VENAZ: 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.
VENAZ
Largest movements
- Tangible fixed assets +€620,968
up €620,968 (+9717.8%), from €6,390 to €627,358
of which Land and buildings: +€624,176
- Receivables within one year -€178,538
down €178,538 (-71.9%), from €248,424 to €69,886
of which Trade receivables: -€169,709
- Current investments +€30,000
up €30,000 (+38.7%), from €77,500 to €107,500
- Cash -€27,306
down €27,306 (-41.9%), from €65,245 to €37,939
mainly Investment in fixed assets (net) (-€699,460) and Contributions, distributions and other (-€237,178)
- Deferred charges and accrued income +€19,018
up €19,018 (+451.5%), from €4,212 to €23,229
- Debts after one year +€602,759
up €602,759 (+615.3%), from €97,956 to €700,715
of which Financial debts: +€600,074
- Reserves -€143,223
down €143,223 (-30.7%), from €466,170 to €322,947
of which Distributable reserves: -€160,063
- Tax, wage and social debts -€50,437
down €50,437 (-51.4%), from €98,111 to €47,675
of which Taxes: -€85,764
- Current portion of long-term debt +€37,707
up €37,707 (+101.3%), from €37,219 to €74,926
- Other debts +€21,049
up €21,049 (+69.6%), from €30,250 to €51,299
- Gross operating margin -€120,751
down €120,751 (-37.5%), from €322,014 to €201,263
- Depreciation +€68,645
up €68,645 (+715.2%), from €9,598 to €78,242
- Taxes -€45,455
down €45,455 (-58.0%), from €78,409 to €32,954
- Financial income +€7,347
up €7,347 (+917.8%), from €801 to €8,148
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €751,771 | €1,216,161 | +€464,391 | +61.8% |
| Fixed assets | 21/28 | €276,390 | €897,608 | +€621,218 | +224.8% |
| Tangible fixed assets | 22/27 | €6,390 | €627,358 | +€620,968 | +9717.8% |
| Land and buildings | 22 | - | €624,176 | +€624,176 | |
| Furniture and vehicles | 24 | €5,148 | €2,023 | -€3,125 | -60.7% |
| Other tangible fixed assets | 26 | €1,242 | €1,159 | -€83 | -6.7% |
| Financial fixed assets | 28 | €270,000 | €270,250 | +€250 | +0.1% |
| Current assets | 29/58 | €475,381 | €318,553 | -€156,827 | -33.0% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €248,424 | €69,886 | -€178,538 | -71.9% |
| Trade receivables | 40 | €238,424 | €68,715 | -€169,709 | -71.2% |
| Other amounts receivable | 41 | €10,000 | €1,171 | -€8,829 | -88.3% |
| Current investments | 50/53 | €77,500 | €107,500 | +€30,000 | +38.7% |
| Cash at bank and in hand | 54/58 | €65,245 | €37,939 | -€27,306 | -41.9% |
| Deferred charges and accrued income | 490/1 | €4,212 | €23,229 | +€19,018 | +451.5% |
| Total equity and liabilities | 10/49 | €751,771 | €1,216,161 | +€464,391 | +61.8% |
| Equity | 10/15 | €484,770 | €341,547 | -€143,223 | -29.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €466,170 | €322,947 | -€143,223 | -30.7% |
| Tax-exempt reserves | 132 | €109,460 | €126,300 | +€16,840 | +15.4% |
| Distributable reserves | 133 | €356,710 | €196,647 | -€160,063 | -44.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €267,001 | €874,614 | +€607,613 | +227.6% |
| Amounts payable after more than one year | 17 | €97,956 | €700,715 | +€602,759 | +615.3% |
| Financial debts | 170/4 | €97,956 | €698,030 | +€600,074 | +612.6% |
| Other amounts payable | 178/9 | - | €2,685 | +€2,685 | |
| Amounts payable within one year | 42/48 | €165,580 | €173,900 | +€8,319 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €37,219 | €74,926 | +€37,707 | +101.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €98,111 | €47,675 | -€50,437 | -51.4% |
| Taxes | 450/3 | €97,861 | €12,098 | -€85,764 | -87.6% |
| Remuneration and social security | 454/9 | €250 | €35,577 | +€35,327 | +14136.4% |
| Other amounts payable | 47/48 | €30,250 | €51,299 | +€21,049 | +69.6% |
| Accrued charges and deferred income | 492/3 | €3,465 | €0 | -€3,465 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,598 | €78,242 | +€68,645 | +715.2% |
| Other operating charges | 640/8 | €557 | €647 | +€90 | +16.1% |
| Gross operating margin | 9900 | €322,014 | €201,263 | -€120,751 | -37.5% |
| Operating profit (loss) | 9901 | €311,859 | €122,374 | -€189,485 | -60.8% |
| Financial income | 75/76B | €801 | €8,148 | +€7,347 | +917.8% |
| Recurring financial income | 75 | €801 | €8,148 | +€7,347 | +917.8% |
| Financial charges | 65/66B | €4,537 | €3,613 | -€924 | -20.4% |
| Recurring financial charges | 65 | €4,537 | €3,613 | -€924 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €308,123 | €126,909 | -€181,214 | -58.8% |
| Income taxes | 67/77 | €78,409 | €32,954 | -€45,455 | -58.0% |
| Profit (loss) for the period | 9904 | €229,714 | €93,955 | -€135,759 | -59.1% |
| Transfer to tax-exempt reserves | 689 | €109,460 | €16,840 | -€92,620 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,254 | €77,115 | -€43,139 | -35.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.