VENISE: 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.
VENISE
Largest movements
- Cash +€5,273
up €5,273 (+5.8%), from €91,595 to €96,868
mainly Stocks and contracts (+€1,835) and Net result for the year (+€1,623)
- Stocks and contracts -€1,835
down €1,835 (-4.8%), from €38,200 to €36,365
- Reserves +€1,623
up €1,623 (+7.4%), from €21,898 to €23,521
of which Distributable reserves: +€1,623
- Tax, wage and social debts +€1,365
up €1,365 (+28.9%), from €4,729 to €6,094
- Gross operating margin -€7,634
down €7,634 (-66.7%), from €11,447 to €3,813
- Taxes -€1,728
down €1,728 (-57.6%), from €2,998 to €1,271
- Other operating charges +€456
up €456 (+117.7%), from €387 to €843
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 | €129,909 | €133,962 | +€4,053 | +3.1% |
| Current assets | 29/58 | €129,909 | €133,962 | +€4,053 | +3.1% |
| Stocks and contracts in progress | 3 | €38,200 | €36,365 | -€1,835 | -4.8% |
| Stocks | 30/36 | €38,200 | €36,365 | -€1,835 | -4.8% |
| Amounts receivable within one year | 40/41 | €114 | €729 | +€615 | +539.5% |
| Trade receivables | 40 | €114 | - | -€114 | |
| Other amounts receivable | 41 | - | €729 | +€729 | |
| Cash at bank and in hand | 54/58 | €91,595 | €96,868 | +€5,273 | +5.8% |
| Total equity and liabilities | 10/49 | €129,909 | €133,962 | +€4,053 | +3.1% |
| Equity | 10/15 | €121,712 | €123,334 | +€1,623 | +1.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €21,898 | €23,521 | +€1,623 | +7.4% |
| Tax-exempt reserves | 132 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €18,924 | €20,546 | +€1,623 | +8.6% |
| Profit (loss) carried forward | 14 | €81,221 | €81,221 | = | 0.0% |
| Amounts payable | 17/49 | €8,197 | €10,628 | +€2,430 | +29.6% |
| Amounts payable within one year | 42/48 | €8,197 | €10,628 | +€2,430 | +29.6% |
| Financial debts | 43 | €682 | €682 | +€0 | 0.0% |
| Credit institutions | 430/8 | €682 | €682 | +€0 | 0.0% |
| Trade debts | 44 | €2,786 | €3,852 | +€1,066 | +38.3% |
| Suppliers | 440/4 | €2,786 | €3,852 | +€1,066 | +38.3% |
| Taxes, remuneration and social security | 45 | €4,729 | €6,094 | +€1,365 | +28.9% |
| Taxes | 450/3 | €4,729 | €6,094 | +€1,365 | +28.9% |
| Other operating charges | 640/8 | €387 | €843 | +€456 | +117.7% |
| Gross operating margin | 9900 | €11,447 | €3,813 | -€7,634 | -66.7% |
| Operating profit (loss) | 9901 | €11,060 | €2,970 | -€8,090 | -73.1% |
| Financial income | 75/76B | €97 | - | -€97 | |
| Recurring financial income | 75 | €97 | - | -€97 | |
| Financial charges | 65/66B | €177 | €77 | -€100 | -56.5% |
| Recurring financial charges | 65 | €177 | €77 | -€100 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €10,980 | €2,893 | -€8,087 | -73.6% |
| Income taxes | 67/77 | €2,998 | €1,271 | -€1,728 | -57.6% |
| Profit (loss) for the period | 9904 | €7,982 | €1,623 | -€6,359 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,982 | €1,623 | -€6,359 | -79.7% |
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 11 October 2026 via checked.be.