VERSILIA: 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.
VERSILIA
Largest movements
- Current investments -€53,559
down €53,559 (-4.0%), from €1.3m to €1.3m
- Tangible fixed assets -€14,458
down €14,458 (-30.7%), from €47,097 to €32,640
of which Furniture and vehicles: -€12,658
- Other debts -€75,900
no longer reported in 2025 (was €75,900)
- Financial income -€80,731
down €80,731 (-58.2%), from €138,779 to €58,048
of which Non-recurring financial income: -€75,513
- Gross operating margin +€7,065
up €7,065 (+30.7%), from -€22,977 to -€15,913
- Taxes -€7,045
down €7,045 (-95.1%), from €7,410 to €365
- Financial charges +€5,734
up €5,734 (+40.4%), from €14,189 to €19,923
of which Non-recurring financial charges: +€5,498
- Other operating charges -€1,542
down €1,542 (-29.5%), from €5,225 to €3,683
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 | €1,440,925 | €1,366,104 | -€74,821 | -5.2% |
| Fixed assets | 21/28 | €47,097 | €32,640 | -€14,458 | -30.7% |
| Tangible fixed assets | 22/27 | €47,097 | €32,640 | -€14,458 | -30.7% |
| Furniture and vehicles | 24 | €44,589 | €31,931 | -€12,658 | -28.4% |
| Other tangible fixed assets | 26 | €2,508 | €709 | -€1,799 | -71.7% |
| Current assets | 29/58 | €1,393,827 | €1,333,464 | -€60,363 | -4.3% |
| Amounts receivable within one year | 40/41 | €6,354 | €8,703 | +€2,349 | +37.0% |
| Other amounts receivable | 41 | €6,354 | €8,703 | +€2,349 | +37.0% |
| Current investments | 50/53 | €1,335,945 | €1,282,386 | -€53,559 | -4.0% |
| Cash at bank and in hand | 54/58 | €46,627 | €41,733 | -€4,894 | -10.5% |
| Deferred charges and accrued income | 490/1 | €4,901 | €642 | -€4,259 | -86.9% |
| Total equity and liabilities | 10/49 | €1,440,925 | €1,366,104 | -€74,821 | -5.2% |
| Equity | 10/15 | €1,362,511 | €1,364,854 | +€2,343 | +0.2% |
| Contributions | 10/11 | €116,314 | €116,314 | = | 0.0% |
| Reserves | 13 | €136,720 | €138,720 | +€2,000 | +1.5% |
| Non-distributable reserves | 130/1 | €14,720 | €14,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,720 | €14,720 | = | 0.0% |
| Distributable reserves | 133 | €122,000 | €124,000 | +€2,000 | +1.6% |
| Profit (loss) carried forward | 14 | €1,109,477 | €1,109,820 | +€343 | 0.0% |
| Amounts payable | 17/49 | €78,414 | €1,250 | -€77,164 | -98.4% |
| Amounts payable within one year | 42/48 | €75,904 | - | -€75,904 | |
| Trade debts | 44 | €4 | - | -€4 | |
| Suppliers | 440/4 | €4 | - | -€4 | |
| Other amounts payable | 47/48 | €75,900 | - | -€75,900 | |
| Accrued charges and deferred income | 492/3 | €2,510 | €1,250 | -€1,260 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,986 | €15,822 | -€164 | -1.0% |
| Other operating charges | 640/8 | €5,225 | €3,683 | -€1,542 | -29.5% |
| Gross operating margin | 9900 | -€22,977 | -€15,913 | +€7,065 | +30.7% |
| Operating profit (loss) | 9901 | -€44,188 | -€35,417 | +€8,771 | +19.8% |
| Financial income | 75/76B | €138,779 | €58,048 | -€80,731 | -58.2% |
| Recurring financial income | 75 | €29,947 | €24,728 | -€5,218 | -17.4% |
| Non-recurring financial income | 76B | €108,832 | €33,319 | -€75,513 | -69.4% |
| Financial charges | 65/66B | €14,189 | €19,923 | +€5,734 | +40.4% |
| Recurring financial charges | 65 | €14,189 | €14,424 | +€236 | +1.7% |
| Non-recurring financial charges | 66B | - | €5,498 | +€5,498 | |
| Profit (loss) for the period before taxes | 9903 | €80,402 | €2,708 | -€77,694 | -96.6% |
| Income taxes | 67/77 | €7,410 | €365 | -€7,045 | -95.1% |
| Profit (loss) for the period | 9904 | €72,992 | €2,343 | -€70,649 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,992 | €2,343 | -€70,649 | -96.8% |
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 21 October 2026 via checked.be.