VERSIM: 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.
VERSIM
Largest movements
- Cash +€24,493
up €24,493 (+41.6%), from €58,845 to €83,338
mainly Trade debts (+€11,600) and Receivables within one year (+€7,661)
- Receivables within one year -€7,661
down €7,661 (-5.1%), from €149,550 to €141,889
of which Other amounts receivable: -€8,928
- Tangible fixed assets -€6,318
down €6,318 (-31.1%), from €20,315 to €13,997
of which Furniture and vehicles: -€5,000
- Trade debts +€11,600
up €11,600 (+100.0%), from €11,604 to €23,204
- Staff costs +€9,553
up €9,553 (+77.7%), from €12,299 to €21,852
- Gross operating margin -€5,354
down €5,354 (-14.4%), from €37,136 to €31,782
- Taxes -€4,287
down €4,287 (-64.6%), from €6,641 to €2,354
- Financial income -€1,496
down €1,496 (-17.7%), from €8,454 to €6,959
- Financial charges -€548
down €548 (-30.0%), from €1,827 to €1,279
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 | €230,735 | €241,183 | +€10,448 | +4.5% |
| Fixed assets | 21/28 | €20,315 | €13,997 | -€6,318 | -31.1% |
| Tangible fixed assets | 22/27 | €20,315 | €13,997 | -€6,318 | -31.1% |
| Plant, machinery and equipment | 23 | €3,000 | €1,682 | -€1,318 | -43.9% |
| Furniture and vehicles | 24 | €17,315 | €12,315 | -€5,000 | -28.9% |
| Current assets | 29/58 | €210,420 | €227,186 | +€16,766 | +8.0% |
| Amounts receivable within one year | 40/41 | €149,550 | €141,889 | -€7,661 | -5.1% |
| Trade receivables | 40 | €14,846 | €16,114 | +€1,268 | +8.5% |
| Other amounts receivable | 41 | €134,703 | €125,775 | -€8,928 | -6.6% |
| Cash at bank and in hand | 54/58 | €58,845 | €83,338 | +€24,493 | +41.6% |
| Deferred charges and accrued income | 490/1 | €2,025 | €1,959 | -€66 | -3.3% |
| Total equity and liabilities | 10/49 | €230,735 | €241,183 | +€10,448 | +4.5% |
| Equity | 10/15 | €210,819 | €211,262 | +€443 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,219 | €192,662 | +€443 | +0.2% |
| Distributable reserves | 133 | €192,219 | €192,662 | +€443 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,916 | €29,921 | +€10,005 | +50.2% |
| Amounts payable within one year | 42/48 | €19,916 | €29,921 | +€10,005 | +50.2% |
| Trade debts | 44 | €11,604 | €23,204 | +€11,600 | +100.0% |
| Suppliers | 440/4 | €11,604 | €23,204 | +€11,600 | +100.0% |
| Taxes, remuneration and social security | 45 | €8,313 | €6,717 | -€1,596 | -19.2% |
| Taxes | 450/3 | €7,532 | €2,164 | -€5,368 | -71.3% |
| Remuneration and social security | 454/9 | €781 | €4,553 | +€3,772 | +483.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €12,299 | €21,852 | +€9,553 | +77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,403 | €6,318 | -€85 | -1.3% |
| Other operating charges | 640/8 | €709 | €668 | -€41 | -5.8% |
| Gross operating margin | 9900 | €37,136 | €31,782 | -€5,354 | -14.4% |
| Operating profit (loss) | 9901 | €17,724 | €2,944 | -€14,781 | -83.4% |
| Financial income | 75/76B | €8,454 | €6,959 | -€1,496 | -17.7% |
| Recurring financial income | 75 | €8,454 | €6,959 | -€1,496 | -17.7% |
| Financial charges | 65/66B | €1,827 | €1,279 | -€548 | -30.0% |
| Recurring financial charges | 65 | €1,827 | €1,279 | -€548 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €24,352 | €8,624 | -€15,728 | -64.6% |
| Income taxes | 67/77 | €6,641 | €2,354 | -€4,287 | -64.6% |
| Profit (loss) for the period | 9904 | €17,710 | €6,270 | -€11,440 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,710 | €6,270 | -€11,440 | -64.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.