VENBO PROJECTS: 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.
VENBO PROJECTS
Largest movements
- Stocks and contracts +€957,954
up €957,954 (+44.3%), from €2.2m to €3.1m
- Short-term financial debts +€664,419
up €664,419 (+69.6%), from €955,000 to €1.6m
- Other debts +€132,352
up €132,352 (+12.3%), from €1.1m to €1.2m
- Profit (loss) carried forward +€79,866
up €79,866 (+4,532%), from €1,762 to €81,629
- Tax, wage and social debts +€51,479
up €51,479 (+283%), from €18,203 to €69,682
- Gross operating margin +€132,353
up €132,353 (+150%), from €88,367 to €220,719
- Financial charges -€29,367
down €29,367 (-95.1%), from €30,879 to €1,512
- Taxes +€25,392
up €25,392 (+172%), from €14,752 to €40,144
- Depreciation +€8,828
up €8,828 (+117%), from €7,530 to €16,357
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 | €2,240,128 | €3,185,977 | +€945,849 | +42.2% |
| Fixed assets | 21/28 | €74,188 | €59,080 | -€15,108 | -20.4% |
| Tangible fixed assets | 22/27 | €74,188 | €59,080 | -€15,108 | -20.4% |
| Furniture and vehicles | 24 | €74,188 | €59,080 | -€15,108 | -20.4% |
| Current assets | 29/58 | €2,165,940 | €3,126,897 | +€960,957 | +44.4% |
| Stocks and contracts in progress | 3 | €2,162,551 | €3,120,504 | +€957,954 | +44.3% |
| Stocks | 30/36 | €2,162,551 | €3,120,504 | +€957,954 | +44.3% |
| Amounts receivable within one year | 40/41 | €506 | €3,682 | +€3,176 | +628% |
| Trade receivables | 40 | €506 | €3,216 | +€2,710 | +536% |
| Other amounts receivable | 41 | - | €466 | +€466 | |
| Cash at bank and in hand | 54/58 | €1,510 | - | -€1,510 | |
| Deferred charges and accrued income | 490/1 | €1,374 | €2,711 | +€1,337 | +97.3% |
| Total equity and liabilities | 10/49 | €2,240,128 | €3,185,977 | +€945,849 | +42.2% |
| Equity | 10/15 | €39,762 | €149,629 | +€109,866 | +276% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €58,000 | +€30,000 | +107% |
| Distributable reserves | 133 | €28,000 | €58,000 | +€30,000 | +107% |
| Profit (loss) carried forward | 14 | €1,762 | €81,629 | +€79,866 | +4,532% |
| Amounts payable | 17/49 | €2,200,366 | €3,036,349 | +€835,982 | +38.0% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,100,366 | €2,936,349 | +€835,982 | +39.8% |
| Financial debts | 43 | €955,000 | €1,619,419 | +€664,419 | +69.6% |
| Credit institutions | 430/8 | €955,000 | €1,619,419 | +€664,419 | +69.6% |
| Trade debts | 44 | €46,914 | €34,646 | -€12,268 | -26.1% |
| Suppliers | 440/4 | €46,914 | €34,646 | -€12,268 | -26.1% |
| Taxes, remuneration and social security | 45 | €18,203 | €69,682 | +€51,479 | +283% |
| Taxes | 450/3 | €18,203 | €69,682 | +€51,479 | +283% |
| Other amounts payable | 47/48 | €1,080,249 | €1,212,601 | +€132,352 | +12.3% |
| Remuneration, social security and pensions | 62 | - | €1,466 | +€1,466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,530 | €16,357 | +€8,828 | +117% |
| Other operating charges | 640/8 | €580 | €1,461 | +€881 | +152% |
| Gross operating margin | 9900 | €88,367 | €220,719 | +€132,353 | +150% |
| Operating profit (loss) | 9901 | €80,257 | €201,435 | +€121,178 | +151% |
| Financial income | 75/76B | €19 | €86 | +€67 | +348% |
| Recurring financial income | 75 | €19 | €86 | +€67 | +348% |
| Financial charges | 65/66B | €30,879 | €1,512 | -€29,367 | -95.1% |
| Recurring financial charges | 65 | €30,879 | €1,512 | -€29,367 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €49,398 | €200,010 | +€150,612 | +305% |
| Income taxes | 67/77 | €14,752 | €40,144 | +€25,392 | +172% |
| Profit (loss) for the period | 9904 | €34,646 | €159,866 | +€125,220 | +361% |
| Profit (loss) for the period to be appropriated | 9905 | €34,646 | €159,866 | +€125,220 | +361% |
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.