DE VENNEN: 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.
DE VENNEN
Largest movements
- Current investments +€2.7m
new in 2025: €2.7m
- Cash +€148,314
up €148,314 (+50.4%), from €294,266 to €442,580
mainly Debts after one year (+€3.0m) and Depreciation (+€18,152)
- Tangible fixed assets +€74,948
up €74,948 (+2,189%), from €3,424 to €78,372
- Financial fixed assets +€68,711
up €68,711 (+3.8%), from €1.8m to €1.9m
- Debts after one year +€3.0m
new in 2025: €3.0m
- Gross operating margin +€21,346
up €21,346 (+39.2%), from -€54,412 to -€33,066
- Depreciation +€16,535
up €16,535 (+1,023%), from €1,616 to €18,152
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 | €2,129,174 | €5,110,393 | +€3.0m | +140% |
| Fixed assets | 21/28 | €1,789,378 | €1,933,036 | +€143,658 | +8.0% |
| Tangible fixed assets | 22/27 | €3,424 | €78,372 | +€74,948 | +2,189% |
| Furniture and vehicles | 24 | €3,424 | €78,372 | +€74,948 | +2,189% |
| Financial fixed assets | 28 | €1,785,953 | €1,854,664 | +€68,711 | +3.8% |
| Current assets | 29/58 | €339,796 | €3,177,357 | +€2.8m | +835% |
| Amounts receivable within one year | 40/41 | €45,496 | €28,536 | -€16,960 | -37.3% |
| Trade receivables | 40 | €44,271 | €26,841 | -€17,430 | -39.4% |
| Other amounts receivable | 41 | €1,225 | €1,695 | +€470 | +38.4% |
| Current investments | 50/53 | - | €2,700,255 | +€2.7m | |
| Cash at bank and in hand | 54/58 | €294,266 | €442,580 | +€148,314 | +50.4% |
| Deferred charges and accrued income | 490/1 | €34 | €5,986 | +€5,952 | +17,475% |
| Total equity and liabilities | 10/49 | €2,129,174 | €5,110,393 | +€3.0m | +140% |
| Equity | 10/15 | €2,062,500 | €2,076,292 | +€13,792 | +0.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €1,997,500 | €2,011,292 | +€13,792 | +0.7% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €1,991,000 | €2,004,792 | +€13,792 | +0.7% |
| Amounts payable | 17/49 | €66,673 | €3,034,101 | +€3.0m | +4,451% |
| Amounts payable after more than one year | 17 | - | €3,000,069 | +€3.0m | |
| Financial debts | 170/4 | - | €3,000,069 | +€3.0m | |
| Amounts payable within one year | 42/48 | €66,673 | €34,032 | -€32,641 | -49.0% |
| Trade debts | 44 | €52,410 | €33,593 | -€18,817 | -35.9% |
| Suppliers | 440/4 | €52,410 | €33,593 | -€18,817 | -35.9% |
| Taxes, remuneration and social security | 45 | - | €439 | +€439 | |
| Taxes | 450/3 | - | €439 | +€439 | |
| Other amounts payable | 47/48 | €14,263 | - | -€14,263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,616 | €18,152 | +€16,535 | +1,023% |
| Other operating charges | 640/8 | €1,086 | €1,240 | +€154 | +14.2% |
| Gross operating margin | 9900 | -€54,412 | -€33,066 | +€21,346 | +39.2% |
| Operating profit (loss) | 9901 | -€57,114 | -€52,457 | +€4,656 | +8.2% |
| Financial income | 75/76B | €67,013 | €66,915 | -€98 | -0.1% |
| Recurring financial income | 75 | €67,013 | €66,915 | -€98 | -0.1% |
| Financial charges | 65/66B | €185 | €468 | +€283 | +152% |
| Recurring financial charges | 65 | €185 | €468 | +€283 | +152% |
| Profit (loss) for the period before taxes | 9903 | €9,714 | €13,989 | +€4,275 | +44.0% |
| Income taxes | 67/77 | - | €198 | +€198 | |
| Profit (loss) for the period | 9904 | €9,714 | €13,792 | +€4,078 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,714 | €13,792 | +€4,078 | +42.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.