VENNESHOP: what changed
VENNESHOP
Largest movements
- Tangible fixed assets -€33,659
down €33,659 (-30.0%), from €112,057 to €78,398
- Intangible fixed assets -€29,314
down €29,314 (-35.0%), from €83,865 to €54,551
- Cash -€10,201
down €10,201 (-90.1%), from €11,327 to €1,126
mainly Debts after one year (-€86,401) and Trade debts (-€40,919)
- Deferred charges and accrued income -€6,084
down €6,084 (-77.4%), from €7,859 to €1,775
- Receivables within one year +€3,612
up €3,612 (+12.1%), from €29,771 to €33,383
of which Trade receivables: +€4,111
- Debts after one year -€86,401
down €86,401 (-30.8%), from €280,570 to €194,169
- Short-term financial debts +€73,417
new in 2025: €73,417
- Trade debts -€40,919
down €40,919 (-74.1%), from €55,244 to €14,325
- Profit (loss) carried forward -€19,980
down €19,980 (-10.4%), from -€191,349 to -€211,329
- Other debts -€8,171
no longer reported in 2025 (was €8,171)
- Gross operating margin -€57,043
down €57,043 (-29.3%), from €194,570 to €137,527
- Staff costs -€37,057
down €37,057 (-35.5%), from €104,279 to €67,223
- Depreciation -€7,378
down €7,378 (-10.4%), from €71,201 to €63,823
- Financial income -€3,753
down €3,753 (-97.3%), from €3,857 to €104
- Financial charges +€3,083
up €3,083 (+49.2%), from €6,271 to €9,354
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 | €261,487 | €183,494 | -€77,993 | -29.8% |
| Fixed assets | 21/28 | €196,922 | €133,949 | -€62,973 | -32.0% |
| Intangible fixed assets | 21 | €83,865 | €54,551 | -€29,314 | -35.0% |
| Tangible fixed assets | 22/27 | €112,057 | €78,398 | -€33,659 | -30.0% |
| Plant, machinery and equipment | 23 | €34,211 | €21,897 | -€12,314 | -36.0% |
| Furniture and vehicles | 24 | €36,977 | €22,452 | -€14,525 | -39.3% |
| Other tangible fixed assets | 26 | €40,869 | €34,048 | -€6,820 | -16.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €64,565 | €49,545 | -€15,020 | -23.3% |
| Stocks and contracts in progress | 3 | €15,608 | €13,262 | -€2,346 | -15.0% |
| Stocks | 30/36 | €15,608 | €13,262 | -€2,346 | -15.0% |
| Amounts receivable within one year | 40/41 | €29,771 | €33,383 | +€3,612 | +12.1% |
| Trade receivables | 40 | €26,025 | €30,136 | +€4,111 | +15.8% |
| Other amounts receivable | 41 | €3,746 | €3,248 | -€499 | -13.3% |
| Cash at bank and in hand | 54/58 | €11,327 | €1,126 | -€10,201 | -90.1% |
| Deferred charges and accrued income | 490/1 | €7,859 | €1,775 | -€6,084 | -77.4% |
| Total equity and liabilities | 10/49 | €261,487 | €183,494 | -€77,993 | -29.8% |
| Equity | 10/15 | -€143,077 | -€163,058 | -€19,980 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,671 | €29,671 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,671 | €29,671 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,349 | -€211,329 | -€19,980 | -10.4% |
| Amounts payable | 17/49 | €404,564 | €346,552 | -€58,012 | -14.3% |
| Amounts payable after more than one year | 17 | €280,570 | €194,169 | -€86,401 | -30.8% |
| Financial debts | 170/4 | €280,570 | €194,169 | -€86,401 | -30.8% |
| Amounts payable within one year | 42/48 | €123,994 | €152,383 | +€28,389 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €43,896 | €45,337 | +€1,441 | +3.3% |
| Financial debts | 43 | - | €73,417 | +€73,417 | |
| Credit institutions | 430/8 | - | €73,417 | +€73,417 | |
| Trade debts | 44 | €55,244 | €14,325 | -€40,919 | -74.1% |
| Suppliers | 440/4 | €55,244 | €14,325 | -€40,919 | -74.1% |
| Taxes, remuneration and social security | 45 | €16,683 | €19,304 | +€2,621 | +15.7% |
| Taxes | 450/3 | €3,813 | €7,494 | +€3,681 | +96.5% |
| Remuneration and social security | 454/9 | €12,869 | €11,809 | -€1,060 | -8.2% |
| Other amounts payable | 47/48 | €8,171 | - | -€8,171 | |
| Remuneration, social security and pensions | 62 | €104,279 | €67,223 | -€37,057 | -35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,201 | €63,823 | -€7,378 | -10.4% |
| Other operating charges | 640/8 | €14,396 | €16,483 | +€2,087 | +14.5% |
| Non-recurring operating charges | 66A | - | €139 | +€139 | |
| Gross operating margin | 9900 | €194,570 | €137,527 | -€57,043 | -29.3% |
| Operating profit (loss) | 9901 | €4,694 | -€10,140 | -€14,835 | |
| Financial income | 75/76B | €3,857 | €104 | -€3,753 | -97.3% |
| Recurring financial income | 75 | €3,857 | €104 | -€3,753 | -97.3% |
| Financial charges | 65/66B | €6,271 | €9,354 | +€3,083 | +49.2% |
| Recurring financial charges | 65 | €6,271 | €9,354 | +€3,083 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €2,280 | -€19,390 | -€21,671 | |
| Income taxes | 67/77 | €446 | €590 | +€144 | +32.4% |
| Profit (loss) for the period | 9904 | €1,835 | -€19,980 | -€21,815 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,835 | -€19,980 | -€21,815 |
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 3 November 2026 via checked.be.