VENEDEN: 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.
VENEDEN
Largest movements
- Tangible fixed assets +€19,502
up €19,502 (+29.0%), from €67,327 to €86,829
of which Land and buildings: +€19,606
- Cash +€1,679
up €1,679 (+53.7%), from €3,128 to €4,807
mainly Other debts (+€34,007) and Depreciation (+€9,028)
- Deferred charges and accrued income +€1,480
new in 2025: €1,480
- Other debts +€34,007
up €34,007 (+119.6%), from €28,445 to €62,452
- Profit (loss) carried forward -€12,522
down €12,522 (-28.7%), from -€43,683 to -€56,205
- Trade debts +€1,603
up €1,603 (+10018.8%), from €16 to €1,619
- Gross operating margin +€570
up €570 (+18.0%), from -€3,163 to -€2,593
- Other operating charges +€299
up €299 (+55.3%), from €541 to €840
- Depreciation +€67
up €67 (+0.7%), from €8,961 to €9,028
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 | €70,455 | €93,116 | +€22,661 | +32.2% |
| Fixed assets | 21/28 | €67,327 | €86,829 | +€19,502 | +29.0% |
| Tangible fixed assets | 22/27 | €67,327 | €86,829 | +€19,502 | +29.0% |
| Land and buildings | 22 | €67,223 | €86,829 | +€19,606 | +29.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €104 | - | -€104 | |
| Current assets | 29/58 | €3,128 | €6,287 | +€3,159 | +101.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,128 | €4,807 | +€1,679 | +53.7% |
| Deferred charges and accrued income | 490/1 | - | €1,480 | +€1,480 | |
| Total equity and liabilities | 10/49 | €70,455 | €93,116 | +€22,661 | +32.2% |
| Equity | 10/15 | €17,567 | €5,045 | -€12,522 | -71.3% |
| Contributions | 10/11 | €42,500 | €42,500 | = | 0.0% |
| Outside capital | 11 | - | €42,500 | +€42,500 | |
| Other | 1109/19 | - | €42,500 | +€42,500 | |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,683 | -€56,205 | -€12,522 | -28.7% |
| Amounts payable | 17/49 | €52,888 | €88,071 | +€35,183 | +66.5% |
| Amounts payable after more than one year | 17 | €24,000 | €24,000 | = | 0.0% |
| Financial debts | 170/4 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,888 | €64,071 | +€35,183 | +121.8% |
| Trade debts | 44 | €16 | €1,619 | +€1,603 | +10018.8% |
| Suppliers | 440/4 | €16 | €1,619 | +€1,603 | +10018.8% |
| Taxes, remuneration and social security | 45 | €427 | €0 | -€427 | -100.0% |
| Taxes | 450/3 | €427 | €0 | -€427 | -100.0% |
| Other amounts payable | 47/48 | €28,445 | €62,452 | +€34,007 | +119.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,961 | €9,028 | +€67 | +0.7% |
| Other operating charges | 640/8 | €541 | €840 | +€299 | +55.3% |
| Gross operating margin | 9900 | -€3,163 | -€2,593 | +€570 | +18.0% |
| Operating profit (loss) | 9901 | -€12,665 | -€12,461 | +€204 | +1.6% |
| Financial charges | 65/66B | €59 | €61 | +€2 | +3.4% |
| Recurring financial charges | 65 | €59 | €61 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,724 | -€12,522 | +€202 | +1.6% |
| Profit (loss) for the period | 9904 | -€12,724 | -€12,522 | +€202 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,724 | -€12,522 | +€202 | +1.6% |
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 5 October 2026 via checked.be.