VERSTEYLEN: what changed
Two fiscal 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.
VERSTEYLEN
Largest movements
- Tangible fixed assets -€73,580
down €73,580 (-10.1%), from €730,985 to €657,405
- Receivables within one year -€33,519
down €33,519 (-100.0%), from €33,519 to €0
- Cash +€11,763
up €11,763 (+206.4%), from €5,700 to €17,463
mainly Depreciation (+€73,580) and Receivables within one year (+€33,519)
- Debts after one year -€65,909
down €65,909 (-11.9%), from €555,487 to €489,578
- Profit (loss) carried forward -€22,522
down €22,522 (-8.9%), from -€252,653 to -€275,175
- Other debts -€11,400
down €11,400 (-19.0%), from €59,850 to €48,450
- Provisions +€442,509
up €442,509, from -€442,509 to €0
- Gross operating margin +€376,633
up €376,633, from -€306,268 to €70,364
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.
Cash bridge derived
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 | €771,169 | €675,828 | -€95,340 | -12.4% |
| Fixed assets | 21/28 | €730,985 | €657,405 | -€73,580 | -10.1% |
| Tangible fixed assets | 22/27 | €730,985 | €657,405 | -€73,580 | -10.1% |
| Land and buildings | 22 | €730,985 | €657,405 | -€73,580 | -10.1% |
| Current assets | 29/58 | €40,183 | €18,423 | -€21,760 | -54.2% |
| Amounts receivable within one year | 40/41 | €33,519 | €0 | -€33,519 | -100.0% |
| Other amounts receivable | 41 | €33,519 | €0 | -€33,519 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,700 | €17,463 | +€11,763 | +206.4% |
| Deferred charges and accrued income | 490/1 | €964 | €960 | -€4 | -0.4% |
| Total equity and liabilities | 10/49 | €771,169 | €675,828 | -€95,340 | -12.4% |
| Equity | 10/15 | €89,947 | €67,425 | -€22,522 | -25.0% |
| Contributions | 10/11 | €342,600 | €342,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€252,653 | -€275,175 | -€22,522 | -8.9% |
| Amounts payable | 17/49 | €681,222 | €608,404 | -€72,819 | -10.7% |
| Amounts payable after more than one year | 17 | €555,487 | €489,578 | -€65,909 | -11.9% |
| Financial debts | 170/4 | €555,487 | €489,578 | -€65,909 | -11.9% |
| Amounts payable within one year | 42/48 | €124,821 | €118,130 | -€6,691 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €64,584 | €65,909 | +€1,325 | +2.1% |
| Trade debts | 44 | €387 | €3,771 | +€3,385 | +875.5% |
| Suppliers | 440/4 | €387 | €3,771 | +€3,385 | +875.5% |
| Other amounts payable | 47/48 | €59,850 | €48,450 | -€11,400 | -19.0% |
| Accrued charges and deferred income | 492/3 | €914 | €695 | -€219 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,580 | €73,580 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€442,509 | €0 | +€442,509 | |
| Other operating charges | 640/8 | €6,103 | €6,158 | +€55 | +0.9% |
| Gross operating margin | 9900 | -€306,268 | €70,364 | +€376,633 | |
| Operating profit (loss) | 9901 | €56,558 | -€9,374 | -€65,932 | |
| Financial income | 75/76B | €519 | €0 | -€519 | -100.0% |
| Recurring financial income | 75 | €519 | €0 | -€519 | -100.0% |
| Financial charges | 65/66B | €13,859 | €13,148 | -€711 | -5.1% |
| Recurring financial charges | 65 | €13,859 | €13,148 | -€711 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €43,218 | -€22,522 | -€65,740 | |
| Profit (loss) for the period | 9904 | €43,218 | -€22,522 | -€65,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,218 | -€22,522 | -€65,740 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.