Venar: 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.
Venar
Largest movements
- Cash -€19,569
down €19,569 (-85.8%), from €22,818 to €3,249
mainly Receivables within one year (-€15,068) and Trade debts (-€7,071)
- Receivables within one year +€15,068
up €15,068 (+34.1%), from €44,180 to €59,248
of which Trade receivables: +€12,549
- Tangible fixed assets -€5,487
down €5,487 (-56.3%), from €9,749 to €4,263
- Intangible fixed assets -€1,288
down €1,288 (-65.6%), from €1,964 to €676
- Trade debts -€7,071
down €7,071 (-36.8%), from €19,238 to €12,168
- Current portion of long-term debt +€3,962
new in 2025: €3,962
- Other debts -€2,869
down €2,869 (-49.7%), from €5,770 to €2,901
- Profit (loss) carried forward -€2,727
down €2,727 (-9.7%), from €28,247 to €25,519
- Debts after one year -€1,823
down €1,823 (-15.8%), from €11,536 to €9,713
- Gross operating margin -€3,268
down €3,268 (-40.5%), from €8,071 to €4,803
- Taxes -€1,970
down €1,970, from €1,055 to -€914
- Depreciation +€863
up €863 (+21.5%), from €4,020 to €4,883
- Financial charges +€690
up €690 (+155%), from €445 to €1,135
- Other operating charges +€164
new in 2025: €164
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 | €80,167 | €68,922 | -€11,245 | -14.0% |
| Fixed assets | 21/28 | €11,713 | €4,938 | -€6,775 | -57.8% |
| Intangible fixed assets | 21 | €1,964 | €676 | -€1,288 | -65.6% |
| Tangible fixed assets | 22/27 | €9,749 | €4,263 | -€5,487 | -56.3% |
| Plant, machinery and equipment | 23 | €9,749 | €4,263 | -€5,487 | -56.3% |
| Current assets | 29/58 | €68,454 | €63,983 | -€4,470 | -6.5% |
| Amounts receivable within one year | 40/41 | €44,180 | €59,248 | +€15,068 | +34.1% |
| Trade receivables | 40 | €40,304 | €52,854 | +€12,549 | +31.1% |
| Other amounts receivable | 41 | €3,876 | €6,395 | +€2,518 | +65.0% |
| Cash at bank and in hand | 54/58 | €22,818 | €3,249 | -€19,569 | -85.8% |
| Deferred charges and accrued income | 490/1 | €1,455 | €1,486 | +€31 | +2.1% |
| Total equity and liabilities | 10/49 | €80,167 | €68,922 | -€11,245 | -14.0% |
| Equity | 10/15 | €39,447 | €36,719 | -€2,727 | -6.9% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,247 | €25,519 | -€2,727 | -9.7% |
| Amounts payable | 17/49 | €40,720 | €32,202 | -€8,518 | -20.9% |
| Amounts payable after more than one year | 17 | €11,536 | €9,713 | -€1,823 | -15.8% |
| Financial debts | 170/4 | €11,536 | €9,713 | -€1,823 | -15.8% |
| Amounts payable within one year | 42/48 | €29,184 | €22,490 | -€6,694 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,962 | +€3,962 | |
| Trade debts | 44 | €19,238 | €12,168 | -€7,071 | -36.8% |
| Suppliers | 440/4 | €19,238 | €12,168 | -€7,071 | -36.8% |
| Taxes, remuneration and social security | 45 | €4,176 | €3,459 | -€717 | -17.2% |
| Taxes | 450/3 | €4,176 | €3,459 | -€717 | -17.2% |
| Other amounts payable | 47/48 | €5,770 | €2,901 | -€2,869 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,020 | €4,883 | +€863 | +21.5% |
| Other operating charges | 640/8 | - | €164 | +€164 | |
| Non-recurring operating charges | 66A | - | €2,262 | +€2,262 | |
| Gross operating margin | 9900 | €8,071 | €4,803 | -€3,268 | -40.5% |
| Operating profit (loss) | 9901 | €4,051 | -€2,506 | -€6,558 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €445 | €1,135 | +€690 | +155% |
| Recurring financial charges | 65 | €445 | €1,135 | +€690 | +155% |
| Profit (loss) for the period before taxes | 9903 | €3,614 | -€3,642 | -€7,256 | |
| Income taxes | 67/77 | €1,055 | -€914 | -€1,970 | |
| Profit (loss) for the period | 9904 | €2,559 | -€2,727 | -€5,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,559 | -€2,727 | -€5,286 |
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 28 October 2026 via checked.be.