VENCA: 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.
VENCA
Largest movements
- Financial fixed assets -€1.0m
down €1.0m (-4.4%), from €22.9m to €21.9m
- Cash +€985,500
up €985,500 (+449.6%), from €219,176 to €1.2m
mainly Net result for the year (+€3.5m) and Investment in fixed assets (net) (+€1.0m)
No liability line moved by more than 1% of the balance sheet total.
No income-statement line moved by more than 1% of the activity.
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.
Cash bridge derived
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 | €23,070,310 | €23,057,262 | -€13,048 | -0.1% |
| Fixed assets | 21/28 | €22,850,555 | €21,850,555 | -€1.0m | -4.4% |
| Financial fixed assets | 28 | €22,850,555 | €21,850,555 | -€1.0m | -4.4% |
| Affiliated companies | 280/1 | €22,850,555 | €21,850,555 | -€1.0m | -4.4% |
| Participating interests | 280 | €22,850,555 | €21,850,555 | -€1.0m | -4.4% |
| Current assets | 29/58 | €219,755 | €1,206,707 | +€986,952 | +449.1% |
| Amounts receivable within one year | 40/41 | €579 | €2,031 | +€1,452 | +250.8% |
| Other amounts receivable | 41 | €579 | €2,031 | +€1,452 | +250.8% |
| Cash at bank and in hand | 54/58 | €219,176 | €1,204,677 | +€985,500 | +449.6% |
| Total equity and liabilities | 10/49 | €23,070,310 | €23,057,262 | -€13,048 | -0.1% |
| Equity | 10/15 | €23,058,917 | €23,044,206 | -€14,711 | -0.1% |
| Contributions | 10/11 | €8,272,846 | €8,272,846 | = | 0.0% |
| Reserves | 13 | €14,786,071 | €14,771,360 | -€14,711 | -0.1% |
| Distributable reserves | 133 | €14,786,071 | €14,771,360 | -€14,711 | -0.1% |
| Amounts payable | 17/49 | €11,394 | €13,057 | +€1,663 | +14.6% |
| Amounts payable within one year | 42/48 | €11,394 | €13,057 | +€1,663 | +14.6% |
| Trade debts | 44 | €11,394 | €13,057 | +€1,663 | +14.6% |
| Suppliers | 440/4 | €11,394 | €13,057 | +€1,663 | +14.6% |
| Operating income | 70/76A | €5,032 | €4,866 | -€166 | -3.3% |
| Non-recurring operating income | 76A | €5,032 | €4,866 | -€166 | -3.3% |
| Operating charges | 60/66A | €20,597 | €24,797 | +€4,200 | +20.4% |
| Services and other goods | 61 | €19,512 | €23,678 | +€4,167 | +21.4% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | -€15,566 | -€19,931 | -€4,365 | -28.0% |
| Financial income | 75/76B | €3,501,339 | €3,505,430 | +€4,092 | +0.1% |
| Recurring financial income | 75 | €3,501,339 | €3,505,430 | +€4,092 | +0.1% |
| Income from financial fixed assets | 750 | €3,500,000 | €3,500,000 | = | 0.0% |
| Income from current assets | 751 | €1,339 | €5,430 | +€4,092 | +305.7% |
| Financial charges | 65/66B | €205 | €211 | +€6 | +2.8% |
| Recurring financial charges | 65 | €205 | €211 | +€6 | +2.8% |
| Other financial charges | 652/9 | €205 | €211 | +€6 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €3,485,568 | €3,485,289 | -€279 | 0.0% |
| Taxes | 670/3 | €402 | €1,629 | +€1,228 | +305.7% |
| Tax adjustments and reversals of tax provisions | 77 | €402 | €1,629 | +€1,228 | +305.7% |
| Profit (loss) for the period | 9904 | €3,485,568 | €3,485,289 | -€279 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,485,568 | €3,485,289 | -€279 | 0.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.