CH. VERSTRAETE: 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.
CH. VERSTRAETE
Largest movements
- Cash +€65,928
up €65,928 (+143%), from €46,146 to €112,074
mainly Current investments (+€50,000) and Net result for the year (+€25,691)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year +€4,973
up €4,973 (+48.2%), from €10,307 to €15,279
of which Trade receivables: +€5,172
- Deferred charges and accrued income +€1,983
new in 2025: €1,983
- Reserves +€25,691
up €25,691 (+24.1%), from €106,566 to €132,256
of which Distributable reserves: +€25,691
- Tax, wage and social debts -€5,257
down €5,257 (-80.5%), from €6,529 to €1,272
- Depreciation -€1,577
down €1,577 (-31.6%), from €4,984 to €3,408
- Gross operating margin -€782
down €782 (-1.8%), from €42,718 to €41,936
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 | €125,584 | €146,857 | +€21,273 | +16.9% |
| Fixed assets | 21/28 | €4,625 | €4,479 | -€147 | -3.2% |
| Tangible fixed assets | 22/27 | €4,625 | €4,479 | -€147 | -3.2% |
| Furniture and vehicles | 24 | €4,625 | €4,479 | -€147 | -3.2% |
| Current assets | 29/58 | €120,959 | €142,378 | +€21,420 | +17.7% |
| Stocks and contracts in progress | 3 | €14,506 | €13,043 | -€1,463 | -10.1% |
| Stocks | 30/36 | €14,506 | €13,043 | -€1,463 | -10.1% |
| Amounts receivable within one year | 40/41 | €10,307 | €15,279 | +€4,973 | +48.2% |
| Trade receivables | 40 | €5,419 | €10,591 | +€5,172 | +95.4% |
| Other amounts receivable | 41 | €4,888 | €4,689 | -€199 | -4.1% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €46,146 | €112,074 | +€65,928 | +143% |
| Deferred charges and accrued income | 490/1 | - | €1,983 | +€1,983 | |
| Total equity and liabilities | 10/49 | €125,584 | €146,857 | +€21,273 | +16.9% |
| Equity | 10/15 | €118,966 | €144,656 | +€25,691 | +21.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106,566 | €132,256 | +€25,691 | +24.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €104,706 | €130,396 | +€25,691 | +24.5% |
| Amounts payable | 17/49 | €6,619 | €2,201 | -€4,418 | -66.7% |
| Amounts payable within one year | 42/48 | €6,619 | €2,201 | -€4,418 | -66.7% |
| Trade debts | 44 | €90 | €929 | +€839 | +937% |
| Suppliers | 440/4 | €90 | €929 | +€839 | +937% |
| Taxes, remuneration and social security | 45 | €6,529 | €1,272 | -€5,257 | -80.5% |
| Taxes | 450/3 | €6,529 | €1,272 | -€5,257 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,984 | €3,408 | -€1,577 | -31.6% |
| Other operating charges | 640/8 | €1,023 | €993 | -€30 | -3.0% |
| Gross operating margin | 9900 | €42,718 | €41,936 | -€782 | -1.8% |
| Operating profit (loss) | 9901 | €36,710 | €37,535 | +€825 | +2.2% |
| Financial income | 75/76B | €1,603 | €1,787 | +€184 | +11.5% |
| Recurring financial income | 75 | €1,603 | €1,787 | +€184 | +11.5% |
| Financial charges | 65/66B | €188 | €191 | +€2 | +1.2% |
| Recurring financial charges | 65 | €188 | €191 | +€2 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €38,125 | €39,131 | +€1,007 | +2.6% |
| Income taxes | 67/77 | €13,399 | €13,441 | +€42 | +0.3% |
| Profit (loss) for the period | 9904 | €24,725 | €25,691 | +€965 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,725 | €25,691 | +€965 | +3.9% |
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 20 October 2026 via checked.be.