Thomas Ven: what changed
Two fiscal 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.
Thomas Ven
Largest movements
- Financial fixed assets +€20,021
new in 2025: €20,021
- Cash +€16,828
up €16,828 (+24.3%), from €69,275 to €86,103
mainly Net result for the year (+€52,518) and Other debts (+€27,901)
- Tangible fixed assets +€14,794
up €14,794 (+44.6%), from €33,140 to €47,934
of which Other tangible fixed assets: +€13,865
- Current investments -€13,850
down €13,850 (-7.9%), from €175,243 to €161,393
- Receivables within one year +€9,216
up €9,216 (+70.4%), from €13,093 to €22,309
of which Trade receivables: +€5,890
- Other debts +€27,901
up €27,901 (+68.4%), from €40,763 to €68,664
- Reserves +€19,188
up €19,188 (+8.1%), from €235,864 to €255,052
- Gross operating margin +€17,434
up €17,434 (+29.9%), from €58,295 to €75,729
- Taxes +€5,025
up €5,025 (+30.9%), from €16,262 to €21,287
- Financial income +€3,280
up €3,280 (+79.2%), from €4,144 to €7,424
- Financial charges -€2,403
down €2,403 (-72.7%), from €3,305 to €902
- Other operating charges +€759
up €759 (+99.6%), from €762 to €1,522
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 | €290,952 | €338,695 | +€47,743 | +16.4% |
| Fixed assets | 21/28 | €33,140 | €67,956 | +€34,815 | +105.1% |
| Tangible fixed assets | 22/27 | €33,140 | €47,934 | +€14,794 | +44.6% |
| Plant, machinery and equipment | 23 | €478 | €1,428 | +€951 | +199.1% |
| Furniture and vehicles | 24 | €22 | €0 | -€22 | -100.0% |
| Other tangible fixed assets | 26 | €32,641 | €46,506 | +€13,865 | +42.5% |
| Financial fixed assets | 28 | - | €20,021 | +€20,021 | |
| Current assets | 29/58 | €257,812 | €270,739 | +€12,927 | +5.0% |
| Amounts receivable within one year | 40/41 | €13,093 | €22,309 | +€9,216 | +70.4% |
| Trade receivables | 40 | €13,093 | €18,983 | +€5,890 | +45.0% |
| Other amounts receivable | 41 | - | €3,326 | +€3,326 | |
| Current investments | 50/53 | €175,243 | €161,393 | -€13,850 | -7.9% |
| Cash at bank and in hand | 54/58 | €69,275 | €86,103 | +€16,828 | +24.3% |
| Deferred charges and accrued income | 490/1 | €200 | €933 | +€733 | +366.5% |
| Total equity and liabilities | 10/49 | €290,952 | €338,695 | +€47,743 | +16.4% |
| Equity | 10/15 | €248,264 | €267,452 | +€19,188 | +7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €235,864 | €255,052 | +€19,188 | +8.1% |
| Distributable reserves | 133 | €235,864 | €255,052 | +€19,188 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,688 | €71,243 | +€28,555 | +66.9% |
| Amounts payable within one year | 42/48 | €42,688 | €71,243 | +€28,555 | +66.9% |
| Trade debts | 44 | €552 | €26 | -€526 | -95.3% |
| Suppliers | 440/4 | €552 | €26 | -€526 | -95.3% |
| Taxes, remuneration and social security | 45 | €1,373 | €2,553 | +€1,180 | +85.9% |
| Taxes | 450/3 | €1,373 | €2,553 | +€1,180 | +85.9% |
| Other amounts payable | 47/48 | €40,763 | €68,664 | +€27,901 | +68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,168 | €6,923 | +€755 | +12.2% |
| Other operating charges | 640/8 | €762 | €1,522 | +€759 | +99.6% |
| Gross operating margin | 9900 | €58,295 | €75,729 | +€17,434 | +29.9% |
| Operating profit (loss) | 9901 | €51,364 | €67,284 | +€15,919 | +31.0% |
| Financial income | 75/76B | €4,144 | €7,424 | +€3,280 | +79.2% |
| Recurring financial income | 75 | €4,144 | €7,424 | +€3,280 | +79.2% |
| Financial charges | 65/66B | €3,305 | €902 | -€2,403 | -72.7% |
| Recurring financial charges | 65 | €3,305 | €902 | -€2,403 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €52,203 | €73,806 | +€21,603 | +41.4% |
| Income taxes | 67/77 | €16,262 | €21,287 | +€5,025 | +30.9% |
| Profit (loss) for the period | 9904 | €35,941 | €52,518 | +€16,578 | +46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,941 | €52,518 | +€16,578 | +46.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.