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 +€100,178
up €100,178 (+16.2%), from €617,663 to €717,841
of which Other amounts receivable: +€155,262
- Other debts +€434,146
new in 2025: €434,146
- Reserves -€261,474
down €261,474 (-34.8%), from €751,040 to €489,566
- Tax, wage and social debts -€73,061
down €73,061 (-33.9%), from €215,250 to €142,189
- Gross operating margin +€83,750
up €83,750 (+59.8%), from €140,085 to €223,835
- Taxes +€32,429
up €32,429 (+61.9%), from €52,380 to €84,809
- Financial charges -€8,889
down €8,889 (-49.5%), from €17,972 to €9,083
- Financial income +€3,882
up €3,882 (+8.3%), from €46,544 to €50,426
- Other operating charges +€2,692
up €2,692 (+104.5%), from €2,577 to €5,268
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 | €1,338,748 | €1,436,533 | +€97,785 | +7.3% |
| Fixed assets | 21/28 | €8,645 | €6,216 | -€2,429 | -28.1% |
| Tangible fixed assets | 22/27 | €8,645 | €6,216 | -€2,429 | -28.1% |
| Plant, machinery and equipment | 23 | €8,645 | €6,216 | -€2,429 | -28.1% |
| Current assets | 29/58 | €1,330,103 | €1,430,316 | +€100,214 | +7.5% |
| Amounts receivable after more than one year | 29 | €700,000 | €700,000 | = | 0.0% |
| Trade receivables | 290 | €700,000 | €700,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €617,663 | €717,841 | +€100,178 | +16.2% |
| Trade receivables | 40 | €151,494 | €96,410 | -€55,084 | -36.4% |
| Other amounts receivable | 41 | €466,169 | €621,431 | +€155,262 | +33.3% |
| Current investments | 50/53 | €11,340 | €11,340 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31 | €88 | +€58 | +186.5% |
| Deferred charges and accrued income | 490/1 | €1,069 | €1,047 | -€22 | -2.0% |
| Total equity and liabilities | 10/49 | €1,338,748 | €1,436,533 | +€97,785 | +7.3% |
| Equity | 10/15 | €763,440 | €501,966 | -€261,474 | -34.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €751,040 | €489,566 | -€261,474 | -34.8% |
| Distributable reserves | 133 | €751,040 | €489,566 | -€261,474 | -34.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €575,308 | €934,567 | +€359,258 | +62.4% |
| Amounts payable within one year | 42/48 | €571,348 | €930,607 | +€359,258 | +62.9% |
| Financial debts | 43 | €76,914 | €71,728 | -€5,186 | -6.7% |
| Credit institutions | 430/8 | €76,914 | €71,728 | -€5,186 | -6.7% |
| Trade debts | 44 | €279,184 | €282,544 | +€3,360 | +1.2% |
| Suppliers | 440/4 | €279,184 | €282,544 | +€3,360 | +1.2% |
| Taxes, remuneration and social security | 45 | €215,250 | €142,189 | -€73,061 | -33.9% |
| Taxes | 450/3 | €215,250 | €142,189 | -€73,061 | -33.9% |
| Other amounts payable | 47/48 | - | €434,146 | +€434,146 | |
| Accrued charges and deferred income | 492/3 | €3,960 | €3,960 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,663 | €2,429 | -€2,235 | -47.9% |
| Other operating charges | 640/8 | €2,577 | €5,268 | +€2,692 | +104.5% |
| Gross operating margin | 9900 | €140,085 | €223,835 | +€83,750 | +59.8% |
| Operating profit (loss) | 9901 | €132,845 | €216,138 | +€83,293 | +62.7% |
| Financial income | 75/76B | €46,544 | €50,426 | +€3,882 | +8.3% |
| Recurring financial income | 75 | €46,544 | €50,426 | +€3,882 | +8.3% |
| Financial charges | 65/66B | €17,972 | €9,083 | -€8,889 | -49.5% |
| Recurring financial charges | 65 | €17,972 | €9,083 | -€8,889 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €161,417 | €257,481 | +€96,064 | +59.5% |
| Income taxes | 67/77 | €52,380 | €84,809 | +€32,429 | +61.9% |
| Profit (loss) for the period | 9904 | €109,037 | €172,672 | +€63,635 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €109,037 | €172,672 | +€63,635 | +58.4% |
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 29 September 2026 via checked.be.