VERSO RETAIL: 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 RETAIL
Largest movements
- Receivables within one year +€19,243
up €19,243 (+8.2%), from €234,436 to €253,679
of which Trade receivables: +€10,440
- Deferred charges and accrued income +€14,800
up €14,800 (+31.3%), from €47,312 to €62,111
- Cash -€9,691
down €9,691 (-54.0%), from €17,947 to €8,256
mainly Receivables within one year (-€19,243) and Deferred charges and accrued income (-€14,800)
- Trade debts +€23,018
up €23,018 (+11.5%), from €200,959 to €223,977
- Staff costs -€9,361
down €9,361 (-11.3%), from €82,930 to €73,569
- Gross operating margin -€4,370
down €4,370 (-4.9%), from €89,114 to €84,743
- Other operating charges +€3,528
up €3,528 (+93.1%), from €3,787 to €7,315
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 | €299,766 | €324,047 | +€24,281 | +8.1% |
| Fixed assets | 21/28 | €71 | €0 | -€71 | -100% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €71 | €0 | -€71 | -100% |
| Plant, machinery and equipment | 23 | €70 | - | -€70 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Current assets | 29/58 | €299,695 | €324,047 | +€24,351 | +8.1% |
| Amounts receivable within one year | 40/41 | €234,436 | €253,679 | +€19,243 | +8.2% |
| Trade receivables | 40 | €227,273 | €237,713 | +€10,440 | +4.6% |
| Other amounts receivable | 41 | €7,163 | €15,966 | +€8,803 | +123% |
| Cash at bank and in hand | 54/58 | €17,947 | €8,256 | -€9,691 | -54.0% |
| Deferred charges and accrued income | 490/1 | €47,312 | €62,111 | +€14,800 | +31.3% |
| Total equity and liabilities | 10/49 | €299,766 | €324,047 | +€24,281 | +8.1% |
| Equity | 10/15 | €85,440 | €86,562 | +€1,123 | +1.3% |
| Contributions | 10/11 | €194,500 | €194,500 | = | 0.0% |
| Capital | 10 | €194,500 | €194,500 | = | 0.0% |
| Issued capital | 100 | €194,500 | €194,500 | = | 0.0% |
| Reserves | 13 | €66,037 | €66,037 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19,500 | €19,500 | = | 0.0% |
| Legal reserve | 130 | €19,500 | €19,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,537 | €46,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,097 | -€173,974 | +€1,123 | +0.6% |
| Amounts payable | 17/49 | €214,326 | €237,484 | +€23,158 | +10.8% |
| Amounts payable within one year | 42/48 | €214,326 | €237,484 | +€23,158 | +10.8% |
| Trade debts | 44 | €200,959 | €223,977 | +€23,018 | +11.5% |
| Suppliers | 440/4 | €200,959 | €223,977 | +€23,018 | +11.5% |
| Taxes, remuneration and social security | 45 | €13,367 | €13,507 | +€140 | +1.0% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €13,367 | €13,507 | +€140 | +1.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €82,930 | €73,569 | -€9,361 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142 | €70 | -€71 | -50.2% |
| Other operating charges | 640/8 | €3,787 | €7,315 | +€3,528 | +93.1% |
| Gross operating margin | 9900 | €89,114 | €84,743 | -€4,370 | -4.9% |
| Operating profit (loss) | 9901 | €2,254 | €3,789 | +€1,534 | +68.1% |
| Financial charges | 65/66B | €1,545 | €1,867 | +€323 | +20.9% |
| Recurring financial charges | 65 | €1,545 | €1,867 | +€323 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €710 | €1,921 | +€1,212 | +171% |
| Income taxes | 67/77 | €435 | €799 | +€363 | +83.4% |
| Profit (loss) for the period | 9904 | €274 | €1,123 | +€848 | +309% |
| Profit (loss) for the period to be appropriated | 9905 | €274 | €1,123 | +€848 | +309% |
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.