VENEZIA VENTURES: what changed
VENEZIA VENTURES
Largest movements
- Cash -€74,869
down €74,869 (-21.2%), from €353,152 to €278,283
mainly Contributions, distributions and other (-€254,000) and Net result for the year (-€10,144)
- Equity -€264,144
down €264,144 (-92.0%), from €287,038 to €22,894
of which Profit (loss) carried forward: -€264,144
- Debts within one year +€186,687
up €186,687 (+245%), from €76,204 to €262,891
- Gross operating margin -€8,593
down €8,593 (-2,883%), from -€298 to -€8,891
- Taxes +€1,660
new in 2020: €1,660
- Depreciation -€209
no longer reported in 2020 (was €209)
Change in the result, 2019 to 2020
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 2019 and 2020 balance sheets and the 2020 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 | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,242 | €285,784 | -€77,458 | -21.3% |
| Current assets | 29/58 | €363,242 | €285,784 | -€77,458 | -21.3% |
| Amounts receivable within one year | 40/41 | €10,090 | €7,501 | -€2,588 | -25.7% |
| Cash at bank and in hand | 54/58 | €353,152 | €278,283 | -€74,869 | -21.2% |
| Total equity and liabilities | 10/49 | €363,242 | €285,784 | -€77,458 | -21.3% |
| Equity | 10/15 | €287,038 | €22,894 | -€264,144 | -92.0% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €3,514 | €3,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,924 | €780 | -€264,144 | -99.7% |
| Amounts payable | 17/49 | €76,204 | €262,891 | +€186,687 | +245% |
| Amounts payable within one year | 42/48 | €76,204 | €262,891 | +€186,687 | +245% |
| Trade debts | 44 | €3,204 | €8,891 | +€5,687 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209 | - | -€209 | |
| Gross operating margin | 9900 | -€298 | -€8,891 | -€8,593 | -2,883% |
| Operating profit (loss) | 9901 | -€5,449 | -€8,891 | -€3,442 | -63.2% |
| Recurring financial income | 75 | €295 | €616 | +€321 | +109% |
| Recurring financial charges | 65 | €1,526 | €209 | -€1,317 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,680 | -€8,484 | -€1,804 | -27.0% |
| Income taxes | 67/77 | - | €1,660 | +€1,660 | |
| Profit (loss) for the period | 9904 | -€6,680 | -€10,144 | -€3,464 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,680 | -€10,144 | -€3,464 | -51.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.