VENATIO: 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.
VENATIO
Largest movements
- Current investments +€79,071
up €79,071 (+151%), from €52,265 to €131,336
- Cash +€52,348
up €52,348 (+109%), from €48,030 to €100,378
mainly Net result for the year (+€126,568) and Other debts (+€126,503)
- Tangible fixed assets -€42,398
down €42,398 (-4.1%), from €1.0m to €990,204
of which Land and buildings: -€23,409
- Other debts +€126,503
up €126,503 (+14,917%), from €848 to €127,351
- Debts after one year -€24,823
down €24,823 (-5.1%), from €486,129 to €461,306
- Gross operating margin -€25,116
down €25,116 (-10.2%), from €247,355 to €222,239
- Taxes -€17,220
down €17,220 (-30.4%), from €56,729 to €39,510
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 | €1,135,864 | €1,234,334 | +€98,470 | +8.7% |
| Fixed assets | 21/28 | €1,032,601 | €990,204 | -€42,398 | -4.1% |
| Tangible fixed assets | 22/27 | €1,032,601 | €990,204 | -€42,398 | -4.1% |
| Land and buildings | 22 | €958,988 | €935,579 | -€23,409 | -2.4% |
| Furniture and vehicles | 24 | €73,614 | €54,625 | -€18,989 | -25.8% |
| Current assets | 29/58 | €103,263 | €244,131 | +€140,868 | +136% |
| Amounts receivable within one year | 40/41 | €334 | €9,616 | +€9,283 | +2,782% |
| Trade receivables | 40 | €334 | €598 | +€264 | +79.3% |
| Other amounts receivable | 41 | €0 | €9,018 | +€9,018 | |
| Current investments | 50/53 | €52,265 | €131,336 | +€79,071 | +151% |
| Cash at bank and in hand | 54/58 | €48,030 | €100,378 | +€52,348 | +109% |
| Deferred charges and accrued income | 490/1 | €2,635 | €2,800 | +€166 | +6.3% |
| Total equity and liabilities | 10/49 | €1,135,864 | €1,234,334 | +€98,470 | +8.7% |
| Equity | 10/15 | €602,883 | €602,883 | = | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €552,883 | €552,883 | = | 0.0% |
| Distributable reserves | 133 | €552,883 | €552,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €532,981 | €631,452 | +€98,470 | +18.5% |
| Amounts payable after more than one year | 17 | €486,129 | €461,306 | -€24,823 | -5.1% |
| Financial debts | 170/4 | €486,129 | €461,306 | -€24,823 | -5.1% |
| Amounts payable within one year | 42/48 | €43,012 | €166,233 | +€123,221 | +286% |
| Current portion of amounts payable after more than one year | 42 | €24,242 | €24,823 | +€581 | +2.4% |
| Trade debts | 44 | €529 | €1,722 | +€1,194 | +226% |
| Suppliers | 440/4 | €529 | €1,722 | +€1,194 | +226% |
| Taxes, remuneration and social security | 45 | €17,394 | €12,336 | -€5,058 | -29.1% |
| Taxes | 450/3 | €17,394 | €12,336 | -€5,058 | -29.1% |
| Other amounts payable | 47/48 | €848 | €127,351 | +€126,503 | +14,917% |
| Accrued charges and deferred income | 492/3 | €3,840 | €3,912 | +€72 | +1.9% |
| Non-recurring operating income | 76A | €17,326 | €0 | -€17,326 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,398 | €42,398 | = | 0.0% |
| Other operating charges | 640/8 | €1,662 | €2,614 | +€952 | +57.3% |
| Gross operating margin | 9900 | €247,355 | €222,239 | -€25,116 | -10.2% |
| Operating profit (loss) | 9901 | €203,295 | €177,227 | -€26,068 | -12.8% |
| Financial income | 75/76B | €316 | €1,971 | +€1,656 | +524% |
| Recurring financial income | 75 | €316 | €1,971 | +€1,656 | +524% |
| Financial charges | 65/66B | €13,703 | €13,121 | -€582 | -4.2% |
| Recurring financial charges | 65 | €13,703 | €13,121 | -€582 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €189,908 | €166,078 | -€23,830 | -12.5% |
| Income taxes | 67/77 | €56,729 | €39,510 | -€17,220 | -30.4% |
| Profit (loss) for the period | 9904 | €133,179 | €126,568 | -€6,611 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €133,179 | €126,568 | -€6,611 | -5.0% |
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 17 October 2026 via checked.be.