VERSUS-OMEGA: what changed
VERSUS-OMEGA
Largest movements
- Stocks and contracts +€2.3m
up €2.3m (+45.8%), from €5.0m to €7.4m
- Receivables within one year -€1.5m
down €1.5m (-41.7%), from €3.5m to €2.0m
of which Other amounts receivable: -€945,794
- Tangible fixed assets -€139,363
down €139,363 (-31.3%), from €445,704 to €306,341
of which Furniture and vehicles: -€97,725
- Cash -€130,842
down €130,842 (-4.5%), from €2.9m to €2.8m
mainly Stocks and contracts (-€2.3m) and Trade debts (-€489,589)
- Reserves +€1.2m
up €1.2m (+11.4%), from €10.2m to €11.4m
of which Distributable reserves: +€1.2m
- Trade debts -€489,589
down €489,589 (-37.5%), from €1.3m to €816,131
- Short-term financial debts -€126,152
no longer reported in 2025 (was €126,152)
- Gross operating margin +€723,458
up €723,458 (+23.2%), from €3.1m to €3.8m
- Taxes +€117,525
up €117,525 (+43.6%), from €269,669 to €387,194
- Staff costs +€98,873
up €98,873 (+5.4%), from €1.8m to €1.9m
- Financial income -€90,319
down €90,319 (-63.3%), from €142,700 to €52,382
- Financial charges +€48,164
up €48,164 (+29.2%), from €164,885 to €213,049
of which Financial charges: +€48,104
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,054,097 | €12,567,998 | +€513,901 | +4.3% |
| Fixed assets | 21/28 | €535,484 | €376,121 | -€159,363 | -29.8% |
| Intangible fixed assets | 21 | €89,630 | €69,630 | -€20,000 | -22.3% |
| Tangible fixed assets | 22/27 | €445,704 | €306,341 | -€139,363 | -31.3% |
| Plant, machinery and equipment | 23 | €106,840 | €73,134 | -€33,706 | -31.5% |
| Furniture and vehicles | 24 | €300,856 | €203,132 | -€97,725 | -32.5% |
| Other tangible fixed assets | 26 | €38,007 | €30,075 | -€7,932 | -20.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €11,518,613 | €12,191,877 | +€673,264 | +5.8% |
| Stocks and contracts in progress | 3 | €5,040,806 | €7,350,103 | +€2.3m | +45.8% |
| Stocks | 30/36 | €5,040,806 | €7,350,103 | +€2.3m | +45.8% |
| Amounts receivable within one year | 40/41 | €3,491,942 | €2,035,654 | -€1.5m | -41.7% |
| Trade receivables | 40 | €2,097,002 | €1,586,508 | -€510,494 | -24.3% |
| Other amounts receivable | 41 | €1,394,940 | €449,146 | -€945,794 | -67.8% |
| Cash at bank and in hand | 54/58 | €2,912,731 | €2,781,889 | -€130,842 | -4.5% |
| Deferred charges and accrued income | 490/1 | €73,133 | €24,231 | -€48,902 | -66.9% |
| Total equity and liabilities | 10/49 | €12,054,097 | €12,567,998 | +€513,901 | +4.3% |
| Equity | 10/15 | €10,297,455 | €11,462,865 | +€1.2m | +11.3% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €10,231,455 | €11,396,865 | +€1.2m | +11.4% |
| Tax-exempt reserves | 132 | €29,347 | €29,347 | = | 0.0% |
| Distributable reserves | 133 | €10,202,108 | €11,367,518 | +€1.2m | +11.4% |
| Amounts payable | 17/49 | €1,756,642 | €1,105,133 | -€651,509 | -37.1% |
| Amounts payable within one year | 42/48 | €1,756,642 | €1,105,133 | -€651,509 | -37.1% |
| Financial debts | 43 | €126,152 | - | -€126,152 | |
| Credit institutions | 430/8 | €126,152 | - | -€126,152 | |
| Trade debts | 44 | €1,305,720 | €816,131 | -€489,589 | -37.5% |
| Suppliers | 440/4 | €1,305,720 | €816,131 | -€489,589 | -37.5% |
| Advances received on contracts in progress | 46 | €44,956 | €44,956 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €251,658 | €214,536 | -€37,122 | -14.8% |
| Taxes | 450/3 | €77,740 | €50,754 | -€26,986 | -34.7% |
| Remuneration and social security | 454/9 | €173,918 | €163,782 | -€10,136 | -5.8% |
| Other amounts payable | 47/48 | €28,157 | €29,510 | +€1,353 | +4.8% |
| Remuneration, social security and pensions | 62 | €1,837,341 | €1,936,214 | +€98,873 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,446 | €177,856 | -€9,589 | -5.1% |
| Other operating charges | 640/8 | €14,300 | €13,273 | -€1,028 | -7.2% |
| Gross operating margin | 9900 | €3,117,157 | €3,840,615 | +€723,458 | +23.2% |
| Operating profit (loss) | 9901 | €1,078,070 | €1,713,271 | +€635,201 | +58.9% |
| Financial income | 75/76B | €142,700 | €52,382 | -€90,319 | -63.3% |
| Recurring financial income | 75 | €142,700 | €52,382 | -€90,319 | -63.3% |
| Financial charges | 65/66B | €164,885 | €213,049 | +€48,164 | +29.2% |
| Recurring financial charges | 65 | €164,885 | €212,989 | +€48,104 | +29.2% |
| Non-recurring financial charges | 66B | - | €61 | +€61 | |
| Profit (loss) for the period before taxes | 9903 | €1,055,885 | €1,552,604 | +€496,719 | +47.0% |
| Income taxes | 67/77 | €269,669 | €387,194 | +€117,525 | +43.6% |
| Profit (loss) for the period | 9904 | €786,217 | €1,165,410 | +€379,193 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €786,217 | €1,165,410 | +€379,193 | +48.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.