VENJA: 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.
VENJA
Largest movements
- Cash +€61,932
up €61,932 (+31.9%), from €194,031 to €255,963
mainly Net result for the year (+€96,764) and Depreciation (+€20,606)
- Reserves +€96,764
up €96,764 (+28.0%), from €346,048 to €442,812
of which Distributable reserves: +€96,764
- Debts after one year -€36,529
down €36,529 (-31.0%), from €118,011 to €81,482
of which Financial debts: -€23,163
- Current portion of long-term debt -€11,260
down €11,260 (-32.7%), from €34,423 to €23,163
- Tax, wage and social debts +€10,973
up €10,973 (+85.9%), from €12,772 to €23,745
- Gross operating margin +€47,369
up €47,369 (+37.9%), from €124,855 to €172,224
- Taxes +€15,099
up €15,099 (+45.6%), from €33,139 to €48,238
- Depreciation +€3,549
up €3,549 (+20.8%), from €17,056 to €20,606
- Financial charges -€2,383
down €2,383 (-24.2%), from €9,865 to €7,482
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 | €537,172 | €595,740 | +€58,568 | +10.9% |
| Fixed assets | 21/28 | €321,028 | €318,669 | -€2,359 | -0.7% |
| Tangible fixed assets | 22/27 | €321,000 | €318,641 | -€2,359 | -0.7% |
| Land and buildings | 22 | €311,445 | €298,883 | -€12,562 | -4.0% |
| Plant, machinery and equipment | 23 | €1,697 | €1,173 | -€525 | -30.9% |
| Furniture and vehicles | 24 | €7,858 | €18,585 | +€10,727 | +136.5% |
| Financial fixed assets | 28 | €28 | €28 | = | 0.0% |
| Current assets | 29/58 | €216,143 | €277,071 | +€60,927 | +28.2% |
| Amounts receivable within one year | 40/41 | €20,522 | €21,108 | +€587 | +2.9% |
| Trade receivables | 40 | €20,522 | €21,095 | +€574 | +2.8% |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €194,031 | €255,963 | +€61,932 | +31.9% |
| Deferred charges and accrued income | 490/1 | €1,591 | €0 | -€1,591 | -100.0% |
| Total equity and liabilities | 10/49 | €537,172 | €595,740 | +€58,568 | +10.9% |
| Equity | 10/15 | €364,648 | €461,412 | +€96,764 | +26.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €346,048 | €442,812 | +€96,764 | +28.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €344,188 | €440,952 | +€96,764 | +28.1% |
| Amounts payable | 17/49 | €172,523 | €134,327 | -€38,196 | -22.1% |
| Amounts payable after more than one year | 17 | €118,011 | €81,482 | -€36,529 | -31.0% |
| Financial debts | 170/4 | €23,163 | €0 | -€23,163 | -100.0% |
| Other amounts payable | 178/9 | €94,848 | €81,482 | -€13,365 | -14.1% |
| Amounts payable within one year | 42/48 | €48,482 | €48,205 | -€278 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €34,423 | €23,163 | -€11,260 | -32.7% |
| Trade debts | 44 | €1,288 | €1,297 | +€10 | +0.7% |
| Suppliers | 440/4 | €1,288 | €1,297 | +€10 | +0.7% |
| Taxes, remuneration and social security | 45 | €12,772 | €23,745 | +€10,973 | +85.9% |
| Taxes | 450/3 | €12,772 | €23,745 | +€10,973 | +85.9% |
| Accrued charges and deferred income | 492/3 | €6,030 | €4,640 | -€1,390 | -23.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,056 | €20,606 | +€3,549 | +20.8% |
| Other operating charges | 640/8 | €2,868 | €3,046 | +€178 | +6.2% |
| Gross operating margin | 9900 | €124,855 | €172,224 | +€47,369 | +37.9% |
| Operating profit (loss) | 9901 | €104,931 | €148,572 | +€43,642 | +41.6% |
| Financial income | 75/76B | €5,288 | €3,912 | -€1,377 | -26.0% |
| Recurring financial income | 75 | €5,288 | €3,912 | -€1,377 | -26.0% |
| Financial charges | 65/66B | €9,865 | €7,482 | -€2,383 | -24.2% |
| Recurring financial charges | 65 | €9,865 | €7,482 | -€2,383 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €100,354 | €145,002 | +€44,648 | +44.5% |
| Income taxes | 67/77 | €33,139 | €48,238 | +€15,099 | +45.6% |
| Profit (loss) for the period | 9904 | €67,214 | €96,764 | +€29,549 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,214 | €96,764 | +€29,549 | +44.0% |
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 5 October 2026 via checked.be.