CONSTRUCTIE EN HERSTELLING VERSTRAETE: what changed
What changed
CONSTRUCTIE EN HERSTELLING VERSTRAETE
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€21,836
2024 · -€15,121+€36,957
Equity
€1.6m
2024 · €1.8m-€204,708
Cash
€129,156
2024 · €48,406+€80,750
Balance sheet total
€3.4m
2024 · €3.1m+€297,140
Largest movements
Assets
- Tangible fixed assets +€380,291
up €380,291 (+14.0%), from €2.7m to €3.1m
of which Land and buildings: +€391,714
- Current investments -€112,373
down €112,373 (-47.7%), from €235,610 to €123,237
- Cash +€80,750
up €80,750 (+167%), from €48,406 to €129,156
mainly Debts after one year (+€327,952) and Other debts (+€145,506)
- Receivables within one year -€38,592
down €38,592 (-55.2%), from €69,860 to €31,268
of which Trade receivables: -€34,760
Equity and liabilities
- Debts after one year +€327,952
up €327,952 (+28.3%), from €1.2m to €1.5m
- Reserves -€204,708
down €204,708 (-11.7%), from €1.7m to €1.5m
of which Distributable reserves: -€195,753
- Other debts +€145,506
up €145,506 (+862%), from €16,873 to €162,379
Income statement
- Gross operating margin +€72,119
up €72,119 (+55.4%), from €130,227 to €202,345
- Depreciation +€36,056
up €36,056 (+37.0%), from €97,325 to €133,381
- Financial income +€16,925
up €16,925 (+138%), from €12,305 to €29,231
- Financial charges +€16,890
up €16,890 (+38.7%), from €43,691 to €60,582
- Other operating charges -€3,044
down €3,044 (-16.4%), from €18,561 to €15,517
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.
Result 2024
-€15,121
Gross operating margin
+€72,119
Depreciation
-€36,056
Other operating charges
+€3,044
Financial income
+€16,925
Financial charges
-€16,890
Taxes
-€3,031
Deferred taxes and other
+€847
Result 2025
€21,836
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€342,671
Investment
-€382,099
Financing
+€120,178
Cash 2024
€48,406
From operations (derived)
+€342,671
Net result for the year
+€21,836
Depreciation
+€133,381
Stocks and contracts
-€6,264
Receivables within one year
+€38,592
Provisions
-€2,985
Trade debts
+€567
Tax, wage and social debts
+€3,242
Other debts
+€145,506
Accrued charges and deferred income
+€8,797
Investment (derived)
-€382,099
Investment in fixed assets (net)
-€494,472
Current investments
+€112,373
Financing
+€120,178
Debts after one year
+€327,952
Current portion of long-term debt
+€18,770
Contributions, distributions and other
-€226,544
Cash 2025
€129,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,096,774 | €3,393,915 | +€297,140 | +9.6% |
| Fixed assets | 21/28 | €2,733,507 | €3,094,599 | +€361,091 | +13.2% |
| Intangible fixed assets | 21 | €19,200 | €0 | -€19,200 | -100% |
| Tangible fixed assets | 22/27 | €2,714,307 | €3,094,599 | +€380,291 | +14.0% |
| Land and buildings | 22 | €2,663,109 | €3,054,824 | +€391,714 | +14.7% |
| Plant, machinery and equipment | 23 | €6,986 | €6,120 | -€865 | -12.4% |
| Furniture and vehicles | 24 | €44,212 | €33,655 | -€10,557 | -23.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €363,267 | €299,316 | -€63,951 | -17.6% |
| Stocks and contracts in progress | 3 | €9,391 | €15,655 | +€6,264 | +66.7% |
| Stocks | 30/36 | €9,391 | €15,655 | +€6,264 | +66.7% |
| Amounts receivable within one year | 40/41 | €69,860 | €31,268 | -€38,592 | -55.2% |
| Trade receivables | 40 | €41,813 | €7,053 | -€34,760 | -83.1% |
| Other amounts receivable | 41 | €28,047 | €24,215 | -€3,832 | -13.7% |
| Current investments | 50/53 | €235,610 | €123,237 | -€112,373 | -47.7% |
| Cash at bank and in hand | 54/58 | €48,406 | €129,156 | +€80,750 | +167% |
| Total equity and liabilities | 10/49 | €3,096,774 | €3,393,915 | +€297,140 | +9.6% |
| Equity | 10/15 | €1,761,284 | €1,556,576 | -€204,708 | -11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,742,684 | €1,537,976 | -€204,708 | -11.7% |
| Tax-exempt reserves | 132 | €456,477 | €447,522 | -€8,955 | -2.0% |
| Distributable reserves | 133 | €1,286,207 | €1,090,454 | -€195,753 | -15.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €152,159 | €149,174 | -€2,985 | -2.0% |
| Deferred taxes | 168 | €152,159 | €149,174 | -€2,985 | -2.0% |
| Amounts payable | 17/49 | €1,183,331 | €1,688,164 | +€504,833 | +42.7% |
| Amounts payable after more than one year | 17 | €1,158,500 | €1,486,452 | +€327,952 | +28.3% |
| Financial debts | 170/4 | €1,158,500 | €1,486,452 | +€327,952 | +28.3% |
| Amounts payable within one year | 42/48 | €22,656 | €190,741 | +€168,085 | +742% |
| Current portion of amounts payable after more than one year | 42 | €695 | €19,465 | +€18,770 | +2,701% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,088 | €5,655 | +€567 | +11.1% |
| Suppliers | 440/4 | €5,088 | €5,655 | +€567 | +11.1% |
| Taxes, remuneration and social security | 45 | €0 | €3,242 | +€3,242 | |
| Taxes | 450/3 | €0 | €3,242 | +€3,242 | |
| Other amounts payable | 47/48 | €16,873 | €162,379 | +€145,506 | +862% |
| Accrued charges and deferred income | 492/3 | €2,175 | €10,971 | +€8,797 | +405% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,325 | €133,381 | +€36,056 | +37.0% |
| Other operating charges | 640/8 | €18,561 | €15,517 | -€3,044 | -16.4% |
| Gross operating margin | 9900 | €130,227 | €202,345 | +€72,119 | +55.4% |
| Operating profit (loss) | 9901 | €14,341 | €53,447 | +€39,106 | +273% |
| Financial income | 75/76B | €12,305 | €29,231 | +€16,925 | +138% |
| Recurring financial income | 75 | €12,305 | €29,231 | +€16,925 | +138% |
| Financial charges | 65/66B | €43,691 | €60,582 | +€16,890 | +38.7% |
| Recurring financial charges | 65 | €43,691 | €60,582 | +€16,890 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,045 | €22,096 | +€39,141 | |
| Transfer from deferred taxes | 780 | €2,138 | €2,985 | +€847 | +39.6% |
| Income taxes | 67/77 | €214 | €3,245 | +€3,031 | +1,416% |
| Profit (loss) for the period | 9904 | -€15,121 | €21,836 | +€36,957 | |
| Transfer from tax-exempt reserves | 789 | €6,414 | €8,955 | +€2,540 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,707 | €30,790 | +€39,497 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.