STEFAAN VERSCHAEVE: what changed
What changed
STEFAAN VERSCHAEVE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€89,974
2024 · €89,545+€429
Equity
€409,980
2024 · €383,268+€26,711
Cash
€31,993
2024 · €10,955+€21,038
Balance sheet total
€488,693
2024 · €461,901+€26,791
Largest movements
Assets
- Cash +€21,038
up €21,038 (+192%), from €10,955 to €31,993
mainly Net result for the year (+€89,974) and Receivables within one year (+€3,352)
- Current investments +€9,844
up €9,844 (+2.4%), from €402,383 to €412,227
Equity and liabilities
- Reserves +€27,570
up €27,570 (+7.4%), from €373,626 to €401,197
Income statement
- Gross operating margin +€8,591
up €8,591 (+8.7%), from €98,925 to €107,516
- Taxes +€5,330
up €5,330 (+17.1%), from €31,076 to €36,406
- Financial income -€3,411
down €3,411 (-12.8%), from €26,652 to €23,240
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
€89,545
Gross operating margin
+€8,591
Depreciation
+€541
Other operating charges
-€17
Financial income
-€3,411
Financial charges
+€55
Taxes
-€5,330
Result 2025
€89,974
raises the resultlowers the result
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
+€94,774
Investment
-€10,417
Financing
-€63,319
Cash 2024
€10,955
From operations (derived)
+€94,774
Net result for the year
+€89,974
Depreciation
+€1,469
Receivables within one year
+€3,352
Deferred charges and accrued income
-€157
Trade debts
-€515
Tax, wage and social debts
-€311
Other debts
+€732
Accrued charges and deferred income
+€231
Investment (derived)
-€10,417
Investment in fixed assets (net)
-€573
Current investments
-€9,844
Financing
-€63,319
Short-term financial debts
-€56
Contributions, distributions and other
-€63,263
Cash 2025
€31,993
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €461,901 | €488,693 | +€26,791 | +5.8% |
| Fixed assets | 21/28 | €3,309 | €2,413 | -€896 | -27.1% |
| Tangible fixed assets | 22/27 | €2,244 | €1,348 | -€896 | -39.9% |
| Furniture and vehicles | 24 | €2,084 | €1,214 | -€869 | -41.7% |
| Other tangible fixed assets | 26 | €160 | €133 | -€27 | -16.7% |
| Financial fixed assets | 28 | €1,065 | €1,065 | = | 0.0% |
| Current assets | 29/58 | €458,593 | €486,280 | +€27,687 | +6.0% |
| Amounts receivable within one year | 40/41 | €44,878 | €41,526 | -€3,352 | -7.5% |
| Trade receivables | 40 | €12,544 | €12,544 | = | 0.0% |
| Other amounts receivable | 41 | €32,334 | €28,982 | -€3,352 | -10.4% |
| Current investments | 50/53 | €402,383 | €412,227 | +€9,844 | +2.4% |
| Cash at bank and in hand | 54/58 | €10,955 | €31,993 | +€21,038 | +192% |
| Deferred charges and accrued income | 490/1 | €377 | €533 | +€157 | +41.6% |
| Total equity and liabilities | 10/49 | €461,901 | €488,693 | +€26,791 | +5.8% |
| Equity | 10/15 | €383,268 | €409,980 | +€26,711 | +7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €373,626 | €401,197 | +€27,570 | +7.4% |
| Distributable reserves | 133 | €373,626 | €401,197 | +€27,570 | +7.4% |
| Profit (loss) carried forward | 14 | €3,442 | €2,583 | -€859 | -25.0% |
| Amounts payable | 17/49 | €78,633 | €78,713 | +€80 | +0.1% |
| Amounts payable within one year | 42/48 | €77,442 | €77,291 | -€151 | -0.2% |
| Financial debts | 43 | €66 | €10 | -€56 | -85.0% |
| Credit institutions | 430/8 | €66 | €10 | -€56 | -85.0% |
| Trade debts | 44 | €3,296 | €2,781 | -€515 | -15.6% |
| Suppliers | 440/4 | €3,296 | €2,781 | -€515 | -15.6% |
| Taxes, remuneration and social security | 45 | €11,548 | €11,237 | -€311 | -2.7% |
| Taxes | 450/3 | €11,548 | €11,237 | -€311 | -2.7% |
| Other amounts payable | 47/48 | €62,531 | €63,263 | +€732 | +1.2% |
| Accrued charges and deferred income | 492/3 | €1,191 | €1,423 | +€231 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,010 | €1,469 | -€541 | -26.9% |
| Other operating charges | 640/8 | €2,705 | €2,722 | +€17 | +0.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €98,925 | €107,516 | +€8,591 | +8.7% |
| Operating profit (loss) | 9901 | €94,209 | €103,324 | +€9,115 | +9.7% |
| Financial income | 75/76B | €26,652 | €23,240 | -€3,411 | -12.8% |
| Recurring financial income | 75 | €26,652 | €23,240 | -€3,411 | -12.8% |
| Financial charges | 65/66B | €240 | €185 | -€55 | -22.8% |
| Recurring financial charges | 65 | €240 | €185 | -€55 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €120,621 | €126,379 | +€5,759 | +4.8% |
| Income taxes | 67/77 | €31,076 | €36,406 | +€5,330 | +17.1% |
| Profit (loss) for the period | 9904 | €89,545 | €89,974 | +€429 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,545 | €89,974 | +€429 | +0.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.