Versoria: 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.
Versoria
Largest movements
- Cash +€21,607
up €21,607 (+201.4%), from €10,727 to €32,334
mainly Net result for the year (+€17,976) and Receivables within one year (+€10,957)
- Receivables within one year -€10,957
down €10,957 (-24.7%), from €44,286 to €33,329
- Financial fixed assets +€10,433
new in 2025: €10,433
- Tangible fixed assets -€1,083
down €1,083 (-34.2%), from €3,164 to €2,081
- Deferred charges and accrued income +€1,053
new in 2025: €1,053
- Profit (loss) carried forward +€17,976
up €17,976 (+60.1%), from €29,913 to €47,890
- Trade debts +€4,518
up €4,518 (+29.5%), from €15,334 to €19,851
- Tax, wage and social debts -€2,549
down €2,549 (-33.9%), from €7,517 to €4,968
- Other debts +€1,008
up €1,008 (+34.7%), from €2,905 to €3,913
- Gross operating margin -€6,931
down €6,931 (-18.4%), from €37,584 to €30,653
- Staff costs +€4,124
new in 2025: €4,124
- Taxes -€2,549
down €2,549 (-33.9%), from €7,517 to €4,968
- Other operating charges +€1,358
new in 2025: €1,358
- Financial charges +€1,336
up €1,336 (+2222.2%), from €60 to €1,396
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 | €58,669 | €79,622 | +€20,953 | +35.7% |
| Fixed assets | 21/28 | €3,656 | €12,905 | +€9,249 | +253.0% |
| Intangible fixed assets | 21 | €492 | €392 | -€100 | -20.3% |
| Tangible fixed assets | 22/27 | €3,164 | €2,081 | -€1,083 | -34.2% |
| Plant, machinery and equipment | 23 | €3,164 | €2,081 | -€1,083 | -34.2% |
| Financial fixed assets | 28 | - | €10,433 | +€10,433 | |
| Current assets | 29/58 | €55,013 | €66,717 | +€11,703 | +21.3% |
| Amounts receivable within one year | 40/41 | €44,286 | €33,329 | -€10,957 | -24.7% |
| Trade receivables | 40 | €44,286 | €33,329 | -€10,957 | -24.7% |
| Cash at bank and in hand | 54/58 | €10,727 | €32,334 | +€21,607 | +201.4% |
| Deferred charges and accrued income | 490/1 | - | €1,053 | +€1,053 | |
| Total equity and liabilities | 10/49 | €58,669 | €79,622 | +€20,953 | +35.7% |
| Equity | 10/15 | €32,913 | €50,890 | +€17,976 | +54.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,913 | €47,890 | +€17,976 | +60.1% |
| Amounts payable | 17/49 | €25,756 | €28,732 | +€2,976 | +11.6% |
| Amounts payable within one year | 42/48 | €25,756 | €28,732 | +€2,976 | +11.6% |
| Trade debts | 44 | €15,334 | €19,851 | +€4,518 | +29.5% |
| Suppliers | 440/4 | €15,334 | €19,851 | +€4,518 | +29.5% |
| Taxes, remuneration and social security | 45 | €7,517 | €4,968 | -€2,549 | -33.9% |
| Taxes | 450/3 | €7,517 | €4,968 | -€2,549 | -33.9% |
| Other amounts payable | 47/48 | €2,905 | €3,913 | +€1,008 | +34.7% |
| Remuneration, social security and pensions | 62 | - | €4,124 | +€4,124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94 | €1,183 | +€1,089 | +1158.6% |
| Other operating charges | 640/8 | - | €1,358 | +€1,358 | |
| Gross operating margin | 9900 | €37,584 | €30,653 | -€6,931 | -18.4% |
| Operating profit (loss) | 9901 | €37,490 | €23,987 | -€13,503 | -36.0% |
| Financial income | 75/76B | - | €353 | +€353 | |
| Recurring financial income | 75 | - | €353 | +€353 | |
| Financial charges | 65/66B | €60 | €1,396 | +€1,336 | +2222.2% |
| Recurring financial charges | 65 | €60 | €1,396 | +€1,336 | +2222.2% |
| Profit (loss) for the period before taxes | 9903 | €37,430 | €22,944 | -€14,486 | -38.7% |
| Income taxes | 67/77 | €7,517 | €4,968 | -€2,549 | -33.9% |
| Profit (loss) for the period | 9904 | €29,913 | €17,976 | -€11,937 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,913 | €17,976 | -€11,937 | -39.9% |
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 10 October 2026 via checked.be.