Venerco: 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.
Venerco
Largest movements
- Cash +€230,017
up €230,017 (+376%), from €61,124 to €291,140
mainly Current investments (+€200,000) and Net result for the year (+€38,533)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Deferred charges and accrued income -€3,411
down €3,411 (-96.1%), from €3,548 to €137
- Other debts +€17,892
up €17,892 (+49.9%), from €35,848 to €53,739
- Reserves +€12,775
up €12,775 (+6.3%), from €204,374 to €217,149
- Gross operating margin -€16,164
down €16,164 (-23.5%), from €68,812 to €52,649
- Taxes -€4,725
down €4,725 (-23.7%), from €19,897 to €15,173
- Financial income -€2,705
down €2,705 (-37.6%), from €7,204 to €4,498
- Financial charges -€876
down €876 (-34.5%), from €2,537 to €1,661
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,128 | €308,461 | +€27,334 | +9.7% |
| Fixed assets | 21/28 | €1,945 | €1,658 | -€286 | -14.7% |
| Tangible fixed assets | 22/27 | €1,920 | €1,633 | -€286 | -14.9% |
| Furniture and vehicles | 24 | €1,920 | €1,633 | -€286 | -14.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €279,183 | €306,803 | +€27,620 | +9.9% |
| Amounts receivable within one year | 40/41 | €14,512 | €15,526 | +€1,014 | +7.0% |
| Trade receivables | 40 | €14,512 | €15,526 | +€1,014 | +7.0% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €61,124 | €291,140 | +€230,017 | +376% |
| Deferred charges and accrued income | 490/1 | €3,548 | €137 | -€3,411 | -96.1% |
| Total equity and liabilities | 10/49 | €281,128 | €308,461 | +€27,334 | +9.7% |
| Equity | 10/15 | €222,974 | €235,749 | +€12,775 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,374 | €217,149 | +€12,775 | +6.3% |
| Distributable reserves | 133 | €204,374 | €217,149 | +€12,775 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,153 | €72,712 | +€14,559 | +25.0% |
| Amounts payable within one year | 42/48 | €54,666 | €71,179 | +€16,512 | +30.2% |
| Trade debts | 44 | €770 | €1,365 | +€595 | +77.3% |
| Suppliers | 440/4 | €770 | €1,365 | +€595 | +77.3% |
| Taxes, remuneration and social security | 45 | €18,048 | €16,074 | -€1,974 | -10.9% |
| Taxes | 450/3 | €15,651 | €13,652 | -€1,999 | -12.8% |
| Remuneration and social security | 454/9 | €2,397 | €2,422 | +€25 | +1.0% |
| Other amounts payable | 47/48 | €35,848 | €53,739 | +€17,892 | +49.9% |
| Accrued charges and deferred income | 492/3 | €3,487 | €1,533 | -€1,954 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €699 | €560 | -€138 | -19.8% |
| Other operating charges | 640/8 | €1,122 | €1,219 | +€97 | +8.6% |
| Gross operating margin | 9900 | €68,812 | €52,649 | -€16,164 | -23.5% |
| Operating profit (loss) | 9901 | €66,992 | €50,869 | -€16,123 | -24.1% |
| Financial income | 75/76B | €7,204 | €4,498 | -€2,705 | -37.6% |
| Recurring financial income | 75 | €7,204 | €4,498 | -€2,705 | -37.6% |
| Financial charges | 65/66B | €2,537 | €1,661 | -€876 | -34.5% |
| Recurring financial charges | 65 | €2,537 | €1,661 | -€876 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €71,658 | €53,706 | -€17,952 | -25.1% |
| Income taxes | 67/77 | €19,897 | €15,173 | -€4,725 | -23.7% |
| Profit (loss) for the period | 9904 | €51,761 | €38,533 | -€13,228 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,761 | €38,533 | -€13,228 | -25.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.