SUPER VENI: 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.
SUPER VENI
Largest movements
- Stocks and contracts -€753,610
down €753,610 (-72.7%), from €1.0m to €282,911
- Current investments -€129,394
down €129,394 (-10.7%), from €1.2m to €1.1m
- Tangible fixed assets -€75,455
down €75,455 (-6.6%), from €1.1m to €1.1m
of which Land and buildings: -€68,940
- Receivables within one year -€52,700
down €52,700 (-44.4%), from €118,684 to €65,984
of which Other amounts receivable: -€52,043
- Contributions -€1.1m
down €1.1m (-59.3%), from €1.9m to €753,254
- Reserves +€95,583
up €95,583 (+5.7%), from €1.7m to €1.8m
of which Distributable reserves: +€95,583
- Financial income -€109,252
down €109,252 (-52.6%), from €207,507 to €98,255
- Gross operating margin +€46,960
up €46,960 (+43.2%), from €108,829 to €155,789
- Financial charges -€36,924
down €36,924 (-70.0%), from €52,767 to €15,843
- Other operating charges +€13,986
up €13,986 (+60.7%), from €23,039 to €37,025
- Taxes +€12,439
up €12,439 (+81.7%), from €15,234 to €27,673
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 | €3,588,717 | €2,562,398 | -€1.0m | -28.6% |
| Fixed assets | 21/28 | €1,136,844 | €1,061,388 | -€75,455 | -6.6% |
| Tangible fixed assets | 22/27 | €1,136,344 | €1,060,888 | -€75,455 | -6.6% |
| Land and buildings | 22 | €1,115,176 | €1,046,236 | -€68,940 | -6.2% |
| Plant, machinery and equipment | 23 | €10,934 | €9,426 | -€1,508 | -13.8% |
| Furniture and vehicles | 24 | €10,234 | €5,227 | -€5,007 | -48.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €2,451,874 | €1,501,010 | -€950,864 | -38.8% |
| Amounts receivable after more than one year | 29 | €13,730 | - | -€13,730 | |
| Other amounts receivable | 291 | €13,730 | - | -€13,730 | |
| Stocks and contracts in progress | 3 | €1,036,521 | €282,911 | -€753,610 | -72.7% |
| Stocks | 30/36 | €1,036,521 | €282,911 | -€753,610 | -72.7% |
| Amounts receivable within one year | 40/41 | €118,684 | €65,984 | -€52,700 | -44.4% |
| Trade receivables | 40 | €676 | €19 | -€657 | -97.1% |
| Other amounts receivable | 41 | €118,007 | €65,964 | -€52,043 | -44.1% |
| Current investments | 50/53 | €1,208,395 | €1,079,002 | -€129,394 | -10.7% |
| Cash at bank and in hand | 54/58 | €60,547 | €62,150 | +€1,603 | +2.6% |
| Deferred charges and accrued income | 490/1 | €13,997 | €10,963 | -€3,034 | -21.7% |
| Total equity and liabilities | 10/49 | €3,588,717 | €2,562,398 | -€1.0m | -28.6% |
| Equity | 10/15 | €3,536,245 | €2,533,827 | -€1.0m | -28.3% |
| Contributions | 10/11 | €1,851,254 | €753,254 | -€1.1m | -59.3% |
| Capital | 10 | €1,851,254 | €753,254 | -€1.1m | -59.3% |
| Issued capital | 100 | €1,851,254 | €753,254 | -€1.1m | -59.3% |
| Reserves | 13 | €1,684,990 | €1,780,573 | +€95,583 | +5.7% |
| Non-distributable reserves | 130/1 | €122,426 | €122,426 | = | 0.0% |
| Legal reserve | 130 | €122,426 | €122,426 | = | 0.0% |
| Distributable reserves | 133 | €1,562,564 | €1,658,147 | +€95,583 | +6.1% |
| Amounts payable | 17/49 | €52,473 | €28,571 | -€23,902 | -45.6% |
| Amounts payable after more than one year | 17 | €4,167 | - | -€4,167 | |
| Trade debts | 175 | €4,167 | - | -€4,167 | |
| Amounts payable within one year | 42/48 | €46,940 | €27,205 | -€19,735 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €4,422 | €4,510 | +€88 | +2.0% |
| Trade debts | 44 | €5,355 | €4,492 | -€863 | -16.1% |
| Suppliers | 440/4 | €5,355 | €4,492 | -€863 | -16.1% |
| Taxes, remuneration and social security | 45 | €15,192 | €10,019 | -€5,174 | -34.1% |
| Taxes | 450/3 | €15,192 | €10,019 | -€5,174 | -34.1% |
| Other amounts payable | 47/48 | €21,971 | €8,185 | -€13,786 | -62.7% |
| Accrued charges and deferred income | 492/3 | €1,366 | €1,366 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,832 | €81,139 | +€307 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,219 | -€3,219 | |
| Other operating charges | 640/8 | €23,039 | €37,025 | +€13,986 | +60.7% |
| Gross operating margin | 9900 | €108,829 | €155,789 | +€46,960 | +43.2% |
| Operating profit (loss) | 9901 | €4,957 | €40,844 | +€35,886 | +724% |
| Financial income | 75/76B | €207,507 | €98,255 | -€109,252 | -52.6% |
| Recurring financial income | 75 | €207,507 | €98,255 | -€109,252 | -52.6% |
| Financial charges | 65/66B | €52,767 | €15,843 | -€36,924 | -70.0% |
| Recurring financial charges | 65 | €52,767 | €15,843 | -€36,924 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €159,697 | €123,256 | -€36,442 | -22.8% |
| Income taxes | 67/77 | €15,234 | €27,673 | +€12,439 | +81.7% |
| Profit (loss) for the period | 9904 | €144,463 | €95,583 | -€48,881 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €144,463 | €95,583 | -€48,881 | -33.8% |
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 20 October 2026 via checked.be.