VERSTIE: 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.
VERSTIE
Largest movements
- Cash -€33,489
down €33,489 (-21.7%), from €154,405 to €120,916
mainly Other debts (-€24,531) and Net result for the year (-€9,110)
- Receivables within one year +€7,247
up €7,247 (+22.3%), from €32,550 to €39,797
of which Trade receivables: +€7,583
- Stocks and contracts +€5,606
new in 2025: €5,606
- Tangible fixed assets -€4,895
down €4,895 (-31.2%), from €15,666 to €10,771
of which Furniture and vehicles: -€4,160
- Other debts -€24,531
down €24,531 (-68.3%), from €35,918 to €11,386
- Reserves -€6,193
down €6,193 (-4.1%), from €151,748 to €145,555
of which Distributable reserves: -€6,193
- Tax, wage and social debts +€4,195
up €4,195, from €0 to €4,195
- Accrued charges and deferred income +€3,367
up €3,367 (+2,784%), from €121 to €3,488
- Profit (loss) carried forward -€2,917
down €2,917, from €0 to -€2,917
- Gross operating margin -€24,750
down €24,750, from €18,816 to -€5,934
- Taxes -€5,252
down €5,252 (-100%), from €5,252 to €0
- Financial charges +€310
up €310 (+1,685%), from €18 to €328
- Financial income -€291
down €291 (-9.4%), from €3,089 to €2,798
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 | €204,948 | €179,554 | -€25,393 | -12.4% |
| Fixed assets | 21/28 | €15,666 | €10,771 | -€4,895 | -31.2% |
| Tangible fixed assets | 22/27 | €15,666 | €10,771 | -€4,895 | -31.2% |
| Land and buildings | 22 | €1,471 | €735 | -€735 | -50.0% |
| Furniture and vehicles | 24 | €14,195 | €10,035 | -€4,160 | -29.3% |
| Current assets | 29/58 | €189,282 | €168,784 | -€20,498 | -10.8% |
| Stocks and contracts in progress | 3 | - | €5,606 | +€5,606 | |
| Stocks | 30/36 | - | €5,606 | +€5,606 | |
| Amounts receivable within one year | 40/41 | €32,550 | €39,797 | +€7,247 | +22.3% |
| Trade receivables | 40 | €26,839 | €34,422 | +€7,583 | +28.3% |
| Other amounts receivable | 41 | €5,711 | €5,376 | -€336 | -5.9% |
| Cash at bank and in hand | 54/58 | €154,405 | €120,916 | -€33,489 | -21.7% |
| Deferred charges and accrued income | 490/1 | €2,327 | €2,465 | +€138 | +5.9% |
| Total equity and liabilities | 10/49 | €204,948 | €179,554 | -€25,393 | -12.4% |
| Equity | 10/15 | €157,948 | €148,839 | -€9,110 | -5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,748 | €145,555 | -€6,193 | -4.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €151,748 | €145,555 | -€6,193 | -4.1% |
| Profit (loss) carried forward | 14 | €0 | -€2,917 | -€2,917 | |
| Amounts payable | 17/49 | €46,999 | €30,716 | -€16,284 | -34.6% |
| Amounts payable within one year | 42/48 | €46,878 | €27,228 | -€19,651 | -41.9% |
| Trade debts | 44 | €10,961 | €11,646 | +€685 | +6.3% |
| Suppliers | 440/4 | €10,961 | €11,646 | +€685 | +6.3% |
| Taxes, remuneration and social security | 45 | €0 | €4,195 | +€4,195 | |
| Taxes | 450/3 | €0 | €4,195 | +€4,195 | |
| Other amounts payable | 47/48 | €35,918 | €11,386 | -€24,531 | -68.3% |
| Accrued charges and deferred income | 492/3 | €121 | €3,488 | +€3,367 | +2,784% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,895 | €4,895 | = | 0.0% |
| Other operating charges | 640/8 | €709 | €750 | +€41 | +5.9% |
| Gross operating margin | 9900 | €18,816 | -€5,934 | -€24,750 | |
| Operating profit (loss) | 9901 | €13,212 | -€11,579 | -€24,791 | |
| Financial income | 75/76B | €3,089 | €2,798 | -€291 | -9.4% |
| Recurring financial income | 75 | €3,089 | €2,798 | -€291 | -9.4% |
| Financial charges | 65/66B | €18 | €328 | +€310 | +1,685% |
| Recurring financial charges | 65 | €18 | €328 | +€310 | +1,685% |
| Profit (loss) for the period before taxes | 9903 | €16,283 | -€9,110 | -€25,392 | |
| Income taxes | 67/77 | €5,252 | €0 | -€5,252 | -100% |
| Profit (loss) for the period | 9904 | €11,031 | -€9,110 | -€20,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,031 | -€9,110 | -€20,140 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.