VERSIL: 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.
VERSIL
Largest movements
- Cash +€15,887
up €15,887 (+128.8%), from €12,332 to €28,218
mainly Other debts (+€12,224) and Depreciation (+€9,641)
- Tangible fixed assets -€7,061
down €7,061 (-33.8%), from €20,869 to €13,808
of which Furniture and vehicles: -€4,493
- Receivables within one year -€1,005
down €1,005 (-20.5%), from €4,897 to €3,892
of which Other amounts receivable: -€1,423
- Other debts +€12,224
new in 2025: €12,224
- Trade debts -€9,195
down €9,195 (-67.6%), from €13,605 to €4,410
- Profit (loss) carried forward +€5,660
up €5,660 (+13.1%), from -€43,355 to -€37,695
- Tax, wage and social debts -€868
no longer reported in 2025 (was €868)
of which Remuneration and social security: -€720
- Gross operating margin +€51,627
up €51,627, from -€33,103 to €18,524
- Depreciation +€860
up €860 (+9.8%), from €8,781 to €9,641
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 | €40,597 | €48,418 | +€7,821 | +19.3% |
| Fixed assets | 21/28 | €22,369 | €15,308 | -€7,061 | -31.6% |
| Tangible fixed assets | 22/27 | €20,869 | €13,808 | -€7,061 | -33.8% |
| Plant, machinery and equipment | 23 | €11,066 | €8,498 | -€2,569 | -23.2% |
| Furniture and vehicles | 24 | €9,803 | €5,310 | -€4,493 | -45.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €18,228 | €33,110 | +€14,882 | +81.6% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,897 | €3,892 | -€1,005 | -20.5% |
| Trade receivables | 40 | €1,935 | €2,353 | +€418 | +21.6% |
| Other amounts receivable | 41 | €2,962 | €1,539 | -€1,423 | -48.0% |
| Cash at bank and in hand | 54/58 | €12,332 | €28,218 | +€15,887 | +128.8% |
| Total equity and liabilities | 10/49 | €40,597 | €48,418 | +€7,821 | +19.3% |
| Equity | 10/15 | €26,125 | €31,785 | +€5,660 | +21.7% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €50,680 | €50,680 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,880 | €1,880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,880 | €1,880 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €32,800 | €32,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,355 | -€37,695 | +€5,660 | +13.1% |
| Amounts payable | 17/49 | €14,473 | €16,634 | +€2,161 | +14.9% |
| Amounts payable within one year | 42/48 | €14,473 | €16,634 | +€2,161 | +14.9% |
| Trade debts | 44 | €13,605 | €4,410 | -€9,195 | -67.6% |
| Suppliers | 440/4 | €13,605 | €4,410 | -€9,195 | -67.6% |
| Taxes, remuneration and social security | 45 | €868 | - | -€868 | |
| Taxes | 450/3 | €148 | - | -€148 | |
| Remuneration and social security | 454/9 | €720 | - | -€720 | |
| Other amounts payable | 47/48 | - | €12,224 | +€12,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,781 | €9,641 | +€860 | +9.8% |
| Other operating charges | 640/8 | €1,277 | €1,098 | -€179 | -14.0% |
| Non-recurring operating charges | 66A | - | €1,935 | +€1,935 | |
| Gross operating margin | 9900 | -€33,103 | €18,524 | +€51,627 | |
| Operating profit (loss) | 9901 | -€43,160 | €5,850 | +€49,010 | |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.9% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.9% |
| Financial charges | 65/66B | €317 | €190 | -€127 | -40.1% |
| Recurring financial charges | 65 | €317 | €190 | -€127 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,464 | €5,660 | +€49,124 | |
| Income taxes | 67/77 | -€60 | - | +€60 | |
| Profit (loss) for the period | 9904 | -€43,404 | €5,660 | +€49,064 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,404 | €5,660 | +€49,064 |
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 9 October 2026 via checked.be.