Versu Verhuur: what changed
Versu Verhuur
Largest movements
- Tangible fixed assets +€28,027
up €28,027 (+19.3%), from €145,049 to €173,076
of which Plant, machinery and equipment: +€30,080
- Cash +€12,191
up €12,191 (+100%), from €12,176 to €24,366
mainly Debts after one year (+€62,647) and Depreciation (+€61,313)
- Intangible fixed assets -€6,177
down €6,177 (-32.2%), from €19,213 to €13,036
- Receivables within one year +€2,805
up €2,805 (+85.4%), from €3,286 to €6,091
of which Trade receivables: +€2,660
- Debts after one year +€62,647
up €62,647 (+86.5%), from €72,407 to €135,054
- Profit (loss) carried forward -€19,922
down €19,922 (-485%), from -€4,111 to -€24,033
- Trade debts -€13,017
down €13,017 (-24.6%), from €52,945 to €39,927
- Current portion of long-term debt +€5,567
up €5,567 (+33.2%), from €16,752 to €22,319
- Depreciation +€25,172
up €25,172 (+69.6%), from €36,141 to €61,313
- Gross operating margin +€20,169
up €20,169 (+70.7%), from €28,513 to €48,682
- Financial charges +€2,329
up €2,329 (+70.4%), from €3,310 to €5,639
- Other operating charges +€1,419
up €1,419 (+366%), from €387 to €1,807
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €180,200 | €217,417 | +€37,216 | +20.7% |
| Fixed assets | 21/28 | €164,262 | €186,197 | +€21,935 | +13.4% |
| Intangible fixed assets | 21 | €19,213 | €13,036 | -€6,177 | -32.2% |
| Tangible fixed assets | 22/27 | €145,049 | €173,076 | +€28,027 | +19.3% |
| Land and buildings | 22 | €15,213 | €0 | -€15,213 | -100% |
| Plant, machinery and equipment | 23 | €127,800 | €157,880 | +€30,080 | +23.5% |
| Furniture and vehicles | 24 | €2,036 | €1,506 | -€530 | -26.0% |
| Other tangible fixed assets | 26 | - | €13,691 | +€13,691 | |
| Financial fixed assets | 28 | - | €85 | +€85 | |
| Current assets | 29/58 | €15,939 | €31,220 | +€15,281 | +95.9% |
| Amounts receivable within one year | 40/41 | €3,286 | €6,091 | +€2,805 | +85.4% |
| Trade receivables | 40 | €399 | €3,059 | +€2,660 | +667% |
| Other amounts receivable | 41 | €2,887 | €3,032 | +€145 | +5.0% |
| Cash at bank and in hand | 54/58 | €12,176 | €24,366 | +€12,191 | +100% |
| Deferred charges and accrued income | 490/1 | €478 | €763 | +€285 | +59.6% |
| Total equity and liabilities | 10/49 | €180,200 | €217,417 | +€37,216 | +20.7% |
| Equity | 10/15 | €5,889 | -€14,033 | -€19,922 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€4,111 | -€24,033 | -€19,922 | -485% |
| Amounts payable | 17/49 | €174,311 | €231,450 | +€57,139 | +32.8% |
| Amounts payable after more than one year | 17 | €72,407 | €135,054 | +€62,647 | +86.5% |
| Financial debts | 170/4 | €72,407 | €135,054 | +€62,647 | +86.5% |
| Amounts payable within one year | 42/48 | €101,164 | €95,346 | -€5,818 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €16,752 | €22,319 | +€5,567 | +33.2% |
| Trade debts | 44 | €52,945 | €39,927 | -€13,017 | -24.6% |
| Suppliers | 440/4 | €52,945 | €39,927 | -€13,017 | -24.6% |
| Advances received on contracts in progress | 46 | €365 | €1,317 | +€953 | +261% |
| Taxes, remuneration and social security | 45 | €60 | €0 | -€60 | -100% |
| Taxes | 450/3 | €60 | €0 | -€60 | -100% |
| Other amounts payable | 47/48 | €31,042 | €31,783 | +€740 | +2.4% |
| Accrued charges and deferred income | 492/3 | €740 | €1,050 | +€309 | +41.8% |
| Non-recurring operating income | 76A | €1,001 | €0 | -€1,001 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,141 | €61,313 | +€25,172 | +69.6% |
| Other operating charges | 640/8 | €387 | €1,807 | +€1,419 | +366% |
| Gross operating margin | 9900 | €28,513 | €48,682 | +€20,169 | +70.7% |
| Operating profit (loss) | 9901 | -€8,016 | -€14,438 | -€6,422 | -80.1% |
| Financial income | 75/76B | €12 | €154 | +€142 | +1,206% |
| Recurring financial income | 75 | €12 | €154 | +€142 | +1,206% |
| Financial charges | 65/66B | €3,310 | €5,639 | +€2,329 | +70.4% |
| Recurring financial charges | 65 | €3,310 | €5,639 | +€2,329 | +70.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,314 | -€19,922 | -€8,608 | -76.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,314 | -€19,922 | -€8,608 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,314 | -€19,922 | -€8,608 | -76.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.