VENKO: 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.
VENKO
Largest movements
- Stocks and contracts +€54,954
new in 2025: €54,954
- Tangible fixed assets +€48,082
new in 2025: €48,082
of which Plant, machinery and equipment: +€46,632
- Cash +€33,348
new in 2025: €33,348
mainly Tax, wage and social debts (+€112,363) and Trade debts (+€107,029)
- Receivables within one year +€1,625
up €1,625 (+30208.9%), from €5 to €1,631
of which Trade receivables: +€1,530
- Tax, wage and social debts +€112,363
new in 2025: €112,363
of which Remuneration and social security: +€72,701
- Trade debts +€107,029
up €107,029 (+586.7%), from €18,242 to €125,271
- Other debts -€97,046
down €97,046 (-27.6%), from €351,358 to €254,311
- Profit (loss) carried forward +€15,664
up €15,664 (+3.6%), from -€437,794 to -€422,130
- Gross operating margin +€516,843
up €516,843, from -€45,368 to €471,475
- Staff costs +€419,932
up €419,932 (+48949.3%), from €858 to €420,789
- Depreciation +€25,365
new in 2025: €25,365
- Financial charges -€6,174
down €6,174 (-40.1%), from €15,392 to €9,218
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 | €5 | €138,016 | +€138,010 | +2565245.4% |
| Fixed assets | 21/28 | - | €48,082 | +€48,082 | |
| Tangible fixed assets | 22/27 | - | €48,082 | +€48,082 | |
| Plant, machinery and equipment | 23 | - | €46,632 | +€46,632 | |
| Furniture and vehicles | 24 | - | €1,450 | +€1,450 | |
| Current assets | 29/58 | €5 | €89,934 | +€89,928 | +1671526.6% |
| Stocks and contracts in progress | 3 | - | €54,954 | +€54,954 | |
| Stocks | 30/36 | - | €54,954 | +€54,954 | |
| Amounts receivable within one year | 40/41 | €5 | €1,631 | +€1,625 | +30208.9% |
| Trade receivables | 40 | - | €1,530 | +€1,530 | |
| Other amounts receivable | 41 | €5 | €100 | +€95 | +1764.9% |
| Cash at bank and in hand | 54/58 | - | €33,348 | +€33,348 | |
| Total equity and liabilities | 10/49 | €5 | €138,016 | +€138,010 | +2565245.4% |
| Equity | 10/15 | -€369,594 | -€353,930 | +€15,664 | +4.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€437,794 | -€422,130 | +€15,664 | +3.6% |
| Amounts payable | 17/49 | €369,600 | €491,946 | +€122,346 | +33.1% |
| Amounts payable within one year | 42/48 | €369,600 | €491,946 | +€122,346 | +33.1% |
| Trade debts | 44 | €18,242 | €125,271 | +€107,029 | +586.7% |
| Suppliers | 440/4 | €18,242 | €125,271 | +€107,029 | +586.7% |
| Taxes, remuneration and social security | 45 | - | €112,363 | +€112,363 | |
| Taxes | 450/3 | - | €39,663 | +€39,663 | |
| Remuneration and social security | 454/9 | - | €72,701 | +€72,701 | |
| Other amounts payable | 47/48 | €351,358 | €254,311 | -€97,046 | -27.6% |
| Non-recurring operating income | 76A | €13,750 | €18,750 | +€5,000 | +36.4% |
| Remuneration, social security and pensions | 62 | €858 | €420,789 | +€419,932 | +48949.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25,365 | +€25,365 | |
| Other operating charges | 640/8 | €141 | €288 | +€148 | +105.1% |
| Gross operating margin | 9900 | -€45,368 | €471,475 | +€516,843 | |
| Operating profit (loss) | 9901 | -€46,366 | €25,032 | +€71,399 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,392 | €9,218 | -€6,174 | -40.1% |
| Recurring financial charges | 65 | €15,392 | €9,218 | -€6,174 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€61,758 | €15,814 | +€77,573 | |
| Income taxes | 67/77 | - | €150 | +€150 | |
| Profit (loss) for the period | 9904 | -€61,758 | €15,664 | +€77,423 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,758 | €15,664 | +€77,423 |
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.