VERSLUYS GEERT: 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.
VERSLUYS GEERT
Largest movements
- Receivables within one year -€29,200
down €29,200 (-63.7%), from €45,872 to €16,672
of which Other amounts receivable: -€32,773
- Tangible fixed assets -€27,046
down €27,046 (-14.4%), from €188,079 to €161,033
of which Leasing and similar rights: -€19,000
- Cash -€14,319
down €14,319 (-18.9%), from €75,918 to €61,599
mainly Contributions, distributions and other (-€65,813) and Trade debts (-€23,789)
- Reserves -€48,818
down €48,818 (-27.7%), from €176,134 to €127,316
- Other debts +€26,153
up €26,153, from €0 to €26,153
- Trade debts -€23,789
down €23,789 (-89.2%), from €26,683 to €2,894
- Debts after one year -€22,811
down €22,811 (-32.1%), from €71,099 to €48,289
- Depreciation +€18,536
up €18,536 (+165%), from €11,212 to €29,748
- Gross operating margin +€10,776
up €10,776 (+19.0%), from €56,722 to €67,498
- Other operating charges -€750
down €750 (-10.1%), from €7,442 to €6,692
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 | €312,088 | €242,202 | -€69,886 | -22.4% |
| Fixed assets | 21/28 | €189,579 | €162,533 | -€27,046 | -14.3% |
| Tangible fixed assets | 22/27 | €188,079 | €161,033 | -€27,046 | -14.4% |
| Land and buildings | 22 | €57,937 | €52,742 | -€5,194 | -9.0% |
| Plant, machinery and equipment | 23 | €2,102 | €1,233 | -€869 | -41.4% |
| Furniture and vehicles | 24 | €2,042 | €3,427 | +€1,386 | +67.9% |
| Leasing and similar rights | 25 | €91,781 | €72,781 | -€19,000 | -20.7% |
| Other tangible fixed assets | 26 | €34,218 | €30,850 | -€3,368 | -9.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €122,509 | €79,669 | -€42,840 | -35.0% |
| Amounts receivable within one year | 40/41 | €45,872 | €16,672 | -€29,200 | -63.7% |
| Trade receivables | 40 | €13,099 | €16,672 | +€3,573 | +27.3% |
| Other amounts receivable | 41 | €32,773 | €0 | -€32,773 | -100% |
| Cash at bank and in hand | 54/58 | €75,918 | €61,599 | -€14,319 | -18.9% |
| Deferred charges and accrued income | 490/1 | €719 | €1,398 | +€679 | +94.5% |
| Total equity and liabilities | 10/49 | €312,088 | €242,202 | -€69,886 | -22.4% |
| Equity | 10/15 | €188,534 | €139,716 | -€48,818 | -25.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €176,134 | €127,316 | -€48,818 | -27.7% |
| Distributable reserves | 133 | €176,134 | €127,316 | -€48,818 | -27.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €123,554 | €102,486 | -€21,068 | -17.1% |
| Amounts payable after more than one year | 17 | €71,099 | €48,289 | -€22,811 | -32.1% |
| Financial debts | 170/4 | €71,099 | €48,289 | -€22,811 | -32.1% |
| Amounts payable within one year | 42/48 | €52,455 | €54,198 | +€1,743 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €22,272 | €22,811 | +€539 | +2.4% |
| Trade debts | 44 | €26,683 | €2,894 | -€23,789 | -89.2% |
| Suppliers | 440/4 | €26,683 | €2,894 | -€23,789 | -89.2% |
| Taxes, remuneration and social security | 45 | €3,500 | €2,340 | -€1,160 | -33.1% |
| Taxes | 450/3 | €678 | €2,340 | +€1,663 | +245% |
| Remuneration and social security | 454/9 | €2,822 | €0 | -€2,822 | -100% |
| Other amounts payable | 47/48 | €0 | €26,153 | +€26,153 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,212 | €29,748 | +€18,536 | +165% |
| Other operating charges | 640/8 | €7,442 | €6,692 | -€750 | -10.1% |
| Non-recurring operating charges | 66A | - | €19 | +€19 | |
| Gross operating margin | 9900 | €56,722 | €67,498 | +€10,776 | +19.0% |
| Operating profit (loss) | 9901 | €38,068 | €31,040 | -€7,028 | -18.5% |
| Financial income | 75/76B | €835 | €273 | -€562 | -67.3% |
| Recurring financial income | 75 | €835 | €273 | -€562 | -67.3% |
| Financial charges | 65/66B | €2,671 | €2,555 | -€116 | -4.3% |
| Recurring financial charges | 65 | €2,671 | €2,555 | -€116 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €36,232 | €28,758 | -€7,474 | -20.6% |
| Income taxes | 67/77 | €12,152 | €11,763 | -€389 | -3.2% |
| Profit (loss) for the period | 9904 | €24,080 | €16,995 | -€7,085 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,080 | €16,995 | -€7,085 | -29.4% |
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 13 October 2026 via checked.be.