VERSPORTEN: 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.
VERSPORTEN
Largest movements
- Receivables within one year +€38,514
up €38,514 (+839%), from €4,590 to €43,105
of which Other amounts receivable: +€34,941
- Cash -€7,875
down €7,875 (-40.3%), from €19,547 to €11,672
mainly Receivables within one year (-€38,514) and Other debts (-€30,716)
- Other debts -€30,716
down €30,716 (-100%), from €30,716 to €0
- Tax, wage and social debts +€26,033
up €26,033 (+1,319%), from €1,974 to €28,007
of which Taxes: +€26,033
- Reserves +€25,988
up €25,988 (+115%), from €22,668 to €48,656
- Accrued charges and deferred income +€23,574
up €23,574 (+1,481%), from €1,592 to €25,165
- Trade debts -€12,171
down €12,171 (-72.8%), from €16,707 to €4,537
- Gross operating margin +€43,459
up €43,459 (+348%), from €12,488 to €55,946
- Taxes +€18,609
up €18,609 (+3,549%), from €524 to €19,133
- Financial charges +€2,471
up €2,471 (+59.9%), from €4,124 to €6,595
- Other operating charges +€1,719
up €1,719 (+131%), from €1,313 to €3,031
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 | €94,598 | €124,957 | +€30,359 | +32.1% |
| Fixed assets | 21/28 | €2,404 | €1,369 | -€1,035 | -43.1% |
| Tangible fixed assets | 22/27 | €2,404 | €1,369 | -€1,035 | -43.1% |
| Plant, machinery and equipment | 23 | €2,194 | €1,369 | -€826 | -37.6% |
| Furniture and vehicles | 24 | €209 | €0 | -€209 | -100% |
| Current assets | 29/58 | €92,194 | €123,588 | +€31,394 | +34.1% |
| Stocks and contracts in progress | 3 | €64,660 | €65,300 | +€640 | +1.0% |
| Stocks | 30/36 | €64,660 | €65,300 | +€640 | +1.0% |
| Amounts receivable within one year | 40/41 | €4,590 | €43,105 | +€38,514 | +839% |
| Trade receivables | 40 | €1,150 | €4,723 | +€3,573 | +311% |
| Other amounts receivable | 41 | €3,440 | €38,381 | +€34,941 | +1,016% |
| Cash at bank and in hand | 54/58 | €19,547 | €11,672 | -€7,875 | -40.3% |
| Deferred charges and accrued income | 490/1 | €3,397 | €3,512 | +€115 | +3.4% |
| Total equity and liabilities | 10/49 | €94,598 | €124,957 | +€30,359 | +32.1% |
| Equity | 10/15 | €41,260 | €67,248 | +€25,988 | +63.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,668 | €48,656 | +€25,988 | +115% |
| Distributable reserves | 133 | €22,668 | €48,656 | +€25,988 | +115% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €53,338 | €57,709 | +€4,372 | +8.2% |
| Amounts payable within one year | 42/48 | €51,746 | €32,544 | -€19,202 | -37.1% |
| Trade debts | 44 | €16,707 | €4,537 | -€12,171 | -72.8% |
| Suppliers | 440/4 | €16,707 | €4,537 | -€12,171 | -72.8% |
| Advances received on contracts in progress | 46 | €2,348 | €0 | -€2,348 | -100% |
| Taxes, remuneration and social security | 45 | €1,974 | €28,007 | +€26,033 | +1,319% |
| Taxes | 450/3 | €524 | €26,557 | +€26,033 | +4,965% |
| Remuneration and social security | 454/9 | €1,450 | €1,450 | = | 0.0% |
| Other amounts payable | 47/48 | €30,716 | €0 | -€30,716 | -100% |
| Accrued charges and deferred income | 492/3 | €1,592 | €25,165 | +€23,574 | +1,481% |
| Non-recurring operating income | 76A | - | €53,924 | +€53,924 | |
| Remuneration, social security and pensions | 62 | - | €176 | +€176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,155 | €1,035 | -€120 | -10.4% |
| Other operating charges | 640/8 | €1,313 | €3,031 | +€1,719 | +131% |
| Gross operating margin | 9900 | €12,488 | €55,946 | +€43,459 | +348% |
| Operating profit (loss) | 9901 | €10,020 | €51,704 | +€41,684 | +416% |
| Financial income | 75/76B | €138 | €11 | -€127 | -92.1% |
| Recurring financial income | 75 | €138 | €11 | -€127 | -92.1% |
| Financial charges | 65/66B | €4,124 | €6,595 | +€2,471 | +59.9% |
| Recurring financial charges | 65 | €4,124 | €6,595 | +€2,471 | +59.9% |
| Profit (loss) for the period before taxes | 9903 | €6,034 | €45,121 | +€39,086 | +648% |
| Income taxes | 67/77 | €524 | €19,133 | +€18,609 | +3,549% |
| Profit (loss) for the period | 9904 | €5,510 | €25,988 | +€20,478 | +372% |
| Profit (loss) for the period to be appropriated | 9905 | €5,510 | €25,988 | +€20,478 | +372% |
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 28 October 2026 via checked.be.