VENNEN - CELIS: 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.
VENNEN - CELIS
Largest movements
- Receivables after one year +€41,888
up €41,888 (+35.7%), from €117,474 to €159,362
- Receivables within one year +€11,485
up €11,485 (+58.1%), from €19,761 to €31,246
of which Trade receivables: +€11,485
- Tangible fixed assets -€8,968
down €8,968 (-11.7%), from €76,692 to €67,723
of which Land and buildings: -€8,375
- Deferred charges and accrued income -€6,235
down €6,235 (-23.1%), from €27,009 to €20,774
- Reserves +€41,807
up €41,807 (+14.3%), from €291,908 to €333,715
- Tax, wage and social debts -€9,278
down €9,278 (-55.2%), from €16,818 to €7,541
- Accrued charges and deferred income +€9,116
new in 2025: €9,116
- Gross operating margin -€46,383
down €46,383 (-38.6%), from €120,225 to €73,841
- Taxes -€13,368
down €13,368 (-38.8%), from €34,422 to €21,053
- Financial income +€1,454
up €1,454 (+52.0%), from €2,798 to €4,252
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,503 | €369,525 | +€40,022 | +12.1% |
| Fixed assets | 21/28 | €76,754 | €67,785 | -€8,968 | -11.7% |
| Tangible fixed assets | 22/27 | €76,692 | €67,723 | -€8,968 | -11.7% |
| Land and buildings | 22 | €69,720 | €61,345 | -€8,375 | -12.0% |
| Plant, machinery and equipment | 23 | €2,545 | €1,951 | -€593 | -23.3% |
| Furniture and vehicles | 24 | €1,827 | €1,827 | = | 0.0% |
| Other tangible fixed assets | 26 | €2,600 | €2,600 | = | 0.0% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €252,750 | €301,740 | +€48,990 | +19.4% |
| Amounts receivable after more than one year | 29 | €117,474 | €159,362 | +€41,888 | +35.7% |
| Other amounts receivable | 291 | €117,474 | €159,362 | +€41,888 | +35.7% |
| Amounts receivable within one year | 40/41 | €19,761 | €31,246 | +€11,485 | +58.1% |
| Trade receivables | 40 | €19,761 | €31,246 | +€11,485 | +58.1% |
| Other amounts receivable | 41 | €0 | €0 | -€0 | -100% |
| Current investments | 50/53 | €50,320 | €51,591 | +€1,271 | +2.5% |
| Cash at bank and in hand | 54/58 | €38,185 | €38,767 | +€581 | +1.5% |
| Deferred charges and accrued income | 490/1 | €27,009 | €20,774 | -€6,235 | -23.1% |
| Total equity and liabilities | 10/49 | €329,503 | €369,525 | +€40,022 | +12.1% |
| Equity | 10/15 | €310,508 | €352,315 | +€41,807 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,908 | €333,715 | +€41,807 | +14.3% |
| Distributable reserves | 133 | €291,908 | €333,715 | +€41,807 | +14.3% |
| Amounts payable | 17/49 | €18,995 | €17,210 | -€1,785 | -9.4% |
| Amounts payable within one year | 42/48 | €18,995 | €8,094 | -€10,901 | -57.4% |
| Trade debts | 44 | €2,177 | €553 | -€1,623 | -74.6% |
| Suppliers | 440/4 | €2,177 | €553 | -€1,623 | -74.6% |
| Taxes, remuneration and social security | 45 | €16,818 | €7,541 | -€9,278 | -55.2% |
| Taxes | 450/3 | €16,818 | €7,541 | -€9,278 | -55.2% |
| Accrued charges and deferred income | 492/3 | - | €9,116 | +€9,116 | |
| Non-recurring operating income | 76A | €17,370 | €869 | -€16,501 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,797 | €8,968 | +€172 | +2.0% |
| Other operating charges | 640/8 | €6,359 | €6,171 | -€188 | -3.0% |
| Gross operating margin | 9900 | €120,225 | €73,841 | -€46,383 | -38.6% |
| Operating profit (loss) | 9901 | €105,069 | €58,702 | -€46,367 | -44.1% |
| Financial income | 75/76B | €2,798 | €4,252 | +€1,454 | +52.0% |
| Recurring financial income | 75 | €2,798 | €4,252 | +€1,454 | +52.0% |
| Financial charges | 65/66B | €720 | €94 | -€627 | -87.0% |
| Recurring financial charges | 65 | €720 | €94 | -€627 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €107,147 | €62,860 | -€44,287 | -41.3% |
| Income taxes | 67/77 | €34,422 | €21,053 | -€13,368 | -38.8% |
| Profit (loss) for the period | 9904 | €72,725 | €41,807 | -€30,918 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €72,725 | €41,807 | -€30,918 | -42.5% |
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 28 October 2026 via checked.be.