Versti: 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.
Versti
Largest movements
- Cash +€19,031
up €19,031 (+128.1%), from €14,855 to €33,887
mainly Net result for the year (+€45,250) and Depreciation (+€18,093)
- Tangible fixed assets -€13,135
down €13,135 (-40.5%), from €32,438 to €19,304
of which Furniture and vehicles: -€12,633
- Receivables within one year -€7,894
down €7,894 (-19.3%), from €40,986 to €33,092
of which Other amounts receivable: -€12,902
- Reserves +€45,250
up €45,250 (+36.8%), from €122,963 to €168,213
of which Distributable reserves: +€45,250
- Debts after one year -€26,659
down €26,659 (-29.3%), from €90,893 to €64,233
- Other debts -€10,055
no longer reported in 2025 (was €10,055)
- Trade debts -€6,940
down €6,940 (-82.4%), from €8,422 to €1,482
- Current portion of long-term debt -€5,452
down €5,452 (-11.6%), from €47,056 to €41,604
- Gross operating margin -€12,447
down €12,447 (-12.9%), from €96,391 to €83,944
- Taxes -€9,940
down €9,940 (-41.1%), from €24,191 to €14,250
- Depreciation +€2,092
up €2,092 (+13.1%), from €16,001 to €18,093
- Financial charges +€1,549
up €1,549 (+38.1%), from €4,067 to €5,616
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 | €318,566 | €319,839 | +€1,273 | +0.4% |
| Fixed assets | 21/28 | €262,438 | €249,304 | -€13,135 | -5.0% |
| Tangible fixed assets | 22/27 | €32,438 | €19,304 | -€13,135 | -40.5% |
| Plant, machinery and equipment | 23 | €1,439 | €938 | -€501 | -34.8% |
| Furniture and vehicles | 24 | €30,999 | €18,366 | -€12,633 | -40.8% |
| Financial fixed assets | 28 | €230,000 | €230,000 | = | 0.0% |
| Current assets | 29/58 | €56,128 | €70,536 | +€14,408 | +25.7% |
| Amounts receivable after more than one year | 29 | - | €3,194 | +€3,194 | |
| Trade receivables | 290 | - | €3,194 | +€3,194 | |
| Amounts receivable within one year | 40/41 | €40,986 | €33,092 | -€7,894 | -19.3% |
| Trade receivables | 40 | €28,084 | €33,092 | +€5,008 | +17.8% |
| Other amounts receivable | 41 | €12,902 | - | -€12,902 | |
| Cash at bank and in hand | 54/58 | €14,855 | €33,887 | +€19,031 | +128.1% |
| Deferred charges and accrued income | 490/1 | €287 | €362 | +€76 | +26.4% |
| Total equity and liabilities | 10/49 | €318,566 | €319,839 | +€1,273 | +0.4% |
| Equity | 10/15 | €137,963 | €183,213 | +€45,250 | +32.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €122,963 | €168,213 | +€45,250 | +36.8% |
| Non-distributable reserves | 130/1 | €140 | €140 | = | 0.0% |
| Reserves not available under the articles | 1311 | €140 | €140 | = | 0.0% |
| Distributable reserves | 133 | €122,823 | €168,073 | +€45,250 | +36.8% |
| Amounts payable | 17/49 | €180,603 | €136,627 | -€43,977 | -24.3% |
| Amounts payable after more than one year | 17 | €90,893 | €64,233 | -€26,659 | -29.3% |
| Financial debts | 170/4 | €90,893 | €64,233 | -€26,659 | -29.3% |
| Amounts payable within one year | 42/48 | €89,075 | €71,758 | -€17,317 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €47,056 | €41,604 | -€5,452 | -11.6% |
| Financial debts | 43 | €4,226 | €4,206 | -€20 | -0.5% |
| Credit institutions | 430/8 | €4,226 | €4,206 | -€20 | -0.5% |
| Trade debts | 44 | €8,422 | €1,482 | -€6,940 | -82.4% |
| Suppliers | 440/4 | €8,422 | €1,482 | -€6,940 | -82.4% |
| Taxes, remuneration and social security | 45 | €19,317 | €24,466 | +€5,149 | +26.7% |
| Taxes | 450/3 | €19,317 | €24,466 | +€5,149 | +26.7% |
| Other amounts payable | 47/48 | €10,055 | - | -€10,055 | |
| Accrued charges and deferred income | 492/3 | €636 | €636 | = | 0.0% |
| Non-recurring operating income | 76A | €51,497 | €4,132 | -€47,365 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,001 | €18,093 | +€2,092 | +13.1% |
| Other operating charges | 640/8 | €1,298 | €516 | -€782 | -60.2% |
| Non-recurring operating charges | 66A | €330 | €218 | -€112 | -33.8% |
| Gross operating margin | 9900 | €96,391 | €83,944 | -€12,447 | -12.9% |
| Operating profit (loss) | 9901 | €78,762 | €65,116 | -€13,646 | -17.3% |
| Financial charges | 65/66B | €4,067 | €5,616 | +€1,549 | +38.1% |
| Recurring financial charges | 65 | €4,067 | €5,616 | +€1,549 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €74,696 | €59,500 | -€15,195 | -20.3% |
| Income taxes | 67/77 | €24,191 | €14,250 | -€9,940 | -41.1% |
| Profit (loss) for the period | 9904 | €50,505 | €45,250 | -€5,255 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,505 | €45,250 | -€5,255 | -10.4% |
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 11 October 2026 via checked.be.