VENNEKENSHOEVE: 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.
What changed
VENNEKENSHOEVE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,426
2024 · -€2,683+€4,109
Equity
€326,306
2024 · €324,880+€1,426
Cash
€6,279
2024 · €10,417-€4,138
Balance sheet total
€715,788
2024 · €745,781-€29,993
Largest movements
Assets
- Tangible fixed assets -€25,644
down €25,644 (-3.5%), from €734,164 to €708,520
Equity and liabilities
- Debts after one year -€34,064
down €34,064 (-85.4%), from €39,897 to €5,833
Income statement
- Financial charges -€9,123
down €9,123 (-50.3%), from €18,141 to €9,018
- Gross operating margin -€4,162
down €4,162 (-8.0%), from €51,984 to €47,822
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.
Result 2024
-€2,683
Gross operating margin
-€4,162
Depreciation
-€501
Other operating charges
-€351
Financial charges
+€9,123
Result 2025
€1,426
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€28,387
Investment
€0
Financing
-€32,525
Cash 2024
€10,417
From operations (derived)
+€28,387
Net result for the year
+€1,426
Depreciation
+€25,644
Receivables within one year
+€211
Trade debts
+€602
Tax, wage and social debts
-€2,359
Other debts
+€2,666
Accrued charges and deferred income
+€196
Financing
-€32,525
Debts after one year
-€34,064
Current portion of long-term debt
+€1,539
Cash 2025
€6,279
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €745,781 | €715,788 | -€29,993 | -4.0% |
| Fixed assets | 21/28 | €734,164 | €708,520 | -€25,644 | -3.5% |
| Tangible fixed assets | 22/27 | €734,164 | €708,520 | -€25,644 | -3.5% |
| Land and buildings | 22 | €734,164 | €708,520 | -€25,644 | -3.5% |
| Current assets | 29/58 | €11,617 | €7,268 | -€4,349 | -37.4% |
| Amounts receivable within one year | 40/41 | €1,200 | €989 | -€211 | -17.6% |
| Other amounts receivable | 41 | €1,200 | €989 | -€211 | -17.6% |
| Cash at bank and in hand | 54/58 | €10,417 | €6,279 | -€4,138 | -39.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €745,781 | €715,788 | -€29,993 | -4.0% |
| Equity | 10/15 | €324,880 | €326,306 | +€1,426 | +0.4% |
| Contributions | 10/11 | €278,260 | €278,260 | = | 0.0% |
| Capital | 10 | €278,260 | €278,260 | = | 0.0% |
| Issued capital | 100 | €278,260 | €278,260 | = | 0.0% |
| Reserves | 13 | €46,619 | €48,045 | +€1,426 | +3.1% |
| Non-distributable reserves | 130/1 | €17,335 | €17,407 | +€71 | +0.4% |
| Legal reserve | 130 | €17,335 | €17,407 | +€71 | +0.4% |
| Distributable reserves | 133 | €29,284 | €30,639 | +€1,355 | +4.6% |
| Amounts payable | 17/49 | €420,901 | €389,482 | -€31,419 | -7.5% |
| Amounts payable after more than one year | 17 | €39,897 | €5,833 | -€34,064 | -85.4% |
| Financial debts | 170/4 | €39,897 | €5,833 | -€34,064 | -85.4% |
| Amounts payable within one year | 42/48 | €381,004 | €383,453 | +€2,449 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €32,525 | €34,064 | +€1,539 | +4.7% |
| Trade debts | 44 | €2,162 | €2,765 | +€602 | +27.9% |
| Suppliers | 440/4 | €2,162 | €2,765 | +€602 | +27.9% |
| Taxes, remuneration and social security | 45 | €4,015 | €1,657 | -€2,359 | -58.7% |
| Taxes | 450/3 | €4,015 | €1,657 | -€2,359 | -58.7% |
| Other amounts payable | 47/48 | €342,301 | €344,967 | +€2,666 | +0.8% |
| Accrued charges and deferred income | 492/3 | - | €196 | +€196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,143 | €25,644 | +€501 | +2.0% |
| Other operating charges | 640/8 | €11,383 | €11,734 | +€351 | +3.1% |
| Gross operating margin | 9900 | €51,984 | €47,822 | -€4,162 | -8.0% |
| Operating profit (loss) | 9901 | €15,458 | €10,444 | -€5,014 | -32.4% |
| Financial charges | 65/66B | €18,141 | €9,018 | -€9,123 | -50.3% |
| Recurring financial charges | 65 | €18,141 | €9,018 | -€9,123 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,683 | €1,426 | +€4,109 | |
| Profit (loss) for the period | 9904 | -€2,683 | €1,426 | +€4,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,683 | €1,426 | +€4,109 |
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 23 October 2026 via checked.be.