VERSO-CAFé: 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.
What changed
VERSO-CAFé
NACE 56.301, Cafés and bars
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€57,546
2024 · -€98,927+€41,381
Equity
-€297,831
2024 · -€240,285-€57,546
Cash
€161,804
2024 · €162,027-€223
Balance sheet total
€1.5m
2024 · €1.7m-€207,558
Largest movements
Assets
- Tangible fixed assets -€196,039
down €196,039 (-18.9%), from €1.0m to €840,546
of which Other tangible fixed assets: -€143,105
Equity and liabilities
- Debts after one year -€539,017
down €539,017 (-33.4%), from €1.6m to €1.1m
- Current portion of long-term debt +€389,133
new in 2025: €389,133
- Short-term financial debts +€66,420
new in 2025: €66,420
- Profit (loss) carried forward -€57,546
down €57,546 (-8.8%), from -€657,534 to -€715,079
- Trade debts -€38,237
down €38,237 (-15.1%), from €253,057 to €214,820
Income statement
- Gross operating margin +€353,395
up €353,395 (+36.0%), from €980,563 to €1.3m
- Staff costs +€314,262
up €314,262 (+40.1%), from €783,312 to €1.1m
- Depreciation +€14,528
up €14,528 (+5.8%), from €251,187 to €265,715
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.
Result 2024
-€98,927
Gross operating margin
+€353,395
Staff costs
-€314,262
Depreciation
-€14,528
Write-downs
+€9,676
Other operating charges
-€1,190
Other operating items
+€4,900
Financial income
+€3,119
Financial charges
+€271
Result 2025
-€57,546
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€153,497
Investment
-€70,256
Financing
-€83,464
Cash 2024
€162,027
From operations (derived)
+€153,497
Net result for the year
-€57,546
Depreciation
+€265,715
Smaller working-capital items
+€297
Receivables within one year
+€11,579
Trade debts
-€38,237
Tax, wage and social debts
-€28,312
Investment (derived)
-€70,256
Investment in fixed assets (net)
-€70,256
Financing
-€83,464
Debts after one year
-€539,017
Current portion of long-term debt
+€389,133
Short-term financial debts
+€66,420
Cash 2025
€161,804
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,742,158 | €1,534,600 | -€207,558 | -11.9% |
| Fixed assets | 21/28 | €1,123,523 | €928,064 | -€195,459 | -17.4% |
| Tangible fixed assets | 22/27 | €1,036,585 | €840,546 | -€196,039 | -18.9% |
| Plant, machinery and equipment | 23 | €164,939 | €106,078 | -€58,862 | -35.7% |
| Furniture and vehicles | 24 | €80,575 | €86,502 | +€5,928 | +7.4% |
| Other tangible fixed assets | 26 | €791,071 | €647,966 | -€143,105 | -18.1% |
| Financial fixed assets | 28 | €86,938 | €87,518 | +€580 | +0.7% |
| Current assets | 29/58 | €618,635 | €606,536 | -€12,099 | -2.0% |
| Stocks and contracts in progress | 3 | €72,976 | €72,522 | -€454 | -0.6% |
| Stocks | 30/36 | €72,976 | €72,522 | -€454 | -0.6% |
| Amounts receivable within one year | 40/41 | €372,040 | €360,461 | -€11,579 | -3.1% |
| Trade receivables | 40 | €189,932 | €193,768 | +€3,836 | +2.0% |
| Other amounts receivable | 41 | €182,109 | €166,693 | -€15,415 | -8.5% |
| Cash at bank and in hand | 54/58 | €162,027 | €161,804 | -€223 | -0.1% |
| Deferred charges and accrued income | 490/1 | €11,592 | €11,749 | +€157 | +1.4% |
| Total equity and liabilities | 10/49 | €1,742,158 | €1,534,600 | -€207,558 | -11.9% |
| Equity | 10/15 | -€240,285 | -€297,831 | -€57,546 | -23.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €292,249 | €292,249 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €279,749 | €279,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€657,534 | -€715,079 | -€57,546 | -8.8% |
| Amounts payable | 17/49 | €1,982,443 | €1,832,430 | -€150,013 | -7.6% |
| Amounts payable after more than one year | 17 | €1,615,568 | €1,076,551 | -€539,017 | -33.4% |
| Financial debts | 170/4 | €1,615,568 | €1,076,551 | -€539,017 | -33.4% |
| Amounts payable within one year | 42/48 | €366,875 | €755,879 | +€389,004 | +106% |
| Current portion of amounts payable after more than one year | 42 | - | €389,133 | +€389,133 | |
| Financial debts | 43 | - | €66,420 | +€66,420 | |
| Credit institutions | 430/8 | - | €66,420 | +€66,420 | |
| Trade debts | 44 | €253,057 | €214,820 | -€38,237 | -15.1% |
| Suppliers | 440/4 | €253,057 | €214,820 | -€38,237 | -15.1% |
| Taxes, remuneration and social security | 45 | €113,818 | €85,506 | -€28,312 | -24.9% |
| Taxes | 450/3 | €38,544 | €38,058 | -€487 | -1.3% |
| Remuneration and social security | 454/9 | €75,274 | €47,449 | -€27,825 | -37.0% |
| Non-recurring operating income | 76A | €638 | €42,000 | +€41,362 | +6,481% |
| Remuneration, social security and pensions | 62 | €783,312 | €1,097,574 | +€314,262 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €251,187 | €265,715 | +€14,528 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,676 | - | -€9,676 | |
| Other operating charges | 640/8 | €6,553 | €7,743 | +€1,190 | +18.2% |
| Non-recurring operating charges | 66A | €4,900 | - | -€4,900 | |
| Gross operating margin | 9900 | €980,563 | €1,333,958 | +€353,395 | +36.0% |
| Operating profit (loss) | 9901 | -€75,066 | -€37,074 | +€37,992 | +50.6% |
| Financial income | 75/76B | €6,447 | €9,565 | +€3,119 | +48.4% |
| Recurring financial income | 75 | €6,434 | €7,078 | +€643 | +10.0% |
| Non-recurring financial income | 76B | €13 | €2,488 | +€2,475 | +19,802% |
| Financial charges | 65/66B | €30,308 | €30,038 | -€271 | -0.9% |
| Recurring financial charges | 65 | €30,308 | €30,038 | -€271 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€98,927 | -€57,546 | +€41,381 | +41.8% |
| Profit (loss) for the period | 9904 | -€98,927 | -€57,546 | +€41,381 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,927 | -€57,546 | +€41,381 | +41.8% |
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 17 October 2026 via checked.be.