VENASQUE MANAGEMENT: 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.
VENASQUE MANAGEMENT
Largest movements
- Cash -€36,526
down €36,526 (-40.5%), from €90,186 to €53,661
mainly Contributions, distributions and other (-€40,000) and Investment in fixed assets (net) (-€33,246)
- Financial fixed assets +€33,246
up €33,246 (+80.1%), from €41,500 to €74,746
- Tangible fixed assets -€3,792
down €3,792 (-31.9%), from €11,868 to €8,077
of which Furniture and vehicles: -€3,128
- Receivables within one year -€1,623
down €1,623 (-17.8%), from €9,144 to €7,521
of which Trade receivables: -€8,542
- Profit (loss) carried forward -€16,703
down €16,703 (-14.7%), from €113,371 to €96,667
- Other debts +€14,000
up €14,000 (+70.0%), from €20,000 to €34,000
- Trade debts -€10,150
down €10,150 (-96.2%), from €10,555 to €406
- Tax, wage and social debts +€3,194
up €3,194 (+64.0%), from €4,991 to €8,185
- Gross operating margin -€97,383
down €97,383 (-76.3%), from €127,695 to €30,313
- Taxes -€20,727
down €20,727 (-77.6%), from €26,700 to €5,973
- Financial income +€3,299
up €3,299 (+164,972%), from €2 to €3,301
of which Financial income: +€3,299
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 | €154,417 | €145,008 | -€9,409 | -6.1% |
| Fixed assets | 21/28 | €53,368 | €82,822 | +€29,454 | +55.2% |
| Tangible fixed assets | 22/27 | €11,868 | €8,077 | -€3,792 | -31.9% |
| Plant, machinery and equipment | 23 | €857 | €193 | -€664 | -77.5% |
| Furniture and vehicles | 24 | €11,011 | €7,884 | -€3,128 | -28.4% |
| Financial fixed assets | 28 | €41,500 | €74,746 | +€33,246 | +80.1% |
| Current assets | 29/58 | €101,048 | €62,186 | -€38,863 | -38.5% |
| Amounts receivable within one year | 40/41 | €9,144 | €7,521 | -€1,623 | -17.8% |
| Trade receivables | 40 | €8,618 | €76 | -€8,542 | -99.1% |
| Other amounts receivable | 41 | €526 | €7,445 | +€6,919 | +1,316% |
| Cash at bank and in hand | 54/58 | €90,186 | €53,661 | -€36,526 | -40.5% |
| Deferred charges and accrued income | 490/1 | €1,718 | €1,004 | -€714 | -41.5% |
| Total equity and liabilities | 10/49 | €154,417 | €145,008 | -€9,409 | -6.1% |
| Equity | 10/15 | €118,871 | €102,167 | -€16,703 | -14.1% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,371 | €96,667 | -€16,703 | -14.7% |
| Amounts payable | 17/49 | €35,546 | €42,841 | +€7,295 | +20.5% |
| Amounts payable within one year | 42/48 | €35,546 | €42,591 | +€7,045 | +19.8% |
| Trade debts | 44 | €10,555 | €406 | -€10,150 | -96.2% |
| Suppliers | 440/4 | €10,555 | €406 | -€10,150 | -96.2% |
| Taxes, remuneration and social security | 45 | €4,991 | €8,185 | +€3,194 | +64.0% |
| Taxes | 450/3 | €4,991 | €8,185 | +€3,194 | +64.0% |
| Other amounts payable | 47/48 | €20,000 | €34,000 | +€14,000 | +70.0% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,847 | €3,792 | -€55 | -1.4% |
| Other operating charges | 640/8 | €210 | €185 | -€25 | -11.8% |
| Gross operating margin | 9900 | €127,695 | €30,313 | -€97,383 | -76.3% |
| Operating profit (loss) | 9901 | €123,639 | €26,336 | -€97,303 | -78.7% |
| Financial income | 75/76B | €2 | €3,301 | +€3,299 | +164,972% |
| Recurring financial income | 75 | €2 | €3,301 | +€3,299 | +164,972% |
| Non-recurring financial income | 76B | €2 | - | -€2 | |
| Financial charges | 65/66B | €203 | €368 | +€165 | +81.3% |
| Recurring financial charges | 65 | €202 | €367 | +€165 | +81.7% |
| Non-recurring financial charges | 66B | €1 | €1 | -€0 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €123,438 | €29,269 | -€94,168 | -76.3% |
| Income taxes | 67/77 | €26,700 | €5,973 | -€20,727 | -77.6% |
| Profit (loss) for the period | 9904 | €96,738 | €23,297 | -€73,441 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,738 | €23,297 | -€73,441 | -75.9% |
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 15 October 2026 via checked.be.