VERSTRAETE DECOR: 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 DECOR
Largest movements
- Tangible fixed assets -€9,245
down €9,245 (-25.9%), from €35,643 to €26,398
of which Furniture and vehicles: -€7,845
- Stocks and contracts +€8,956
up €8,956 (+22.0%), from €40,735 to €49,691
- Receivables within one year -€4,880
down €4,880 (-13.9%), from €35,110 to €30,230
of which Other amounts receivable: -€4,799
- Deferred charges and accrued income +€2,511
up €2,511 (+552%), from €455 to €2,966
- Profit (loss) carried forward -€35,943
down €35,943 (-90.4%), from -€39,756 to -€75,699
- Other debts +€27,183
up €27,183 (+88.6%), from €30,676 to €57,859
- Short-term financial debts +€21,174
up €21,174 (+2,041%), from €1,037 to €22,212
- Trade debts -€9,340
down €9,340 (-12.1%), from €77,166 to €67,825
- Debts after one year -€7,238
down €7,238 (-100%), from €7,238 to €0
- Gross operating margin +€16,474
up €16,474 (+12.7%), from €129,973 to €146,447
- Staff costs +€4,311
up €4,311 (+2.6%), from €163,216 to €167,527
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 | €115,425 | €112,767 | -€2,658 | -2.3% |
| Fixed assets | 21/28 | €35,643 | €26,398 | -€9,245 | -25.9% |
| Tangible fixed assets | 22/27 | €35,643 | €26,398 | -€9,245 | -25.9% |
| Land and buildings | 22 | €7,698 | €6,573 | -€1,125 | -14.6% |
| Plant, machinery and equipment | 23 | €995 | €719 | -€276 | -27.7% |
| Furniture and vehicles | 24 | €26,951 | €19,106 | -€7,845 | -29.1% |
| Current assets | 29/58 | €79,782 | €86,369 | +€6,587 | +8.3% |
| Stocks and contracts in progress | 3 | €40,735 | €49,691 | +€8,956 | +22.0% |
| Stocks | 30/36 | €40,735 | €49,691 | +€8,956 | +22.0% |
| Amounts receivable within one year | 40/41 | €35,110 | €30,230 | -€4,880 | -13.9% |
| Trade receivables | 40 | €22,190 | €22,109 | -€81 | -0.4% |
| Other amounts receivable | 41 | €12,920 | €8,120 | -€4,799 | -37.1% |
| Cash at bank and in hand | 54/58 | €3,483 | €3,483 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €455 | €2,966 | +€2,511 | +552% |
| Total equity and liabilities | 10/49 | €115,425 | €112,767 | -€2,658 | -2.3% |
| Equity | 10/15 | -€31,696 | -€67,639 | -€35,943 | -113% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,756 | -€75,699 | -€35,943 | -90.4% |
| Amounts payable | 17/49 | €147,121 | €180,406 | +€33,285 | +22.6% |
| Amounts payable after more than one year | 17 | €7,238 | €0 | -€7,238 | -100% |
| Financial debts | 170/4 | €7,238 | €0 | -€7,238 | -100% |
| Amounts payable within one year | 42/48 | €139,883 | €180,406 | +€40,523 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €7,556 | €7,238 | -€318 | -4.2% |
| Financial debts | 43 | €1,037 | €22,212 | +€21,174 | +2,041% |
| Credit institutions | 430/8 | €1,037 | €22,212 | +€21,174 | +2,041% |
| Trade debts | 44 | €77,166 | €67,825 | -€9,340 | -12.1% |
| Suppliers | 440/4 | €77,166 | €67,825 | -€9,340 | -12.1% |
| Taxes, remuneration and social security | 45 | €23,449 | €25,272 | +€1,824 | +7.8% |
| Taxes | 450/3 | €14,077 | €19,252 | +€5,175 | +36.8% |
| Remuneration and social security | 454/9 | €9,371 | €6,020 | -€3,351 | -35.8% |
| Other amounts payable | 47/48 | €30,676 | €57,859 | +€27,183 | +88.6% |
| Remuneration, social security and pensions | 62 | €163,216 | €167,527 | +€4,311 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,230 | €9,245 | +€15 | +0.2% |
| Other operating charges | 640/8 | €1,838 | €1,559 | -€279 | -15.2% |
| Gross operating margin | 9900 | €129,973 | €146,447 | +€16,474 | +12.7% |
| Operating profit (loss) | 9901 | -€44,311 | -€31,884 | +€12,427 | +28.0% |
| Financial income | 75/76B | €884 | €297 | -€587 | -66.4% |
| Recurring financial income | 75 | €884 | €297 | -€587 | -66.4% |
| Financial charges | 65/66B | €3,501 | €4,224 | +€723 | +20.7% |
| Recurring financial charges | 65 | €3,501 | €4,224 | +€723 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | -€46,928 | -€35,811 | +€11,117 | +23.7% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€47,056 | -€35,943 | +€11,113 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,056 | -€35,943 | +€11,113 | +23.6% |
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 18 October 2026 via checked.be.