VENETO: 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.
VENETO
Largest movements
- Stocks and contracts -€210,132
no longer reported in 2025 (was €210,132)
- Current investments +€175,000
up €175,000 (+70.0%), from €250,000 to €425,000
- Receivables within one year -€96,942
down €96,942 (-31.9%), from €303,442 to €206,500
of which Other amounts receivable: -€92,042
- Tangible fixed assets -€15,623
down €15,623 (-53.0%), from €29,488 to €13,865
of which Furniture and vehicles: -€12,455
- Cash +€10,159
up €10,159 (+53.9%), from €18,838 to €28,996
mainly Stocks and contracts (+€210,132) and Receivables within one year (+€96,942)
- Profit (loss) carried forward -€136,158
down €136,158 (-21.4%), from -€637,218 to -€773,376
- Financial charges +€117,538
up €117,538 (+689.2%), from €17,053 to €134,591
- Financial income +€74,932
new in 2025: €74,932
- Gross operating margin -€46,614
down €46,614 (-802.6%), from -€5,808 to -€52,421
- Other operating charges +€4,628
up €4,628 (+156.0%), from €2,967 to €7,594
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 | €817,913 | €680,148 | -€137,765 | -16.8% |
| Fixed assets | 21/28 | €32,013 | €16,365 | -€15,648 | -48.9% |
| Tangible fixed assets | 22/27 | €29,488 | €13,865 | -€15,623 | -53.0% |
| Land and buildings | 22 | €3,168 | - | -€3,168 | |
| Furniture and vehicles | 24 | €26,320 | €13,865 | -€12,455 | -47.3% |
| Financial fixed assets | 28 | €2,525 | €2,500 | -€25 | -1.0% |
| Current assets | 29/58 | €785,900 | €663,783 | -€122,117 | -15.5% |
| Stocks and contracts in progress | 3 | €210,132 | - | -€210,132 | |
| Stocks | 30/36 | €210,132 | - | -€210,132 | |
| Amounts receivable within one year | 40/41 | €303,442 | €206,500 | -€96,942 | -31.9% |
| Trade receivables | 40 | €4,900 | - | -€4,900 | |
| Other amounts receivable | 41 | €298,542 | €206,500 | -€92,042 | -30.8% |
| Current investments | 50/53 | €250,000 | €425,000 | +€175,000 | +70.0% |
| Cash at bank and in hand | 54/58 | €18,838 | €28,996 | +€10,159 | +53.9% |
| Deferred charges and accrued income | 490/1 | €3,489 | €3,287 | -€202 | -5.8% |
| Total equity and liabilities | 10/49 | €817,913 | €680,148 | -€137,765 | -16.8% |
| Equity | 10/15 | €671,355 | €535,196 | -€136,158 | -20.3% |
| Contributions | 10/11 | €1,308,000 | €1,308,000 | = | 0.0% |
| Reserves | 13 | €573 | €573 | = | 0.0% |
| Distributable reserves | 133 | €573 | €573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€637,218 | -€773,376 | -€136,158 | -21.4% |
| Amounts payable | 17/49 | €146,558 | €144,951 | -€1,607 | -1.1% |
| Amounts payable within one year | 42/48 | €146,558 | €144,951 | -€1,607 | -1.1% |
| Trade debts | 44 | €2,422 | €2,029 | -€393 | -16.2% |
| Suppliers | 440/4 | €2,422 | €2,029 | -€393 | -16.2% |
| Taxes, remuneration and social security | 45 | €1,657 | €1,931 | +€274 | +16.5% |
| Taxes | 450/3 | €1,657 | €1,931 | +€274 | +16.5% |
| Other amounts payable | 47/48 | €142,479 | €140,991 | -€1,488 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,401 | €9,086 | -€315 | -3.3% |
| Other operating charges | 640/8 | €2,967 | €7,594 | +€4,628 | +156.0% |
| Non-recurring operating charges | 66A | - | €6,537 | +€6,537 | |
| Gross operating margin | 9900 | -€5,808 | -€52,421 | -€46,614 | -802.6% |
| Operating profit (loss) | 9901 | -€18,175 | -€75,638 | -€57,463 | -316.2% |
| Financial income | 75/76B | - | €74,932 | +€74,932 | |
| Recurring financial income | 75 | - | €74,932 | +€74,932 | |
| Financial charges | 65/66B | €17,053 | €134,591 | +€117,538 | +689.2% |
| Recurring financial charges | 65 | €17,053 | €134,591 | +€117,538 | +689.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,228 | -€135,297 | -€100,069 | -284.1% |
| Income taxes | 67/77 | €903 | €861 | -€42 | -4.6% |
| Profit (loss) for the period | 9904 | -€36,131 | -€136,158 | -€100,028 | -276.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,131 | -€136,158 | -€100,028 | -276.8% |
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 6 October 2026 via checked.be.