Venno: 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.
Venno
Largest movements
- Cash +€91,223
up €91,223 (+165.1%), from €55,263 to €146,486
mainly Net result for the year (+€58,741) and Debts after one year (+€50,000)
- Receivables after one year +€50,000
new in 2025: €50,000
- Tangible fixed assets -€12,674
down €12,674 (-31.2%), from €40,593 to €27,918
- Current investments -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Reserves +€58,741
up €58,741 (+31.0%), from €189,713 to €248,454
of which Distributable reserves: +€58,741
- Debts after one year +€50,000
new in 2025: €50,000
- Other debts +€6,165
up €6,165 (+13.5%), from €45,836 to €52,001
- Financial charges +€1,523
up €1,523 (+56.9%), from €2,674 to €4,197
- Financial income +€1,389
up €1,389 (+37.6%), from €3,696 to €5,085
of which Financial income: +€1,389
- Gross operating margin +€1,220
up €1,220 (+1.4%), from €85,502 to €86,721
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 | €264,396 | €384,669 | +€120,272 | +45.5% |
| Fixed assets | 21/28 | €130,593 | €117,918 | -€12,674 | -9.7% |
| Tangible fixed assets | 22/27 | €40,593 | €27,918 | -€12,674 | -31.2% |
| Furniture and vehicles | 24 | €40,593 | €27,918 | -€12,674 | -31.2% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €133,803 | €266,750 | +€132,947 | +99.4% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €16,516 | €17,020 | +€504 | +3.1% |
| Trade receivables | 40 | €16,353 | €16,853 | +€500 | +3.1% |
| Other amounts receivable | 41 | €162 | €167 | +€4 | +2.6% |
| Current investments | 50/53 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €55,263 | €146,486 | +€91,223 | +165.1% |
| Deferred charges and accrued income | 490/1 | €2,025 | €3,245 | +€1,220 | +60.2% |
| Total equity and liabilities | 10/49 | €264,396 | €384,669 | +€120,272 | +45.5% |
| Equity | 10/15 | €208,313 | €267,054 | +€58,741 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,713 | €248,454 | +€58,741 | +31.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €189,713 | €248,454 | +€58,741 | +31.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €56,083 | €117,615 | +€61,532 | +109.7% |
| Amounts payable after more than one year | 17 | - | €50,000 | +€50,000 | |
| Financial debts | 170/4 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €52,072 | €60,241 | +€8,169 | +15.7% |
| Trade debts | 44 | €271 | €1,666 | +€1,395 | +513.9% |
| Suppliers | 440/4 | €271 | €1,666 | +€1,395 | +513.9% |
| Taxes, remuneration and social security | 45 | €5,965 | €6,574 | +€609 | +10.2% |
| Taxes | 450/3 | €5,965 | €5,374 | -€591 | -9.9% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €45,836 | €52,001 | +€6,165 | +13.5% |
| Accrued charges and deferred income | 492/3 | €4,011 | €7,374 | +€3,362 | +83.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,674 | €12,674 | = | 0.0% |
| Other operating charges | 640/8 | €810 | €670 | -€140 | -17.2% |
| Gross operating margin | 9900 | €85,502 | €86,721 | +€1,220 | +1.4% |
| Operating profit (loss) | 9901 | €72,018 | €73,377 | +€1,359 | +1.9% |
| Financial income | 75/76B | €3,696 | €5,085 | +€1,389 | +37.6% |
| Recurring financial income | 75 | €3,696 | €5,085 | +€1,389 | +37.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,674 | €4,197 | +€1,523 | +56.9% |
| Recurring financial charges | 65 | €2,674 | €4,197 | +€1,523 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €73,039 | €74,265 | +€1,225 | +1.7% |
| Income taxes | 67/77 | €15,120 | €15,524 | +€404 | +2.7% |
| Profit (loss) for the period | 9904 | €57,920 | €58,741 | +€821 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,920 | €58,741 | +€821 | +1.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.