VERSURA: 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.
VERSURA
Largest movements
- Financial fixed assets +€1.7m
new in 2025: €1.7m
- Cash +€430,210
up €430,210 (+112%), from €384,158 to €814,368
mainly Contributions, distributions and other (+€1.7m) and Net result for the year (+€541,366)
- Receivables within one year +€164,112
up €164,112 (+386%), from €42,555 to €206,666
of which Other amounts receivable: +€163,190
- Tangible fixed assets -€40,084
down €40,084 (-9.3%), from €433,087 to €393,004
- Contributions +€1.7m
up €1.7m (+685%), from €250,000 to €2.0m
- Reserves +€471,046
up €471,046 (+41.6%), from €1.1m to €1.6m
of which Distributable reserves: +€478,567
- Profit (loss) carried forward +€70,320
up €70,320, from -€70,320 to €0
- Financial income +€493,478
up €493,478 (+1,847%), from €26,717 to €520,194
- Gross operating margin +€160,779
up €160,779 (+1,431%), from €11,233 to €172,012
- Taxes +€88,398
up €88,398 (+3,514%), from €2,516 to €90,914
- Financial charges +€8,638
up €8,638 (+216%), from €3,992 to €12,630
of which Financial charges: +€8,581
- Depreciation +€8,074
up €8,074 (+23.7%), from €34,033 to €42,107
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 | €1,316,345 | €3,590,868 | +€2.3m | +173% |
| Fixed assets | 21/28 | €433,087 | €2,105,381 | +€1.7m | +386% |
| Tangible fixed assets | 22/27 | €433,087 | €393,004 | -€40,084 | -9.3% |
| Land and buildings | 22 | €250,723 | €234,093 | -€16,630 | -6.6% |
| Furniture and vehicles | 24 | €70,403 | €56,416 | -€13,987 | -19.9% |
| Other tangible fixed assets | 26 | €111,961 | €102,495 | -€9,467 | -8.5% |
| Financial fixed assets | 28 | - | €1,712,377 | +€1.7m | |
| Current assets | 29/58 | €883,258 | €1,485,487 | +€602,229 | +68.2% |
| Amounts receivable within one year | 40/41 | €42,555 | €206,666 | +€164,112 | +386% |
| Trade receivables | 40 | - | €922 | +€922 | |
| Other amounts receivable | 41 | €42,555 | €205,745 | +€163,190 | +383% |
| Current investments | 50/53 | €445,746 | €464,453 | +€18,707 | +4.2% |
| Cash at bank and in hand | 54/58 | €384,158 | €814,368 | +€430,210 | +112% |
| Deferred charges and accrued income | 490/1 | €10,800 | €0 | -€10,800 | -100% |
| Total equity and liabilities | 10/49 | €1,316,345 | €3,590,868 | +€2.3m | +173% |
| Equity | 10/15 | €1,311,020 | €3,565,205 | +€2.3m | +172% |
| Contributions | 10/11 | €250,000 | €1,962,820 | +€1.7m | +685% |
| Reserves | 13 | €1,131,340 | €1,602,385 | +€471,046 | +41.6% |
| Tax-exempt reserves | 132 | €85,270 | €77,749 | -€7,521 | -8.8% |
| Distributable reserves | 133 | €1,046,070 | €1,524,637 | +€478,567 | +45.7% |
| Profit (loss) carried forward | 14 | -€70,320 | €0 | +€70,320 | |
| Amounts payable | 17/49 | €5,326 | €25,662 | +€20,336 | +382% |
| Amounts payable within one year | 42/48 | €5,326 | €25,662 | +€20,336 | +382% |
| Trade debts | 44 | - | €866 | +€866 | |
| Suppliers | 440/4 | - | €866 | +€866 | |
| Taxes, remuneration and social security | 45 | - | €10,218 | +€10,218 | |
| Taxes | 450/3 | - | €10,218 | +€10,218 | |
| Other amounts payable | 47/48 | €5,326 | €14,578 | +€9,253 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,033 | €42,107 | +€8,074 | +23.7% |
| Other operating charges | 640/8 | €4,008 | €5,189 | +€1,181 | +29.5% |
| Gross operating margin | 9900 | €11,233 | €172,012 | +€160,779 | +1,431% |
| Operating profit (loss) | 9901 | -€26,808 | €124,715 | +€151,524 | |
| Financial income | 75/76B | €26,717 | €520,194 | +€493,478 | +1,847% |
| Recurring financial income | 75 | €26,717 | €520,194 | +€493,478 | +1,847% |
| Financial charges | 65/66B | €3,992 | €12,630 | +€8,638 | +216% |
| Recurring financial charges | 65 | €3,992 | €12,573 | +€8,581 | +215% |
| Non-recurring financial charges | 66B | - | €57 | +€57 | |
| Profit (loss) for the period before taxes | 9903 | -€4,084 | €632,280 | +€636,363 | |
| Income taxes | 67/77 | €2,516 | €90,914 | +€88,398 | +3,514% |
| Profit (loss) for the period | 9904 | -€6,599 | €541,366 | +€547,965 | |
| Transfer from tax-exempt reserves | 789 | €7,521 | €7,521 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €922 | €548,887 | +€547,965 | +59,459% |
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 13 October 2026 via checked.be.