VERSTRACO: 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.
VERSTRACO
Largest movements
- Cash -€25,885
down €25,885 (-24.8%), from €104,430 to €78,545
mainly Net result for the year (-€14,071) and Current investments (-€7,872)
- Current investments +€7,872
up €7,872 (+4.4%), from €178,963 to €186,835
- Profit (loss) carried forward -€14,071
down €14,071 (-96.0%), from -€14,653 to -€28,724
- Financial charges -€6,679
down €6,679 (-72.6%), from €9,197 to €2,519
- Financial income -€6,319
down €6,319 (-23.3%), from €27,162 to €20,843
- Taxes +€1,604
up €1,604, from -€1,604 to €0
- Other operating charges +€1,044
up €1,044 (+5.0%), from €20,778 to €21,823
- Gross operating margin +€642
up €642 (+6.8%), from -€9,377 to -€8,735
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 | €522,199 | €505,525 | -€16,673 | -3.2% |
| Fixed assets | 21/28 | €236,924 | €235,086 | -€1,838 | -0.8% |
| Tangible fixed assets | 22/27 | €236,924 | €235,086 | -€1,838 | -0.8% |
| Land and buildings | 22 | €236,924 | €235,086 | -€1,838 | -0.8% |
| Current assets | 29/58 | €285,275 | €270,439 | -€14,835 | -5.2% |
| Amounts receivable within one year | 40/41 | €1,376 | €4,528 | +€3,152 | +229.1% |
| Trade receivables | 40 | €0 | €1,354 | +€1,354 | |
| Other amounts receivable | 41 | €1,376 | €3,174 | +€1,798 | +130.7% |
| Current investments | 50/53 | €178,963 | €186,835 | +€7,872 | +4.4% |
| Cash at bank and in hand | 54/58 | €104,430 | €78,545 | -€25,885 | -24.8% |
| Deferred charges and accrued income | 490/1 | €506 | €532 | +€25 | +5.0% |
| Total equity and liabilities | 10/49 | €522,199 | €505,525 | -€16,673 | -3.2% |
| Equity | 10/15 | €519,442 | €505,371 | -€14,071 | -2.7% |
| Contributions | 10/11 | €421,419 | €421,419 | = | 0.0% |
| Capital | 10 | €421,419 | €421,419 | = | 0.0% |
| Issued capital | 100 | €421,419 | €421,419 | = | 0.0% |
| Reserves | 13 | €112,676 | €112,676 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,632 | €50,632 | = | 0.0% |
| Legal reserve | 130 | €50,632 | €50,632 | = | 0.0% |
| Distributable reserves | 133 | €62,044 | €62,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,653 | -€28,724 | -€14,071 | -96.0% |
| Amounts payable | 17/49 | €2,756 | €154 | -€2,602 | -94.4% |
| Amounts payable within one year | 42/48 | €2,756 | €154 | -€2,602 | -94.4% |
| Trade debts | 44 | €2,756 | €154 | -€2,602 | -94.4% |
| Suppliers | 440/4 | €2,756 | €154 | -€2,602 | -94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,838 | €1,838 | -€0 | 0.0% |
| Other operating charges | 640/8 | €20,778 | €21,823 | +€1,044 | +5.0% |
| Gross operating margin | 9900 | -€9,377 | -€8,735 | +€642 | +6.8% |
| Operating profit (loss) | 9901 | -€31,993 | -€32,396 | -€403 | -1.3% |
| Financial income | 75/76B | €27,162 | €20,843 | -€6,319 | -23.3% |
| Recurring financial income | 75 | €27,162 | €20,843 | -€6,319 | -23.3% |
| Financial charges | 65/66B | €9,197 | €2,519 | -€6,679 | -72.6% |
| Recurring financial charges | 65 | €9,197 | €2,519 | -€6,679 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,028 | -€14,071 | -€43 | -0.3% |
| Income taxes | 67/77 | -€1,604 | €0 | +€1,604 | |
| Profit (loss) for the period | 9904 | -€12,424 | -€14,071 | -€1,647 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,424 | -€14,071 | -€1,647 | -13.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.