VENACO: 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.
VENACO
Largest movements
- Receivables within one year -€174,990
down €174,990 (-97.0%), from €180,491 to €5,501
of which Trade receivables: -€177,189
- Cash -€101,005
down €101,005 (-8.3%), from €1.2m to €1.1m
mainly Contributions, distributions and other (-€141,429) and Tax, wage and social debts (-€135,182)
- Tangible fixed assets -€33,892
down €33,892 (-13.6%), from €249,327 to €215,436
of which Land and buildings: -€21,238
- Tax, wage and social debts -€135,182
down €135,182 (-96.0%), from €140,826 to €5,644
- Profit (loss) carried forward -€88,260
down €88,260 (-28.1%), from €314,620 to €226,360
- Reserves -€70,000
down €70,000 (-6.5%), from €1.1m to €999,255
- Gross operating margin -€1.2m
down €1.2m (-98.5%), from €1.2m to €17,620
- Taxes -€369,652
down €369,652 (-99.9%), from €369,953 to €301
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 | €1,644,916 | €1,335,029 | -€309,887 | -18.8% |
| Fixed assets | 21/28 | €249,327 | €215,436 | -€33,892 | -13.6% |
| Tangible fixed assets | 22/27 | €249,327 | €215,436 | -€33,892 | -13.6% |
| Land and buildings | 22 | €235,948 | €214,710 | -€21,238 | -9.0% |
| Furniture and vehicles | 24 | €13,379 | €726 | -€12,653 | -94.6% |
| Current assets | 29/58 | €1,395,589 | €1,119,594 | -€275,995 | -19.8% |
| Amounts receivable within one year | 40/41 | €180,491 | €5,501 | -€174,990 | -97.0% |
| Trade receivables | 40 | €180,491 | €3,302 | -€177,189 | -98.2% |
| Other amounts receivable | 41 | - | €2,199 | +€2,199 | |
| Cash at bank and in hand | 54/58 | €1,215,097 | €1,114,093 | -€101,005 | -8.3% |
| Total equity and liabilities | 10/49 | €1,644,916 | €1,335,029 | -€309,887 | -18.8% |
| Equity | 10/15 | €1,402,476 | €1,244,216 | -€158,260 | -11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,069,255 | €999,255 | -€70,000 | -6.5% |
| Distributable reserves | 133 | €1,069,255 | €999,255 | -€70,000 | -6.5% |
| Profit (loss) carried forward | 14 | €314,620 | €226,360 | -€88,260 | -28.1% |
| Amounts payable | 17/49 | €242,440 | €90,814 | -€151,626 | -62.5% |
| Amounts payable after more than one year | 17 | €9,748 | - | -€9,748 | |
| Financial debts | 170/4 | €9,748 | - | -€9,748 | |
| Amounts payable within one year | 42/48 | €232,692 | €90,814 | -€141,878 | -61.0% |
| Current portion of amounts payable after more than one year | 42 | €12,799 | €9,748 | -€3,051 | -23.8% |
| Trade debts | 44 | €7,639 | €5,422 | -€2,216 | -29.0% |
| Suppliers | 440/4 | €7,639 | €5,422 | -€2,216 | -29.0% |
| Taxes, remuneration and social security | 45 | €140,826 | €5,644 | -€135,182 | -96.0% |
| Taxes | 450/3 | €140,826 | €5,644 | -€135,182 | -96.0% |
| Other amounts payable | 47/48 | €71,429 | €70,000 | -€1,429 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,672 | €33,892 | -€780 | -2.3% |
| Other operating charges | 640/8 | €342 | - | -€342 | |
| Gross operating margin | 9900 | €1,202,235 | €17,620 | -€1.2m | -98.5% |
| Operating profit (loss) | 9901 | €1,167,221 | -€16,272 | -€1.2m | |
| Financial income | 75/76B | €11,215 | €274 | -€10,941 | -97.6% |
| Recurring financial income | 75 | €11,215 | €274 | -€10,941 | -97.6% |
| Financial charges | 65/66B | €1,439 | €534 | -€905 | -62.9% |
| Recurring financial charges | 65 | €1,439 | €534 | -€905 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | €1,176,997 | -€16,531 | -€1.2m | |
| Income taxes | 67/77 | €369,953 | €301 | -€369,652 | -99.9% |
| Profit (loss) for the period | 9904 | €807,044 | -€16,832 | -€823,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €807,044 | -€16,832 | -€823,875 |
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 16 October 2026 via checked.be.