VERSTRAS: 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.
VERSTRAS
Largest movements
- Receivables within one year +€9,397
up €9,397 (+23.9%), from €39,357 to €48,754
of which Other amounts receivable: +€13,169
- Cash +€8,427
new in 2025: €8,427
mainly Net result for the year (+€21,573) and Tax, wage and social debts (+€6,157)
- Reserves +€21,573
up €21,573 (+108.9%), from €19,808 to €41,381
- Tax, wage and social debts +€6,157
up €6,157 (+79.2%), from €7,770 to €13,927
- Trade debts -€5,314
down €5,314 (-96.0%), from €5,537 to €223
- Short-term financial debts -€4,993
down €4,993 (-100.0%), from €4,993 to €0
- Gross operating margin +€19,792
up €19,792 (+199.9%), from €9,899 to €29,690
- Taxes +€4,729
up €4,729 (+190.3%), from €2,485 to €7,215
- Other operating charges -€1,477
down €1,477 (-55.7%), from €2,650 to €1,173
- Financial income +€690
up €690 (+62.4%), from €1,105 to €1,795
- Financial charges -€564
down €564 (-34.8%), from €1,622 to €1,058
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 | €40,609 | €58,031 | +€17,422 | +42.9% |
| Fixed assets | 21/28 | €1,102 | €635 | -€467 | -42.4% |
| Tangible fixed assets | 22/27 | €1,102 | €635 | -€467 | -42.4% |
| Plant, machinery and equipment | 23 | €1,102 | €635 | -€467 | -42.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €39,506 | €57,396 | +€17,889 | +45.3% |
| Amounts receivable within one year | 40/41 | €39,357 | €48,754 | +€9,397 | +23.9% |
| Trade receivables | 40 | €12,748 | €8,977 | -€3,772 | -29.6% |
| Other amounts receivable | 41 | €26,608 | €39,777 | +€13,169 | +49.5% |
| Cash at bank and in hand | 54/58 | - | €8,427 | +€8,427 | |
| Deferred charges and accrued income | 490/1 | €150 | €214 | +€64 | +43.0% |
| Total equity and liabilities | 10/49 | €40,609 | €58,031 | +€17,422 | +42.9% |
| Equity | 10/15 | €22,308 | €43,881 | +€21,573 | +96.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €19,808 | €41,381 | +€21,573 | +108.9% |
| Distributable reserves | 133 | €19,808 | €41,381 | +€21,573 | +108.9% |
| Amounts payable | 17/49 | €18,301 | €14,150 | -€4,151 | -22.7% |
| Amounts payable within one year | 42/48 | €18,301 | €14,150 | -€4,151 | -22.7% |
| Financial debts | 43 | €4,993 | €0 | -€4,993 | -100.0% |
| Credit institutions | 430/8 | €4,993 | €0 | -€4,993 | -100.0% |
| Trade debts | 44 | €5,537 | €223 | -€5,314 | -96.0% |
| Suppliers | 440/4 | €5,537 | €223 | -€5,314 | -96.0% |
| Taxes, remuneration and social security | 45 | €7,770 | €13,927 | +€6,157 | +79.2% |
| Taxes | 450/3 | €7,770 | €13,927 | +€6,157 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €872 | €467 | -€405 | -46.5% |
| Other operating charges | 640/8 | €2,650 | €1,173 | -€1,477 | -55.7% |
| Gross operating margin | 9900 | €9,899 | €29,690 | +€19,792 | +199.9% |
| Operating profit (loss) | 9901 | €6,376 | €28,050 | +€21,674 | +339.9% |
| Financial income | 75/76B | €1,105 | €1,795 | +€690 | +62.4% |
| Recurring financial income | 75 | €1,105 | €1,795 | +€690 | +62.4% |
| Financial charges | 65/66B | €1,622 | €1,058 | -€564 | -34.8% |
| Recurring financial charges | 65 | €1,622 | €1,058 | -€564 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €5,860 | €28,788 | +€22,928 | +391.3% |
| Income taxes | 67/77 | €2,485 | €7,215 | +€4,729 | +190.3% |
| Profit (loss) for the period | 9904 | €3,374 | €21,573 | +€18,198 | +539.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,374 | €21,573 | +€18,198 | +539.3% |
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 8 October 2026 via checked.be.