VENERECE: 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.
VENERECE
Largest movements
- Cash +€1,803
up €1,803 (+90.3%), from €1,998 to €3,801
mainly Other debts (+€8,506) and Net result for the year (+€6,450)
- Debts after one year -€8,508
down €8,508 (-9.5%), from €90,014 to €81,507
- Other debts +€8,506
up €8,506 (+49.7%), from €17,116 to €25,621
- Profit (loss) carried forward +€6,450
up €6,450 (+44.7%), from -€14,431 to -€7,980
- Trade debts -€3,417
down €3,417 (-62.6%), from €5,462 to €2,046
- Current portion of long-term debt -€2,331
down €2,331 (-21.5%), from €10,838 to €8,508
- Depreciation -€6,000
down €6,000 (-100.0%), from €6,000 to €0
- Gross operating margin -€5,558
down €5,558 (-35.7%), from €15,567 to €10,009
- Financial charges +€649
up €649 (+99.6%), from €652 to €1,302
- Taxes +€238
up €238 (+15.3%), from €1,560 to €1,798
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 | €131,529 | €132,678 | +€1,149 | +0.9% |
| Fixed assets | 21/28 | €127,070 | €127,070 | = | 0.0% |
| Tangible fixed assets | 22/27 | €127,000 | €127,000 | = | 0.0% |
| Land and buildings | 22 | €127,000 | €127,000 | = | 0.0% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €4,459 | €5,608 | +€1,149 | +25.8% |
| Amounts receivable within one year | 40/41 | €2,461 | €1,719 | -€742 | -30.2% |
| Trade receivables | 40 | €2,168 | €1,425 | -€742 | -34.3% |
| Other amounts receivable | 41 | €294 | €294 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,998 | €3,801 | +€1,803 | +90.3% |
| Deferred charges and accrued income | 490/1 | - | €88 | +€88 | |
| Total equity and liabilities | 10/49 | €131,529 | €132,678 | +€1,149 | +0.9% |
| Equity | 10/15 | €5,569 | €12,020 | +€6,450 | +115.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,431 | -€7,980 | +€6,450 | +44.7% |
| Amounts payable | 17/49 | €125,960 | €120,658 | -€5,301 | -4.2% |
| Amounts payable after more than one year | 17 | €90,014 | €81,507 | -€8,508 | -9.5% |
| Financial debts | 170/4 | €90,014 | €81,507 | -€8,508 | -9.5% |
| Amounts payable within one year | 42/48 | €35,945 | €39,152 | +€3,206 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €10,838 | €8,508 | -€2,331 | -21.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,462 | €2,046 | -€3,417 | -62.6% |
| Suppliers | 440/4 | €5,462 | €2,046 | -€3,417 | -62.6% |
| Taxes, remuneration and social security | 45 | €2,529 | €2,977 | +€448 | +17.7% |
| Taxes | 450/3 | €2,529 | €2,977 | +€448 | +17.7% |
| Other amounts payable | 47/48 | €17,116 | €25,621 | +€8,506 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,000 | €0 | -€6,000 | -100.0% |
| Other operating charges | 640/8 | €464 | €467 | +€3 | +0.6% |
| Gross operating margin | 9900 | €15,567 | €10,009 | -€5,558 | -35.7% |
| Operating profit (loss) | 9901 | €9,103 | €9,542 | +€439 | +4.8% |
| Financial income | 75/76B | €31 | €8 | -€23 | -74.3% |
| Recurring financial income | 75 | €31 | €8 | -€23 | -74.3% |
| Financial charges | 65/66B | €652 | €1,302 | +€649 | +99.6% |
| Recurring financial charges | 65 | €652 | €1,302 | +€649 | +99.6% |
| Profit (loss) for the period before taxes | 9903 | €8,482 | €8,248 | -€233 | -2.7% |
| Income taxes | 67/77 | €1,560 | €1,798 | +€238 | +15.3% |
| Profit (loss) for the period | 9904 | €6,922 | €6,450 | -€472 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,922 | €6,450 | -€472 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.