VENIM: 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.
VENIM
Largest movements
- Current investments +€400,000
up €400,000 (+133.3%), from €300,000 to €700,000
- Cash -€317,230
down €317,230 (-52.0%), from €610,279 to €293,050
mainly Current investments (-€400,000) and Current portion of long-term debt (-€37,123)
- Tangible fixed assets -€94,070
down €94,070 (-10.7%), from €879,079 to €785,008
of which Land and buildings: -€87,882
- Current portion of long-term debt -€37,123
down €37,123 (-100.0%), from €37,123 to €0
- Reserves +€23,007
up €23,007 (+10.7%), from €214,645 to €237,652
of which Distributable reserves: +€23,007
- Financial income -€11,034
down €11,034 (-34.1%), from €32,334 to €21,299
- Other operating charges -€8,705
down €8,705 (-55.9%), from €15,579 to €6,874
- Gross operating margin -€7,758
down €7,758 (-5.5%), from €141,157 to €133,399
- Depreciation +€6,082
up €6,082 (+6.7%), from €91,187 to €97,269
- Taxes -€3,371
down €3,371 (-25.0%), from €13,471 to €10,101
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 | €1,791,262 | €1,780,899 | -€10,364 | -0.6% |
| Fixed assets | 21/28 | €879,079 | €785,008 | -€94,070 | -10.7% |
| Tangible fixed assets | 22/27 | €879,079 | €785,008 | -€94,070 | -10.7% |
| Land and buildings | 22 | €848,468 | €760,586 | -€87,882 | -10.4% |
| Furniture and vehicles | 24 | €30,611 | €24,423 | -€6,188 | -20.2% |
| Current assets | 29/58 | €912,183 | €995,890 | +€83,707 | +9.2% |
| Amounts receivable within one year | 40/41 | €300 | €300 | = | 0.0% |
| Other amounts receivable | 41 | €300 | €300 | = | 0.0% |
| Current investments | 50/53 | €300,000 | €700,000 | +€400,000 | +133.3% |
| Cash at bank and in hand | 54/58 | €610,279 | €293,050 | -€317,230 | -52.0% |
| Deferred charges and accrued income | 490/1 | €1,604 | €2,541 | +€937 | +58.4% |
| Total equity and liabilities | 10/49 | €1,791,262 | €1,780,899 | -€10,364 | -0.6% |
| Equity | 10/15 | €1,123,058 | €1,148,063 | +€25,005 | +2.2% |
| Contributions | 10/11 | €908,414 | €908,414 | = | 0.0% |
| Reserves | 13 | €214,645 | €237,652 | +€23,007 | +10.7% |
| Non-distributable reserves | 130/1 | €4,148 | €4,148 | = | 0.0% |
| Other | 1319 | €4,148 | €4,148 | = | 0.0% |
| Distributable reserves | 133 | €210,497 | €233,504 | +€23,007 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | €1,998 | +€1,998 | |
| Amounts payable | 17/49 | €668,204 | €632,836 | -€35,368 | -5.3% |
| Amounts payable after more than one year | 17 | €590,614 | €596,867 | +€6,253 | +1.1% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €590,614 | €596,867 | +€6,253 | +1.1% |
| Amounts payable within one year | 42/48 | €62,008 | €19,851 | -€42,157 | -68.0% |
| Current portion of amounts payable after more than one year | 42 | €37,123 | €0 | -€37,123 | -100.0% |
| Trade debts | 44 | €7,948 | €2,729 | -€5,219 | -65.7% |
| Suppliers | 440/4 | €7,948 | €2,729 | -€5,219 | -65.7% |
| Taxes, remuneration and social security | 45 | €7,997 | €3,711 | -€4,286 | -53.6% |
| Taxes | 450/3 | €7,997 | €3,711 | -€4,286 | -53.6% |
| Other amounts payable | 47/48 | €8,941 | €13,411 | +€4,470 | +50.0% |
| Accrued charges and deferred income | 492/3 | €15,583 | €16,118 | +€536 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,187 | €97,269 | +€6,082 | +6.7% |
| Other operating charges | 640/8 | €15,579 | €6,874 | -€8,705 | -55.9% |
| Gross operating margin | 9900 | €141,157 | €133,399 | -€7,758 | -5.5% |
| Operating profit (loss) | 9901 | €34,391 | €29,256 | -€5,135 | -14.9% |
| Financial income | 75/76B | €32,334 | €21,299 | -€11,034 | -34.1% |
| Recurring financial income | 75 | €32,334 | €21,299 | -€11,034 | -34.1% |
| Financial charges | 65/66B | €15,986 | €15,450 | -€536 | -3.4% |
| Recurring financial charges | 65 | €15,986 | €15,450 | -€536 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €50,738 | €35,105 | -€15,633 | -30.8% |
| Income taxes | 67/77 | €13,471 | €10,101 | -€3,371 | -25.0% |
| Profit (loss) for the period | 9904 | €37,267 | €25,005 | -€12,262 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,267 | €25,005 | -€12,262 | -32.9% |
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 3 October 2026 via checked.be.