Steven Verstraeten: what changed
What changed
Steven Verstraeten
NACE 69.209, Other tax advisory services
filed annual accounts (NBB)
Net result for the year
-€19,957
2024 · €8,592-€28,549
Equity
€352,277
2024 · €372,234-€19,957
Cash
€60,658
2024 · €661+€59,997
Balance sheet total
€1.1m
2024 · €1.1m-€75,305
Largest movements
Assets
- Receivables within one year -€124,536
down €124,536 (-12.7%), from €982,718 to €858,182
of which Trade receivables: -€121,554
- Cash +€59,997
up €59,997 (+9,074%), from €661 to €60,658
mainly Receivables within one year (+€124,536) and Depreciation (+€11,242)
Equity and liabilities
- Other debts -€22,578
down €22,578 (-22.5%), from €100,475 to €77,897
- Profit (loss) carried forward -€19,957
new in 2025: -€19,957
- Tax, wage and social debts -€18,590
down €18,590 (-4.0%), from €465,628 to €447,037
Income statement
- Gross operating margin -€24,717
down €24,717 (-45.9%), from €53,802 to €29,086
- Other operating charges +€11,683
up €11,683 (+132%), from €8,845 to €20,528
- Financial charges -€10,426
down €10,426 (-62.1%), from €16,800 to €6,374
- Taxes +€2,575
up €2,575 (+30.9%), from €8,323 to €10,898
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
€8,592
Gross operating margin
-€24,717
Other operating charges
-€11,683
Financial charges
+€10,426
Taxes
-€2,575
Result 2025
-€19,957
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
+€69,085
Investment
€0
Financing
-€9,088
Cash 2024
€661
From operations (derived)
+€69,085
Net result for the year
-€19,957
Depreciation
+€11,242
Receivables within one year
+€124,536
Deferred charges and accrued income
-€476
Trade debts
-€7,509
Tax, wage and social debts
-€18,590
Other debts
-€22,578
Accrued charges and deferred income
+€2,418
Financing
-€9,088
Debts after one year
-€9,353
Current portion of long-term debt
+€265
Cash 2025
€60,658
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,133,472 | €1,058,167 | -€75,305 | -6.6% |
| Fixed assets | 21/28 | €148,996 | €137,754 | -€11,242 | -7.5% |
| Tangible fixed assets | 22/27 | €148,996 | €137,754 | -€11,242 | -7.5% |
| Land and buildings | 22 | €124,407 | €116,903 | -€7,504 | -6.0% |
| Other tangible fixed assets | 26 | €24,589 | €20,851 | -€3,738 | -15.2% |
| Current assets | 29/58 | €984,476 | €920,413 | -€64,063 | -6.5% |
| Amounts receivable within one year | 40/41 | €982,718 | €858,182 | -€124,536 | -12.7% |
| Trade receivables | 40 | €778,433 | €656,879 | -€121,554 | -15.6% |
| Other amounts receivable | 41 | €204,284 | €201,303 | -€2,982 | -1.5% |
| Cash at bank and in hand | 54/58 | €661 | €60,658 | +€59,997 | +9,074% |
| Deferred charges and accrued income | 490/1 | €1,097 | €1,573 | +€476 | +43.4% |
| Total equity and liabilities | 10/49 | €1,133,472 | €1,058,167 | -€75,305 | -6.6% |
| Equity | 10/15 | €372,234 | €352,277 | -€19,957 | -5.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €359,834 | €359,834 | = | 0.0% |
| Distributable reserves | 133 | €359,834 | €359,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,957 | -€19,957 | |
| Amounts payable | 17/49 | €761,238 | €705,890 | -€55,348 | -7.3% |
| Amounts payable after more than one year | 17 | €141,753 | €132,400 | -€9,353 | -6.6% |
| Financial debts | 170/4 | €141,753 | €132,400 | -€9,353 | -6.6% |
| Amounts payable within one year | 42/48 | €586,112 | €537,700 | -€48,412 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €9,088 | €9,353 | +€265 | +2.9% |
| Trade debts | 44 | €10,921 | €3,412 | -€7,509 | -68.8% |
| Suppliers | 440/4 | €10,921 | €3,412 | -€7,509 | -68.8% |
| Taxes, remuneration and social security | 45 | €465,628 | €447,037 | -€18,590 | -4.0% |
| Taxes | 450/3 | €465,628 | €447,037 | -€18,590 | -4.0% |
| Other amounts payable | 47/48 | €100,475 | €77,897 | -€22,578 | -22.5% |
| Accrued charges and deferred income | 492/3 | €33,373 | €35,790 | +€2,418 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,242 | €11,242 | = | 0.0% |
| Other operating charges | 640/8 | €8,845 | €20,528 | +€11,683 | +132% |
| Gross operating margin | 9900 | €53,802 | €29,086 | -€24,717 | -45.9% |
| Operating profit (loss) | 9901 | €33,715 | -€2,685 | -€36,400 | |
| Financial charges | 65/66B | €16,800 | €6,374 | -€10,426 | -62.1% |
| Recurring financial charges | 65 | €16,800 | €6,374 | -€10,426 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €16,915 | -€9,059 | -€25,974 | |
| Income taxes | 67/77 | €8,323 | €10,898 | +€2,575 | +30.9% |
| Profit (loss) for the period | 9904 | €8,592 | -€19,957 | -€28,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,592 | -€19,957 | -€28,549 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.