VERSLUYS - LOETE: 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 - LOETE
Largest movements
- Tangible fixed assets -€19,626
down €19,626 (-23.4%), from €84,052 to €64,425
of which Furniture and vehicles: -€14,447
- Current investments +€9,044
up €9,044 (+11.8%), from €76,841 to €85,885
- Stocks and contracts +€5,811
up €5,811 (+3.6%), from €163,326 to €169,138
- Debts after one year -€12,482
down €12,482 (-40.3%), from €30,970 to €18,488
- Trade debts +€7,689
up €7,689 (+81.3%), from €9,463 to €17,153
- Reserves +€7,146
up €7,146 (+10.4%), from €69,007 to €76,154
- Current portion of long-term debt -€4,549
down €4,549 (-26.7%), from €17,031 to €12,482
- Depreciation -€4,337
down €4,337 (-18.1%), from €23,963 to €19,626
- Write-downs +€3,387
new in 2025: €3,387
- Gross operating margin +€3,073
up €3,073 (+8.3%), from €37,009 to €40,082
- Taxes +€1,378
up €1,378 (+51.9%), from €2,654 to €4,032
- Financial charges +€582
up €582 (+12.4%), from €4,688 to €5,271
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 | €346,273 | €346,819 | +€546 | +0.2% |
| Fixed assets | 21/28 | €84,052 | €64,425 | -€19,626 | -23.4% |
| Tangible fixed assets | 22/27 | €84,052 | €64,425 | -€19,626 | -23.4% |
| Land and buildings | 22 | €7,376 | €5,881 | -€1,494 | -20.3% |
| Plant, machinery and equipment | 23 | €27,272 | €23,587 | -€3,685 | -13.5% |
| Furniture and vehicles | 24 | €49,404 | €34,957 | -€14,447 | -29.2% |
| Current assets | 29/58 | €262,221 | €282,394 | +€20,173 | +7.7% |
| Stocks and contracts in progress | 3 | €163,326 | €169,138 | +€5,811 | +3.6% |
| Stocks | 30/36 | €163,326 | €169,138 | +€5,811 | +3.6% |
| Amounts receivable within one year | 40/41 | €17,756 | €19,697 | +€1,942 | +10.9% |
| Trade receivables | 40 | €14,307 | €19,697 | +€5,390 | +37.7% |
| Other amounts receivable | 41 | €3,449 | - | -€3,449 | |
| Current investments | 50/53 | €76,841 | €85,885 | +€9,044 | +11.8% |
| Cash at bank and in hand | 54/58 | €2,401 | €4,029 | +€1,629 | +67.9% |
| Deferred charges and accrued income | 490/1 | €1,897 | €3,644 | +€1,747 | +92.1% |
| Total equity and liabilities | 10/49 | €346,273 | €346,819 | +€546 | +0.2% |
| Equity | 10/15 | €283,528 | €290,674 | +€7,146 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,007 | €76,154 | +€7,146 | +10.4% |
| Distributable reserves | 133 | €69,007 | €76,154 | +€7,146 | +10.4% |
| Profit (loss) carried forward | 14 | €195,921 | €195,921 | = | 0.0% |
| Amounts payable | 17/49 | €62,745 | €56,145 | -€6,600 | -10.5% |
| Amounts payable after more than one year | 17 | €30,970 | €18,488 | -€12,482 | -40.3% |
| Financial debts | 170/4 | €30,970 | €18,488 | -€12,482 | -40.3% |
| Amounts payable within one year | 42/48 | €31,775 | €37,657 | +€5,882 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €17,031 | €12,482 | -€4,549 | -26.7% |
| Trade debts | 44 | €9,463 | €17,153 | +€7,689 | +81.3% |
| Suppliers | 440/4 | €9,463 | €17,153 | +€7,689 | +81.3% |
| Taxes, remuneration and social security | 45 | €5,281 | €8,022 | +€2,741 | +51.9% |
| Taxes | 450/3 | €5,281 | €8,022 | +€2,741 | +51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,963 | €19,626 | -€4,337 | -18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,387 | +€3,387 | |
| Other operating charges | 640/8 | €1,765 | €1,686 | -€79 | -4.5% |
| Gross operating margin | 9900 | €37,009 | €40,082 | +€3,073 | +8.3% |
| Operating profit (loss) | 9901 | €11,281 | €15,383 | +€4,102 | +36.4% |
| Financial income | 75/76B | €525 | €1,067 | +€542 | +103% |
| Recurring financial income | 75 | €525 | €1,067 | +€542 | +103% |
| Financial charges | 65/66B | €4,688 | €5,271 | +€582 | +12.4% |
| Recurring financial charges | 65 | €4,688 | €5,271 | +€582 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €7,117 | €11,178 | +€4,061 | +57.1% |
| Income taxes | 67/77 | €2,654 | €4,032 | +€1,378 | +51.9% |
| Profit (loss) for the period | 9904 | €4,463 | €7,146 | +€2,683 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,463 | €7,146 | +€2,683 | +60.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.