VENGA PADEL: 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.
VENGA PADEL
Largest movements
- Receivables within one year -€114,956
down €114,956 (-69.2%), from €166,090 to €51,133
of which Trade receivables: -€94,487
- Tangible fixed assets +€106,383
up €106,383 (+5.4%), from €2.0m to €2.1m
of which Furniture and vehicles: +€91,841
- Cash +€61,984
up €61,984 (+851%), from €7,287 to €69,271
mainly Other debts (+€298,250) and Depreciation (+€147,660)
- Other debts +€298,250
up €298,250 (+12.9%), from €2.3m to €2.6m
- Profit (loss) carried forward -€180,909
down €180,909 (-62.1%), from -€291,543 to -€472,452
- Trade debts -€90,159
down €90,159 (-70.3%), from €128,251 to €38,092
- Advances received +€30,130
new in 2025: €30,130
- Depreciation +€45,639
up €45,639 (+44.7%), from €102,021 to €147,660
- Gross operating margin +€39,750
up €39,750 (+60.3%), from -€65,954 to -€26,204
- Financial income -€4,547
down €4,547 (-99.7%), from €4,559 to €12
- Other operating charges +€2,866
up €2,866 (+74.8%), from €3,832 to €6,698
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.
Derived cash bridge
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 | €2,152,924 | €2,210,512 | +€57,588 | +2.7% |
| Fixed assets | 21/28 | €1,978,688 | €2,087,169 | +€108,481 | +5.5% |
| Intangible fixed assets | 21 | - | €2,099 | +€2,099 | |
| Tangible fixed assets | 22/27 | €1,971,409 | €2,077,792 | +€106,383 | +5.4% |
| Land and buildings | 22 | €711,178 | €693,905 | -€17,273 | -2.4% |
| Plant, machinery and equipment | 23 | €11,830 | €43,644 | +€31,814 | +269% |
| Furniture and vehicles | 24 | €1,248,401 | €1,340,242 | +€91,841 | +7.4% |
| Financial fixed assets | 28 | €7,279 | €7,279 | = | 0.0% |
| Current assets | 29/58 | €174,236 | €123,342 | -€50,894 | -29.2% |
| Amounts receivable within one year | 40/41 | €166,090 | €51,133 | -€114,956 | -69.2% |
| Trade receivables | 40 | €130,869 | €36,382 | -€94,487 | -72.2% |
| Other amounts receivable | 41 | €35,221 | €14,751 | -€20,469 | -58.1% |
| Cash at bank and in hand | 54/58 | €7,287 | €69,271 | +€61,984 | +851% |
| Deferred charges and accrued income | 490/1 | €860 | €2,938 | +€2,079 | +242% |
| Total equity and liabilities | 10/49 | €2,152,924 | €2,210,512 | +€57,588 | +2.7% |
| Equity | 10/15 | -€288,543 | -€469,452 | -€180,909 | -62.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,543 | -€472,452 | -€180,909 | -62.1% |
| Amounts payable | 17/49 | €2,441,467 | €2,679,964 | +€238,496 | +9.8% |
| Amounts payable within one year | 42/48 | €2,441,467 | €2,679,964 | +€238,496 | +9.8% |
| Trade debts | 44 | €128,251 | €38,092 | -€90,159 | -70.3% |
| Suppliers | 440/4 | €128,251 | €38,092 | -€90,159 | -70.3% |
| Advances received on contracts in progress | 46 | - | €30,130 | +€30,130 | |
| Taxes, remuneration and social security | 45 | €79 | €354 | +€275 | +349% |
| Taxes | 450/3 | €79 | €354 | +€275 | +349% |
| Other amounts payable | 47/48 | €2,313,137 | €2,611,388 | +€298,250 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,021 | €147,660 | +€45,639 | +44.7% |
| Other operating charges | 640/8 | €3,832 | €6,698 | +€2,866 | +74.8% |
| Gross operating margin | 9900 | -€65,954 | -€26,204 | +€39,750 | +60.3% |
| Operating profit (loss) | 9901 | -€171,807 | -€180,562 | -€8,755 | -5.1% |
| Financial income | 75/76B | €4,559 | €12 | -€4,547 | -99.7% |
| Recurring financial income | 75 | €4,559 | €12 | -€4,547 | -99.7% |
| Financial charges | 65/66B | €89 | €293 | +€204 | +228% |
| Recurring financial charges | 65 | €89 | €293 | +€204 | +228% |
| Profit (loss) for the period before taxes | 9903 | -€167,337 | -€180,843 | -€13,506 | -8.1% |
| Income taxes | 67/77 | - | €66 | +€66 | |
| Profit (loss) for the period | 9904 | -€167,337 | -€180,909 | -€13,571 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€167,337 | -€180,909 | -€13,571 | -8.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.