BERT VERSTAPPEN: 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.
BERT VERSTAPPEN
Largest movements
- Tangible fixed assets -€19,081
down €19,081 (-8.7%), from €220,127 to €201,045
of which Land and buildings: -€15,571
- Receivables within one year -€9,851
down €9,851 (-48.8%), from €20,192 to €10,341
of which Trade receivables: -€10,376
- Deferred charges and accrued income +€3,224
up €3,224 (+1,170%), from €276 to €3,500
- Debts after one year -€46,038
down €46,038 (-61.8%), from €74,484 to €28,445
- Profit (loss) carried forward +€15,077
up €15,077 (+25.0%), from -€60,329 to -€45,252
- Other debts +€11,369
up €11,369 (+10.8%), from €105,445 to €116,814
- Accrued charges and deferred income -€5,347
down €5,347 (-39.4%), from €13,583 to €8,236
- Depreciation -€4,400
down €4,400 (-18.7%), from €23,481 to €19,081
- Gross operating margin +€4,238
up €4,238 (+7.2%), from €58,991 to €63,229
- Other operating charges +€779
up €779 (+5.8%), from €13,514 to €14,294
- Taxes -€675
down €675, from €500 to -€175
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €244,087 | €216,883 | -€27,204 | -11.1% |
| Fixed assets | 21/28 | €220,127 | €201,045 | -€19,081 | -8.7% |
| Tangible fixed assets | 22/27 | €220,127 | €201,045 | -€19,081 | -8.7% |
| Land and buildings | 22 | €179,564 | €163,993 | -€15,571 | -8.7% |
| Plant, machinery and equipment | 23 | €40,562 | €37,052 | -€3,510 | -8.7% |
| Current assets | 29/58 | €23,960 | €15,838 | -€8,122 | -33.9% |
| Amounts receivable within one year | 40/41 | €20,192 | €10,341 | -€9,851 | -48.8% |
| Trade receivables | 40 | €19,989 | €9,613 | -€10,376 | -51.9% |
| Other amounts receivable | 41 | €203 | €727 | +€525 | +259% |
| Cash at bank and in hand | 54/58 | €3,493 | €1,998 | -€1,495 | -42.8% |
| Deferred charges and accrued income | 490/1 | €276 | €3,500 | +€3,224 | +1,170% |
| Total equity and liabilities | 10/49 | €244,087 | €216,883 | -€27,204 | -11.1% |
| Equity | 10/15 | €21,358 | €36,435 | +€15,077 | +70.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €19,686 | €19,686 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Legal reserve | 130 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €14,728 | €14,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,329 | -€45,252 | +€15,077 | +25.0% |
| Amounts payable | 17/49 | €222,729 | €180,449 | -€42,281 | -19.0% |
| Amounts payable after more than one year | 17 | €74,484 | €28,445 | -€46,038 | -61.8% |
| Financial debts | 170/4 | €74,484 | €28,445 | -€46,038 | -61.8% |
| Amounts payable within one year | 42/48 | €134,662 | €143,767 | +€9,105 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €3,159 | €3,238 | +€80 | +2.5% |
| Financial debts | 43 | €1,991 | €1,991 | = | 0.0% |
| Credit institutions | 430/8 | €1,991 | €1,991 | = | 0.0% |
| Trade debts | 44 | €18,157 | €15,775 | -€2,382 | -13.1% |
| Suppliers | 440/4 | €18,157 | €15,775 | -€2,382 | -13.1% |
| Taxes, remuneration and social security | 45 | €5,910 | €5,948 | +€38 | +0.6% |
| Taxes | 450/3 | €5,910 | €5,948 | +€38 | +0.6% |
| Other amounts payable | 47/48 | €105,445 | €116,814 | +€11,369 | +10.8% |
| Accrued charges and deferred income | 492/3 | €13,583 | €8,236 | -€5,347 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,481 | €19,081 | -€4,400 | -18.7% |
| Other operating charges | 640/8 | €13,514 | €14,294 | +€779 | +5.8% |
| Gross operating margin | 9900 | €58,991 | €63,229 | +€4,238 | +7.2% |
| Operating profit (loss) | 9901 | €21,996 | €29,854 | +€7,859 | +35.7% |
| Financial charges | 65/66B | €14,745 | €14,953 | +€207 | +1.4% |
| Recurring financial charges | 65 | €8,745 | €8,953 | +€207 | +2.4% |
| Non-recurring financial charges | 66B | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €7,250 | €14,901 | +€7,651 | +106% |
| Income taxes | 67/77 | €500 | -€175 | -€675 | |
| Profit (loss) for the period | 9904 | €6,750 | €15,077 | +€8,327 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €6,750 | €15,077 | +€8,327 | +123% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.