VERSTRAETEN & C°: what changed
What changed
VERSTRAETEN & C°
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
-€7,667
2024 · €1,704-€9,371
Equity
€47,148
2024 · €54,815-€7,667
Cash
€2,187
2024 · €947+€1,240
Balance sheet total
€119,477
2024 · €127,781-€8,304
Largest movements
Assets
- Receivables within one year -€10,356
down €10,356 (-14.3%), from €72,473 to €62,117
of which Trade receivables: -€9,200
Equity and liabilities
- Profit (loss) carried forward -€13,234
down €13,234 (-100%), from €13,234 to €0
- Reserves +€5,568
up €5,568 (+19.1%), from €29,180 to €34,748
of which Distributable reserves: +€5,568
- Trade debts +€3,033
up €3,033 (+6.3%), from €48,066 to €51,098
- Advances received -€2,420
down €2,420 (-100%), from €2,420 to €0
Income statement
- Gross operating margin -€10,913
down €10,913, from €9,290 to -€1,623
- Financial charges -€1,344
down €1,344 (-29.5%), from €4,558 to €3,214
- Taxes -€1,000
down €1,000 (-100.0%), from €1,000 to €0
- Depreciation +€379
up €379 (+15.6%), from €2,426 to €2,805
- Other operating charges +€336
up €336 (+20.5%), from €1,635 to €1,971
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
€1,704
Gross operating margin
-€10,913
Depreciation
-€379
Other operating charges
-€336
Financial income
-€86
Financial charges
+€1,344
Taxes
+€1,000
Result 2025
-€7,667
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
+€5,363
Investment
-€2,873
Financing
-€1,250
Cash 2024
€947
From operations (derived)
+€5,363
Net result for the year
-€7,667
Depreciation
+€2,805
Receivables within one year
+€10,356
Deferred charges and accrued income
-€744
Trade debts
+€3,033
Advances received
-€2,420
Investment (derived)
-€2,873
Investment in fixed assets (net)
-€2,873
Financing
-€1,250
Current portion of long-term debt
-€1,250
Cash 2025
€2,187
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,781 | €119,477 | -€8,304 | -6.5% |
| Fixed assets | 21/28 | €54,071 | €54,139 | +€68 | +0.1% |
| Tangible fixed assets | 22/27 | €54,071 | €54,139 | +€68 | +0.1% |
| Land and buildings | 22 | €48,000 | €48,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,894 | €3,613 | +€719 | +24.9% |
| Furniture and vehicles | 24 | €3,177 | €2,526 | -€651 | -20.5% |
| Current assets | 29/58 | €73,710 | €65,338 | -€8,373 | -11.4% |
| Amounts receivable within one year | 40/41 | €72,473 | €62,117 | -€10,356 | -14.3% |
| Trade receivables | 40 | €22,618 | €13,419 | -€9,200 | -40.7% |
| Other amounts receivable | 41 | €49,855 | €48,698 | -€1,157 | -2.3% |
| Cash at bank and in hand | 54/58 | €947 | €2,187 | +€1,240 | +131% |
| Deferred charges and accrued income | 490/1 | €290 | €1,034 | +€744 | +256% |
| Total equity and liabilities | 10/49 | €127,781 | €119,477 | -€8,304 | -6.5% |
| Equity | 10/15 | €54,815 | €47,148 | -€7,667 | -14.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,180 | €34,748 | +€5,568 | +19.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,320 | €32,888 | +€5,568 | +20.4% |
| Profit (loss) carried forward | 14 | €13,234 | €0 | -€13,234 | -100% |
| Amounts payable | 17/49 | €72,966 | €72,329 | -€638 | -0.9% |
| Amounts payable within one year | 42/48 | €72,966 | €72,329 | -€638 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €1,250 | €0 | -€1,250 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €48,066 | €51,098 | +€3,033 | +6.3% |
| Suppliers | 440/4 | €48,066 | €51,098 | +€3,033 | +6.3% |
| Advances received on contracts in progress | 46 | €2,420 | €0 | -€2,420 | -100% |
| Other amounts payable | 47/48 | €21,231 | €21,231 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,426 | €2,805 | +€379 | +15.6% |
| Other operating charges | 640/8 | €1,635 | €1,971 | +€336 | +20.5% |
| Gross operating margin | 9900 | €9,290 | -€1,623 | -€10,913 | |
| Operating profit (loss) | 9901 | €5,229 | -€6,400 | -€11,628 | |
| Financial income | 75/76B | €2,033 | €1,947 | -€86 | -4.2% |
| Recurring financial income | 75 | €2,033 | €1,947 | -€86 | -4.2% |
| Financial charges | 65/66B | €4,558 | €3,214 | -€1,344 | -29.5% |
| Recurring financial charges | 65 | €4,558 | €3,214 | -€1,344 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €2,704 | -€7,667 | -€10,370 | |
| Income taxes | 67/77 | €1,000 | €0 | -€1,000 | -100.0% |
| Profit (loss) for the period | 9904 | €1,704 | -€7,667 | -€9,371 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,704 | -€7,667 | -€9,371 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.