VERSTRAETE DEVELOPMENT: what changed
Two fiscal 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 DEVELOPMENT
Largest movements
- Stocks and contracts +€247,764
up €247,764 (+88.0%), from €281,675 to €529,439
- Financial fixed assets +€97,938
new in 2025: €97,938
- Receivables within one year -€59,730
down €59,730 (-86.9%), from €68,764 to €9,034
of which Other amounts receivable: -€58,540
- Cash +€14,762
up €14,762 (+3385.3%), from €436 to €15,198
mainly Debts after one year (+€340,098) and Receivables within one year (+€59,730)
- Debts after one year +€340,098
up €340,098 (+218.3%), from €155,798 to €495,897
- Provisions -€24,500
down €24,500 (-17.7%), from €138,500 to €114,000
- Profit (loss) carried forward -€20,683
down €20,683 (-143.7%), from -€14,391 to -€35,073
- Trade debts +€8,890
up €8,890 (+17.3%), from €51,246 to €60,136
- Gross operating margin +€20,927
up €20,927 (+68.9%), from -€30,359 to -€9,432
- Other operating charges +€12,256
up €12,256 (+1923.0%), from €637 to €12,894
- Financial charges +€10,251
up €10,251 (+81.3%), from €12,606 to €22,857
- Financial income -€1,014
no longer reported in 2025 (was €1,014)
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.
Cash bridge derived
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 | €350,876 | €653,559 | +€302,684 | +86.3% |
| Fixed assets | 21/28 | - | €97,938 | +€97,938 | |
| Financial fixed assets | 28 | - | €97,938 | +€97,938 | |
| Current assets | 29/58 | €350,876 | €555,621 | +€204,746 | +58.4% |
| Stocks and contracts in progress | 3 | €281,675 | €529,439 | +€247,764 | +88.0% |
| Stocks | 30/36 | €281,675 | €529,439 | +€247,764 | +88.0% |
| Amounts receivable within one year | 40/41 | €68,764 | €9,034 | -€59,730 | -86.9% |
| Trade receivables | 40 | €1,190 | - | -€1,190 | |
| Other amounts receivable | 41 | €67,574 | €9,034 | -€58,540 | -86.6% |
| Cash at bank and in hand | 54/58 | €436 | €15,198 | +€14,762 | +3385.3% |
| Deferred charges and accrued income | 490/1 | - | €1,950 | +€1,950 | |
| Total equity and liabilities | 10/49 | €350,876 | €653,559 | +€302,684 | +86.3% |
| Equity | 10/15 | €4,209 | -€16,473 | -€20,683 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,391 | -€35,073 | -€20,683 | -143.7% |
| Provisions and deferred taxes | 16 | €138,500 | €114,000 | -€24,500 | -17.7% |
| Provisions for liabilities and charges | 160/5 | €138,500 | €114,000 | -€24,500 | -17.7% |
| Other liabilities and charges | 164/5 | €138,500 | €114,000 | -€24,500 | -17.7% |
| Amounts payable | 17/49 | €208,166 | €556,033 | +€347,866 | +167.1% |
| Amounts payable after more than one year | 17 | €155,798 | €495,897 | +€340,098 | +218.3% |
| Financial debts | 170/4 | €155,798 | €495,897 | +€340,098 | +218.3% |
| Amounts payable within one year | 42/48 | €51,246 | €60,136 | +€8,890 | +17.3% |
| Trade debts | 44 | €51,246 | €60,136 | +€8,890 | +17.3% |
| Suppliers | 440/4 | €51,246 | €60,136 | +€8,890 | +17.3% |
| Accrued charges and deferred income | 492/3 | €1,122 | €0 | -€1,122 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€24,500 | -€24,500 | = | 0.0% |
| Other operating charges | 640/8 | €637 | €12,894 | +€12,256 | +1923.0% |
| Gross operating margin | 9900 | -€30,359 | -€9,432 | +€20,927 | +68.9% |
| Operating profit (loss) | 9901 | -€6,497 | €2,174 | +€8,671 | |
| Financial income | 75/76B | €1,014 | - | -€1,014 | |
| Recurring financial income | 75 | €1,014 | - | -€1,014 | |
| Financial charges | 65/66B | €12,606 | €22,857 | +€10,251 | +81.3% |
| Recurring financial charges | 65 | €12,606 | €22,857 | +€10,251 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,088 | -€20,683 | -€2,594 | -14.3% |
| Income taxes | 67/77 | €42 | - | -€42 | |
| Profit (loss) for the period | 9904 | -€18,131 | -€20,683 | -€2,552 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,131 | -€20,683 | -€2,552 | -14.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.