VERSI: 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.
VERSI
Largest movements
- Cash -€83,373
down €83,373 (-56.1%), from €148,650 to €65,277
mainly Contributions, distributions and other (-€101,479) and Other debts (-€83,090)
- Receivables within one year +€20,514
up €20,514 (+78.2%), from €26,248 to €46,762
of which Trade receivables: +€20,514
- Tangible fixed assets -€5,114
down €5,114 (-46.8%), from €10,923 to €5,809
of which Furniture and vehicles: -€4,891
- Other debts -€83,090
down €83,090 (-50.3%), from €165,079 to €81,990
- Tax, wage and social debts +€6,732
up €6,732 (+92.8%), from €7,250 to €13,982
of which Taxes: +€6,732
- Profit (loss) carried forward +€4,621
up €4,621, from -€4,621 to €0
- Trade debts +€2,558
up €2,558 (+436%), from €586 to €3,144
- Gross operating margin +€95,945
up €95,945 (+188%), from €51,056 to €147,000
- Taxes +€23,046
up €23,046 (+269%), from €8,557 to €31,603
- Financial charges -€7,176
down €7,176 (-71.7%), from €10,013 to €2,837
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 | €186,845 | €118,979 | -€67,866 | -36.3% |
| Fixed assets | 21/28 | €10,923 | €5,809 | -€5,114 | -46.8% |
| Tangible fixed assets | 22/27 | €10,923 | €5,809 | -€5,114 | -46.8% |
| Furniture and vehicles | 24 | €9,266 | €4,375 | -€4,891 | -52.8% |
| Other tangible fixed assets | 26 | €1,658 | €1,435 | -€223 | -13.5% |
| Current assets | 29/58 | €175,921 | €113,169 | -€62,752 | -35.7% |
| Amounts receivable within one year | 40/41 | €26,248 | €46,762 | +€20,514 | +78.2% |
| Trade receivables | 40 | €18,806 | €39,320 | +€20,514 | +109% |
| Other amounts receivable | 41 | €7,443 | €7,443 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €148,650 | €65,277 | -€83,373 | -56.1% |
| Deferred charges and accrued income | 490/1 | €1,023 | €1,130 | +€106 | +10.4% |
| Total equity and liabilities | 10/49 | €186,845 | €118,979 | -€67,866 | -36.3% |
| Equity | 10/15 | €13,929 | €18,550 | +€4,621 | +33.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€4,621 | €0 | +€4,621 | |
| Amounts payable | 17/49 | €172,916 | €100,429 | -€72,487 | -41.9% |
| Amounts payable within one year | 42/48 | €172,916 | €99,116 | -€73,800 | -42.7% |
| Trade debts | 44 | €586 | €3,144 | +€2,558 | +436% |
| Suppliers | 440/4 | €586 | €3,144 | +€2,558 | +436% |
| Taxes, remuneration and social security | 45 | €7,250 | €13,982 | +€6,732 | +92.8% |
| Taxes | 450/3 | €4,250 | €10,982 | +€6,732 | +158% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €165,079 | €81,990 | -€83,090 | -50.3% |
| Accrued charges and deferred income | 492/3 | - | €1,313 | +€1,313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,467 | €5,114 | -€353 | -6.5% |
| Other operating charges | 640/8 | €1,643 | €1,355 | -€288 | -17.5% |
| Gross operating margin | 9900 | €51,056 | €147,000 | +€95,945 | +188% |
| Operating profit (loss) | 9901 | €43,945 | €140,532 | +€96,586 | +220% |
| Financial income | 75/76B | €4 | €9 | +€5 | +105% |
| Recurring financial income | 75 | €4 | €9 | +€5 | +105% |
| Financial charges | 65/66B | €10,013 | €2,837 | -€7,176 | -71.7% |
| Recurring financial charges | 65 | €10,013 | €2,837 | -€7,176 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €33,936 | €137,703 | +€103,767 | +306% |
| Income taxes | 67/77 | €8,557 | €31,603 | +€23,046 | +269% |
| Profit (loss) for the period | 9904 | €25,379 | €106,100 | +€80,721 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €25,379 | €106,100 | +€80,721 | +318% |
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 16 October 2026 via checked.be.