813 to €319,895
of which Trade receivables: +€77,688
- Cash -€33,349
down €33,349 (-23.6%), from €141,225 to €107,876
mainly Receivables within one year (-€78,082) and Tax, wage and social debts (-€20,253)
- Tangible fixed assets -€12,489
down €12,489 (-26.3%), from €47,516 to €35,028
of which Furniture and vehicles: -€7,820
- Short-term financial debts +€65,632
up €65,632 (+166.5%), from €39,409 to €105,041
- Tax, wage and social debts -€20,253
down €20,253 (-43.2%), from €46,928 to €26,675
of which Taxes: -€19,508
- Trade debts -€17,786
down €17,786 (-7.4%), from €241,228 to €223,443
- Debts after one year -€14,846
down €14,846 (-36.8%), from €40,381 to €25,536
- Profit (loss) carried forward +€6,447
up €6,447 (+81.3%), from €7,931 to €14,378
- Staff costs +€46,161
up €46,161 (+82.5%), from €55,984 to €102,144
- Write-downs -€31,111
down €31,111 (-88.6%), from €35,111 to €4,000
- Gross operating margin +€14,706
up €14,706 (+9.5%), from €155,450 to €170,156
- Financial charges +€7,761
up €7,761 (+73.1%), from €10,614 to €18,375
- Depreciation -€4,579
down €4,579 (-26.8%), from €17,068 to €12,488
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €595,367 | €620,685 | +€25,318 | +4.3% |
| Fixed assets | 21/28 | €49,002 | €36,514 | -€12,489 | -25.5% |
| Tangible fixed assets | 22/27 | €47,516 | €35,028 | -€12,489 | -26.3% |
| Plant, machinery and equipment | 23 | €255 | - | -€255 | |
| Furniture and vehicles | 24 | €23,120 | €15,300 | -€7,820 | -33.8% |
| Other tangible fixed assets | 26 | €24,141 | €19,727 | -€4,414 | -18.3% |
| Financial fixed assets | 28 | €1,486 | €1,486 | = | 0.0% |
| Current assets | 29/58 | €546,365 | €584,171 | +€37,807 | +6.9% |
| Stocks and contracts in progress | 3 | €161,101 | €156,401 | -€4,700 | -2.9% |
| Stocks | 30/36 | €161,101 | €156,401 | -€4,700 | -2.9% |
| Amounts receivable within one year | 40/41 | €241,813 | €319,895 | +€78,082 | +32.3% |
| Trade receivables | 40 | €241,813 | €319,501 | +€77,688 | +32.1% |
| Other amounts receivable | 41 | €0 | €394 | +€394 | |
| Cash at bank and in hand | 54/58 | €141,225 | €107,876 | -€33,349 | -23.6% |
| Deferred charges and accrued income | 490/1 | €2,226 | - | -€2,226 | |
| Total equity and liabilities | 10/49 | €595,367 | €620,685 | +€25,318 | +4.3% |
| Equity | 10/15 | €205,431 | €211,878 | +€6,447 | +3.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €47,500 | €47,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,500 | €32,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,931 | €14,378 | +€6,447 | +81.3% |
| Amounts payable | 17/49 | €389,936 | €408,807 | +€18,871 | +4.8% |
| Amounts payable after more than one year | 17 | €40,381 | €25,536 | -€14,846 | -36.8% |
| Financial debts | 170/4 | €40,381 | €25,536 | -€14,846 | -36.8% |
| Amounts payable within one year | 42/48 | €349,074 | €382,372 | +€33,297 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €14,466 | €14,853 | +€387 | +2.7% |
| Financial debts | 43 | €39,409 | €105,041 | +€65,632 | +166.5% |
| Credit institutions | 430/8 | €39,409 | €105,041 | +€65,632 | +166.5% |
| Trade debts | 44 | €241,228 | €223,443 | -€17,786 | -7.4% |
| Suppliers | 440/4 | €241,228 | €223,443 | -€17,786 | -7.4% |
| Taxes, remuneration and social security | 45 | €46,928 | €26,675 | -€20,253 | -43.2% |
| Taxes | 450/3 | €39,487 | €19,979 | -€19,508 | -49.4% |
| Remuneration and social security | 454/9 | €7,442 | €6,697 | -€745 | -10.0% |
| Other amounts payable | 47/48 | €7,043 | €12,360 | +€5,317 | +75.5% |
| Accrued charges and deferred income | 492/3 | €481 | €900 | +€419 | +87.2% |
| Non-recurring operating income | 76A | €41 | €22,480 | +€22,438 | +54172.6% |
| Remuneration, social security and pensions | 62 | €55,984 | €102,144 | +€46,161 | +82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,068 | €12,488 | -€4,579 | -26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,111 | €4,000 | -€31,111 | -88.6% |
| Other operating charges | 640/8 | €5,884 | €6,169 | +€285 | +4.8% |
| Non-recurring operating charges | 66A | €6,748 | €21,365 | +€14,618 | +216.6% |
| Gross operating margin | 9900 | €155,450 | €170,156 | +€14,706 | +9.5% |
| Operating profit (loss) | 9901 | €34,656 | €23,989 | -€10,667 | -30.8% |
| Financial income | 75/76B | €15 | €1,084 | +€1,069 | +7077.1% |
| Recurring financial income | 75 | €15 | €1,084 | +€1,069 | +7077.1% |
| Financial charges | 65/66B | €10,614 | €18,375 | +€7,761 | +73.1% |
| Recurring financial charges | 65 | €10,614 | €18,375 | +€7,761 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | €24,057 | €6,698 | -€17,359 | -72.2% |
| Income taxes | 67/77 | €277 | €251 | -€25 | -9.2% |
| Profit (loss) for the period | 9904 | €23,781 | €6,447 | -€17,334 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,781 | €6,447 | -€17,334 | -72.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.