VENIC: 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.
VENIC
Largest movements
- Tangible fixed assets -€22,254
down €22,254 (-14.0%), from €158,542 to €136,288
of which Plant, machinery and equipment: -€21,067
- Cash -€12,385
down €12,385 (-39.7%), from €31,230 to €18,845
mainly Debts after one year (-€22,735) and Net result for the year (-€21,555)
- Receivables within one year +€8,865
up €8,865 (+11.1%), from €80,201 to €89,066
of which Trade receivables: +€16,148
- Debts after one year -€22,735
down €22,735 (-20.8%), from €109,062 to €86,326
- Reserves -€21,510
down €21,510 (-12.7%), from €169,730 to €148,220
of which Distributable reserves: -€21,510
- Trade debts +€10,761
up €10,761 (+58.8%), from €18,295 to €29,056
- Other debts +€10,424
new in 2025: €10,424
- Depreciation +€7,710
up €7,710 (+39.5%), from €19,544 to €27,254
- Gross operating margin -€7,701
down €7,701 (-9.8%), from €78,228 to €70,526
- Financial charges +€1,627
up €1,627 (+37.0%), from €4,397 to €6,024
- Staff costs +€1,450
up €1,450 (+2.6%), from €55,624 to €57,075
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 | €345,299 | €317,745 | -€27,554 | -8.0% |
| Fixed assets | 21/28 | €158,592 | €136,338 | -€22,254 | -14.0% |
| Tangible fixed assets | 22/27 | €158,542 | €136,288 | -€22,254 | -14.0% |
| Plant, machinery and equipment | 23 | €155,413 | €134,346 | -€21,067 | -13.6% |
| Furniture and vehicles | 24 | €3,130 | €1,943 | -€1,187 | -37.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €186,707 | €181,407 | -€5,300 | -2.8% |
| Stocks and contracts in progress | 3 | €70,725 | €69,093 | -€1,632 | -2.3% |
| Stocks | 30/36 | €70,725 | €69,093 | -€1,632 | -2.3% |
| Amounts receivable within one year | 40/41 | €80,201 | €89,066 | +€8,865 | +11.1% |
| Trade receivables | 40 | €64,153 | €80,301 | +€16,148 | +25.2% |
| Other amounts receivable | 41 | €16,049 | €8,765 | -€7,284 | -45.4% |
| Cash at bank and in hand | 54/58 | €31,230 | €18,845 | -€12,385 | -39.7% |
| Deferred charges and accrued income | 490/1 | €4,550 | €4,402 | -€148 | -3.3% |
| Total equity and liabilities | 10/49 | €345,299 | €317,745 | -€27,554 | -8.0% |
| Equity | 10/15 | €186,478 | €164,922 | -€21,555 | -11.6% |
| Contributions | 10/11 | €16,700 | €16,700 | = | 0.0% |
| Outside capital | 11 | €16,700 | €16,700 | = | 0.0% |
| Other | 1109/19 | €16,700 | €16,700 | = | 0.0% |
| Reserves | 13 | €169,730 | €148,220 | -€21,510 | -12.7% |
| Tax-exempt reserves | 132 | €6,040 | €6,040 | = | 0.0% |
| Distributable reserves | 133 | €163,690 | €142,180 | -€21,510 | -13.1% |
| Profit (loss) carried forward | 14 | €48 | €2 | -€45 | -95.0% |
| Amounts payable | 17/49 | €158,821 | €152,823 | -€5,999 | -3.8% |
| Amounts payable after more than one year | 17 | €109,062 | €86,326 | -€22,735 | -20.8% |
| Financial debts | 170/4 | €109,062 | €86,326 | -€22,735 | -20.8% |
| Amounts payable within one year | 42/48 | €46,314 | €63,978 | +€17,664 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €26,023 | €22,735 | -€3,287 | -12.6% |
| Trade debts | 44 | €18,295 | €29,056 | +€10,761 | +58.8% |
| Suppliers | 440/4 | €18,295 | €29,056 | +€10,761 | +58.8% |
| Taxes, remuneration and social security | 45 | €1,995 | €1,762 | -€233 | -11.7% |
| Taxes | 450/3 | €101 | €203 | +€101 | +100.0% |
| Remuneration and social security | 454/9 | €1,894 | €1,559 | -€335 | -17.7% |
| Other amounts payable | 47/48 | - | €10,424 | +€10,424 | |
| Accrued charges and deferred income | 492/3 | €3,446 | €2,519 | -€927 | -26.9% |
| Remuneration, social security and pensions | 62 | €55,624 | €57,075 | +€1,450 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,544 | €27,254 | +€7,710 | +39.5% |
| Other operating charges | 640/8 | €1,620 | €1,848 | +€228 | +14.1% |
| Gross operating margin | 9900 | €78,228 | €70,526 | -€7,701 | -9.8% |
| Operating profit (loss) | 9901 | €1,439 | -€15,650 | -€17,090 | |
| Financial income | 75/76B | €18 | €119 | +€101 | +573.0% |
| Recurring financial income | 75 | €18 | €119 | +€101 | +573.0% |
| Financial charges | 65/66B | €4,397 | €6,024 | +€1,627 | +37.0% |
| Recurring financial charges | 65 | €4,397 | €6,024 | +€1,627 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,940 | -€21,555 | -€18,615 | -633.2% |
| Income taxes | 67/77 | €64 | €0 | -€64 | -99.9% |
| Profit (loss) for the period | 9904 | -€3,004 | -€21,555 | -€18,552 | -617.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,004 | -€21,555 | -€18,552 | -617.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.