VERSNO: 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.
VERSNO
Largest movements
- Current investments +€24,000
up €24,000 (+23.5%), from €102,016 to €126,016
- Cash -€11,021
down €11,021 (-33.1%), from €33,258 to €22,236
mainly Contributions, distributions and other (-€30,345) and Current investments (-€24,000)
- Receivables within one year +€7,895
up €7,895 (+55.7%), from €14,186 to €22,081
of which Trade receivables: +€7,895
- Tangible fixed assets -€3,421
down €3,421 (-58.0%), from €5,895 to €2,474
of which Furniture and vehicles: -€3,237
- Other debts +€34,590
up €34,590 (+5005.5%), from €691 to €35,281
- Advances received -€15,972
no longer reported in 2025 (was €15,972)
- Debts after one year -€5,259
down €5,259 (-17.5%), from €29,968 to €24,709
- Trade debts +€3,757
up €3,757 (+576.1%), from €652 to €4,410
- Gross operating margin +€2,665
up €2,665 (+5.7%), from €47,099 to €49,764
- Depreciation -€1,628
down €1,628 (-28.9%), from €5,624 to €3,996
- Financial income -€1,080
no longer reported in 2025 (was €1,080)
- Other operating charges -€709
down €709 (-39.4%), from €1,798 to €1,089
- Taxes -€600
down €600 (-4.5%), from €13,358 to €12,758
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 | €157,634 | €174,738 | +€17,104 | +10.9% |
| Fixed assets | 21/28 | €7,589 | €3,969 | -€3,621 | -47.7% |
| Intangible fixed assets | 21 | €1,694 | €1,494 | -€200 | -11.8% |
| Tangible fixed assets | 22/27 | €5,895 | €2,474 | -€3,421 | -58.0% |
| Plant, machinery and equipment | 23 | €553 | €369 | -€184 | -33.3% |
| Furniture and vehicles | 24 | €5,342 | €2,106 | -€3,237 | -60.6% |
| Current assets | 29/58 | €150,045 | €170,769 | +€20,725 | +13.8% |
| Amounts receivable within one year | 40/41 | €14,186 | €22,081 | +€7,895 | +55.7% |
| Trade receivables | 40 | €13,736 | €21,631 | +€7,895 | +57.5% |
| Other amounts receivable | 41 | €450 | €450 | = | 0.0% |
| Current investments | 50/53 | €102,016 | €126,016 | +€24,000 | +23.5% |
| Cash at bank and in hand | 54/58 | €33,258 | €22,236 | -€11,021 | -33.1% |
| Deferred charges and accrued income | 490/1 | €585 | €436 | -€149 | -25.5% |
| Total equity and liabilities | 10/49 | €157,634 | €174,738 | +€17,104 | +10.9% |
| Equity | 10/15 | €102,384 | €102,384 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,784 | €83,784 | = | 0.0% |
| Distributable reserves | 133 | €83,784 | €83,784 | = | 0.0% |
| Amounts payable | 17/49 | €55,250 | €72,354 | +€17,104 | +31.0% |
| Amounts payable after more than one year | 17 | €29,968 | €24,709 | -€5,259 | -17.5% |
| Other amounts payable | 178/9 | €29,968 | €24,709 | -€5,259 | -17.5% |
| Amounts payable within one year | 42/48 | €23,425 | €46,081 | +€22,656 | +96.7% |
| Trade debts | 44 | €652 | €4,410 | +€3,757 | +576.1% |
| Suppliers | 440/4 | €652 | €4,410 | +€3,757 | +576.1% |
| Advances received on contracts in progress | 46 | €15,972 | - | -€15,972 | |
| Taxes, remuneration and social security | 45 | €6,110 | €6,391 | +€281 | +4.6% |
| Taxes | 450/3 | €6,110 | €6,391 | +€281 | +4.6% |
| Other amounts payable | 47/48 | €691 | €35,281 | +€34,590 | +5005.5% |
| Accrued charges and deferred income | 492/3 | €1,857 | €1,564 | -€293 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,624 | €3,996 | -€1,628 | -28.9% |
| Other operating charges | 640/8 | €1,798 | €1,089 | -€709 | -39.4% |
| Gross operating margin | 9900 | €47,099 | €49,764 | +€2,665 | +5.7% |
| Operating profit (loss) | 9901 | €39,677 | €44,679 | +€5,002 | +12.6% |
| Financial income | 75/76B | €1,080 | - | -€1,080 | |
| Recurring financial income | 75 | €1,080 | - | -€1,080 | |
| Financial charges | 65/66B | €2,029 | €1,577 | -€453 | -22.3% |
| Recurring financial charges | 65 | €2,029 | €1,577 | -€453 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €38,728 | €43,102 | +€4,374 | +11.3% |
| Income taxes | 67/77 | €13,358 | €12,758 | -€600 | -4.5% |
| Profit (loss) for the period | 9904 | €25,371 | €30,345 | +€4,974 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,371 | €30,345 | +€4,974 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.