VERSTUYFT: 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.
VERSTUYFT
Largest movements
- Receivables within one year -€2,275
down €2,275 (-2.8%), from €82,210 to €79,936
of which Trade receivables: -€14,000
- Cash +€2,092
up €2,092 (+99.5%), from €2,102 to €4,194
mainly Trade debts (+€12,733) and Net result for the year (+€4,918)
- Tangible fixed assets -€1,279
down €1,279 (-29.5%), from €4,330 to €3,050
of which Plant, machinery and equipment: -€829
- Trade debts +€12,733
up €12,733 (+12,460%), from €102 to €12,835
- Current portion of long-term debt -€11,808
down €11,808 (-100%), from €11,808 to €0
- Accrued charges and deferred income -€8,657
down €8,657 (-87.0%), from €9,956 to €1,299
- Profit (loss) carried forward +€4,918
up €4,918 (+11.2%), from €43,954 to €48,872
- Tax, wage and social debts +€1,358
up €1,358 (+49.4%), from €2,750 to €4,109
- Gross operating margin -€27,742
down €27,742 (-52.9%), from €52,399 to €24,658
- Write-downs +€14,000
up €14,000, from €0 to €14,000
- Depreciation -€5,685
down €5,685 (-81.6%), from €6,964 to €1,279
- Other operating charges -€1,429
down €1,429 (-39.2%), from €3,649 to €2,220
- Taxes -€996
down €996 (-39.0%), from €2,552 to €1,556
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,032 | €87,575 | -€1,456 | -1.6% |
| Fixed assets | 21/28 | €4,593 | €3,313 | -€1,279 | -27.9% |
| Tangible fixed assets | 22/27 | €4,330 | €3,050 | -€1,279 | -29.5% |
| Land and buildings | 22 | €1,410 | €1,209 | -€201 | -14.3% |
| Plant, machinery and equipment | 23 | €2,671 | €1,842 | -€829 | -31.0% |
| Furniture and vehicles | 24 | €249 | €0 | -€249 | -100% |
| Financial fixed assets | 28 | €263 | €263 | = | 0.0% |
| Current assets | 29/58 | €84,439 | €84,262 | -€177 | -0.2% |
| Amounts receivable within one year | 40/41 | €82,210 | €79,936 | -€2,275 | -2.8% |
| Trade receivables | 40 | €16,350 | €2,350 | -€14,000 | -85.6% |
| Other amounts receivable | 41 | €65,860 | €77,586 | +€11,726 | +17.8% |
| Cash at bank and in hand | 54/58 | €2,102 | €4,194 | +€2,092 | +99.5% |
| Deferred charges and accrued income | 490/1 | €127 | €132 | +€5 | +4.1% |
| Total equity and liabilities | 10/49 | €89,032 | €87,575 | -€1,456 | -1.6% |
| Equity | 10/15 | €64,414 | €69,332 | +€4,918 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,954 | €48,872 | +€4,918 | +11.2% |
| Amounts payable | 17/49 | €24,617 | €18,243 | -€6,374 | -25.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,661 | €16,944 | +€2,283 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €11,808 | €0 | -€11,808 | -100% |
| Trade debts | 44 | €102 | €12,835 | +€12,733 | +12,460% |
| Suppliers | 440/4 | €102 | €12,835 | +€12,733 | +12,460% |
| Taxes, remuneration and social security | 45 | €2,750 | €4,109 | +€1,358 | +49.4% |
| Taxes | 450/3 | €2,750 | €4,109 | +€1,358 | +49.4% |
| Accrued charges and deferred income | 492/3 | €9,956 | €1,299 | -€8,657 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,964 | €1,279 | -€5,685 | -81.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €14,000 | +€14,000 | |
| Other operating charges | 640/8 | €3,649 | €2,220 | -€1,429 | -39.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €52,399 | €24,658 | -€27,742 | -52.9% |
| Operating profit (loss) | 9901 | €41,786 | €7,158 | -€34,628 | -82.9% |
| Financial income | 75/76B | €686 | €21 | -€665 | -96.9% |
| Recurring financial income | 75 | €40 | €21 | -€18 | -45.7% |
| Non-recurring financial income | 76B | €647 | €0 | -€647 | -100% |
| Financial charges | 65/66B | €846 | €705 | -€141 | -16.7% |
| Recurring financial charges | 65 | €846 | €705 | -€141 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €41,626 | €6,474 | -€35,152 | -84.4% |
| Income taxes | 67/77 | €2,552 | €1,556 | -€996 | -39.0% |
| Profit (loss) for the period | 9904 | €39,074 | €4,918 | -€34,156 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,074 | €4,918 | -€34,156 | -87.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.