VERSON: what changed
Two fiscal 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.
VERSON
Largest movements
- Tangible fixed assets -€10,440
down €10,440 (-43.0%), from €24,301 to €13,861
of which Leasing and similar rights: -€9,655
- Receivables within one year -€9,995
down €9,995 (-13.5%), from €74,069 to €64,074
of which Other amounts receivable: -€9,995
- Cash +€7,096
up €7,096 (+91.4%), from €7,761 to €14,856
mainly Depreciation (+€10,440) and Receivables within one year (+€9,995)
- Reserves -€15,060
down €15,060 (-30.5%), from €49,379 to €34,319
- Debts after one year -€9,369
down €9,369 (-79.7%), from €11,761 to €2,392
- Trade debts +€6,862
up €6,862 (+76.0%), from €9,024 to €15,886
- Tax, wage and social debts +€3,972
new in 2025: €3,972
- Profit (loss) carried forward +€3,208
up €3,208, from -€3,208 to €0
- Gross operating margin +€11,820
up €11,820 (+129.1%), from €9,158 to €20,978
- Other operating charges +€2,030
up €2,030 (+176.0%), from €1,153 to €3,184
- Taxes +€1,384
up €1,384 (+1081.3%), from €128 to €1,512
- Financial income -€557
down €557 (-14.9%), from €3,740 to €3,183
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 | €123,829 | €110,925 | -€12,904 | -10.4% |
| Fixed assets | 21/28 | €24,301 | €13,861 | -€10,440 | -43.0% |
| Tangible fixed assets | 22/27 | €24,301 | €13,861 | -€10,440 | -43.0% |
| Furniture and vehicles | 24 | €2,374 | €1,588 | -€786 | -33.1% |
| Leasing and similar rights | 25 | €21,928 | €12,273 | -€9,655 | -44.0% |
| Current assets | 29/58 | €99,527 | €97,063 | -€2,464 | -2.5% |
| Stocks and contracts in progress | 3 | €16,250 | €16,500 | +€250 | +1.5% |
| Stocks | 30/36 | €1,250 | €1,500 | +€250 | +20.0% |
| Contracts in progress | 37 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,069 | €64,074 | -€9,995 | -13.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €74,069 | €64,074 | -€9,995 | -13.5% |
| Cash at bank and in hand | 54/58 | €7,761 | €14,856 | +€7,096 | +91.4% |
| Deferred charges and accrued income | 490/1 | €1,447 | €1,633 | +€186 | +12.8% |
| Total equity and liabilities | 10/49 | €123,829 | €110,925 | -€12,904 | -10.4% |
| Equity | 10/15 | €64,771 | €52,919 | -€11,852 | -18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,379 | €34,319 | -€15,060 | -30.5% |
| Distributable reserves | 133 | €49,379 | €34,319 | -€15,060 | -30.5% |
| Profit (loss) carried forward | 14 | -€3,208 | €0 | +€3,208 | |
| Amounts payable | 17/49 | €59,058 | €58,006 | -€1,052 | -1.8% |
| Amounts payable after more than one year | 17 | €11,761 | €2,392 | -€9,369 | -79.7% |
| Financial debts | 170/4 | €11,761 | €2,392 | -€9,369 | -79.7% |
| Amounts payable within one year | 42/48 | €44,297 | €55,613 | +€11,317 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €12,220 | €12,702 | +€482 | +3.9% |
| Financial debts | 43 | €23,052 | €23,052 | = | 0.0% |
| Credit institutions | 430/8 | €23,052 | €0 | -€23,052 | -100.0% |
| Other loans | 439 | - | €23,052 | +€23,052 | |
| Trade debts | 44 | €9,024 | €15,886 | +€6,862 | +76.0% |
| Suppliers | 440/4 | €9,024 | €15,886 | +€6,862 | +76.0% |
| Taxes, remuneration and social security | 45 | - | €3,972 | +€3,972 | |
| Taxes | 450/3 | - | €3,972 | +€3,972 | |
| Accrued charges and deferred income | 492/3 | €3,000 | €0 | -€3,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,446 | €10,440 | -€6 | -0.1% |
| Other operating charges | 640/8 | €1,153 | €3,184 | +€2,030 | +176.0% |
| Gross operating margin | 9900 | €9,158 | €20,978 | +€11,820 | +129.1% |
| Operating profit (loss) | 9901 | -€2,441 | €7,355 | +€9,796 | |
| Financial income | 75/76B | €3,740 | €3,183 | -€557 | -14.9% |
| Recurring financial income | 75 | €3,740 | €3,183 | -€557 | -14.9% |
| Financial charges | 65/66B | €4,379 | €4,247 | -€132 | -3.0% |
| Recurring financial charges | 65 | €4,379 | €4,247 | -€132 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,080 | €6,290 | +€9,371 | |
| Income taxes | 67/77 | €128 | €1,512 | +€1,384 | +1081.3% |
| Profit (loss) for the period | 9904 | -€3,208 | €4,778 | +€7,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,208 | €4,778 | +€7,987 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.