VENNB HOUBEN: what changed
VENNB HOUBEN
Largest movements
- Current investments +€53,202
up €53,202 (+82.0%), from €64,883 to €118,085
- Financial fixed assets -€36,315
no longer reported in 2025 (was €36,315)
- Cash +€31,270
up €31,270 (+26.6%), from €117,508 to €148,778
mainly Net result for the year (+€54,855) and Investment in fixed assets (net) (+€30,669)
- Tangible fixed assets -€19,867
down €19,867 (-41.5%), from €47,912 to €28,045
of which Furniture and vehicles: -€23,852
- Reserves +€23,174
up €23,174 (+12.1%), from €191,552 to €214,726
of which Distributable reserves: +€23,174
- Trade debts +€7,687
up €7,687 (+18,023%), from €43 to €7,729
- Financial income -€6,015
down €6,015 (-33.2%), from €18,138 to €12,123
- Gross operating margin -€5,679
down €5,679 (-5.8%), from €98,029 to €92,350
- Other operating charges +€1,136
up €1,136 (+130%), from €871 to €2,007
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,650 | €296,853 | +€30,203 | +11.3% |
| Fixed assets | 21/28 | €84,227 | €28,045 | -€56,181 | -66.7% |
| Tangible fixed assets | 22/27 | €47,912 | €28,045 | -€19,867 | -41.5% |
| Furniture and vehicles | 24 | €42,319 | €18,466 | -€23,852 | -56.4% |
| Other tangible fixed assets | 26 | €5,593 | €9,579 | +€3,986 | +71.3% |
| Financial fixed assets | 28 | €36,315 | - | -€36,315 | |
| Current assets | 29/58 | €182,424 | €268,808 | +€86,384 | +47.4% |
| Amounts receivable within one year | 40/41 | €33 | €121 | +€88 | +269% |
| Trade receivables | 40 | - | €121 | +€121 | |
| Other amounts receivable | 41 | €33 | - | -€33 | |
| Current investments | 50/53 | €64,883 | €118,085 | +€53,202 | +82.0% |
| Cash at bank and in hand | 54/58 | €117,508 | €148,778 | +€31,270 | +26.6% |
| Deferred charges and accrued income | 490/1 | - | €1,824 | +€1,824 | |
| Total equity and liabilities | 10/49 | €266,650 | €296,853 | +€30,203 | +11.3% |
| Equity | 10/15 | €248,350 | €271,524 | +€23,174 | +9.3% |
| Contributions | 10/11 | €13,800 | €13,800 | = | 0.0% |
| Reserves | 13 | €191,552 | €214,726 | +€23,174 | +12.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €619 | €619 | = | 0.0% |
| Distributable reserves | 133 | €189,073 | €212,247 | +€23,174 | +12.3% |
| Profit (loss) carried forward | 14 | €42,998 | €42,998 | = | 0.0% |
| Amounts payable | 17/49 | €18,300 | €25,329 | +€7,029 | +38.4% |
| Amounts payable within one year | 42/48 | €18,300 | €25,329 | +€7,029 | +38.4% |
| Trade debts | 44 | €43 | €7,729 | +€7,687 | +18,023% |
| Suppliers | 440/4 | €43 | €7,729 | +€7,687 | +18,023% |
| Taxes, remuneration and social security | 45 | €15,503 | €17,600 | +€2,097 | +13.5% |
| Taxes | 450/3 | €15,105 | €13,655 | -€1,450 | -9.6% |
| Remuneration and social security | 454/9 | €398 | €3,945 | +€3,547 | +892% |
| Other amounts payable | 47/48 | €2,754 | - | -€2,754 | |
| Remuneration, social security and pensions | 62 | - | €47 | +€47 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,860 | €25,512 | -€348 | -1.3% |
| Other operating charges | 640/8 | €871 | €2,007 | +€1,136 | +130% |
| Gross operating margin | 9900 | €98,029 | €92,350 | -€5,679 | -5.8% |
| Operating profit (loss) | 9901 | €71,297 | €64,784 | -€6,514 | -9.1% |
| Financial income | 75/76B | €18,138 | €12,123 | -€6,015 | -33.2% |
| Recurring financial income | 75 | €18,138 | €12,123 | -€6,015 | -33.2% |
| Financial charges | 65/66B | €221 | €448 | +€227 | +102% |
| Recurring financial charges | 65 | €221 | €448 | +€227 | +102% |
| Profit (loss) for the period before taxes | 9903 | €89,214 | €76,459 | -€12,756 | -14.3% |
| Income taxes | 67/77 | €22,543 | €21,604 | -€939 | -4.2% |
| Profit (loss) for the period | 9904 | €66,671 | €54,855 | -€11,817 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,671 | €54,855 | -€11,817 | -17.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.