Versimmo: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Versimmo
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+72.9%), from €1.5m to €2.6m
of which Land and buildings: +€1.0m
- Receivables after one year -€125,000
down €125,000 (-100%), from €125,000 to €0
- Debts after one year +€871,739
up €871,739 (+84.3%), from €1.0m to €1.9m
of which Financial debts: +€1.0m
- Current portion of long-term debt +€73,600
up €73,600 (+81.6%), from €90,152 to €163,752
- Other debts +€51,726
up €51,726 (+45.0%), from €114,830 to €166,556
- Reserves -€28,560
down €28,560 (-46.7%), from €61,136 to €32,576
- Gross operating margin +€304,807
up €304,807 (+235%), from €129,799 to €434,606
- Depreciation +€206,781
up €206,781 (+278%), from €74,381 to €281,163
- Financial charges +€37,716
up €37,716 (+287%), from €13,133 to €50,849
- Taxes +€11,692
up €11,692 (+157%), from €7,435 to €19,127
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,693,786 | €2,676,397 | +€982,611 | +58.0% |
| Fixed assets | 21/28 | €1,508,745 | €2,608,969 | +€1.1m | +72.9% |
| Tangible fixed assets | 22/27 | €1,508,745 | €2,608,969 | +€1.1m | +72.9% |
| Land and buildings | 22 | €1,465,544 | €2,506,962 | +€1.0m | +71.1% |
| Plant, machinery and equipment | 23 | €4,328 | €3,868 | -€460 | -10.6% |
| Furniture and vehicles | 24 | €38,874 | €98,139 | +€59,265 | +152% |
| Current assets | 29/58 | €185,041 | €67,428 | -€117,612 | -63.6% |
| Amounts receivable after more than one year | 29 | €125,000 | €0 | -€125,000 | -100% |
| Other amounts receivable | 291 | €125,000 | €0 | -€125,000 | -100% |
| Amounts receivable within one year | 40/41 | €7,702 | €26,574 | +€18,871 | +245% |
| Trade receivables | 40 | €6,626 | €25,151 | +€18,525 | +280% |
| Other amounts receivable | 41 | €1,076 | €1,423 | +€346 | +32.2% |
| Cash at bank and in hand | 54/58 | €52,338 | €40,855 | -€11,483 | -21.9% |
| Total equity and liabilities | 10/49 | €1,693,786 | €2,676,397 | +€982,611 | +58.0% |
| Equity | 10/15 | €451,136 | €422,576 | -€28,560 | -6.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €61,136 | €32,576 | -€28,560 | -46.7% |
| Distributable reserves | 133 | €61,136 | €32,576 | -€28,560 | -46.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,242,650 | €2,253,822 | +€1.0m | +81.4% |
| Amounts payable after more than one year | 17 | €1,034,054 | €1,905,792 | +€871,739 | +84.3% |
| Financial debts | 170/4 | €864,054 | €1,885,792 | +€1.0m | +118% |
| Other amounts payable | 178/9 | €170,000 | €20,000 | -€150,000 | -88.2% |
| Amounts payable within one year | 42/48 | €208,596 | €348,029 | +€139,433 | +66.8% |
| Current portion of amounts payable after more than one year | 42 | €90,152 | €163,752 | +€73,600 | +81.6% |
| Trade debts | 44 | €2,180 | €2,160 | -€20 | -0.9% |
| Suppliers | 440/4 | €2,180 | €2,160 | -€20 | -0.9% |
| Taxes, remuneration and social security | 45 | €1,435 | €15,561 | +€14,127 | +985% |
| Taxes | 450/3 | €1,435 | €15,561 | +€14,127 | +985% |
| Other amounts payable | 47/48 | €114,830 | €166,556 | +€51,726 | +45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,381 | €281,163 | +€206,781 | +278% |
| Other operating charges | 640/8 | €9,854 | €9,097 | -€757 | -7.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €129,799 | €434,606 | +€304,807 | +235% |
| Operating profit (loss) | 9901 | €45,564 | €144,347 | +€98,783 | +217% |
| Financial income | 75/76B | €0 | €69 | +€69 | |
| Recurring financial income | 75 | €0 | €69 | +€69 | |
| Financial charges | 65/66B | €13,133 | €50,849 | +€37,716 | +287% |
| Recurring financial charges | 65 | €13,133 | €50,849 | +€37,716 | +287% |
| Profit (loss) for the period before taxes | 9903 | €32,430 | €93,566 | +€61,136 | +189% |
| Income taxes | 67/77 | €7,435 | €19,127 | +€11,692 | +157% |
| Profit (loss) for the period | 9904 | €24,996 | €74,440 | +€49,444 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €24,996 | €74,440 | +€49,444 | +198% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.