VERSLUYS: what changed
What changed
VERSLUYS
NACE 43.110, Demolition
filed annual accounts (NBB)
Net result for the year
-€56,658
2024 · €25,202-€81,860
Equity
€572,465
2024 · €629,123-€56,658
Cash
€10,006
2024 · €31,262-€21,257
Balance sheet total
€844,708
2024 · €881,310-€36,602
Largest movements
Assets
- Stocks and contracts -€73,205
down €73,205 (-68.4%), from €107,064 to €33,859
- Tangible fixed assets +€47,402
up €47,402 (+9.7%), from €488,412 to €535,814
of which Leasing and similar rights: +€72,848
- Cash -€21,257
down €21,257 (-68.0%), from €31,262 to €10,006
mainly Investment in fixed assets (net) (-€101,126) and Net result for the year (-€56,658)
- Receivables after one year +€12,340
up €12,340 (+23.2%), from €53,198 to €65,538
Equity and liabilities
- Profit (loss) carried forward -€56,658
new in 2025: -€56,658
- Debts after one year +€45,042
up €45,042 (+47.7%), from €94,333 to €139,375
of which Financial debts: +€50,365
- Tax, wage and social debts -€34,683
down €34,683 (-67.0%), from €51,767 to €17,084
of which Remuneration and social security: -€30,409
- Current portion of long-term debt +€11,516
up €11,516 (+49.3%), from €23,362 to €34,878
Income statement
- Gross operating margin -€74,164
down €74,164 (-13.3%), from €556,101 to €481,937
- Depreciation +€14,825
up €14,825 (+38.1%), from €38,899 to €53,724
- Taxes -€14,778
down €14,778 (-98.8%), from €14,957 to €179
- Staff costs +€14,775
up €14,775 (+3.3%), from €452,721 to €467,496
- Other operating charges -€8,026
down €8,026 (-41.6%), from €19,300 to €11,274
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.
Result 2024
€25,202
Gross operating margin
-€74,164
Staff costs
-€14,775
Depreciation
-€14,825
Other operating charges
+€8,026
Financial income
+€438
Financial charges
-€1,338
Taxes
+€14,778
Result 2025
-€56,658
raises the resultlowers the result
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.
From operations
+€23,311
Investment
-€101,126
Financing
+€56,558
Cash 2024
€31,262
From operations (derived)
+€23,311
Net result for the year
-€56,658
Depreciation
+€53,724
Receivables after one year
-€12,340
Stocks and contracts
+€73,205
Receivables within one year
+€1,632
Smaller working-capital items
+€350
Trade debts
-€1,919
Tax, wage and social debts
-€34,683
Investment (derived)
-€101,126
Investment in fixed assets (net)
-€101,126
Financing
+€56,558
Debts after one year
+€45,042
Current portion of long-term debt
+€11,516
Cash 2025
€10,006
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €881,310 | €844,708 | -€36,602 | -4.2% |
| Fixed assets | 21/28 | €491,087 | €538,490 | +€47,402 | +9.7% |
| Tangible fixed assets | 22/27 | €488,412 | €535,814 | +€47,402 | +9.7% |
| Land and buildings | 22 | €361,846 | €356,191 | -€5,656 | -1.6% |
| Plant, machinery and equipment | 23 | €48,393 | €37,929 | -€10,464 | -21.6% |
| Furniture and vehicles | 24 | €35,283 | €25,957 | -€9,326 | -26.4% |
| Leasing and similar rights | 25 | €42,890 | €115,737 | +€72,848 | +170% |
| Financial fixed assets | 28 | €2,675 | €2,675 | = | 0.0% |
| Current assets | 29/58 | €390,223 | €306,218 | -€84,004 | -21.5% |
| Amounts receivable after more than one year | 29 | €53,198 | €65,538 | +€12,340 | +23.2% |
| Other amounts receivable | 291 | €53,198 | €65,538 | +€12,340 | +23.2% |
| Stocks and contracts in progress | 3 | €107,064 | €33,859 | -€73,205 | -68.4% |
| Stocks | 30/36 | €107,064 | €33,859 | -€73,205 | -68.4% |
| Amounts receivable within one year | 40/41 | €189,231 | €187,598 | -€1,632 | -0.9% |
| Trade receivables | 40 | €154,653 | €185,626 | +€30,973 | +20.0% |
| Other amounts receivable | 41 | €34,578 | €1,972 | -€32,606 | -94.3% |
| Cash at bank and in hand | 54/58 | €31,262 | €10,006 | -€21,257 | -68.0% |
| Deferred charges and accrued income | 490/1 | €9,467 | €9,217 | -€250 | -2.6% |
| Total equity and liabilities | 10/49 | €881,310 | €844,708 | -€36,602 | -4.2% |
| Equity | 10/15 | €629,123 | €572,465 | -€56,658 | -9.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €295,234 | €290,484 | -€4,750 | -1.6% |
| Reserves | 13 | €208,889 | €213,639 | +€4,750 | +2.3% |
| Non-distributable reserves | 130/1 | €12,533 | €12,533 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €33 | €33 | = | 0.0% |
| Distributable reserves | 133 | €196,356 | €201,106 | +€4,750 | +2.4% |
| Profit (loss) carried forward | 14 | - | -€56,658 | -€56,658 | |
| Amounts payable | 17/49 | €252,187 | €272,243 | +€20,056 | +8.0% |
| Amounts payable after more than one year | 17 | €94,333 | €139,375 | +€45,042 | +47.7% |
| Financial debts | 170/4 | €72,246 | €122,611 | +€50,365 | +69.7% |
| Other amounts payable | 178/9 | €22,087 | €16,765 | -€5,322 | -24.1% |
| Amounts payable within one year | 42/48 | €156,362 | €131,275 | -€25,087 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €23,362 | €34,878 | +€11,516 | +49.3% |
| Trade debts | 44 | €81,232 | €79,313 | -€1,919 | -2.4% |
| Suppliers | 440/4 | €81,232 | €79,313 | -€1,919 | -2.4% |
| Taxes, remuneration and social security | 45 | €51,767 | €17,084 | -€34,683 | -67.0% |
| Taxes | 450/3 | €4,442 | €168 | -€4,274 | -96.2% |
| Remuneration and social security | 454/9 | €47,325 | €16,916 | -€30,409 | -64.3% |
| Accrued charges and deferred income | 492/3 | €1,492 | €1,593 | +€100 | +6.7% |
| Non-recurring operating income | 76A | €2,600 | €989 | -€1,611 | -62.0% |
| Remuneration, social security and pensions | 62 | €452,721 | €467,496 | +€14,775 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,899 | €53,724 | +€14,825 | +38.1% |
| Other operating charges | 640/8 | €19,300 | €11,274 | -€8,026 | -41.6% |
| Gross operating margin | 9900 | €556,101 | €481,937 | -€74,164 | -13.3% |
| Operating profit (loss) | 9901 | €45,181 | -€50,556 | -€95,738 | |
| Financial income | 75/76B | €3,070 | €3,508 | +€438 | +14.3% |
| Recurring financial income | 75 | €3,070 | €3,508 | +€438 | +14.3% |
| Financial charges | 65/66B | €8,092 | €9,431 | +€1,338 | +16.5% |
| Recurring financial charges | 65 | €8,092 | €9,431 | +€1,338 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €40,159 | -€56,479 | -€96,638 | |
| Income taxes | 67/77 | €14,957 | €179 | -€14,778 | -98.8% |
| Profit (loss) for the period | 9904 | €25,202 | -€56,658 | -€81,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,202 | -€56,658 | -€81,860 |
Next steps
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Calculation and sources
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 2 November 2026 via checked.be.