VENACAI: 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.
VENACAI
Largest movements
- Tangible fixed assets -€22,882
down €22,882 (-17.7%), from €128,927 to €106,045
of which Land and buildings: -€20,689
- Cash -€3,115
down €3,115 (-75.8%), from €4,112 to €997
mainly Net result for the year (-€40,135)
- Receivables within one year -€2,972
no longer reported in 2025 (was €2,972)
- Deferred charges and accrued income -€1,827
no longer reported in 2025 (was €1,827)
- Profit (loss) carried forward -€40,135
down €40,135 (-4.6%), from -€869,364 to -€909,499
- Accrued charges and deferred income +€6,201
up €6,201 (+315.4%), from €1,966 to €8,167
- Other debts +€3,018
up €3,018 (+3.2%), from €95,633 to €98,651
- Gross operating margin -€13,595
down €13,595, from €8,947 to -€4,648
- Depreciation -€2,455
down €2,455 (-9.7%), from €25,338 to €22,882
- Financial charges -€1,656
down €1,656 (-86.9%), from €1,907 to €250
- Other operating charges +€404
up €404 (+3.4%), from €11,978 to €12,381
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 | €137,837 | €107,042 | -€30,796 | -22.3% |
| Fixed assets | 21/28 | €128,927 | €106,045 | -€22,882 | -17.7% |
| Tangible fixed assets | 22/27 | €128,927 | €106,045 | -€22,882 | -17.7% |
| Land and buildings | 22 | €116,898 | €96,209 | -€20,689 | -17.7% |
| Other tangible fixed assets | 26 | €12,029 | €9,836 | -€2,193 | -18.2% |
| Current assets | 29/58 | €8,910 | €997 | -€7,914 | -88.8% |
| Amounts receivable within one year | 40/41 | €2,972 | - | -€2,972 | |
| Other amounts receivable | 41 | €2,972 | - | -€2,972 | |
| Cash at bank and in hand | 54/58 | €4,112 | €997 | -€3,115 | -75.8% |
| Deferred charges and accrued income | 490/1 | €1,827 | - | -€1,827 | |
| Total equity and liabilities | 10/49 | €137,837 | €107,042 | -€30,796 | -22.3% |
| Equity | 10/15 | -€175,262 | -€215,397 | -€40,135 | -22.9% |
| Contributions | 10/11 | €694,102 | €694,102 | = | 0.0% |
| Capital | 10 | €694,102 | €694,102 | = | 0.0% |
| Issued capital | 100 | €694,102 | €694,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€869,364 | -€909,499 | -€40,135 | -4.6% |
| Amounts payable | 17/49 | €313,100 | €322,439 | +€9,339 | +3.0% |
| Amounts payable after more than one year | 17 | €215,500 | €215,500 | = | 0.0% |
| Other amounts payable | 178/9 | €215,500 | €215,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,633 | €98,772 | +€3,138 | +3.3% |
| Taxes, remuneration and social security | 45 | - | €120 | +€120 | |
| Taxes | 450/3 | - | €120 | +€120 | |
| Other amounts payable | 47/48 | €95,633 | €98,651 | +€3,018 | +3.2% |
| Accrued charges and deferred income | 492/3 | €1,966 | €8,167 | +€6,201 | +315.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,338 | €22,882 | -€2,455 | -9.7% |
| Other operating charges | 640/8 | €11,978 | €12,381 | +€404 | +3.4% |
| Gross operating margin | 9900 | €8,947 | -€4,648 | -€13,595 | |
| Operating profit (loss) | 9901 | -€28,369 | -€39,912 | -€11,543 | -40.7% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €1,907 | €250 | -€1,656 | -86.9% |
| Recurring financial charges | 65 | €1,907 | €250 | -€1,656 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,275 | -€40,135 | -€9,860 | -32.6% |
| Profit (loss) for the period | 9904 | -€30,275 | -€40,135 | -€9,860 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,275 | -€40,135 | -€9,860 | -32.6% |
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.