VERSIECK SANDER: 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.
VERSIECK SANDER
Largest movements
- Receivables within one year +€154,380
up €154,380 (+285%), from €54,232 to €208,612
of which Trade receivables: +€155,235
- Cash -€127,939
down €127,939 (-36.6%), from €349,308 to €221,369
mainly Receivables within one year (-€154,380) and Contributions, distributions and other (-€46,462)
- Tangible fixed assets -€37,625
down €37,625 (-10.6%), from €356,616 to €318,991
of which Land and buildings: -€23,395
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€22,341
up €22,341 (+7,192%), from €311 to €22,651
- Staff costs +€10,245
up €10,245 (+6.4%), from €159,923 to €170,167
- Gross operating margin +€6,888
up €6,888 (+2.3%), from €303,781 to €310,669
- Taxes -€6,109
down €6,109 (-26.5%), from €23,027 to €16,918
- Depreciation +€3,510
up €3,510 (+6.0%), from €58,028 to €61,538
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 | €782,585 | €775,049 | -€7,537 | -1.0% |
| Fixed assets | 21/28 | €356,616 | €318,991 | -€37,625 | -10.6% |
| Tangible fixed assets | 22/27 | €356,616 | €318,991 | -€37,625 | -10.6% |
| Land and buildings | 22 | €202,490 | €179,095 | -€23,395 | -11.6% |
| Plant, machinery and equipment | 23 | €14,644 | €16,209 | +€1,564 | +10.7% |
| Furniture and vehicles | 24 | €139,482 | €123,687 | -€15,795 | -11.3% |
| Current assets | 29/58 | €425,969 | €456,058 | +€30,089 | +7.1% |
| Stocks and contracts in progress | 3 | €12,500 | €12,500 | = | 0.0% |
| Stocks | 30/36 | €12,500 | €12,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,232 | €208,612 | +€154,380 | +285% |
| Trade receivables | 40 | €31,694 | €186,929 | +€155,235 | +490% |
| Other amounts receivable | 41 | €22,537 | €21,683 | -€854 | -3.8% |
| Current investments | 50/53 | - | €3,107 | +€3,107 | |
| Cash at bank and in hand | 54/58 | €349,308 | €221,369 | -€127,939 | -36.6% |
| Deferred charges and accrued income | 490/1 | €9,929 | €10,470 | +€540 | +5.4% |
| Total equity and liabilities | 10/49 | €782,585 | €775,049 | -€7,537 | -1.0% |
| Equity | 10/15 | €761,566 | €757,597 | -€3,969 | -0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €741,566 | €737,597 | -€3,969 | -0.5% |
| Distributable reserves | 133 | €741,566 | €737,597 | -€3,969 | -0.5% |
| Amounts payable | 17/49 | €21,019 | €17,451 | -€3,568 | -17.0% |
| Amounts payable within one year | 42/48 | €21,019 | €17,451 | -€3,568 | -17.0% |
| Trade debts | 44 | €14,682 | €17,051 | +€2,369 | +16.1% |
| Suppliers | 440/4 | €14,682 | €17,051 | +€2,369 | +16.1% |
| Taxes, remuneration and social security | 45 | €4,843 | €400 | -€4,442 | -91.7% |
| Taxes | 450/3 | €3,564 | €400 | -€3,164 | -88.8% |
| Remuneration and social security | 454/9 | €1,278 | - | -€1,278 | |
| Other amounts payable | 47/48 | €1,495 | - | -€1,495 | |
| Remuneration, social security and pensions | 62 | €159,923 | €170,167 | +€10,245 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,028 | €61,538 | +€3,510 | +6.0% |
| Other operating charges | 640/8 | €5,250 | €4,373 | -€877 | -16.7% |
| Gross operating margin | 9900 | €303,781 | €310,669 | +€6,888 | +2.3% |
| Operating profit (loss) | 9901 | €80,581 | €74,590 | -€5,991 | -7.4% |
| Financial income | 75/76B | €6,308 | €7,472 | +€1,163 | +18.4% |
| Recurring financial income | 75 | €6,308 | €7,472 | +€1,163 | +18.4% |
| Financial charges | 65/66B | €311 | €22,651 | +€22,341 | +7,192% |
| Recurring financial charges | 65 | €311 | €22,651 | +€22,341 | +7,192% |
| Profit (loss) for the period before taxes | 9903 | €86,579 | €59,411 | -€27,168 | -31.4% |
| Income taxes | 67/77 | €23,027 | €16,918 | -€6,109 | -26.5% |
| Profit (loss) for the period | 9904 | €63,552 | €42,493 | -€21,059 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,552 | €42,493 | -€21,059 | -33.1% |
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 26 October 2026 via checked.be.