THOMAS VERSTRAETE: what changed
What changed
THOMAS VERSTRAETE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€6,788
2024 · €18,029-€11,241
Equity
€193,735
2024 · €186,947+€6,788
Cash
€4,638
2024 · €6,454-€1,816
Balance sheet total
€248,312
2024 · €251,694-€3,382
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Current portion of long-term debt -€12,797
down €12,797 (-71.1%), from €18,000 to €5,203
- Profit (loss) carried forward +€6,788
up €6,788 (+4.3%), from €159,447 to €166,235
- Trade debts +€5,617
up €5,617 (+1,824%), from €308 to €5,925
- Debts after one year -€5,203
no longer reported in 2025 (was €5,203)
Income statement
- Taxes +€9,891
new in 2025: €9,891
- Gross operating margin -€1,198
down €1,198 (-6.6%), from €18,280 to €17,082
- Turnover -€1,000
down €1,000 (-4.3%), from €23,000 to €22,000
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
€18,029
Gross operating margin
-€1,198
Depreciation
+€36
Other operating charges
-€188
Financial income
+€1
Financial charges
-€1
Taxes
-€9,891
Result 2025
€6,788
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
+€16,184
Investment
€0
Financing
-€18,000
Cash 2024
€6,454
From operations (derived)
+€16,184
Net result for the year
+€6,788
Receivables within one year
+€1,566
Trade debts
+€5,617
Tax, wage and social debts
-€52
Other debts
+€2,265
Financing
-€18,000
Debts after one year
-€5,203
Current portion of long-term debt
-€12,797
Cash 2025
€4,638
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,694 | €248,312 | -€3,382 | -1.3% |
| Fixed assets | 21/28 | €241,397 | €241,397 | = | 0.0% |
| Financial fixed assets | 28 | €241,397 | €241,397 | = | 0.0% |
| Current assets | 29/58 | €10,297 | €6,915 | -€3,382 | -32.8% |
| Amounts receivable within one year | 40/41 | €3,843 | €2,277 | -€1,566 | -40.7% |
| Trade receivables | 40 | €3,812 | €2,245 | -€1,567 | -41.1% |
| Other amounts receivable | 41 | €31 | €32 | +€1 | +3.2% |
| Cash at bank and in hand | 54/58 | €6,454 | €4,638 | -€1,816 | -28.1% |
| Total equity and liabilities | 10/49 | €251,694 | €248,312 | -€3,382 | -1.3% |
| Equity | 10/15 | €186,947 | €193,735 | +€6,788 | +3.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,447 | €166,235 | +€6,788 | +4.3% |
| Amounts payable | 17/49 | €64,747 | €54,577 | -€10,170 | -15.7% |
| Amounts payable after more than one year | 17 | €5,203 | - | -€5,203 | |
| Financial debts | 170/4 | €5,203 | - | -€5,203 | |
| Amounts payable within one year | 42/48 | €59,544 | €54,577 | -€4,967 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €5,203 | -€12,797 | -71.1% |
| Trade debts | 44 | €308 | €5,925 | +€5,617 | +1,824% |
| Suppliers | 440/4 | €308 | €5,925 | +€5,617 | +1,824% |
| Taxes, remuneration and social security | 45 | €1,018 | €966 | -€52 | -5.1% |
| Taxes | 450/3 | €1,018 | €966 | -€52 | -5.1% |
| Other amounts payable | 47/48 | €40,218 | €42,483 | +€2,265 | +5.6% |
| Turnover | 70 | €23,000 | €22,000 | -€1,000 | -4.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,720 | €4,918 | +€198 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36 | - | -€36 | |
| Other operating charges | 640/8 | €190 | €378 | +€188 | +98.9% |
| Gross operating margin | 9900 | €18,280 | €17,082 | -€1,198 | -6.6% |
| Operating profit (loss) | 9901 | €18,054 | €16,704 | -€1,350 | -7.5% |
| Financial income | 75/76B | €10 | €11 | +€1 | +10.0% |
| Recurring financial income | 75 | €10 | €11 | +€1 | +10.0% |
| Financial charges | 65/66B | €35 | €36 | +€1 | +2.9% |
| Recurring financial charges | 65 | €35 | €36 | +€1 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €18,029 | €16,679 | -€1,350 | -7.5% |
| Income taxes | 67/77 | - | €9,891 | +€9,891 | |
| Profit (loss) for the period | 9904 | €18,029 | €6,788 | -€11,241 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,029 | €6,788 | -€11,241 | -62.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.