VERSTRAETE DRUK: what changed
What changed
VERSTRAETE DRUK
NACE 18.120, Other printing
filed annual accounts (NBB)
Net result for the year
€18,049
2024 · €1.4m-€1.4m
Equity
€2.1m
2024 · €2.1m+€18,049
Cash
€257,437
2024 · €366,598-€109,161
Balance sheet total
€2.2m
2024 · €2.3m-€86,415
Largest movements
Assets
- Cash -€109,161
down €109,161 (-29.8%), from €366,598 to €257,437
mainly Tax, wage and social debts (-€80,770) and Current investments (-€50,462)
- Current investments +€50,462
up €50,462 (+3.7%), from €1.4m to €1.4m
Equity and liabilities
- Tax, wage and social debts -€80,770
down €80,770 (-97.1%), from €83,212 to €2,443
Income statement
- Gross operating margin -€1.9m
down €1.9m (-99.2%), from €1.9m to €15,998
- Taxes -€540,215
down €540,215 (-99.4%), from €543,647 to €3,431
- Other operating charges -€41,565
down €41,565 (-86.7%), from €47,955 to €6,390
- Financial income -€25,934
down €25,934 (-35.0%), from €74,067 to €48,134
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
€1.4m
Gross operating margin
-€1.9m
Depreciation
+€2,674
Other operating charges
+€41,565
Financial income
-€25,934
Financial charges
-€2,222
Taxes
+€540,215
Result 2025
€18,049
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
-€49,056
Investment
-€60,104
Financing
€0
Cash 2024
€366,598
From operations (derived)
-€49,056
Net result for the year
+€18,049
Depreciation
+€32,436
Stocks and contracts
-€3,829
Receivables within one year
+€5,510
Deferred charges and accrued income
+€3,241
Trade debts
-€937
Tax, wage and social debts
-€80,770
Other debts
-€21,460
Accrued charges and deferred income
-€1,297
Investment (derived)
-€60,104
Investment in fixed assets (net)
-€9,642
Current investments
-€50,462
Cash 2025
€257,437
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,311,757 | €2,225,342 | -€86,415 | -3.7% |
| Fixed assets | 21/28 | €513,602 | €490,808 | -€22,794 | -4.4% |
| Tangible fixed assets | 22/27 | €513,602 | €490,808 | -€22,794 | -4.4% |
| Land and buildings | 22 | €468,192 | €465,982 | -€2,210 | -0.5% |
| Plant, machinery and equipment | 23 | €15,077 | €7,493 | -€7,585 | -50.3% |
| Furniture and vehicles | 24 | €30,333 | €17,333 | -€13,000 | -42.9% |
| Current assets | 29/58 | €1,798,155 | €1,734,534 | -€63,621 | -3.5% |
| Stocks and contracts in progress | 3 | €4,914 | €8,743 | +€3,829 | +77.9% |
| Stocks | 30/36 | €4,914 | €8,743 | +€3,829 | +77.9% |
| Amounts receivable within one year | 40/41 | €37,221 | €31,711 | -€5,510 | -14.8% |
| Trade receivables | 40 | €8,012 | €18,640 | +€10,629 | +133% |
| Other amounts receivable | 41 | €29,209 | €13,071 | -€16,138 | -55.3% |
| Current investments | 50/53 | €1,377,209 | €1,427,671 | +€50,462 | +3.7% |
| Cash at bank and in hand | 54/58 | €366,598 | €257,437 | -€109,161 | -29.8% |
| Deferred charges and accrued income | 490/1 | €12,214 | €8,973 | -€3,241 | -26.5% |
| Total equity and liabilities | 10/49 | €2,311,757 | €2,225,342 | -€86,415 | -3.7% |
| Equity | 10/15 | €2,114,507 | €2,132,556 | +€18,049 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,095,907 | €2,113,956 | +€18,049 | +0.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,095,907 | €2,113,956 | +€18,049 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €75,565 | €75,565 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €75,565 | €75,565 | = | 0.0% |
| Pensions and similar obligations | 160 | €75,565 | €75,565 | = | 0.0% |
| Amounts payable | 17/49 | €121,685 | €17,221 | -€104,464 | -85.8% |
| Amounts payable within one year | 42/48 | €114,250 | €11,084 | -€103,166 | -90.3% |
| Trade debts | 44 | €6,488 | €5,551 | -€937 | -14.4% |
| Suppliers | 440/4 | €6,488 | €5,551 | -€937 | -14.4% |
| Taxes, remuneration and social security | 45 | €83,212 | €2,443 | -€80,770 | -97.1% |
| Taxes | 450/3 | €83,212 | €2,443 | -€80,770 | -97.1% |
| Other amounts payable | 47/48 | €24,550 | €3,090 | -€21,460 | -87.4% |
| Accrued charges and deferred income | 492/3 | €7,435 | €6,138 | -€1,297 | -17.5% |
| Non-recurring operating income | 76A | €1,978,135 | €0 | -€2.0m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,111 | €32,436 | -€2,674 | -7.6% |
| Other operating charges | 640/8 | €47,955 | €6,390 | -€41,565 | -86.7% |
| Gross operating margin | 9900 | €1,944,655 | €15,998 | -€1.9m | -99.2% |
| Operating profit (loss) | 9901 | €1,861,589 | -€22,828 | -€1.9m | |
| Financial income | 75/76B | €74,067 | €48,134 | -€25,934 | -35.0% |
| Recurring financial income | 75 | €74,067 | €48,134 | -€25,934 | -35.0% |
| Financial charges | 65/66B | €1,604 | €3,826 | +€2,222 | +139% |
| Recurring financial charges | 65 | €1,604 | €3,826 | +€2,222 | +139% |
| Profit (loss) for the period before taxes | 9903 | €1,934,053 | €21,480 | -€1.9m | -98.9% |
| Income taxes | 67/77 | €543,647 | €3,431 | -€540,215 | -99.4% |
| Profit (loss) for the period | 9904 | €1,390,406 | €18,049 | -€1.4m | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,390,406 | €18,049 | -€1.4m | -98.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.