VIERSTRAETE-VERSCHAEVE: what changed
What changed
VIERSTRAETE-VERSCHAEVE
NACE 47.632, Retail sale of bicycles
filed annual accounts (NBB)
Net result for the year
€13,786
2024 · -€39,357+€53,143
Equity
-€70,853
2024 · -€84,638+€13,786
Cash
€5,291
2024 · €5,364-€72
Balance sheet total
€300,907
2024 · €297,765+€3,142
Largest movements
Assets
- Receivables within one year +€4,441
up €4,441 (+41.4%), from €10,720 to €15,160
of which Trade receivables: +€4,441
Equity and liabilities
- Short-term financial debts -€42,896
no longer reported in 2025 (was €42,896)
- Current portion of long-term debt +€32,256
up €32,256 (+11.9%), from €270,984 to €303,240
- Profit (loss) carried forward +€13,786
up €13,786 (+8.2%), from -€168,355 to -€154,569
- Tax, wage and social debts +€8,561
up €8,561 (+682%), from €1,255 to €9,817
- Debts after one year -€5,294
down €5,294 (-19.4%), from €27,314 to €22,021
Income statement
- Gross operating margin +€34,824
up €34,824 (+544%), from €6,402 to €41,226
- Financial charges -€17,702
down €17,702 (-60.2%), from €29,398 to €11,697
- Financial income -€1,153
down €1,153 (-99.9%), from €1,153 to €1
- Other operating charges -€1,150
down €1,150 (-34.8%), from €3,303 to €2,154
- Depreciation -€579
down €579 (-4.1%), from €14,169 to €13,591
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
-€39,357
Gross operating margin
+€34,824
Depreciation
+€579
Other operating charges
+€1,150
Financial income
-€1,153
Financial charges
+€17,702
Taxes
+€41
Result 2025
€13,786
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
+€29,016
Investment
-€13,155
Financing
-€15,934
Cash 2024
€5,364
From operations (derived)
+€29,016
Net result for the year
+€13,786
Depreciation
+€13,591
Stocks and contracts
+€790
Receivables within one year
-€4,441
Trade debts
-€590
Tax, wage and social debts
+€8,561
Other debts
-€2,680
Investment (derived)
-€13,155
Investment in fixed assets (net)
-€13,155
Financing
-€15,934
Debts after one year
-€5,294
Current portion of long-term debt
+€32,256
Short-term financial debts
-€42,896
Cash 2025
€5,291
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,765 | €300,907 | +€3,142 | +1.1% |
| Fixed assets | 21/28 | €276,423 | €275,987 | -€436 | -0.2% |
| Tangible fixed assets | 22/27 | €276,423 | €275,987 | -€436 | -0.2% |
| Land and buildings | 22 | €269,070 | €259,200 | -€9,870 | -3.7% |
| Plant, machinery and equipment | 23 | €590 | - | -€590 | |
| Furniture and vehicles | 24 | €6,762 | €16,787 | +€10,024 | +148% |
| Current assets | 29/58 | €21,342 | €24,920 | +€3,578 | +16.8% |
| Stocks and contracts in progress | 3 | €5,131 | €4,341 | -€790 | -15.4% |
| Stocks | 30/36 | €5,131 | €4,341 | -€790 | -15.4% |
| Amounts receivable within one year | 40/41 | €10,720 | €15,160 | +€4,441 | +41.4% |
| Trade receivables | 40 | €10,646 | €15,086 | +€4,441 | +41.7% |
| Other amounts receivable | 41 | €74 | €74 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,364 | €5,291 | -€72 | -1.4% |
| Deferred charges and accrued income | 490/1 | €128 | €128 | = | 0.0% |
| Total equity and liabilities | 10/49 | €297,765 | €300,907 | +€3,142 | +1.1% |
| Equity | 10/15 | -€84,638 | -€70,853 | +€13,786 | +16.3% |
| Contributions | 10/11 | €83,716 | €83,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,355 | -€154,569 | +€13,786 | +8.2% |
| Amounts payable | 17/49 | €382,403 | €371,760 | -€10,643 | -2.8% |
| Amounts payable after more than one year | 17 | €27,314 | €22,021 | -€5,294 | -19.4% |
| Financial debts | 170/4 | €27,314 | €22,021 | -€5,294 | -19.4% |
| Amounts payable within one year | 42/48 | €355,089 | €349,739 | -€5,350 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €270,984 | €303,240 | +€32,256 | +11.9% |
| Financial debts | 43 | €42,896 | - | -€42,896 | |
| Credit institutions | 430/8 | €42,896 | - | -€42,896 | |
| Trade debts | 44 | €36,388 | €35,798 | -€590 | -1.6% |
| Suppliers | 440/4 | €36,388 | €35,798 | -€590 | -1.6% |
| Taxes, remuneration and social security | 45 | €1,255 | €9,817 | +€8,561 | +682% |
| Taxes | 450/3 | €1,255 | €9,817 | +€8,561 | +682% |
| Other amounts payable | 47/48 | €3,565 | €885 | -€2,680 | -75.2% |
| Non-recurring operating income | 76A | - | €1,134 | +€1,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,169 | €13,591 | -€579 | -4.1% |
| Other operating charges | 640/8 | €3,303 | €2,154 | -€1,150 | -34.8% |
| Gross operating margin | 9900 | €6,402 | €41,226 | +€34,824 | +544% |
| Operating profit (loss) | 9901 | -€11,071 | €25,482 | +€36,553 | |
| Financial income | 75/76B | €1,153 | €1 | -€1,153 | -99.9% |
| Recurring financial income | 75 | €1,153 | €1 | -€1,153 | -99.9% |
| Financial charges | 65/66B | €29,398 | €11,697 | -€17,702 | -60.2% |
| Recurring financial charges | 65 | €29,398 | €11,697 | -€17,702 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,316 | €13,786 | +€53,102 | |
| Income taxes | 67/77 | €41 | - | -€41 | |
| Profit (loss) for the period | 9904 | -€39,357 | €13,786 | +€53,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,357 | €13,786 | +€53,143 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.