VENIMMO: 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.
VENIMMO
Largest movements
- Tangible fixed assets +€2.6m
up €2.6m (+49.9%), from €5.1m to €7.7m
of which Land and buildings: +€2.4m
- Receivables within one year -€2.3m
down €2.3m (-25.6%), from €9.0m to €6.7m
of which Other amounts receivable: -€2.3m
- Advances received +€753,638
up €753,638 (+350.3%), from €215,150 to €968,788
- Debts after one year -€475,742
down €475,742 (-47.6%), from €1.0m to €524,258
- Short-term financial debts +€294,500
up €294,500, from €0 to €294,500
of which Credit institutions: +€194,500
- Other debts -€194,042
down €194,042 (-3.3%), from €5.8m to €5.6m
- Reserves -€160,493
down €160,493 (-3.2%), from €5.0m to €4.9m
of which Tax-exempt reserves: -€160,493
- Gross operating margin -€194,125
down €194,125 (-95.8%), from €202,604 to €8,480
- Depreciation +€121,297
up €121,297 (+146.8%), from €82,625 to €203,922
- Financial charges +€29,138
up €29,138 (+195.0%), from €14,945 to €44,082
- Other operating charges +€4,044
up €4,044 (+26.2%), from €15,443 to €19,488
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 | €14,462,354 | €14,722,524 | +€260,170 | +1.8% |
| Fixed assets | 21/28 | €5,142,357 | €7,711,525 | +€2.6m | +50.0% |
| Intangible fixed assets | 21 | - | €4,751 | +€4,751 | |
| Tangible fixed assets | 22/27 | €5,142,357 | €7,706,774 | +€2.6m | +49.9% |
| Land and buildings | 22 | €5,092,314 | €7,472,219 | +€2.4m | +46.7% |
| Plant, machinery and equipment | 23 | €48,955 | €225,108 | +€176,153 | +359.8% |
| Furniture and vehicles | 24 | €1,088 | €9,447 | +€8,359 | +768.1% |
| Current assets | 29/58 | €9,319,997 | €7,010,999 | -€2.3m | -24.8% |
| Stocks and contracts in progress | 3 | €302,843 | €302,245 | -€598 | -0.2% |
| Stocks | 30/36 | €302,843 | €302,245 | -€598 | -0.2% |
| Amounts receivable within one year | 40/41 | €8,976,604 | €6,677,496 | -€2.3m | -25.6% |
| Trade receivables | 40 | €36,247 | €0 | -€36,247 | -100.0% |
| Other amounts receivable | 41 | €8,940,357 | €6,677,496 | -€2.3m | -25.3% |
| Cash at bank and in hand | 54/58 | €4,629 | €29,576 | +€24,948 | +539.0% |
| Deferred charges and accrued income | 490/1 | €35,921 | €1,681 | -€34,240 | -95.3% |
| Total equity and liabilities | 10/49 | €14,462,354 | €14,722,524 | +€260,170 | +1.8% |
| Equity | 10/15 | €5,815,508 | €5,605,437 | -€210,072 | -3.6% |
| Contributions | 10/11 | €697,405 | €697,405 | = | 0.0% |
| Reserves | 13 | €5,031,766 | €4,871,273 | -€160,493 | -3.2% |
| Tax-exempt reserves | 132 | €4,276,329 | €4,115,836 | -€160,493 | -3.8% |
| Distributable reserves | 133 | €755,437 | €755,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,337 | €36,759 | -€49,578 | -57.4% |
| Provisions and deferred taxes | 16 | €1,425,443 | €1,371,945 | -€53,498 | -3.8% |
| Deferred taxes | 168 | €1,425,443 | €1,371,945 | -€53,498 | -3.8% |
| Amounts payable | 17/49 | €7,221,403 | €7,745,142 | +€523,739 | +7.3% |
| Amounts payable after more than one year | 17 | €1,000,000 | €524,258 | -€475,742 | -47.6% |
| Financial debts | 170/4 | €1,000,000 | €524,258 | -€475,742 | -47.6% |
| Amounts payable within one year | 42/48 | €6,221,403 | €7,220,884 | +€999,481 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €4,951 | €29,581 | +€24,629 | +497.4% |
| Financial debts | 43 | €0 | €294,500 | +€294,500 | |
| Credit institutions | 430/8 | €0 | €194,500 | +€194,500 | |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €161,384 | €279,606 | +€118,222 | +73.3% |
| Suppliers | 440/4 | €161,384 | €279,606 | +€118,222 | +73.3% |
| Advances received on contracts in progress | 46 | €215,150 | €968,788 | +€753,638 | +350.3% |
| Taxes, remuneration and social security | 45 | €6,645 | €9,179 | +€2,534 | +38.1% |
| Taxes | 450/3 | €6,645 | €9,179 | +€2,534 | +38.1% |
| Other amounts payable | 47/48 | €5,833,273 | €5,639,231 | -€194,042 | -3.3% |
| Non-recurring operating income | 76A | €147,782 | €5,888 | -€141,894 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,625 | €203,922 | +€121,297 | +146.8% |
| Other operating charges | 640/8 | €15,443 | €19,488 | +€4,044 | +26.2% |
| Non-recurring operating charges | 66A | €0 | €5,133 | +€5,133 | |
| Gross operating margin | 9900 | €202,604 | €8,480 | -€194,125 | -95.8% |
| Operating profit (loss) | 9901 | €104,536 | -€220,063 | -€324,598 | |
| Financial income | 75/76B | €24 | €576 | +€552 | +2339.3% |
| Recurring financial income | 75 | €24 | €576 | +€552 | +2339.3% |
| Financial charges | 65/66B | €14,945 | €44,082 | +€29,138 | +195.0% |
| Recurring financial charges | 65 | €14,945 | €44,082 | +€29,138 | +195.0% |
| Profit (loss) for the period before taxes | 9903 | €89,615 | -€263,569 | -€353,184 | |
| Transfer from deferred taxes | 780 | €15,343 | €53,498 | +€38,155 | +248.7% |
| Profit (loss) for the period | 9904 | €104,957 | -€210,072 | -€315,029 | |
| Transfer from tax-exempt reserves | 789 | €46,028 | €160,493 | +€114,466 | +248.7% |
| Profit (loss) for the period to be appropriated | 9905 | €150,985 | -€49,578 | -€200,563 |
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 30 September 2026 via checked.be.