VIERSTRAETE-IDE: what changed
VIERSTRAETE-IDE
Largest movements
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Receivables within one year +€240,705
up €240,705 (+832%), from €28,919 to €269,624
of which Other amounts receivable: +€228,807
- Cash -€56,408
down €56,408 (-37.5%), from €150,442 to €94,034
mainly Receivables within one year (-€240,705) and Debts after one year (-€136,561)
- Stocks and contracts -€16,357
down €16,357 (-3.8%), from €430,669 to €414,312
- Debts after one year -€136,561
down €136,561 (-65.2%), from €209,527 to €72,966
- Reserves -€127,862
down €127,862 (-16.3%), from €786,186 to €658,324
of which Distributable reserves: -€127,862
- Tax, wage and social debts -€23,590
down €23,590 (-67.7%), from €34,849 to €11,259
of which Taxes: -€25,857
- Taxes -€43,286
down €43,286 (-92.8%), from €46,630 to €3,344
- Gross operating margin -€26,619
down €26,619 (-17.2%), from €154,912 to €128,293
- Financial charges +€2,187
up €2,187 (+40.6%), from €5,390 to €7,577
- Financial income +€1,830
up €1,830 (+24.0%), from €7,637 to €9,467
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,103,159 | €817,799 | -€285,359 | -25.9% |
| Fixed assets | 21/28 | €32,094 | €23,604 | -€8,491 | -26.5% |
| Tangible fixed assets | 22/27 | €32,089 | €23,604 | -€8,486 | -26.4% |
| Land and buildings | 22 | €18,625 | €13,969 | -€4,656 | -25.0% |
| Plant, machinery and equipment | 23 | €13,464 | €9,635 | -€3,829 | -28.4% |
| Financial fixed assets | 28 | €5 | - | -€5 | |
| Current assets | 29/58 | €1,071,064 | €794,196 | -€276,868 | -25.8% |
| Stocks and contracts in progress | 3 | €430,669 | €414,312 | -€16,357 | -3.8% |
| Stocks | 30/36 | €430,669 | €414,312 | -€16,357 | -3.8% |
| Amounts receivable within one year | 40/41 | €28,919 | €269,624 | +€240,705 | +832% |
| Trade receivables | 40 | €17,930 | €29,828 | +€11,899 | +66.4% |
| Other amounts receivable | 41 | €10,990 | €239,796 | +€228,807 | +2,082% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €150,442 | €94,034 | -€56,408 | -37.5% |
| Deferred charges and accrued income | 490/1 | €11,035 | €16,226 | +€5,191 | +47.0% |
| Total equity and liabilities | 10/49 | €1,103,159 | €817,799 | -€285,359 | -25.9% |
| Equity | 10/15 | €848,686 | €720,824 | -€127,862 | -15.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €786,186 | €658,324 | -€127,862 | -16.3% |
| Non-distributable reserves | 130/1 | €44,050 | €44,050 | = | 0.0% |
| Legal reserve | 130 | €44,050 | €44,050 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,181 | €2,181 | = | 0.0% |
| Distributable reserves | 133 | €739,954 | €612,092 | -€127,862 | -17.3% |
| Amounts payable | 17/49 | €254,473 | €96,976 | -€157,497 | -61.9% |
| Amounts payable after more than one year | 17 | €209,527 | €72,966 | -€136,561 | -65.2% |
| Other amounts payable | 178/9 | €209,527 | €72,966 | -€136,561 | -65.2% |
| Amounts payable within one year | 42/48 | €34,849 | €14,162 | -€20,687 | -59.4% |
| Trade debts | 44 | - | €2,903 | +€2,903 | |
| Suppliers | 440/4 | - | €2,903 | +€2,903 | |
| Taxes, remuneration and social security | 45 | €34,849 | €11,259 | -€23,590 | -67.7% |
| Taxes | 450/3 | €32,617 | €6,760 | -€25,857 | -79.3% |
| Remuneration and social security | 454/9 | €2,231 | €4,499 | +€2,267 | +102% |
| Accrued charges and deferred income | 492/3 | €10,098 | €9,848 | -€250 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,824 | €9,628 | -€196 | -2.0% |
| Other operating charges | 640/8 | €2,832 | €2,934 | +€102 | +3.6% |
| Non-recurring operating charges | 66A | - | €105,959 | +€105,959 | |
| Gross operating margin | 9900 | €154,912 | €128,293 | -€26,619 | -17.2% |
| Operating profit (loss) | 9901 | €142,256 | €9,772 | -€132,484 | -93.1% |
| Financial income | 75/76B | €7,637 | €9,467 | +€1,830 | +24.0% |
| Recurring financial income | 75 | €7,637 | €9,467 | +€1,830 | +24.0% |
| Financial charges | 65/66B | €5,390 | €7,577 | +€2,187 | +40.6% |
| Recurring financial charges | 65 | €5,390 | €7,577 | +€2,187 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €144,503 | €11,662 | -€132,840 | -91.9% |
| Income taxes | 67/77 | €46,630 | €3,344 | -€43,286 | -92.8% |
| Profit (loss) for the period | 9904 | €97,872 | €8,318 | -€89,554 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,872 | €8,318 | -€89,554 | -91.5% |
Next steps
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 7 November 2026 via checked.be.