VERSTRAELEN: what changed
VERSTRAELEN
Largest movements
- Tangible fixed assets -€11,158
down €11,158 (-27.8%), from €40,142 to €28,984
of which Furniture and vehicles: -€9,964
- Receivables within one year +€4,706
up €4,706 (+9.1%), from €51,873 to €56,579
of which Trade receivables: +€4,706
- Cash +€1,134
up €1,134 (+28.9%), from €3,930 to €5,064
mainly Depreciation (+€13,761) and Net result for the year (+€6,742)
- Debts after one year -€12,425
down €12,425 (-43.1%), from €28,850 to €16,425
- Profit (loss) carried forward +€6,742
up €6,742 (+6.5%), from -€104,453 to -€97,711
- Tax, wage and social debts -€2,254
down €2,254 (-35.2%), from €6,404 to €4,150
- Trade debts +€2,017
up €2,017, from €0 to €2,017
- Taxes +€1,758
up €1,758 (+1,457%), from €121 to €1,879
- Financial charges -€591
down €591 (-23.8%), from €2,489 to €1,898
- Gross operating margin +€560
up €560 (+2.3%), from €24,474 to €25,035
- Financial income -€351
down €351 (-100%), from €351 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,945 | €90,626 | -€5,318 | -5.5% |
| Fixed assets | 21/28 | €40,142 | €28,984 | -€11,158 | -27.8% |
| Tangible fixed assets | 22/27 | €40,142 | €28,984 | -€11,158 | -27.8% |
| Plant, machinery and equipment | 23 | €1,545 | €350 | -€1,194 | -77.3% |
| Furniture and vehicles | 24 | €38,597 | €28,633 | -€9,964 | -25.8% |
| Current assets | 29/58 | €55,803 | €61,643 | +€5,840 | +10.5% |
| Amounts receivable within one year | 40/41 | €51,873 | €56,579 | +€4,706 | +9.1% |
| Trade receivables | 40 | €51,873 | €56,579 | +€4,706 | +9.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,930 | €5,064 | +€1,134 | +28.9% |
| Total equity and liabilities | 10/49 | €95,945 | €90,626 | -€5,318 | -5.5% |
| Equity | 10/15 | €47,536 | €54,277 | +€6,742 | +14.2% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €2,988 | €2,988 | = | 0.0% |
| Distributable reserves | 133 | €2,988 | €2,988 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,453 | -€97,711 | +€6,742 | +6.5% |
| Amounts payable | 17/49 | €48,409 | €36,349 | -€12,060 | -24.9% |
| Amounts payable after more than one year | 17 | €28,850 | €16,425 | -€12,425 | -43.1% |
| Financial debts | 170/4 | €28,850 | €16,425 | -€12,425 | -43.1% |
| Amounts payable within one year | 42/48 | €19,559 | €19,924 | +€365 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €11,823 | €12,425 | +€602 | +5.1% |
| Trade debts | 44 | €0 | €2,017 | +€2,017 | |
| Suppliers | 440/4 | €0 | €2,017 | +€2,017 | |
| Taxes, remuneration and social security | 45 | €6,404 | €4,150 | -€2,254 | -35.2% |
| Taxes | 450/3 | €6,404 | €4,150 | -€2,254 | -35.2% |
| Other amounts payable | 47/48 | €1,332 | €1,332 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,913 | €13,761 | -€153 | -1.1% |
| Other operating charges | 640/8 | €962 | €755 | -€206 | -21.5% |
| Gross operating margin | 9900 | €24,474 | €25,035 | +€560 | +2.3% |
| Operating profit (loss) | 9901 | €9,599 | €10,519 | +€919 | +9.6% |
| Financial income | 75/76B | €351 | €0 | -€351 | -100% |
| Recurring financial income | 75 | €351 | €0 | -€351 | -100% |
| Financial charges | 65/66B | €2,489 | €1,898 | -€591 | -23.8% |
| Recurring financial charges | 65 | €2,489 | €1,898 | -€591 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €7,461 | €8,621 | +€1,159 | +15.5% |
| Income taxes | 67/77 | €121 | €1,879 | +€1,758 | +1,457% |
| Profit (loss) for the period | 9904 | €7,340 | €6,742 | -€599 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,340 | €6,742 | -€599 | -8.2% |
Next steps
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 5 November 2026 via checked.be.