VERSTRAETE ESTATES: 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 ESTATES
Largest movements
- Cash +€6,719
up €6,719 (+4.8%), from €140,278 to €146,997
mainly Net result for the year (+€20,627) and Depreciation (+€8,787)
- Reserves +€5,645
up €5,645 (+2.6%), from €218,055 to €223,700
- Tax, wage and social debts +€3,402
up €3,402, from €0 to €3,402
of which Taxes: +€3,402
- Gross operating margin +€12,193
up €12,193 (+37.2%), from €32,745 to €44,938
- Taxes +€3,517
up €3,517 (+59.8%), from €5,885 to €9,402
- Depreciation +€537
up €537 (+6.5%), from €8,250 to €8,787
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 | €249,917 | €258,565 | +€8,649 | +3.5% |
| Fixed assets | 21/28 | €107,374 | €107,021 | -€353 | -0.3% |
| Tangible fixed assets | 22/27 | €107,374 | €107,021 | -€353 | -0.3% |
| Land and buildings | 22 | €107,374 | €107,021 | -€353 | -0.3% |
| Current assets | 29/58 | €142,543 | €151,544 | +€9,001 | +6.3% |
| Amounts receivable within one year | 40/41 | €1,615 | €3,876 | +€2,260 | +140% |
| Other amounts receivable | 41 | €1,615 | €3,876 | +€2,260 | +140% |
| Cash at bank and in hand | 54/58 | €140,278 | €146,997 | +€6,719 | +4.8% |
| Deferred charges and accrued income | 490/1 | €650 | €672 | +€22 | +3.4% |
| Total equity and liabilities | 10/49 | €249,917 | €258,565 | +€8,649 | +3.5% |
| Equity | 10/15 | €236,605 | €242,250 | +€5,645 | +2.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €218,055 | €223,700 | +€5,645 | +2.6% |
| Distributable reserves | 133 | €218,055 | €223,700 | +€5,645 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,311 | €16,315 | +€3,004 | +22.6% |
| Amounts payable within one year | 42/48 | €8,791 | €9,524 | +€733 | +8.3% |
| Trade debts | 44 | €2,761 | €410 | -€2,351 | -85.2% |
| Suppliers | 440/4 | €2,761 | €410 | -€2,351 | -85.2% |
| Taxes, remuneration and social security | 45 | €0 | €3,402 | +€3,402 | |
| Taxes | 450/3 | - | €3,402 | +€3,402 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,030 | €5,712 | -€318 | -5.3% |
| Accrued charges and deferred income | 492/3 | €4,520 | €6,791 | +€2,271 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,250 | €8,787 | +€537 | +6.5% |
| Other operating charges | 640/8 | €5,581 | €5,638 | +€57 | +1.0% |
| Gross operating margin | 9900 | €32,745 | €44,938 | +€12,193 | +37.2% |
| Operating profit (loss) | 9901 | €18,915 | €30,513 | +€11,599 | +61.3% |
| Financial charges | 65/66B | €419 | €484 | +€65 | +15.5% |
| Recurring financial charges | 65 | €419 | €484 | +€65 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €18,495 | €30,029 | +€11,534 | +62.4% |
| Income taxes | 67/77 | €5,885 | €9,402 | +€3,517 | +59.8% |
| Profit (loss) for the period | 9904 | €12,610 | €20,627 | +€8,017 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,610 | €20,627 | +€8,017 | +63.6% |
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 19 October 2026 via checked.be.