Versol: 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.
Versol
Largest movements
- Current investments +€125,000
up €125,000 (+250.0%), from €50,000 to €175,000
- Tangible fixed assets +€4,936
up €4,936 (+11.7%), from €42,100 to €47,036
of which Furniture and vehicles: +€9,885
- Cash +€4,184
up €4,184 (+9.6%), from €43,799 to €47,983
mainly Net result for the year (+€205,302) and Other debts (+€120,034)
- Other debts +€120,034
up €120,034 (+139.4%), from €86,137 to €206,171
- Tax, wage and social debts +€13,302
up €13,302 (+183.2%), from €7,260 to €20,562
- Trade debts +€3,109
new in 2025: €3,109
- Gross operating margin +€154,395
up €154,395 (+121.7%), from €126,836 to €281,231
- Taxes +€38,880
up €38,880 (+148.8%), from €26,137 to €65,017
- Depreciation -€3,162
down €3,162 (-21.5%), from €14,734 to €11,572
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 | €156,567 | €293,012 | +€136,445 | +87.1% |
| Fixed assets | 21/28 | €42,100 | €47,036 | +€4,936 | +11.7% |
| Tangible fixed assets | 22/27 | €42,100 | €47,036 | +€4,936 | +11.7% |
| Land and buildings | 22 | €23,932 | €19,598 | -€4,334 | -18.1% |
| Plant, machinery and equipment | 23 | €1,384 | €769 | -€615 | -44.4% |
| Furniture and vehicles | 24 | €16,784 | €26,669 | +€9,885 | +58.9% |
| Current assets | 29/58 | €114,467 | €245,976 | +€131,509 | +114.9% |
| Amounts receivable within one year | 40/41 | €20,668 | €22,993 | +€2,325 | +11.2% |
| Trade receivables | 40 | €20,668 | €22,993 | +€2,325 | +11.2% |
| Current investments | 50/53 | €50,000 | €175,000 | +€125,000 | +250.0% |
| Cash at bank and in hand | 54/58 | €43,799 | €47,983 | +€4,184 | +9.6% |
| Total equity and liabilities | 10/49 | €156,567 | €293,012 | +€136,445 | +87.1% |
| Equity | 10/15 | €63,170 | €63,170 | -€0 | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,170 | €58,170 | -€0 | 0.0% |
| Distributable reserves | 133 | €58,170 | €58,170 | -€0 | 0.0% |
| Amounts payable | 17/49 | €93,397 | €229,842 | +€136,445 | +146.1% |
| Amounts payable within one year | 42/48 | €93,397 | €229,842 | +€136,445 | +146.1% |
| Trade debts | 44 | - | €3,109 | +€3,109 | |
| Suppliers | 440/4 | - | €3,109 | +€3,109 | |
| Taxes, remuneration and social security | 45 | €7,260 | €20,562 | +€13,302 | +183.2% |
| Taxes | 450/3 | €7,260 | €20,562 | +€13,302 | +183.2% |
| Other amounts payable | 47/48 | €86,137 | €206,171 | +€120,034 | +139.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,734 | €11,572 | -€3,162 | -21.5% |
| Other operating charges | 640/8 | - | €315 | +€315 | |
| Gross operating margin | 9900 | €126,836 | €281,231 | +€154,395 | +121.7% |
| Operating profit (loss) | 9901 | €112,102 | €269,345 | +€157,243 | +140.3% |
| Financial income | 75/76B | - | €1,061 | +€1,061 | |
| Recurring financial income | 75 | - | €1,061 | +€1,061 | |
| Financial charges | 65/66B | €74 | €87 | +€13 | +16.9% |
| Recurring financial charges | 65 | €74 | €87 | +€13 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €112,028 | €270,319 | +€158,291 | +141.3% |
| Income taxes | 67/77 | €26,137 | €65,017 | +€38,880 | +148.8% |
| Profit (loss) for the period | 9904 | €85,891 | €205,302 | +€119,411 | +139.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,891 | €205,302 | +€119,411 | +139.0% |
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 12 October 2026 via checked.be.