VERSTRAETE BOUWONDERNEMING: what changed
What changed
VERSTRAETE BOUWONDERNEMING
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€74,670
2024 · €3,823-€78,492
Equity
-€38,953
2024 · €35,717-€74,670
Cash
€21,440
2024 · €298,052-€276,612
Balance sheet total
€8.3m
2024 · €8.3m-€14,374
Largest movements
Assets
- Stocks and contracts +€328,076
up €328,076 (+4.3%), from €7.7m to €8.0m
- Cash -€276,612
down €276,612 (-92.8%), from €298,052 to €21,440
mainly Stocks and contracts (-€328,076) and Accrued charges and deferred income (-€110,700)
Equity and liabilities
- Debts after one year +€198,680
up €198,680 (+2.5%), from €7.9m to €8.1m
of which Financial debts: +€191,185
- Accrued charges and deferred income -€110,700
no longer reported in 2025 (was €110,700)
- Other debts +€102,220
new in 2025: €102,220
- Trade debts -€89,426
down €89,426 (-40.1%), from €223,232 to €133,806
Income statement
- Gross operating margin -€146,282
down €146,282 (-26.9%), from €543,857 to €397,575
- Financial charges -€68,055
down €68,055 (-12.5%), from €542,681 to €474,627
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
€3,823
Gross operating margin
-€146,282
Depreciation
+€127
Other operating charges
-€3,050
Financial income
+€1,024
Financial charges
+€68,055
Taxes
+€1,634
Result 2025
-€74,670
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
-€476,744
Investment
+€1,452
Financing
+€198,680
Cash 2024
€298,052
From operations (derived)
-€476,744
Net result for the year
-€74,670
Depreciation
+€7,766
Stocks and contracts
-€328,076
Receivables within one year
+€42,947
Deferred charges and accrued income
+€13,672
Trade debts
-€89,426
Tax, wage and social debts
-€40,478
Other debts
+€102,220
Accrued charges and deferred income
-€110,700
Investment (derived)
+€1,452
Investment in fixed assets (net)
+€1,452
Financing
+€198,680
Debts after one year
+€198,680
Cash 2025
€21,440
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,295,471 | €8,281,097 | -€14,374 | -0.2% |
| Fixed assets | 21/28 | €209,296 | €200,078 | -€9,218 | -4.4% |
| Tangible fixed assets | 22/27 | €207,632 | €199,865 | -€7,766 | -3.7% |
| Land and buildings | 22 | €206,879 | €199,865 | -€7,013 | -3.4% |
| Furniture and vehicles | 24 | €753 | - | -€753 | |
| Financial fixed assets | 28 | €1,665 | €213 | -€1,452 | -87.2% |
| Current assets | 29/58 | €8,086,175 | €8,081,020 | -€5,155 | -0.1% |
| Stocks and contracts in progress | 3 | €7,698,766 | €8,026,842 | +€328,076 | +4.3% |
| Stocks | 30/36 | €7,698,766 | €8,026,842 | +€328,076 | +4.3% |
| Amounts receivable within one year | 40/41 | €62,882 | €19,935 | -€42,947 | -68.3% |
| Trade receivables | 40 | €62,247 | €14,369 | -€47,878 | -76.9% |
| Other amounts receivable | 41 | €636 | €5,567 | +€4,931 | +776% |
| Cash at bank and in hand | 54/58 | €298,052 | €21,440 | -€276,612 | -92.8% |
| Deferred charges and accrued income | 490/1 | €26,474 | €12,802 | -€13,672 | -51.6% |
| Total equity and liabilities | 10/49 | €8,295,471 | €8,281,097 | -€14,374 | -0.2% |
| Equity | 10/15 | €35,717 | -€38,953 | -€74,670 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €5,717 | - | -€5,717 | |
| Distributable reserves | 133 | €5,717 | - | -€5,717 | |
| Profit (loss) carried forward | 14 | - | -€68,953 | -€68,953 | |
| Amounts payable | 17/49 | €8,259,754 | €8,320,050 | +€60,296 | +0.7% |
| Amounts payable after more than one year | 17 | €7,885,344 | €8,084,024 | +€198,680 | +2.5% |
| Financial debts | 170/4 | €7,810,539 | €8,001,724 | +€191,185 | +2.4% |
| Other amounts payable | 178/9 | €74,805 | €82,300 | +€7,495 | +10.0% |
| Amounts payable within one year | 42/48 | €263,710 | €236,026 | -€27,684 | -10.5% |
| Trade debts | 44 | €223,232 | €133,806 | -€89,426 | -40.1% |
| Suppliers | 440/4 | €223,232 | €133,806 | -€89,426 | -40.1% |
| Taxes, remuneration and social security | 45 | €40,478 | - | -€40,478 | |
| Taxes | 450/3 | €40,478 | - | -€40,478 | |
| Other amounts payable | 47/48 | - | €102,220 | +€102,220 | |
| Accrued charges and deferred income | 492/3 | €110,700 | - | -€110,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,893 | €7,766 | -€127 | -1.6% |
| Other operating charges | 640/8 | €2,135 | €5,185 | +€3,050 | +143% |
| Gross operating margin | 9900 | €543,857 | €397,575 | -€146,282 | -26.9% |
| Operating profit (loss) | 9901 | €533,828 | €384,623 | -€149,205 | -28.0% |
| Financial income | 75/76B | €14,113 | €15,137 | +€1,024 | +7.3% |
| Recurring financial income | 75 | €14,113 | €15,137 | +€1,024 | +7.3% |
| Financial charges | 65/66B | €542,681 | €474,627 | -€68,055 | -12.5% |
| Recurring financial charges | 65 | €542,681 | €474,627 | -€68,055 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €5,260 | -€74,867 | -€80,127 | |
| Income taxes | 67/77 | €1,437 | -€197 | -€1,634 | |
| Profit (loss) for the period | 9904 | €3,823 | -€74,670 | -€78,492 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,823 | -€74,670 | -€78,492 |
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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 4 November 2026 via checked.be.