VERSPURTEN: 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.
VERSPURTEN
Largest movements
- Receivables within one year -€4,407
down €4,407 (-25.1%), from €17,581 to €13,174
of which Trade receivables: -€2,348
- Cash -€2,333
down €2,333 (-59.9%), from €3,897 to €1,564
mainly Tax, wage and social debts (-€4,776) and Other debts (-€2,533)
- Tangible fixed assets -€2,296
no longer reported in 2025 (was €2,296)
of which Furniture and vehicles: -€1,642
- Tax, wage and social debts -€4,776
down €4,776 (-91.5%), from €5,218 to €442
of which Remuneration and social security: -€5,218
- Other debts -€2,533
down €2,533 (-82.1%), from €3,086 to €553
- Profit (loss) carried forward -€2,077
down €2,077 (-41.2%), from -€5,040 to -€7,117
- Trade debts +€350
up €350 (+700%), from €50 to €400
- Write-downs -€66,114
no longer reported in 2025 (was €66,114)
- Gross operating margin -€9,294
down €9,294, from €8,667 to -€627
- Other operating charges -€4,971
down €4,971 (-78.7%), from €6,319 to €1,348
- Depreciation -€1,163
no longer reported in 2025 (was €1,163)
- Taxes -€442
no longer reported in 2025 (was €442)
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 | €23,774 | €14,738 | -€9,036 | -38.0% |
| Fixed assets | 21/28 | €2,296 | - | -€2,296 | |
| Tangible fixed assets | 22/27 | €2,296 | - | -€2,296 | |
| Plant, machinery and equipment | 23 | €654 | - | -€654 | |
| Furniture and vehicles | 24 | €1,642 | - | -€1,642 | |
| Current assets | 29/58 | €21,478 | €14,738 | -€6,740 | -31.4% |
| Amounts receivable within one year | 40/41 | €17,581 | €13,174 | -€4,407 | -25.1% |
| Trade receivables | 40 | €15,522 | €13,174 | -€2,348 | -15.1% |
| Other amounts receivable | 41 | €2,059 | - | -€2,059 | |
| Cash at bank and in hand | 54/58 | €3,897 | €1,564 | -€2,333 | -59.9% |
| Total equity and liabilities | 10/49 | €23,774 | €14,738 | -€9,036 | -38.0% |
| Equity | 10/15 | €15,420 | €13,343 | -€2,077 | -13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,040 | -€7,117 | -€2,077 | -41.2% |
| Amounts payable | 17/49 | €8,354 | €1,395 | -€6,959 | -83.3% |
| Amounts payable within one year | 42/48 | €8,354 | €1,395 | -€6,959 | -83.3% |
| Trade debts | 44 | €50 | €400 | +€350 | +700% |
| Suppliers | 440/4 | €50 | €400 | +€350 | +700% |
| Taxes, remuneration and social security | 45 | €5,218 | €442 | -€4,776 | -91.5% |
| Taxes | 450/3 | - | €442 | +€442 | |
| Remuneration and social security | 454/9 | €5,218 | - | -€5,218 | |
| Other amounts payable | 47/48 | €3,086 | €553 | -€2,533 | -82.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,163 | - | -€1,163 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €66,114 | - | -€66,114 | |
| Other operating charges | 640/8 | €6,319 | €1,348 | -€4,971 | -78.7% |
| Gross operating margin | 9900 | €8,667 | -€627 | -€9,294 | |
| Operating profit (loss) | 9901 | -€64,929 | -€1,975 | +€62,954 | +97.0% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €72 | €102 | +€30 | +41.7% |
| Recurring financial charges | 65 | €72 | €102 | +€30 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | -€64,980 | -€2,077 | +€62,903 | +96.8% |
| Income taxes | 67/77 | €442 | - | -€442 | |
| Profit (loss) for the period | 9904 | -€65,422 | -€2,077 | +€63,345 | +96.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,422 | -€2,077 | +€63,345 | +96.8% |
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 21 October 2026 via checked.be.