VENNEBORGH: 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.
VENNEBORGH
Largest movements
- Receivables within one year -€10,121
down €10,121 (-19.2%), from €52,680 to €42,560
of which Trade receivables: -€10,000
- Debts after one year -€51,325
down €51,325 (-11.3%), from €453,160 to €401,836
- Profit (loss) carried forward +€26,357
up €26,357 (+8.1%), from -€324,449 to -€298,092
- Other debts +€16,922
up €16,922 (+7.5%), from €227,117 to €244,039
- Short-term financial debts +€8,227
up €8,227 (+36.4%), from €22,608 to €30,835
- Gross operating margin +€60,915
up €60,915, from -€4,209 to €56,706
- Depreciation -€35,751
down €35,751 (-100.0%), from €35,751 to €0
- Financial charges +€2,513
up €2,513 (+11.6%), from €21,632 to €24,146
- Taxes -€1,715
down €1,715 (-76.8%), from €2,232 to €517
- Other operating charges +€1,285
up €1,285 (+33.9%), from €3,791 to €5,076
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 | €480,537 | €472,993 | -€7,544 | -1.6% |
| Fixed assets | 21/28 | €384,485 | €384,485 | = | 0.0% |
| Tangible fixed assets | 22/27 | €383,035 | €383,035 | = | 0.0% |
| Land and buildings | 22 | €354,535 | €354,535 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €28,500 | €28,500 | = | 0.0% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €96,051 | €88,508 | -€7,544 | -7.9% |
| Amounts receivable within one year | 40/41 | €52,680 | €42,560 | -€10,121 | -19.2% |
| Trade receivables | 40 | €19,404 | €9,404 | -€10,000 | -51.5% |
| Other amounts receivable | 41 | €33,277 | €33,156 | -€121 | -0.4% |
| Cash at bank and in hand | 54/58 | €3,371 | €5,948 | +€2,577 | +76.4% |
| Deferred charges and accrued income | 490/1 | €40,000 | €40,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €480,537 | €472,993 | -€7,544 | -1.6% |
| Equity | 10/15 | -€280,989 | -€254,632 | +€26,357 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €23,000 | €23,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€324,449 | -€298,092 | +€26,357 | +8.1% |
| Amounts payable | 17/49 | €761,526 | €727,625 | -€33,900 | -4.5% |
| Amounts payable after more than one year | 17 | €453,160 | €401,836 | -€51,325 | -11.3% |
| Financial debts | 170/4 | €453,160 | €401,836 | -€51,325 | -11.3% |
| Amounts payable within one year | 42/48 | €308,365 | €325,790 | +€17,424 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €49,802 | €46,497 | -€3,305 | -6.6% |
| Financial debts | 43 | €22,608 | €30,835 | +€8,227 | +36.4% |
| Credit institutions | 430/8 | €22,608 | €30,835 | +€8,227 | +36.4% |
| Trade debts | 44 | €8,837 | €4,418 | -€4,419 | -50.0% |
| Suppliers | 440/4 | €8,837 | €4,418 | -€4,419 | -50.0% |
| Other amounts payable | 47/48 | €227,117 | €244,039 | +€16,922 | +7.5% |
| Remuneration, social security and pensions | 62 | €796 | €338 | -€458 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,751 | €0 | -€35,751 | -100.0% |
| Other operating charges | 640/8 | €3,791 | €5,076 | +€1,285 | +33.9% |
| Non-recurring operating charges | 66A | €126 | €294 | +€168 | +133.2% |
| Gross operating margin | 9900 | -€4,209 | €56,706 | +€60,915 | |
| Operating profit (loss) | 9901 | -€44,673 | €50,998 | +€95,671 | |
| Financial income | 75/76B | €200 | €22 | -€178 | -89.2% |
| Recurring financial income | 75 | €200 | €22 | -€178 | -89.2% |
| Financial charges | 65/66B | €21,632 | €24,146 | +€2,513 | +11.6% |
| Recurring financial charges | 65 | €21,632 | €24,146 | +€2,513 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | -€66,105 | €26,874 | +€92,979 | |
| Income taxes | 67/77 | €2,232 | €517 | -€1,715 | -76.8% |
| Profit (loss) for the period | 9904 | -€68,337 | €26,357 | +€94,694 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,337 | €26,357 | +€94,694 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.