VERSSO: 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.
VERSSO
Largest movements
- Receivables after one year -€125,000
down €125,000 (-55.6%), from €225,000 to €100,000
- Cash +€71,608
up €71,608 (+193.6%), from €36,978 to €108,586
mainly Receivables after one year (+€125,000) and Net result for the year (+€78,881)
- Receivables within one year -€18,985
down €18,985 (-25.8%), from €73,643 to €54,658
of which Other amounts receivable: -€19,735
- Tangible fixed assets -€17,217
down €17,217 (-54.1%), from €31,814 to €14,598
of which Furniture and vehicles: -€16,964
- Reserves -€83,158
down €83,158 (-26.2%), from €317,208 to €234,050
- Tax, wage and social debts +€10,115
up €10,115 (+59.8%), from €16,907 to €27,022
of which Taxes: +€10,115
- Debts after one year -€9,210
down €9,210 (-100.0%), from €9,210 to €0
- Current portion of long-term debt -€6,323
down €6,323 (-40.7%), from €15,533 to €9,210
- Gross operating margin +€56,416
up €56,416 (+84.5%), from €66,793 to €123,208
- Taxes +€15,970
up €15,970 (+93.1%), from €17,145 to €33,115
- Financial income -€1,826
down €1,826 (-19.7%), from €9,260 to €7,434
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 | €370,370 | €281,028 | -€89,342 | -24.1% |
| Fixed assets | 21/28 | €31,814 | €14,598 | -€17,217 | -54.1% |
| Tangible fixed assets | 22/27 | €31,814 | €14,598 | -€17,217 | -54.1% |
| Plant, machinery and equipment | 23 | €2,333 | €2,080 | -€253 | -10.8% |
| Furniture and vehicles | 24 | €29,482 | €12,518 | -€16,964 | -57.5% |
| Current assets | 29/58 | €338,556 | €266,430 | -€72,125 | -21.3% |
| Amounts receivable after more than one year | 29 | €225,000 | €100,000 | -€125,000 | -55.6% |
| Other amounts receivable | 291 | €225,000 | €100,000 | -€125,000 | -55.6% |
| Amounts receivable within one year | 40/41 | €73,643 | €54,658 | -€18,985 | -25.8% |
| Trade receivables | 40 | €86 | €836 | +€751 | +874.8% |
| Other amounts receivable | 41 | €73,557 | €53,822 | -€19,735 | -26.8% |
| Cash at bank and in hand | 54/58 | €36,978 | €108,586 | +€71,608 | +193.6% |
| Deferred charges and accrued income | 490/1 | €2,934 | €3,186 | +€252 | +8.6% |
| Total equity and liabilities | 10/49 | €370,370 | €281,028 | -€89,342 | -24.1% |
| Equity | 10/15 | €323,408 | €240,250 | -€83,158 | -25.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €317,208 | €234,050 | -€83,158 | -26.2% |
| Distributable reserves | 133 | €317,208 | €234,050 | -€83,158 | -26.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,962 | €40,778 | -€6,184 | -13.2% |
| Amounts payable after more than one year | 17 | €9,210 | €0 | -€9,210 | -100.0% |
| Financial debts | 170/4 | €9,210 | €0 | -€9,210 | -100.0% |
| Amounts payable within one year | 42/48 | €37,522 | €40,778 | +€3,256 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €15,533 | €9,210 | -€6,323 | -40.7% |
| Trade debts | 44 | €5,082 | €4,546 | -€536 | -10.5% |
| Suppliers | 440/4 | €5,082 | €4,546 | -€536 | -10.5% |
| Taxes, remuneration and social security | 45 | €16,907 | €27,022 | +€10,115 | +59.8% |
| Taxes | 450/3 | €13,852 | €23,967 | +€10,115 | +73.0% |
| Remuneration and social security | 454/9 | €3,055 | €3,055 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €230 | €0 | -€230 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,156 | €17,217 | +€60 | +0.4% |
| Other operating charges | 640/8 | €1,874 | €889 | -€985 | -52.6% |
| Gross operating margin | 9900 | €66,793 | €123,208 | +€56,416 | +84.5% |
| Operating profit (loss) | 9901 | €47,762 | €105,103 | +€57,341 | +120.1% |
| Financial income | 75/76B | €9,260 | €7,434 | -€1,826 | -19.7% |
| Recurring financial income | 75 | €9,260 | €7,434 | -€1,826 | -19.7% |
| Financial charges | 65/66B | €869 | €541 | -€328 | -37.7% |
| Recurring financial charges | 65 | €869 | €541 | -€328 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €56,153 | €111,996 | +€55,842 | +99.4% |
| Income taxes | 67/77 | €17,145 | €33,115 | +€15,970 | +93.1% |
| Profit (loss) for the period | 9904 | €39,008 | €78,881 | +€39,873 | +102.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,008 | €78,881 | +€39,873 | +102.2% |
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.