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VERSULUX: 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.

What changed

VERSULUX

BE 0420.545.280
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€260,321
2024 · €45,218+€215,103
Equity
€263,630
2024 · €3,309+€260,321
Cash
€14,012
2024 · €1,167+€12,845
Balance sheet total
€347,654
2024 · €6,710+€340,944

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€309,664

    up €309,664 (+5586.1%), from €5,543 to €315,208

  • Current investments +€14,519

    new in 2025: €14,519

  • Cash +€12,845

    up €12,845 (+1101.0%), from €1,167 to €14,012

    mainly Net result for the year (+€260,321) and Tax, wage and social debts (+€80,622)

  • Tangible fixed assets +€3,915

    new in 2025: €3,915

Equity and liabilities
  • Profit (loss) carried forward +€260,321

    up €260,321, from -€35,486 to €224,835

  • Tax, wage and social debts +€80,622

    up €80,622 (+2370.1%), from €3,402 to €84,024

Income statement
  • Gross operating margin +€298,726

    up €298,726 (+449.9%), from €66,397 to €365,123

  • Taxes +€80,622

    up €80,622 (+523.5%), from €15,402 to €96,024

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €45,218
Gross operating margin +€298,726
Depreciation -€1,521
Other operating charges -€1,139
Financial charges -€341
Taxes -€80,622
Result 2025 €260,321

Cash bridge derived

cash 2024 to 2025

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.

From operations +€32,800
Investment -€19,955
Financing €0
Cash 2024 €1,167
Net result for the year +€260,321
Depreciation +€1,521
Receivables within one year -€309,664
Tax, wage and social debts +€80,622
Investment in fixed assets (net) -€5,436
Current investments -€14,519
Cash 2025 €14,012
Every line side by side 31 lines
Line Code 2024 2025 Change %
Total assets 20/58 €6,710 €347,654 +€340,944 +5081.0%
Fixed assets 21/28 - €3,915 +€3,915
Tangible fixed assets 22/27 - €3,915 +€3,915
Land and buildings 22 - €3,915 +€3,915
Current assets 29/58 €6,710 €343,739 +€337,029 +5022.7%
Amounts receivable within one year 40/41 €5,543 €315,208 +€309,664 +5586.1%
Other amounts receivable 41 €5,543 €315,208 +€309,664 +5586.1%
Current investments 50/53 - €14,519 +€14,519
Cash at bank and in hand 54/58 €1,167 €14,012 +€12,845 +1101.0%
Total equity and liabilities 10/49 €6,710 €347,654 +€340,944 +5081.0%
Equity 10/15 €3,309 €263,630 +€260,321 +7868.2%
Contributions 10/11 €25,000 €25,000 = 0.0%
Reserves 13 €13,795 €13,795 = 0.0%
Non-distributable reserves 130/1 €2,479 €2,479 = 0.0%
Reserves not available under the articles 1311 €2,479 €2,479 = 0.0%
Distributable reserves 133 €11,316 €11,316 = 0.0%
Profit (loss) carried forward 14 -€35,486 €224,835 +€260,321
Amounts payable 17/49 €3,402 €84,024 +€80,622 +2370.1%
Amounts payable within one year 42/48 €3,402 €84,024 +€80,622 +2370.1%
Taxes, remuneration and social security 45 €3,402 €84,024 +€80,622 +2370.1%
Taxes 450/3 €3,402 €84,024 +€80,622 +2370.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €1,521 +€1,521
Other operating charges 640/8 €5,728 €6,868 +€1,139 +19.9%
Gross operating margin 9900 €66,397 €365,123 +€298,726 +449.9%
Operating profit (loss) 9901 €60,669 €356,735 +€296,066 +488.0%
Financial charges 65/66B €49 €390 +€341 +694.8%
Recurring financial charges 65 €49 €390 +€341 +694.8%
Profit (loss) for the period before taxes 9903 €60,620 €356,345 +€295,726 +487.8%
Income taxes 67/77 €15,402 €96,024 +€80,622 +523.5%
Profit (loss) for the period 9904 €45,218 €260,321 +€215,103 +475.7%
Profit (loss) for the period to be appropriated 9905 €45,218 €260,321 +€215,103 +475.7%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.