VERSTRAETE E & P: 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 E & P
Largest movements
- Receivables within one year +€68,874
up €68,874 (+47.8%), from €144,016 to €212,890
of which Trade receivables: +€74,323
- Stocks and contracts -€45,117
down €45,117 (-46.6%), from €96,894 to €51,777
of which Stocks: -€51,217
- Cash +€42,381
up €42,381 (+21.9%), from €193,233 to €235,614
mainly Net result for the year (+€106,966) and Stocks and contracts (+€45,117)
- Tangible fixed assets +€40,028
up €40,028 (+31.1%), from €128,909 to €168,937
of which Furniture and vehicles: +€61,460
- Reserves +€106,966
up €106,966 (+22.2%), from €482,908 to €589,874
of which Distributable reserves: +€106,966
- Tax, wage and social debts +€13,957
up €13,957 (+9243.0%), from €151 to €14,108
of which Taxes: +€8,844
- Gross operating margin +€29,909
up €29,909 (+20.3%), from €147,477 to €177,386
- Purchases and services -€25,621
down €25,621 (-5.7%), from €448,911 to €423,290
- Write-downs -€14,758
new in 2025: -€14,758
- Taxes +€12,220
up €12,220 (+39.8%), from €30,685 to €42,905
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 | €566,402 | €674,966 | +€108,564 | +19.2% |
| Fixed assets | 21/28 | €129,044 | €169,072 | +€40,028 | +31.0% |
| Tangible fixed assets | 22/27 | €128,909 | €168,937 | +€40,028 | +31.1% |
| Land and buildings | 22 | €93,570 | €76,387 | -€17,183 | -18.4% |
| Plant, machinery and equipment | 23 | €30,596 | €26,347 | -€4,249 | -13.9% |
| Furniture and vehicles | 24 | €4,743 | €66,203 | +€61,460 | +1295.8% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €437,358 | €505,894 | +€68,536 | +15.7% |
| Stocks and contracts in progress | 3 | €96,894 | €51,777 | -€45,117 | -46.6% |
| Stocks | 30/36 | €96,894 | €45,677 | -€51,217 | -52.9% |
| Contracts in progress | 37 | - | €6,100 | +€6,100 | |
| Amounts receivable within one year | 40/41 | €144,016 | €212,890 | +€68,874 | +47.8% |
| Trade receivables | 40 | €138,069 | €212,392 | +€74,323 | +53.8% |
| Other amounts receivable | 41 | €5,947 | €498 | -€5,449 | -91.6% |
| Cash at bank and in hand | 54/58 | €193,233 | €235,614 | +€42,381 | +21.9% |
| Deferred charges and accrued income | 490/1 | €3,215 | €5,613 | +€2,398 | +74.6% |
| Total equity and liabilities | 10/49 | €566,402 | €674,966 | +€108,564 | +19.2% |
| Equity | 10/15 | €513,785 | €620,751 | +€106,966 | +20.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €482,908 | €589,874 | +€106,966 | +22.2% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €479,908 | €586,874 | +€106,966 | +22.3% |
| Profit (loss) carried forward | 14 | €877 | €877 | = | 0.0% |
| Amounts payable | 17/49 | €52,617 | €54,215 | +€1,598 | +3.0% |
| Amounts payable within one year | 42/48 | €48,310 | €54,160 | +€5,850 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €2,532 | - | -€2,532 | |
| Trade debts | 44 | €45,627 | €40,052 | -€5,575 | -12.2% |
| Suppliers | 440/4 | €45,627 | €40,052 | -€5,575 | -12.2% |
| Taxes, remuneration and social security | 45 | €151 | €14,108 | +€13,957 | +9243.0% |
| Taxes | 450/3 | €151 | €8,995 | +€8,844 | +5857.0% |
| Remuneration and social security | 454/9 | - | €5,113 | +€5,113 | |
| Accrued charges and deferred income | 492/3 | €4,307 | €55 | -€4,252 | -98.7% |
| Turnover | 70 | €596,388 | €600,676 | +€4,288 | +0.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €448,911 | €423,290 | -€25,621 | -5.7% |
| Remuneration, social security and pensions | 62 | - | €2,218 | +€2,218 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,425 | €38,191 | +€3,766 | +10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€14,758 | -€14,758 | |
| Other operating charges | 640/8 | €2,878 | €2,995 | +€117 | +4.1% |
| Gross operating margin | 9900 | €147,477 | €177,386 | +€29,909 | +20.3% |
| Operating profit (loss) | 9901 | €110,174 | €148,740 | +€38,566 | +35.0% |
| Financial income | 75/76B | €2,176 | €1,295 | -€881 | -40.5% |
| Recurring financial income | 75 | €2,176 | €1,295 | -€881 | -40.5% |
| Financial charges | 65/66B | €4,653 | €164 | -€4,489 | -96.5% |
| Recurring financial charges | 65 | €4,653 | €164 | -€4,489 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €107,697 | €149,871 | +€42,174 | +39.2% |
| Income taxes | 67/77 | €30,685 | €42,905 | +€12,220 | +39.8% |
| Profit (loss) for the period | 9904 | €77,012 | €106,966 | +€29,954 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,012 | €106,966 | +€29,954 | +38.9% |
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 12 October 2026 via checked.be.