VERSTRINGE GAETAN: 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.
VERSTRINGE GAETAN
Largest movements
- Receivables within one year -€12,142
down €12,142 (-48.0%), from €25,319 to €13,177
of which Trade receivables: -€11,215
- Tangible fixed assets -€6,974
down €6,974 (-29.8%), from €23,426 to €16,452
of which Plant, machinery and equipment: -€5,670
- Cash -€3,761
down €3,761 (-50.3%), from €7,478 to €3,718
mainly Trade debts (-€7,393) and Net result for the year (-€5,932)
- Current investments +€3,200
new in 2025: €3,200
- Trade debts -€7,393
down €7,393 (-40.2%), from €18,398 to €11,006
- Profit (loss) carried forward -€5,932
down €5,932 (-34.9%), from €17,017 to €11,085
- Other debts -€2,296
down €2,296 (-13.8%), from €16,649 to €14,353
- Current portion of long-term debt -€2,208
no longer reported in 2025 (was €2,208)
- Tax, wage and social debts -€1,525
down €1,525 (-88.8%), from €1,717 to €192
of which Remuneration and social security: -€1,717
- Gross operating margin -€9,590
down €9,590 (-80.1%), from €11,978 to €2,389
- Depreciation -€3,733
down €3,733 (-43.6%), from €8,556 to €4,823
- Other operating charges +€641
up €641 (+103%), from €620 to €1,261
- Staff costs -€227
down €227 (-9.9%), from €2,284 to €2,057
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 | €56,789 | €37,136 | -€19,653 | -34.6% |
| Fixed assets | 21/28 | €23,441 | €16,467 | -€6,974 | -29.8% |
| Tangible fixed assets | 22/27 | €23,426 | €16,452 | -€6,974 | -29.8% |
| Land and buildings | 22 | €12,268 | €10,965 | -€1,304 | -10.6% |
| Plant, machinery and equipment | 23 | €11,157 | €5,487 | -€5,670 | -50.8% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €33,348 | €20,669 | -€12,679 | -38.0% |
| Stocks and contracts in progress | 3 | €551 | €574 | +€24 | +4.3% |
| Stocks | 30/36 | €551 | €574 | +€24 | +4.3% |
| Amounts receivable within one year | 40/41 | €25,319 | €13,177 | -€12,142 | -48.0% |
| Trade receivables | 40 | €24,120 | €12,905 | -€11,215 | -46.5% |
| Other amounts receivable | 41 | €1,199 | €272 | -€927 | -77.3% |
| Current investments | 50/53 | - | €3,200 | +€3,200 | |
| Cash at bank and in hand | 54/58 | €7,478 | €3,718 | -€3,761 | -50.3% |
| Total equity and liabilities | 10/49 | €56,789 | €37,136 | -€19,653 | -34.6% |
| Equity | 10/15 | €17,517 | €11,585 | -€5,932 | -33.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,017 | €11,085 | -€5,932 | -34.9% |
| Amounts payable | 17/49 | €39,272 | €25,551 | -€13,721 | -34.9% |
| Amounts payable within one year | 42/48 | €38,972 | €25,551 | -€13,421 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €2,208 | - | -€2,208 | |
| Trade debts | 44 | €18,398 | €11,006 | -€7,393 | -40.2% |
| Suppliers | 440/4 | €18,398 | €11,006 | -€7,393 | -40.2% |
| Taxes, remuneration and social security | 45 | €1,717 | €192 | -€1,525 | -88.8% |
| Taxes | 450/3 | - | €192 | +€192 | |
| Remuneration and social security | 454/9 | €1,717 | - | -€1,717 | |
| Other amounts payable | 47/48 | €16,649 | €14,353 | -€2,296 | -13.8% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €2,284 | €2,057 | -€227 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,556 | €4,823 | -€3,733 | -43.6% |
| Other operating charges | 640/8 | €620 | €1,261 | +€641 | +103% |
| Gross operating margin | 9900 | €11,978 | €2,389 | -€9,590 | -80.1% |
| Operating profit (loss) | 9901 | €518 | -€5,753 | -€6,270 | |
| Financial income | 75/76B | €3 | €4 | +€1 | +36.9% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +36.9% |
| Financial charges | 65/66B | €202 | €183 | -€18 | -9.1% |
| Recurring financial charges | 65 | €202 | €183 | -€18 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €319 | -€5,932 | -€6,251 | |
| Profit (loss) for the period | 9904 | €319 | -€5,932 | -€6,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €319 | -€5,932 | -€6,251 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.