INVESTERINGEN 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.
INVESTERINGEN VERSTRAETE
Largest movements
- Cash -€296,874
down €296,874 (-65.8%), from €451,092 to €154,218
mainly Receivables within one year (-€227,468) and Contributions, distributions and other (-€136,000)
- Receivables within one year +€227,468
up €227,468 (+26,731%), from €851 to €228,319
of which Other amounts receivable: +€227,441
- Debts after one year -€66,554
down €66,554 (-88.2%), from €75,472 to €8,917
- Financial income -€3,480
down €3,480 (-58.8%), from €5,922 to €2,441
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 | €1,039,746 | €970,594 | -€69,152 | -6.7% |
| Fixed assets | 21/28 | €579,714 | €579,714 | = | 0.0% |
| Tangible fixed assets | 22/27 | €579,714 | €579,714 | = | 0.0% |
| Land and buildings | 22 | €579,714 | €579,714 | = | 0.0% |
| Current assets | 29/58 | €460,032 | €390,880 | -€69,152 | -15.0% |
| Amounts receivable within one year | 40/41 | €851 | €228,319 | +€227,468 | +26,731% |
| Trade receivables | 40 | €851 | €878 | +€27 | +3.2% |
| Other amounts receivable | 41 | - | €227,441 | +€227,441 | |
| Cash at bank and in hand | 54/58 | €451,092 | €154,218 | -€296,874 | -65.8% |
| Deferred charges and accrued income | 490/1 | €8,089 | €8,343 | +€254 | +3.1% |
| Total equity and liabilities | 10/49 | €1,039,746 | €970,594 | -€69,152 | -6.7% |
| Equity | 10/15 | €733,216 | €733,923 | +€707 | +0.1% |
| Contributions | 10/11 | €527,000 | €527,000 | = | 0.0% |
| Capital | 10 | €527,000 | €527,000 | = | 0.0% |
| Issued capital | 100 | €527,000 | €527,000 | = | 0.0% |
| Reserves | 13 | €175,005 | €175,711 | +€707 | +0.4% |
| Non-distributable reserves | 130/1 | €52,700 | €52,700 | = | 0.0% |
| Legal reserve | 130 | €52,700 | €52,700 | = | 0.0% |
| Distributable reserves | 133 | €122,305 | €123,011 | +€707 | +0.6% |
| Investment grants | 15 | €31,212 | €31,212 | = | 0.0% |
| Provisions and deferred taxes | 16 | €10,404 | €10,404 | = | 0.0% |
| Deferred taxes | 168 | €10,404 | €10,404 | = | 0.0% |
| Amounts payable | 17/49 | €296,126 | €226,267 | -€69,858 | -23.6% |
| Amounts payable after more than one year | 17 | €75,472 | €8,917 | -€66,554 | -88.2% |
| Financial debts | 170/4 | €75,472 | €8,917 | -€66,554 | -88.2% |
| Amounts payable within one year | 42/48 | €211,618 | €208,123 | -€3,495 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €69,232 | €66,554 | -€2,678 | -3.9% |
| Taxes, remuneration and social security | 45 | €4,385 | €5,577 | +€1,192 | +27.2% |
| Taxes | 450/3 | €4,385 | €5,577 | +€1,192 | +27.2% |
| Other amounts payable | 47/48 | €138,000 | €135,992 | -€2,008 | -1.5% |
| Accrued charges and deferred income | 492/3 | €9,036 | €9,227 | +€190 | +2.1% |
| Other operating charges | 640/8 | €33,129 | €34,210 | +€1,081 | +3.3% |
| Gross operating margin | 9900 | €214,484 | €215,693 | +€1,209 | +0.6% |
| Operating profit (loss) | 9901 | €181,355 | €181,483 | +€128 | +0.1% |
| Financial income | 75/76B | €5,922 | €2,441 | -€3,480 | -58.8% |
| Recurring financial income | 75 | €5,922 | €2,441 | -€3,480 | -58.8% |
| Financial charges | 65/66B | €2,629 | €1,649 | -€980 | -37.3% |
| Recurring financial charges | 65 | €2,629 | €1,649 | -€980 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €184,648 | €182,276 | -€2,372 | -1.3% |
| Income taxes | 67/77 | €46,162 | €45,569 | -€593 | -1.3% |
| Profit (loss) for the period | 9904 | €138,486 | €136,707 | -€1,779 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €138,486 | €136,707 | -€1,779 | -1.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.