VERSVIS: what changed
VERSVIS
Largest movements
- Receivables within one year -€22,122
down €22,122 (-60.9%), from €36,323 to €14,202
- Cash +€5,544
up €5,544 (+484%), from €1,146 to €6,690
mainly Receivables within one year (+€22,122) and Other debts (+€11,674)
- Stocks and contracts +€5,500
up €5,500 (+27.7%), from €19,850 to €25,350
- Trade debts -€32,547
down €32,547 (-53.7%), from €60,632 to €28,085
- Other debts +€11,674
new in 2025: €11,674
- Tax, wage and social debts +€7,162
up €7,162 (+81.4%), from €8,800 to €15,962
of which Remuneration and social security: +€7,425
- Profit (loss) carried forward +€2,633
up €2,633 (+156%), from €1,688 to €4,321
- Purchases and services +€292,417
new in 2025: €292,417
- Staff costs -€26,436
down €26,436 (-50.9%), from €51,954 to €25,518
- Gross operating margin -€25,596
down €25,596 (-46.9%), from €54,613 to €29,017
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 | €71,120 | €60,042 | -€11,078 | -15.6% |
| Fixed assets | 21/28 | €13,800 | €13,800 | = | 0.0% |
| Financial fixed assets | 28 | €13,800 | €13,800 | = | 0.0% |
| Current assets | 29/58 | €57,320 | €46,242 | -€11,078 | -19.3% |
| Stocks and contracts in progress | 3 | €19,850 | €25,350 | +€5,500 | +27.7% |
| Stocks | 30/36 | €19,850 | €25,350 | +€5,500 | +27.7% |
| Amounts receivable within one year | 40/41 | €36,323 | €14,202 | -€22,122 | -60.9% |
| Trade receivables | 40 | €36,323 | €14,202 | -€22,122 | -60.9% |
| Cash at bank and in hand | 54/58 | €1,146 | €6,690 | +€5,544 | +484% |
| Total equity and liabilities | 10/49 | €71,120 | €60,042 | -€11,078 | -15.6% |
| Equity | 10/15 | €1,688 | €4,321 | +€2,633 | +156% |
| Profit (loss) carried forward | 14 | €1,688 | €4,321 | +€2,633 | +156% |
| Amounts payable | 17/49 | €69,432 | €55,721 | -€13,711 | -19.7% |
| Amounts payable within one year | 42/48 | €69,432 | €55,721 | -€13,711 | -19.7% |
| Trade debts | 44 | €60,632 | €28,085 | -€32,547 | -53.7% |
| Suppliers | 440/4 | €60,632 | €28,085 | -€32,547 | -53.7% |
| Taxes, remuneration and social security | 45 | €8,800 | €15,962 | +€7,162 | +81.4% |
| Taxes | 450/3 | €3,284 | €3,021 | -€263 | -8.0% |
| Remuneration and social security | 454/9 | €5,516 | €12,941 | +€7,425 | +135% |
| Other amounts payable | 47/48 | - | €11,674 | +€11,674 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €292,417 | +€292,417 | |
| Remuneration, social security and pensions | 62 | €51,954 | €25,518 | -€26,436 | -50.9% |
| Other operating charges | 640/8 | €791 | €368 | -€423 | -53.5% |
| Gross operating margin | 9900 | €54,613 | €29,017 | -€25,596 | -46.9% |
| Operating profit (loss) | 9901 | €1,868 | €3,131 | +€1,264 | +67.6% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €180 | €185 | +€5 | +2.8% |
| Recurring financial charges | 65 | €180 | €185 | +€5 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €1,688 | €2,971 | +€1,283 | +76.0% |
| Income taxes | 67/77 | - | €338 | +€338 | |
| Profit (loss) for the period | 9904 | €1,688 | €2,633 | +€945 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,688 | €2,633 | +€945 | +56.0% |
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 8 November 2026 via checked.be.