VERSUM: 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.
VERSUM
Largest movements
- Cash +€6,841
up €6,841 (+174.4%), from €3,923 to €10,763
mainly Receivables within one year (+€4,424) and Tax, wage and social debts (+€3,082)
- Receivables within one year -€4,424
down €4,424 (-55.1%), from €8,026 to €3,603
of which Trade receivables: -€7,432
- Formation expenses -€698
down €698 (-100.0%), from €698 to €0
- Tangible fixed assets -€284
down €284 (-13.0%), from €2,179 to €1,895
- Tax, wage and social debts +€3,082
up €3,082 (+46.7%), from €6,596 to €9,679
- Profit (loss) carried forward -€2,743
down €2,743 (-70.9%), from €3,866 to €1,123
- Trade debts +€1,095
up €1,095 (+140.2%), from €781 to €1,876
- Gross operating margin -€7,246
down €7,246 (-55.6%), from €13,043 to €5,797
- Taxes -€1,837
down €1,837 (-80.0%), from €2,294 to €458
- Financial charges +€1,040
up €1,040 (+30.9%), from €3,369 to €4,410
- Depreciation +€226
up €226 (+20.7%), from €1,093 to €1,319
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 | €14,827 | €16,261 | +€1,434 | +9.7% |
| Formation expenses | 20 | €698 | €0 | -€698 | -100.0% |
| Fixed assets | 21/28 | €2,179 | €1,895 | -€284 | -13.0% |
| Tangible fixed assets | 22/27 | €2,179 | €1,895 | -€284 | -13.0% |
| Furniture and vehicles | 24 | €2,179 | €1,895 | -€284 | -13.0% |
| Current assets | 29/58 | €11,949 | €14,366 | +€2,417 | +20.2% |
| Amounts receivable within one year | 40/41 | €8,026 | €3,603 | -€4,424 | -55.1% |
| Trade receivables | 40 | €7,855 | €423 | -€7,432 | -94.6% |
| Other amounts receivable | 41 | €171 | €3,179 | +€3,008 | +1757.0% |
| Cash at bank and in hand | 54/58 | €3,923 | €10,763 | +€6,841 | +174.4% |
| Total equity and liabilities | 10/49 | €14,827 | €16,261 | +€1,434 | +9.7% |
| Equity | 10/15 | €6,866 | €4,123 | -€2,743 | -39.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,866 | €1,123 | -€2,743 | -70.9% |
| Amounts payable | 17/49 | €7,960 | €12,137 | +€4,177 | +52.5% |
| Amounts payable within one year | 42/48 | €7,960 | €12,137 | +€4,177 | +52.5% |
| Trade debts | 44 | €781 | €1,876 | +€1,095 | +140.2% |
| Suppliers | 440/4 | €781 | €1,876 | +€1,095 | +140.2% |
| Taxes, remuneration and social security | 45 | €6,596 | €9,679 | +€3,082 | +46.7% |
| Taxes | 450/3 | €6,596 | €9,679 | +€3,082 | +46.7% |
| Other amounts payable | 47/48 | €583 | €583 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €1,319 | +€226 | +20.7% |
| Other operating charges | 640/8 | €1,587 | €1,520 | -€67 | -4.2% |
| Gross operating margin | 9900 | €13,043 | €5,797 | -€7,246 | -55.6% |
| Operating profit (loss) | 9901 | €10,363 | €2,958 | -€7,406 | -71.5% |
| Financial charges | 65/66B | €3,369 | €4,410 | +€1,040 | +30.9% |
| Recurring financial charges | 65 | €3,369 | €4,410 | +€1,040 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €6,994 | -€1,452 | -€8,446 | |
| Income taxes | 67/77 | €2,294 | €458 | -€1,837 | -80.0% |
| Profit (loss) for the period | 9904 | €4,699 | -€1,910 | -€6,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,699 | -€1,910 | -€6,609 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.