VERSO ARCHITECTURE: 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.
VERSO ARCHITECTURE
Largest movements
- Receivables within one year +€22,129
up €22,129 (+6.2%), from €356,824 to €378,953
of which Trade receivables: +€23,956
- Cash -€6,855
down €6,855 (-3.8%), from €180,102 to €173,247
mainly Receivables within one year (-€22,129) and Other debts (-€15,432)
- Profit (loss) carried forward +€41,915
up €41,915 (+14.5%), from €288,264 to €330,179
- Other debts -€15,432
down €15,432 (-6.6%), from €235,334 to €219,902
- Trade debts -€9,662
down €9,662 (-37.4%), from €25,862 to €16,201
- Tax, wage and social debts -€8,186
down €8,186 (-25.8%), from €31,700 to €23,514
of which Taxes: -€7,098
- Gross operating margin +€52,799
up €52,799 (+109%), from €48,222 to €101,020
- Taxes +€11,586
up €11,586 (+352%), from €3,295 to €14,881
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 | €589,399 | €598,250 | +€8,851 | +1.5% |
| Fixed assets | 21/28 | €29,012 | €28,236 | -€777 | -2.7% |
| Tangible fixed assets | 22/27 | €28,882 | €28,106 | -€777 | -2.7% |
| Plant, machinery and equipment | 23 | €17,877 | €15,862 | -€2,015 | -11.3% |
| Furniture and vehicles | 24 | €10,166 | €11,825 | +€1,659 | +16.3% |
| Other tangible fixed assets | 26 | €840 | €419 | -€420 | -50.1% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €560,386 | €570,015 | +€9,628 | +1.7% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €356,824 | €378,953 | +€22,129 | +6.2% |
| Trade receivables | 40 | €354,496 | €378,453 | +€23,956 | +6.8% |
| Other amounts receivable | 41 | €2,328 | €500 | -€1,828 | -78.5% |
| Cash at bank and in hand | 54/58 | €180,102 | €173,247 | -€6,855 | -3.8% |
| Deferred charges and accrued income | 490/1 | €13,460 | €7,814 | -€5,646 | -41.9% |
| Total equity and liabilities | 10/49 | €589,399 | €598,250 | +€8,851 | +1.5% |
| Equity | 10/15 | €296,319 | €338,234 | +€41,915 | +14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €288,264 | €330,179 | +€41,915 | +14.5% |
| Amounts payable | 17/49 | €293,080 | €260,016 | -€33,064 | -11.3% |
| Amounts payable within one year | 42/48 | €292,896 | €259,616 | -€33,280 | -11.4% |
| Trade debts | 44 | €25,862 | €16,201 | -€9,662 | -37.4% |
| Suppliers | 440/4 | €25,862 | €16,201 | -€9,662 | -37.4% |
| Taxes, remuneration and social security | 45 | €31,700 | €23,514 | -€8,186 | -25.8% |
| Taxes | 450/3 | €26,086 | €18,988 | -€7,098 | -27.2% |
| Remuneration and social security | 454/9 | €5,614 | €4,526 | -€1,088 | -19.4% |
| Other amounts payable | 47/48 | €235,334 | €219,902 | -€15,432 | -6.6% |
| Accrued charges and deferred income | 492/3 | €184 | €400 | +€216 | +117% |
| Remuneration, social security and pensions | 62 | €26,762 | €27,496 | +€734 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,779 | €9,553 | -€226 | -2.3% |
| Other operating charges | 640/8 | €687 | €914 | +€227 | +33.0% |
| Gross operating margin | 9900 | €48,222 | €101,020 | +€52,799 | +109% |
| Operating profit (loss) | 9901 | €10,993 | €63,057 | +€52,064 | +474% |
| Financial income | 75/76B | €802 | €800 | -€2 | -0.3% |
| Recurring financial income | 75 | €802 | €800 | -€2 | -0.3% |
| Financial charges | 65/66B | €6,307 | €7,060 | +€754 | +12.0% |
| Recurring financial charges | 65 | €6,307 | €7,060 | +€754 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €5,489 | €56,796 | +€51,308 | +935% |
| Income taxes | 67/77 | €3,295 | €14,881 | +€11,586 | +352% |
| Profit (loss) for the period | 9904 | €2,193 | €41,915 | +€39,722 | +1,811% |
| Profit (loss) for the period to be appropriated | 9905 | €2,193 | €41,915 | +€39,722 | +1,811% |
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 19 October 2026 via checked.be.