VERSTRAETE ANN MD: 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.
VERSTRAETE ANN MD
Largest movements
- Cash +€122,270
up €122,270 (+48.1%), from €254,129 to €376,399
mainly Net result for the year (+€293,580) and Tax, wage and social debts (+€5,307)
- Receivables within one year +€8,577
up €8,577 (+5.5%), from €155,484 to €164,061
- Reserves +€117,110
up €117,110 (+20.7%), from €564,890 to €682,000
- Financial charges +€27,296
up €27,296, from -€16,862 to €10,434
- Gross operating margin +€25,439
up €25,439 (+7.1%), from €359,602 to €385,041
- Financial income +€8,048
up €8,048 (+145%), from €5,564 to €13,611
- Taxes +€7,266
up €7,266 (+8.5%), from €85,749 to €93,015
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.
Derived cash bridge
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 | €663,949 | €790,472 | +€126,523 | +19.1% |
| Fixed assets | 21/28 | - | €1,035 | +€1,035 | |
| Tangible fixed assets | 22/27 | - | €1,035 | +€1,035 | |
| Furniture and vehicles | 24 | - | €1,035 | +€1,035 | |
| Current assets | 29/58 | €663,949 | €789,437 | +€125,488 | +18.9% |
| Amounts receivable within one year | 40/41 | €155,484 | €164,061 | +€8,577 | +5.5% |
| Trade receivables | 40 | €155,484 | €164,061 | +€8,577 | +5.5% |
| Current investments | 50/53 | €249,843 | €248,027 | -€1,816 | -0.7% |
| Cash at bank and in hand | 54/58 | €254,129 | €376,399 | +€122,270 | +48.1% |
| Deferred charges and accrued income | 490/1 | €4,493 | €950 | -€3,543 | -78.9% |
| Total equity and liabilities | 10/49 | €663,949 | €790,472 | +€126,523 | +19.1% |
| Equity | 10/15 | €583,490 | €700,600 | +€117,110 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €564,890 | €682,000 | +€117,110 | +20.7% |
| Distributable reserves | 133 | €564,890 | €682,000 | +€117,110 | +20.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,458 | €89,872 | +€9,414 | +11.7% |
| Amounts payable within one year | 42/48 | €79,258 | €88,672 | +€9,414 | +11.9% |
| Trade debts | 44 | €1,233 | €2,908 | +€1,675 | +136% |
| Suppliers | 440/4 | €1,233 | €2,908 | +€1,675 | +136% |
| Taxes, remuneration and social security | 45 | €10,627 | €15,934 | +€5,307 | +49.9% |
| Taxes | 450/3 | €10,627 | €15,934 | +€5,307 | +49.9% |
| Other amounts payable | 47/48 | €67,398 | €69,830 | +€2,432 | +3.6% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €102 | +€102 | |
| Other operating charges | 640/8 | €1,815 | €1,521 | -€294 | -16.2% |
| Gross operating margin | 9900 | €359,602 | €385,041 | +€25,439 | +7.1% |
| Operating profit (loss) | 9901 | €357,787 | €383,418 | +€25,631 | +7.2% |
| Financial income | 75/76B | €5,564 | €13,611 | +€8,048 | +145% |
| Recurring financial income | 75 | €5,564 | €13,611 | +€8,048 | +145% |
| Financial charges | 65/66B | -€16,862 | €10,434 | +€27,296 | |
| Recurring financial charges | 65 | -€16,862 | €10,434 | +€27,296 | |
| Profit (loss) for the period before taxes | 9903 | €380,213 | €386,595 | +€6,382 | +1.7% |
| Income taxes | 67/77 | €85,749 | €93,015 | +€7,266 | +8.5% |
| Profit (loss) for the period | 9904 | €294,464 | €293,580 | -€884 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €294,464 | €293,580 | -€884 | -0.3% |
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 29 October 2026 via checked.be.