VENICO Projectontwikkeling: 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.
VENICO Projectontwikkeling
Largest movements
- Stocks and contracts -€915,300
down €915,300 (-57.0%), from €1.6m to €690,447
- Tangible fixed assets +€451,321
up €451,321 (+48.2%), from €936,635 to €1.4m
- Cash -€322,189
down €322,189 (-74.1%), from €434,513 to €112,324
mainly Debts after one year (-€788,572) and Investment in fixed assets (net) (-€493,165)
- Current investments +€252,587
up €252,587 (+56.0%), from €451,262 to €703,849
- Deferred charges and accrued income -€92,828
down €92,828 (-100%), from €92,828 to €0
- Debts after one year -€788,572
down €788,572 (-42.8%), from €1.8m to €1.1m
- Reserves +€222,125
up €222,125 (+19.8%), from €1.1m to €1.3m
of which Tax-exempt reserves: +€117,880
- Trade debts -€164,498
down €164,498 (-30.2%), from €545,520 to €381,022
- Tax, wage and social debts -€52,735
down €52,735 (-47.9%), from €109,994 to €57,259
- Other debts +€45,740
up €45,740 (+68,762%), from €67 to €45,807
- Gross operating margin +€280,613
up €280,613 (+293%), from €95,659 to €376,272
- Taxes +€63,311
up €63,311, from €0 to €63,311
- Other operating charges -€52,538
down €52,538 (-90.5%), from €58,059 to €5,521
- Financial income +€7,517
up €7,517 (+593%), from €1,268 to €8,784
- Depreciation +€5,854
up €5,854 (+16.3%), from €35,990 to €41,844
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 | €3,673,709 | €2,969,814 | -€703,895 | -19.2% |
| Fixed assets | 21/28 | €937,635 | €1,388,955 | +€451,321 | +48.1% |
| Tangible fixed assets | 22/27 | €936,635 | €1,387,955 | +€451,321 | +48.2% |
| Land and buildings | 22 | €936,635 | €1,387,955 | +€451,321 | +48.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €2,736,074 | €1,580,859 | -€1.2m | -42.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,605,747 | €690,447 | -€915,300 | -57.0% |
| Stocks | 30/36 | €1,605,747 | €690,447 | -€915,300 | -57.0% |
| Amounts receivable within one year | 40/41 | €151,725 | €74,238 | -€77,486 | -51.1% |
| Trade receivables | 40 | €149,617 | €16,855 | -€132,762 | -88.7% |
| Other amounts receivable | 41 | €2,108 | €57,384 | +€55,276 | +2,622% |
| Current investments | 50/53 | €451,262 | €703,849 | +€252,587 | +56.0% |
| Cash at bank and in hand | 54/58 | €434,513 | €112,324 | -€322,189 | -74.1% |
| Deferred charges and accrued income | 490/1 | €92,828 | €0 | -€92,828 | -100% |
| Total equity and liabilities | 10/49 | €3,673,709 | €2,969,814 | -€703,895 | -19.2% |
| Equity | 10/15 | €1,113,340 | €1,361,890 | +€248,550 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,121,165 | €1,343,290 | +€222,125 | +19.8% |
| Tax-exempt reserves | 132 | €290,490 | €408,370 | +€117,880 | +40.6% |
| Distributable reserves | 133 | €830,675 | €934,920 | +€104,245 | +12.5% |
| Profit (loss) carried forward | 14 | -€26,425 | €0 | +€26,425 | |
| Amounts payable | 17/49 | €2,560,369 | €1,607,924 | -€952,445 | -37.2% |
| Amounts payable after more than one year | 17 | €1,844,252 | €1,055,681 | -€788,572 | -42.8% |
| Financial debts | 170/4 | €1,844,252 | €1,055,681 | -€788,572 | -42.8% |
| Amounts payable within one year | 42/48 | €704,669 | €534,046 | -€170,623 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €49,089 | €49,959 | +€870 | +1.8% |
| Trade debts | 44 | €545,520 | €381,022 | -€164,498 | -30.2% |
| Suppliers | 440/4 | €545,520 | €381,022 | -€164,498 | -30.2% |
| Taxes, remuneration and social security | 45 | €109,994 | €57,259 | -€52,735 | -47.9% |
| Taxes | 450/3 | €109,994 | €57,259 | -€52,735 | -47.9% |
| Other amounts payable | 47/48 | €67 | €45,807 | +€45,740 | +68,762% |
| Accrued charges and deferred income | 492/3 | €11,447 | €18,197 | +€6,750 | +59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,990 | €41,844 | +€5,854 | +16.3% |
| Other operating charges | 640/8 | €58,059 | €5,521 | -€52,538 | -90.5% |
| Gross operating margin | 9900 | €95,659 | €376,272 | +€280,613 | +293% |
| Operating profit (loss) | 9901 | €1,609 | €328,906 | +€327,297 | +20,336% |
| Financial income | 75/76B | €1,268 | €8,784 | +€7,517 | +593% |
| Recurring financial income | 75 | €1,268 | €8,784 | +€7,517 | +593% |
| Financial charges | 65/66B | €29,302 | €25,830 | -€3,472 | -11.8% |
| Recurring financial charges | 65 | €29,302 | €25,830 | -€3,472 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,425 | €311,861 | +€338,286 | |
| Income taxes | 67/77 | €0 | €63,311 | +€63,311 | |
| Profit (loss) for the period | 9904 | -€26,425 | €248,550 | +€274,975 | |
| Transfer to tax-exempt reserves | 689 | €0 | €117,880 | +€117,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,425 | €130,670 | +€157,095 |
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 31 October 2026 via checked.be.