Versotrac: 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.
Versotrac
Largest movements
- Tangible fixed assets -€47,230
down €47,230 (-27.2%), from €173,405 to €126,175
of which Leasing and similar rights: -€29,355
- Cash -€21,170
down €21,170 (-80.5%), from €26,314 to €5,144
mainly Debts after one year (-€49,371) and Trade debts (-€7,770)
- Receivables within one year +€3,144
up €3,144 (+20.6%), from €15,267 to €18,411
of which Trade receivables: +€3,220
- Debts after one year -€49,371
down €49,371 (-42.6%), from €115,972 to €66,601
- Trade debts -€7,770
down €7,770 (-70.7%), from €10,987 to €3,216
- Tax, wage and social debts -€4,080
down €4,080 (-70.9%), from €5,759 to €1,679
- Gross operating margin +€5,794
up €5,794 (+11.6%), from €50,008 to €55,802
- Financial charges -€2,833
down €2,833 (-29.5%), from €9,611 to €6,778
- Other operating charges +€766
up €766 (+33.8%), from €2,269 to €3,035
- Taxes +€698
up €698, from €0 to €698
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 | €250,464 | €187,644 | -€62,820 | -25.1% |
| Fixed assets | 21/28 | €173,405 | €126,175 | -€47,230 | -27.2% |
| Tangible fixed assets | 22/27 | €173,405 | €126,175 | -€47,230 | -27.2% |
| Furniture and vehicles | 24 | €62,661 | €44,785 | -€17,875 | -28.5% |
| Leasing and similar rights | 25 | €110,745 | €81,390 | -€29,355 | -26.5% |
| Current assets | 29/58 | €77,059 | €61,469 | -€15,590 | -20.2% |
| Amounts receivable within one year | 40/41 | €15,267 | €18,411 | +€3,144 | +20.6% |
| Trade receivables | 40 | €12,429 | €15,649 | +€3,220 | +25.9% |
| Other amounts receivable | 41 | €2,838 | €2,763 | -€75 | -2.7% |
| Current investments | 50/53 | €32,304 | €32,491 | +€187 | +0.6% |
| Cash at bank and in hand | 54/58 | €26,314 | €5,144 | -€21,170 | -80.5% |
| Deferred charges and accrued income | 490/1 | €3,174 | €5,423 | +€2,249 | +70.8% |
| Total equity and liabilities | 10/49 | €250,464 | €187,644 | -€62,820 | -25.1% |
| Equity | 10/15 | €83,294 | €81,643 | -€1,651 | -2.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,294 | €31,643 | -€1,651 | -5.0% |
| Amounts payable | 17/49 | €167,170 | €106,001 | -€61,169 | -36.6% |
| Amounts payable after more than one year | 17 | €115,972 | €66,601 | -€49,371 | -42.6% |
| Financial debts | 170/4 | €115,972 | €66,601 | -€49,371 | -42.6% |
| Amounts payable within one year | 42/48 | €48,792 | €38,551 | -€10,241 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €28,276 | €28,371 | +€95 | +0.3% |
| Financial debts | 43 | €61 | €0 | -€61 | -100.0% |
| Credit institutions | 430/8 | €61 | €0 | -€61 | -100.0% |
| Trade debts | 44 | €10,987 | €3,216 | -€7,770 | -70.7% |
| Suppliers | 440/4 | €10,987 | €3,216 | -€7,770 | -70.7% |
| Taxes, remuneration and social security | 45 | €5,759 | €1,679 | -€4,080 | -70.9% |
| Taxes | 450/3 | €5,759 | €1,679 | -€4,080 | -70.9% |
| Other amounts payable | 47/48 | €3,709 | €5,284 | +€1,575 | +42.5% |
| Accrued charges and deferred income | 492/3 | €2,406 | €850 | -€1,556 | -64.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,693 | €47,230 | +€537 | +1.2% |
| Other operating charges | 640/8 | €2,269 | €3,035 | +€766 | +33.8% |
| Gross operating margin | 9900 | €50,008 | €55,802 | +€5,794 | +11.6% |
| Operating profit (loss) | 9901 | €1,046 | €5,537 | +€4,491 | +429.3% |
| Financial income | 75/76B | €227 | €287 | +€60 | +26.3% |
| Recurring financial income | 75 | €227 | €287 | +€60 | +26.3% |
| Financial charges | 65/66B | €9,611 | €6,778 | -€2,833 | -29.5% |
| Recurring financial charges | 65 | €9,611 | €6,778 | -€2,833 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,338 | -€954 | +€7,384 | +88.6% |
| Income taxes | 67/77 | €0 | €698 | +€698 | |
| Profit (loss) for the period | 9904 | -€8,338 | -€1,651 | +€6,686 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,338 | -€1,651 | +€6,686 | +80.2% |
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 8 October 2026 via checked.be.