VENI: 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.
VENI
Largest movements
- Receivables within one year -€179,335
down €179,335 (-84.6%), from €212,024 to €32,689
of which Other amounts receivable: -€196,225
- Receivables after one year +€125,464
up €125,464 (+8.0%), from €1.6m to €1.7m
- Tangible fixed assets -€36,329
down €36,329 (-35.2%), from €103,292 to €66,963
- Deferred charges and accrued income -€35,355
down €35,355 (-48.5%), from €72,904 to €37,548
- Other debts +€197,795
up €197,795 (+8970.3%), from €2,205 to €200,000
- Reserves -€159,192
down €159,192 (-20.7%), from €767,892 to €608,700
of which Distributable reserves: -€159,192
- Debts after one year -€131,389
down €131,389 (-14.7%), from €893,097 to €761,709
of which Other amounts payable: -€80,889
- Accrued charges and deferred income -€31,997
down €31,997 (-94.0%), from €34,023 to €2,026
- Gross operating margin -€570,517
down €570,517 (-93.7%), from €609,000 to €38,483
- Financial income -€32,251
down €32,251 (-46.1%), from €69,904 to €37,654
- Financial charges -€23,789
down €23,789 (-63.4%), from €37,546 to €13,757
- Taxes +€12,326
up €12,326 (+416.4%), from €2,960 to €15,286
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 | €1,971,643 | €1,856,854 | -€114,789 | -5.8% |
| Fixed assets | 21/28 | €103,292 | €66,963 | -€36,329 | -35.2% |
| Tangible fixed assets | 22/27 | €103,292 | €66,963 | -€36,329 | -35.2% |
| Land and buildings | 22 | €103,292 | €66,963 | -€36,329 | -35.2% |
| Current assets | 29/58 | €1,868,351 | €1,789,891 | -€78,460 | -4.2% |
| Amounts receivable after more than one year | 29 | €1,561,583 | €1,687,047 | +€125,464 | +8.0% |
| Other amounts receivable | 291 | €1,561,583 | €1,687,047 | +€125,464 | +8.0% |
| Amounts receivable within one year | 40/41 | €212,024 | €32,689 | -€179,335 | -84.6% |
| Trade receivables | 40 | €3,643 | €20,533 | +€16,890 | +463.6% |
| Other amounts receivable | 41 | €208,381 | €12,156 | -€196,225 | -94.2% |
| Cash at bank and in hand | 54/58 | €21,840 | €32,607 | +€10,766 | +49.3% |
| Deferred charges and accrued income | 490/1 | €72,904 | €37,548 | -€35,355 | -48.5% |
| Total equity and liabilities | 10/49 | €1,971,643 | €1,856,854 | -€114,789 | -5.8% |
| Equity | 10/15 | €829,892 | €670,700 | -€159,192 | -19.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €767,892 | €608,700 | -€159,192 | -20.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €469,432 | €469,432 | = | 0.0% |
| Distributable reserves | 133 | €292,260 | €133,068 | -€159,192 | -54.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €156,477 | €156,477 | = | 0.0% |
| Deferred taxes | 168 | €156,477 | €156,477 | = | 0.0% |
| Amounts payable | 17/49 | €985,274 | €1,029,677 | +€44,403 | +4.5% |
| Amounts payable after more than one year | 17 | €893,097 | €761,709 | -€131,389 | -14.7% |
| Financial debts | 170/4 | €812,208 | €761,709 | -€50,500 | -6.2% |
| Other amounts payable | 178/9 | €80,889 | €0 | -€80,889 | -100.0% |
| Amounts payable within one year | 42/48 | €58,154 | €265,942 | +€207,789 | +357.3% |
| Current portion of amounts payable after more than one year | 42 | €50,500 | €50,500 | = | 0.0% |
| Trade debts | 44 | €4,466 | €157 | -€4,309 | -96.5% |
| Suppliers | 440/4 | €4,466 | €157 | -€4,309 | -96.5% |
| Taxes, remuneration and social security | 45 | €983 | €15,286 | +€14,303 | +1455.6% |
| Taxes | 450/3 | €983 | €15,286 | +€14,303 | +1455.6% |
| Other amounts payable | 47/48 | €2,205 | €200,000 | +€197,795 | +8970.3% |
| Accrued charges and deferred income | 492/3 | €34,023 | €2,026 | -€31,997 | -94.0% |
| Other operating charges | 640/8 | €4,047 | €6,286 | +€2,239 | +55.3% |
| Gross operating margin | 9900 | €609,000 | €38,483 | -€570,517 | -93.7% |
| Operating profit (loss) | 9901 | €604,953 | €32,197 | -€572,756 | -94.7% |
| Financial income | 75/76B | €69,904 | €37,654 | -€32,251 | -46.1% |
| Recurring financial income | 75 | €69,904 | €37,654 | -€32,251 | -46.1% |
| Financial charges | 65/66B | €37,546 | €13,757 | -€23,789 | -63.4% |
| Recurring financial charges | 65 | €37,546 | €13,757 | -€23,789 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | €637,311 | €56,094 | -€581,217 | -91.2% |
| Transfer to deferred taxes | 680 | €156,477 | €0 | -€156,477 | -100.0% |
| Income taxes | 67/77 | €2,960 | €15,286 | +€12,326 | +416.4% |
| Profit (loss) for the period | 9904 | €477,874 | €40,808 | -€437,066 | -91.5% |
| Transfer to tax-exempt reserves | 689 | €469,432 | €0 | -€469,432 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,442 | €40,808 | +€32,366 | +383.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.