Ven40: 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.
Ven40
Largest movements
- Tangible fixed assets -€77,446
down €77,446 (-24.2%), from €320,167 to €242,721
of which Furniture and vehicles: -€51,445
- Receivables within one year -€16,690
down €16,690 (-89.2%), from €18,710 to €2,020
of which Trade receivables: -€17,521
- Stocks and contracts +€11,560
new in 2025: €11,560
- Cash +€9,463
new in 2025: €9,463
mainly Other debts (+€139,832) and Depreciation (+€83,707)
- Profit (loss) carried forward -€193,410
down €193,410 (-236.5%), from -€81,776 to -€275,186
- Other debts +€139,832
up €139,832 (+63.1%), from €221,751 to €361,583
- Trade debts -€13,827
down €13,827 (-75.7%), from €18,266 to €4,440
- Taxes +€44,102
up €44,102 (+9603.2%), from €459 to €44,561
- Other operating charges +€33,870
up €33,870 (+2533.2%), from €1,337 to €35,208
- Gross operating margin +€6,591
up €6,591 (+40.0%), from -€16,477 to -€9,886
- Depreciation +€4,649
up €4,649 (+5.9%), from €79,058 to €83,707
- Staff costs +€1,160
up €1,160 (+6.2%), from €18,632 to €19,792
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 | €345,837 | €274,187 | -€71,650 | -20.7% |
| Fixed assets | 21/28 | €320,167 | €242,721 | -€77,446 | -24.2% |
| Tangible fixed assets | 22/27 | €320,167 | €242,721 | -€77,446 | -24.2% |
| Land and buildings | 22 | €90,040 | €67,708 | -€22,332 | -24.8% |
| Plant, machinery and equipment | 23 | €50,303 | €43,634 | -€6,669 | -13.3% |
| Furniture and vehicles | 24 | €166,738 | €115,293 | -€51,445 | -30.9% |
| Other tangible fixed assets | 26 | €13,086 | €16,086 | +€3,000 | +22.9% |
| Current assets | 29/58 | €25,669 | €31,466 | +€5,797 | +22.6% |
| Stocks and contracts in progress | 3 | - | €11,560 | +€11,560 | |
| Stocks | 30/36 | - | €11,560 | +€11,560 | |
| Amounts receivable within one year | 40/41 | €18,710 | €2,020 | -€16,690 | -89.2% |
| Trade receivables | 40 | €18,710 | €1,189 | -€17,521 | -93.6% |
| Other amounts receivable | 41 | - | €831 | +€831 | |
| Cash at bank and in hand | 54/58 | - | €9,463 | +€9,463 | |
| Deferred charges and accrued income | 490/1 | €6,960 | €8,423 | +€1,464 | +21.0% |
| Total equity and liabilities | 10/49 | €345,837 | €274,187 | -€71,650 | -20.7% |
| Equity | 10/15 | €97,945 | -€95,465 | -€193,410 | |
| Contributions | 10/11 | €67,900 | €67,900 | = | 0.0% |
| Reserves | 13 | €111,821 | €111,821 | = | 0.0% |
| Distributable reserves | 133 | €111,821 | €111,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,776 | -€275,186 | -€193,410 | -236.5% |
| Amounts payable | 17/49 | €247,892 | €369,652 | +€121,761 | +49.1% |
| Amounts payable within one year | 42/48 | €247,892 | €369,652 | +€121,761 | +49.1% |
| Financial debts | 43 | €1,879 | - | -€1,879 | |
| Credit institutions | 430/8 | €1,879 | - | -€1,879 | |
| Trade debts | 44 | €18,266 | €4,440 | -€13,827 | -75.7% |
| Suppliers | 440/4 | €18,266 | €4,440 | -€13,827 | -75.7% |
| Taxes, remuneration and social security | 45 | €5,996 | €3,630 | -€2,366 | -39.5% |
| Taxes | 450/3 | €3,549 | €1,143 | -€2,406 | -67.8% |
| Remuneration and social security | 454/9 | €2,447 | €2,487 | +€40 | +1.6% |
| Other amounts payable | 47/48 | €221,751 | €361,583 | +€139,832 | +63.1% |
| Non-recurring operating income | 76A | €17,000 | €76,272 | +€59,272 | +348.7% |
| Remuneration, social security and pensions | 62 | €18,632 | €19,792 | +€1,160 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,058 | €83,707 | +€4,649 | +5.9% |
| Other operating charges | 640/8 | €1,337 | €35,208 | +€33,870 | +2533.2% |
| Gross operating margin | 9900 | -€16,477 | -€9,886 | +€6,591 | +40.0% |
| Operating profit (loss) | 9901 | -€115,504 | -€148,593 | -€33,089 | -28.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +17500.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +17500.0% |
| Financial charges | 65/66B | €292 | €258 | -€34 | -11.7% |
| Recurring financial charges | 65 | €292 | €258 | -€34 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€115,796 | -€148,849 | -€33,053 | -28.5% |
| Income taxes | 67/77 | €459 | €44,561 | +€44,102 | +9603.2% |
| Profit (loss) for the period | 9904 | -€116,255 | -€193,410 | -€77,155 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,255 | -€193,410 | -€77,155 | -66.4% |
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 4 October 2026 via checked.be.