ANNICK VERSTRINGHE: 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.
ANNICK VERSTRINGHE
Largest movements
- Cash +€9,711
up €9,711 (+30.3%), from €32,031 to €41,742
mainly Receivables within one year (+€9,691) and Depreciation (+€8,223)
- Receivables within one year -€9,691
down €9,691 (-28.7%), from €33,746 to €24,055
of which Other amounts receivable: -€10,002
- Tangible fixed assets -€8,223
down €8,223 (-50.7%), from €16,224 to €8,001
of which Furniture and vehicles: -€5,430
- Receivables after one year -€3,500
down €3,500 (-11.7%), from €30,000 to €26,500
- Deferred charges and accrued income +€2,502
up €2,502 (+131.0%), from €1,909 to €4,410
- Reserves +€6,760
up €6,760 (+8.3%), from €81,140 to €87,901
of which Distributable reserves: +€6,760
- Other debts -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Current portion of long-term debt -€4,926
down €4,926 (-58.0%), from €8,494 to €3,568
- Debts after one year -€3,568
down €3,568 (-100.0%), from €3,568 to €0
- Trade debts -€1,551
down €1,551 (-42.9%), from €3,613 to €2,062
- Gross operating margin +€43,631
up €43,631, from -€24,010 to €19,621
- Depreciation -€6,720
down €6,720 (-45.0%), from €14,943 to €8,223
- Other operating charges +€4,321
up €4,321 (+467.9%), from €923 to €5,244
- Financial income -€1,505
down €1,505 (-43.6%), from €3,450 to €1,945
- Taxes +€669
up €669 (+479.2%), from €140 to €808
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 | €129,352 | €120,150 | -€9,202 | -7.1% |
| Fixed assets | 21/28 | €16,224 | €8,001 | -€8,223 | -50.7% |
| Tangible fixed assets | 22/27 | €16,224 | €8,001 | -€8,223 | -50.7% |
| Plant, machinery and equipment | 23 | €1,990 | €1,201 | -€789 | -39.7% |
| Furniture and vehicles | 24 | €5,430 | €0 | -€5,430 | -100.0% |
| Other tangible fixed assets | 26 | €8,804 | €6,801 | -€2,004 | -22.8% |
| Current assets | 29/58 | €113,128 | €112,149 | -€979 | -0.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €26,500 | -€3,500 | -11.7% |
| Other amounts receivable | 291 | €30,000 | €26,500 | -€3,500 | -11.7% |
| Amounts receivable within one year | 40/41 | €33,746 | €24,055 | -€9,691 | -28.7% |
| Trade receivables | 40 | €16,597 | €16,908 | +€311 | +1.9% |
| Other amounts receivable | 41 | €17,149 | €7,147 | -€10,002 | -58.3% |
| Current investments | 50/53 | €15,441 | €15,441 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,031 | €41,742 | +€9,711 | +30.3% |
| Deferred charges and accrued income | 490/1 | €1,909 | €4,410 | +€2,502 | +131.0% |
| Total equity and liabilities | 10/49 | €129,352 | €120,150 | -€9,202 | -7.1% |
| Equity | 10/15 | €99,690 | €106,451 | +€6,760 | +6.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €81,140 | €87,901 | +€6,760 | +8.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €81,140 | €87,901 | +€6,760 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €29,662 | €13,699 | -€15,962 | -53.8% |
| Amounts payable after more than one year | 17 | €3,568 | €0 | -€3,568 | -100.0% |
| Financial debts | 170/4 | €3,568 | €0 | -€3,568 | -100.0% |
| Amounts payable within one year | 42/48 | €26,094 | €13,699 | -€12,394 | -47.5% |
| Current portion of amounts payable after more than one year | 42 | €8,494 | €3,568 | -€4,926 | -58.0% |
| Trade debts | 44 | €3,613 | €2,062 | -€1,551 | -42.9% |
| Suppliers | 440/4 | €3,613 | €2,062 | -€1,551 | -42.9% |
| Taxes, remuneration and social security | 45 | €8,987 | €8,069 | -€918 | -10.2% |
| Taxes | 450/3 | €8,987 | €8,069 | -€918 | -10.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,943 | €8,223 | -€6,720 | -45.0% |
| Other operating charges | 640/8 | €923 | €5,244 | +€4,321 | +467.9% |
| Gross operating margin | 9900 | -€24,010 | €19,621 | +€43,631 | |
| Operating profit (loss) | 9901 | -€39,876 | €6,154 | +€46,030 | |
| Financial income | 75/76B | €3,450 | €1,945 | -€1,505 | -43.6% |
| Recurring financial income | 75 | €3,450 | €1,945 | -€1,505 | -43.6% |
| Financial charges | 65/66B | €563 | €530 | -€33 | -5.9% |
| Recurring financial charges | 65 | €563 | €530 | -€33 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€36,989 | €7,568 | +€44,557 | |
| Income taxes | 67/77 | €140 | €808 | +€669 | +479.2% |
| Profit (loss) for the period | 9904 | -€37,129 | €6,760 | +€43,889 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,129 | €6,760 | +€43,889 |
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 9 October 2026 via checked.be.