Venco: what changed
Venco
Largest movements
- Tangible fixed assets -€28,685
down €28,685 (-20.2%), from €142,068 to €113,382
of which Plant, machinery and equipment: -€26,111
- Cash -€11,335
down €11,335 (-80.0%), from €14,174 to €2,838
mainly Investment in fixed assets (net) (-€40,671) and Debts after one year (-€25,755)
- Deferred charges and accrued income -€2,163
down €2,163 (-29.4%), from €7,349 to €5,186
- Debts after one year -€25,755
down €25,755 (-37.7%), from €68,276 to €42,521
- Profit (loss) carried forward -€19,340
down €19,340, from €0 to -€19,340
- Tax, wage and social debts +€10,555
up €10,555 (+177%), from €5,966 to €16,521
of which Taxes: +€7,864
- Trade debts -€8,202
down €8,202 (-59.5%), from €13,795 to €5,593
- Current portion of long-term debt +€5,013
up €5,013 (+13.1%), from €38,294 to €43,307
- Staff costs +€34,528
up €34,528 (+47.4%), from €72,862 to €107,389
- Gross operating margin +€15,338
up €15,338 (+10.5%), from €145,386 to €160,724
- Depreciation +€7,040
up €7,040 (+11.2%), from €62,992 to €70,032
- Financial charges -€2,731
down €2,731 (-37.1%), from €7,370 to €4,639
- Other operating charges +€1,716
up €1,716 (+139%), from €1,238 to €2,954
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,426 | €152,027 | -€45,398 | -23.0% |
| Fixed assets | 21/28 | €145,959 | €116,599 | -€29,360 | -20.1% |
| Intangible fixed assets | 21 | €3,891 | €3,216 | -€675 | -17.3% |
| Tangible fixed assets | 22/27 | €142,068 | €113,382 | -€28,685 | -20.2% |
| Plant, machinery and equipment | 23 | €70,792 | €44,681 | -€26,111 | -36.9% |
| Furniture and vehicles | 24 | €66,635 | €66,060 | -€575 | -0.9% |
| Other tangible fixed assets | 26 | €4,641 | €2,641 | -€2,000 | -43.1% |
| Current assets | 29/58 | €51,467 | €35,429 | -€16,038 | -31.2% |
| Stocks and contracts in progress | 3 | €4,849 | €3,721 | -€1,129 | -23.3% |
| Stocks | 30/36 | €632 | €3,721 | +€3,089 | +489% |
| Contracts in progress | 37 | €4,218 | €0 | -€4,218 | -100% |
| Amounts receivable within one year | 40/41 | €25,095 | €23,684 | -€1,411 | -5.6% |
| Trade receivables | 40 | €16,743 | €23,302 | +€6,559 | +39.2% |
| Other amounts receivable | 41 | €8,352 | €382 | -€7,970 | -95.4% |
| Cash at bank and in hand | 54/58 | €14,174 | €2,838 | -€11,335 | -80.0% |
| Deferred charges and accrued income | 490/1 | €7,349 | €5,186 | -€2,163 | -29.4% |
| Total equity and liabilities | 10/49 | €197,426 | €152,027 | -€45,398 | -23.0% |
| Equity | 10/15 | €7,838 | -€16,340 | -€24,178 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,838 | €0 | -€4,838 | -100% |
| Distributable reserves | 133 | €4,838 | €0 | -€4,838 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€19,340 | -€19,340 | |
| Amounts payable | 17/49 | €189,588 | €168,367 | -€21,221 | -11.2% |
| Amounts payable after more than one year | 17 | €68,276 | €42,521 | -€25,755 | -37.7% |
| Financial debts | 170/4 | €68,276 | €42,521 | -€25,755 | -37.7% |
| Amounts payable within one year | 42/48 | €121,084 | €124,983 | +€3,900 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €38,294 | €43,307 | +€5,013 | +13.1% |
| Trade debts | 44 | €13,795 | €5,593 | -€8,202 | -59.5% |
| Suppliers | 440/4 | €13,795 | €5,593 | -€8,202 | -59.5% |
| Advances received on contracts in progress | 46 | €770 | €0 | -€770 | -100% |
| Taxes, remuneration and social security | 45 | €5,966 | €16,521 | +€10,555 | +177% |
| Taxes | 450/3 | €391 | €8,255 | +€7,864 | +2,012% |
| Remuneration and social security | 454/9 | €5,575 | €8,266 | +€2,691 | +48.3% |
| Other amounts payable | 47/48 | €62,259 | €59,563 | -€2,696 | -4.3% |
| Accrued charges and deferred income | 492/3 | €228 | €863 | +€634 | +278% |
| Non-recurring operating income | 76A | €4,025 | €0 | -€4,025 | -100% |
| Remuneration, social security and pensions | 62 | €72,862 | €107,389 | +€34,528 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,992 | €70,032 | +€7,040 | +11.2% |
| Other operating charges | 640/8 | €1,238 | €2,954 | +€1,716 | +139% |
| Gross operating margin | 9900 | €145,386 | €160,724 | +€15,338 | +10.5% |
| Operating profit (loss) | 9901 | €8,295 | -€19,651 | -€27,946 | |
| Financial income | 75/76B | €71 | €113 | +€42 | +59.5% |
| Recurring financial income | 75 | €71 | €113 | +€42 | +59.5% |
| Financial charges | 65/66B | €7,370 | €4,639 | -€2,731 | -37.1% |
| Recurring financial charges | 65 | €7,370 | €4,639 | -€2,731 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €996 | -€24,178 | -€25,173 | |
| Income taxes | 67/77 | €67 | €0 | -€67 | -100% |
| Profit (loss) for the period | 9904 | €928 | -€24,178 | -€25,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €928 | -€24,178 | -€25,106 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.