VERSTRAETE CONSTRUCT: 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 CONSTRUCT
Largest movements
- Current investments -€63,000
down €63,000 (-41.0%), from €153,500 to €90,500
- Cash +€59,821
up €59,821 (+23.9%), from €250,675 to €310,497
mainly Net result for the year (+€76,818) and Current investments (+€63,000)
- Receivables within one year +€23,087
up €23,087 (+27.5%), from €84,021 to €107,108
of which Trade receivables: +€18,574
- Stocks and contracts +€13,124
up €13,124 (+9.7%), from €135,770 to €148,894
- Reserves +€66,818
up €66,818 (+13.9%), from €480,157 to €546,975
of which Distributable reserves: +€66,818
- Other debts -€35,598
down €35,598 (-76.0%), from €46,809 to €11,211
- Gross operating margin -€14,150
down €14,150 (-9.0%), from €156,457 to €142,306
- Financial income +€12,663
up €12,663 (+883%), from €1,434 to €14,097
- Taxes -€4,156
down €4,156 (-15.4%), from €26,911 to €22,755
- Staff costs +€3,580
up €3,580 (+9.4%), from €38,229 to €41,808
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 | €681,834 | €714,545 | +€32,711 | +4.8% |
| Fixed assets | 21/28 | €57,868 | €57,546 | -€322 | -0.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €57,868 | €57,546 | -€322 | -0.6% |
| Land and buildings | 22 | €45,303 | €44,061 | -€1,242 | -2.7% |
| Plant, machinery and equipment | 23 | €10,314 | €7,153 | -€3,162 | -30.7% |
| Furniture and vehicles | 24 | €2,251 | €6,332 | +€4,081 | +181% |
| Current assets | 29/58 | €623,966 | €656,999 | +€33,033 | +5.3% |
| Stocks and contracts in progress | 3 | €135,770 | €148,894 | +€13,124 | +9.7% |
| Stocks | 30/36 | €135,770 | €148,894 | +€13,124 | +9.7% |
| Amounts receivable within one year | 40/41 | €84,021 | €107,108 | +€23,087 | +27.5% |
| Trade receivables | 40 | €80,506 | €99,080 | +€18,574 | +23.1% |
| Other amounts receivable | 41 | €3,515 | €8,028 | +€4,514 | +128% |
| Current investments | 50/53 | €153,500 | €90,500 | -€63,000 | -41.0% |
| Cash at bank and in hand | 54/58 | €250,675 | €310,497 | +€59,821 | +23.9% |
| Total equity and liabilities | 10/49 | €681,834 | €714,545 | +€32,711 | +4.8% |
| Equity | 10/15 | €611,657 | €678,475 | +€66,818 | +10.9% |
| Contributions | 10/11 | €131,500 | €131,500 | = | 0.0% |
| Reserves | 13 | €480,157 | €546,975 | +€66,818 | +13.9% |
| Non-distributable reserves | 130/1 | €12,915 | €12,915 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,915 | €12,915 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,033 | €2,033 | = | 0.0% |
| Distributable reserves | 133 | €465,209 | €532,027 | +€66,818 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,177 | €36,070 | -€34,107 | -48.6% |
| Amounts payable within one year | 42/48 | €70,177 | €36,070 | -€34,107 | -48.6% |
| Trade debts | 44 | €18,334 | €17,354 | -€980 | -5.3% |
| Suppliers | 440/4 | €18,334 | €17,354 | -€980 | -5.3% |
| Taxes, remuneration and social security | 45 | €5,034 | €7,504 | +€2,471 | +49.1% |
| Taxes | 450/3 | €595 | €2,932 | +€2,337 | +392% |
| Remuneration and social security | 454/9 | €4,438 | €4,572 | +€134 | +3.0% |
| Other amounts payable | 47/48 | €46,809 | €11,211 | -€35,598 | -76.0% |
| Remuneration, social security and pensions | 62 | €38,229 | €41,808 | +€3,580 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,637 | €6,941 | +€1,304 | +23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €193 | +€193 | |
| Other operating charges | 640/8 | €5,679 | €6,035 | +€356 | +6.3% |
| Gross operating margin | 9900 | €156,457 | €142,306 | -€14,150 | -9.0% |
| Operating profit (loss) | 9901 | €106,912 | €87,329 | -€19,584 | -18.3% |
| Financial income | 75/76B | €1,434 | €14,097 | +€12,663 | +883% |
| Recurring financial income | 75 | €1,434 | €14,097 | +€12,663 | +883% |
| Financial charges | 65/66B | €1,524 | €1,852 | +€328 | +21.5% |
| Recurring financial charges | 65 | €1,524 | €1,852 | +€328 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €106,822 | €99,573 | -€7,249 | -6.8% |
| Income taxes | 67/77 | €26,911 | €22,755 | -€4,156 | -15.4% |
| Profit (loss) for the period | 9904 | €79,911 | €76,818 | -€3,093 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,911 | €76,818 | -€3,093 | -3.9% |
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 15 October 2026 via checked.be.