VERSO consulting: 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 consulting
Largest movements
- Cash +€66,081
up €66,081 (+336%), from €19,665 to €85,745
mainly Net result for the year (+€52,536) and Receivables after one year (+€35,000)
- Receivables after one year -€35,000
down €35,000 (-13.5%), from €260,000 to €225,000
- Receivables within one year -€7,471
down €7,471 (-57.4%), from €13,015 to €5,544
of which Trade receivables: -€8,226
- Deferred charges and accrued income +€7,401
up €7,401 (+67.7%), from €10,929 to €18,331
- Other debts +€16,538
up €16,538 (+67.0%), from €24,687 to €41,225
- Reserves +€13,816
up €13,816 (+5.2%), from €267,496 to €281,312
- Gross operating margin +€46,575
up €46,575 (+170%), from €27,380 to €73,955
- Taxes +€15,264
up €15,264 (+148%), from €10,325 to €25,590
- Depreciation -€2,519
down €2,519 (-71.8%), from €3,510 to €991
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 | €306,564 | €337,904 | +€31,340 | +10.2% |
| Fixed assets | 21/28 | €2,956 | €3,284 | +€328 | +11.1% |
| Tangible fixed assets | 22/27 | €2,956 | €3,284 | +€328 | +11.1% |
| Plant, machinery and equipment | 23 | - | €1,066 | +€1,066 | |
| Furniture and vehicles | 24 | €2,956 | €2,218 | -€738 | -25.0% |
| Current assets | 29/58 | €303,609 | €334,620 | +€31,011 | +10.2% |
| Amounts receivable after more than one year | 29 | €260,000 | €225,000 | -€35,000 | -13.5% |
| Other amounts receivable | 291 | €260,000 | €225,000 | -€35,000 | -13.5% |
| Amounts receivable within one year | 40/41 | €13,015 | €5,544 | -€7,471 | -57.4% |
| Trade receivables | 40 | €10,556 | €2,329 | -€8,226 | -77.9% |
| Other amounts receivable | 41 | €2,459 | €3,215 | +€756 | +30.7% |
| Cash at bank and in hand | 54/58 | €19,665 | €85,745 | +€66,081 | +336% |
| Deferred charges and accrued income | 490/1 | €10,929 | €18,331 | +€7,401 | +67.7% |
| Total equity and liabilities | 10/49 | €306,564 | €337,904 | +€31,340 | +10.2% |
| Equity | 10/15 | €279,896 | €293,712 | +€13,816 | +4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €267,496 | €281,312 | +€13,816 | +5.2% |
| Distributable reserves | 133 | €267,496 | €281,312 | +€13,816 | +5.2% |
| Amounts payable | 17/49 | €26,668 | €44,191 | +€17,523 | +65.7% |
| Amounts payable within one year | 42/48 | €26,668 | €44,191 | +€17,523 | +65.7% |
| Trade debts | 44 | €1,981 | €1,715 | -€266 | -13.4% |
| Suppliers | 440/4 | €1,981 | €1,715 | -€266 | -13.4% |
| Taxes, remuneration and social security | 45 | - | €1,251 | +€1,251 | |
| Taxes | 450/3 | - | €1,251 | +€1,251 | |
| Other amounts payable | 47/48 | €24,687 | €41,225 | +€16,538 | +67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,510 | €991 | -€2,519 | -71.8% |
| Other operating charges | 640/8 | €520 | €400 | -€121 | -23.2% |
| Gross operating margin | 9900 | €27,380 | €73,955 | +€46,575 | +170% |
| Operating profit (loss) | 9901 | €23,349 | €72,565 | +€49,215 | +211% |
| Financial income | 75/76B | €6,503 | €6,120 | -€383 | -5.9% |
| Recurring financial income | 75 | €6,503 | €6,120 | -€383 | -5.9% |
| Financial charges | 65/66B | €133 | €558 | +€425 | +318% |
| Recurring financial charges | 65 | €133 | €558 | +€425 | +318% |
| Profit (loss) for the period before taxes | 9903 | €29,719 | €78,126 | +€48,407 | +163% |
| Income taxes | 67/77 | €10,325 | €25,590 | +€15,264 | +148% |
| Profit (loss) for the period | 9904 | €19,393 | €52,536 | +€33,143 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €19,393 | €52,536 | +€33,143 | +171% |
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 18 October 2026 via checked.be.