DR VENET: 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.
DR VENET
Largest movements
- Cash +€37,601
up €37,601 (+23.6%), from €159,228 to €196,829
mainly Net result for the year (+€120,793) and Depreciation (+€67,264)
- Tangible fixed assets +€35,472
up €35,472 (+4.5%), from €785,474 to €820,946
of which Furniture and vehicles: +€68,330
- Receivables within one year +€23,892
new in 2025: €23,892
- Reserves +€120,793
up €120,793 (+29.6%), from €408,444 to €529,237
of which Distributable reserves: +€120,793
- Tax, wage and social debts -€39,351
down €39,351 (-85.0%), from €46,283 to €6,932
- Debts after one year +€11,802
up €11,802 (+2.7%), from €430,246 to €442,048
of which Financial debts: +€11,802
- Current portion of long-term debt +€11,147
up €11,147 (+24.9%), from €44,713 to €55,860
- Gross operating margin -€22,095
down €22,095 (-7.9%), from €280,609 to €258,514
- Taxes -€10,803
down €10,803 (-17.1%), from €63,107 to €52,304
- Depreciation +€7,741
up €7,741 (+13.0%), from €59,523 to €67,264
- Other operating charges +€2,934
up €2,934 (+31.8%), from €9,223 to €12,157
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.
Cash bridge derived
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 | €957,163 | €1,053,834 | +€96,672 | +10.1% |
| Fixed assets | 21/28 | €785,474 | €820,946 | +€35,472 | +4.5% |
| Tangible fixed assets | 22/27 | €785,474 | €820,946 | +€35,472 | +4.5% |
| Land and buildings | 22 | €640,141 | €600,570 | -€39,571 | -6.2% |
| Plant, machinery and equipment | 23 | €123,547 | €130,260 | +€6,713 | +5.4% |
| Furniture and vehicles | 24 | €21,786 | €90,116 | +€68,330 | +313.6% |
| Current assets | 29/58 | €171,689 | €232,888 | +€61,200 | +35.6% |
| Amounts receivable within one year | 40/41 | - | €23,892 | +€23,892 | |
| Other amounts receivable | 41 | - | €23,892 | +€23,892 | |
| Cash at bank and in hand | 54/58 | €159,228 | €196,829 | +€37,601 | +23.6% |
| Deferred charges and accrued income | 490/1 | €12,460 | €12,167 | -€293 | -2.4% |
| Total equity and liabilities | 10/49 | €957,163 | €1,053,834 | +€96,672 | +10.1% |
| Equity | 10/15 | €420,844 | €541,637 | +€120,793 | +28.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €408,444 | €529,237 | +€120,793 | +29.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €406,584 | €527,377 | +€120,793 | +29.7% |
| Amounts payable | 17/49 | €536,319 | €512,197 | -€24,122 | -4.5% |
| Amounts payable after more than one year | 17 | €430,246 | €442,048 | +€11,802 | +2.7% |
| Financial debts | 170/4 | €423,926 | €435,728 | +€11,802 | +2.8% |
| Other amounts payable | 178/9 | €6,320 | €6,320 | = | 0.0% |
| Amounts payable within one year | 42/48 | €100,212 | €66,421 | -€33,792 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €44,713 | €55,860 | +€11,147 | +24.9% |
| Trade debts | 44 | €2,279 | €3,629 | +€1,350 | +59.2% |
| Suppliers | 440/4 | €2,279 | €3,629 | +€1,350 | +59.2% |
| Taxes, remuneration and social security | 45 | €46,283 | €6,932 | -€39,351 | -85.0% |
| Taxes | 450/3 | €46,283 | €6,932 | -€39,351 | -85.0% |
| Other amounts payable | 47/48 | €6,938 | - | -€6,938 | |
| Accrued charges and deferred income | 492/3 | €5,861 | €3,729 | -€2,132 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,523 | €67,264 | +€7,741 | +13.0% |
| Other operating charges | 640/8 | €9,223 | €12,157 | +€2,934 | +31.8% |
| Gross operating margin | 9900 | €280,609 | €258,514 | -€22,095 | -7.9% |
| Operating profit (loss) | 9901 | €211,862 | €179,093 | -€32,769 | -15.5% |
| Financial income | 75/76B | €825 | €1,691 | +€866 | +105.0% |
| Recurring financial income | 75 | €825 | €1,691 | +€866 | +105.0% |
| Financial charges | 65/66B | €9,354 | €7,687 | -€1,667 | -17.8% |
| Recurring financial charges | 65 | €9,354 | €7,687 | -€1,667 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €203,333 | €173,097 | -€30,236 | -14.9% |
| Income taxes | 67/77 | €63,107 | €52,304 | -€10,803 | -17.1% |
| Profit (loss) for the period | 9904 | €140,226 | €120,793 | -€19,433 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €140,226 | €120,793 | -€19,433 | -13.9% |
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 11 October 2026 via checked.be.