VerSta: 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.
VerSta
Largest movements
- Cash -€47,642
down €47,642 (-69.6%), from €68,499 to €20,856
mainly Investment in fixed assets (net) (-€116,245) and Debts after one year (-€43,654)
- Tangible fixed assets +€34,332
up €34,332 (+4.8%), from €712,390 to €746,722
of which Land and buildings: +€48,782
- Debts after one year -€43,654
down €43,654 (-6.7%), from €654,160 to €610,506
of which Other amounts payable: -€434,672
- Reserves +€21,000
up €21,000 (+47.7%), from €44,000 to €65,000
- Current portion of long-term debt +€15,969
up €15,969 (+46.9%), from €34,075 to €50,044
- Gross operating margin +€72,343
up €72,343 (+23.6%), from €307,179 to €379,523
- Staff costs +€60,446
up €60,446 (+33.0%), from €182,921 to €243,367
- Depreciation +€32,052
up €32,052 (+64.3%), from €49,861 to €81,913
- Financial charges +€8,581
up €8,581 (+52.3%), from €16,395 to €24,976
- Taxes -€4,581
down €4,581 (-40.9%), from €11,206 to €6,625
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 | €804,052 | €789,803 | -€14,248 | -1.8% |
| Fixed assets | 21/28 | €713,090 | €747,422 | +€34,332 | +4.8% |
| Tangible fixed assets | 22/27 | €712,390 | €746,722 | +€34,332 | +4.8% |
| Land and buildings | 22 | €603,000 | €651,782 | +€48,782 | +8.1% |
| Plant, machinery and equipment | 23 | €44,390 | €49,940 | +€5,550 | +12.5% |
| Furniture and vehicles | 24 | €65,000 | €45,000 | -€20,000 | -30.8% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €90,962 | €42,381 | -€48,580 | -53.4% |
| Stocks and contracts in progress | 3 | €22,463 | €18,366 | -€4,097 | -18.2% |
| Stocks | 30/36 | €22,463 | €18,366 | -€4,097 | -18.2% |
| Amounts receivable within one year | 40/41 | - | €3,159 | +€3,159 | |
| Trade receivables | 40 | - | €214 | +€214 | |
| Other amounts receivable | 41 | - | €2,944 | +€2,944 | |
| Cash at bank and in hand | 54/58 | €68,499 | €20,856 | -€47,642 | -69.6% |
| Total equity and liabilities | 10/49 | €804,052 | €789,803 | -€14,248 | -1.8% |
| Equity | 10/15 | €48,491 | €69,109 | +€20,617 | +42.5% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €44,000 | €65,000 | +€21,000 | +47.7% |
| Distributable reserves | 133 | €44,000 | €65,000 | +€21,000 | +47.7% |
| Profit (loss) carried forward | 14 | €891 | €509 | -€383 | -42.9% |
| Amounts payable | 17/49 | €755,560 | €720,695 | -€34,866 | -4.6% |
| Amounts payable after more than one year | 17 | €654,160 | €610,506 | -€43,654 | -6.7% |
| Financial debts | 170/4 | €219,488 | €610,506 | +€391,018 | +178.2% |
| Other amounts payable | 178/9 | €434,672 | - | -€434,672 | |
| Amounts payable within one year | 42/48 | €101,401 | €110,189 | +€8,788 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €34,075 | €50,044 | +€15,969 | +46.9% |
| Trade debts | 44 | €10,042 | €7,885 | -€2,157 | -21.5% |
| Suppliers | 440/4 | €10,042 | €7,885 | -€2,157 | -21.5% |
| Taxes, remuneration and social security | 45 | €27,592 | €26,208 | -€1,384 | -5.0% |
| Taxes | 450/3 | €13,116 | €8,094 | -€5,021 | -38.3% |
| Remuneration and social security | 454/9 | €14,476 | €18,113 | +€3,637 | +25.1% |
| Other amounts payable | 47/48 | €29,692 | €26,051 | -€3,641 | -12.3% |
| Remuneration, social security and pensions | 62 | €182,921 | €243,367 | +€60,446 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,861 | €81,913 | +€32,052 | +64.3% |
| Other operating charges | 640/8 | €1,906 | €2,029 | +€124 | +6.5% |
| Gross operating margin | 9900 | €307,179 | €379,523 | +€72,343 | +23.6% |
| Operating profit (loss) | 9901 | €72,491 | €52,212 | -€20,279 | -28.0% |
| Financial income | 75/76B | €1 | €6 | +€5 | +806.5% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +806.5% |
| Financial charges | 65/66B | €16,395 | €24,976 | +€8,581 | +52.3% |
| Recurring financial charges | 65 | €16,395 | €24,976 | +€8,581 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €56,097 | €27,242 | -€28,855 | -51.4% |
| Income taxes | 67/77 | €11,206 | €6,625 | -€4,581 | -40.9% |
| Profit (loss) for the period | 9904 | €44,891 | €20,617 | -€24,274 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,891 | €20,617 | -€24,274 | -54.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.