VENNOOST: 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.
VENNOOST
Largest movements
- Cash +€228,685
up €228,685 (+439%), from €52,041 to €280,726
mainly Current investments (+€200,000) and Receivables within one year (+€95,314)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year -€95,314
down €95,314 (-32.3%), from €295,225 to €199,911
of which Trade receivables: -€94,771
- Tangible fixed assets +€34,756
up €34,756 (+16.3%), from €213,402 to €248,158
of which Furniture and vehicles: +€37,143
- Debts after one year -€19,789
down €19,789 (-24.7%), from €80,233 to €60,444
- Profit (loss) carried forward -€9,513
down €9,513 (-4.6%), from €207,325 to €197,812
- Gross operating margin -€7,643
down €7,643 (-68.0%), from €11,243 to €3,600
- Financial income +€3,537
new in 2025: €3,537
- Depreciation +€3,513
up €3,513 (+42.0%), from €8,360 to €11,873
- Other operating charges +€1,285
up €1,285 (+78.9%), from €1,628 to €2,913
- Financial charges -€332
down €332 (-16.3%), from €2,041 to €1,709
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 | €765,976 | €731,252 | -€34,724 | -4.5% |
| Fixed assets | 21/28 | €213,402 | €248,158 | +€34,756 | +16.3% |
| Tangible fixed assets | 22/27 | €213,402 | €248,158 | +€34,756 | +16.3% |
| Land and buildings | 22 | €207,538 | €205,695 | -€1,842 | -0.9% |
| Plant, machinery and equipment | 23 | €781 | €237 | -€544 | -69.7% |
| Furniture and vehicles | 24 | €5,083 | €42,225 | +€37,143 | +731% |
| Current assets | 29/58 | €552,574 | €483,095 | -€69,480 | -12.6% |
| Amounts receivable within one year | 40/41 | €295,225 | €199,911 | -€95,314 | -32.3% |
| Trade receivables | 40 | €275,117 | €180,347 | -€94,771 | -34.4% |
| Other amounts receivable | 41 | €20,108 | €19,564 | -€544 | -2.7% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €52,041 | €280,726 | +€228,685 | +439% |
| Deferred charges and accrued income | 490/1 | €5,308 | €2,458 | -€2,850 | -53.7% |
| Total equity and liabilities | 10/49 | €765,976 | €731,252 | -€34,724 | -4.5% |
| Equity | 10/15 | €652,585 | €643,072 | -€9,513 | -1.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €432,860 | €432,860 | = | 0.0% |
| Distributable reserves | 133 | €432,860 | €432,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €207,325 | €197,812 | -€9,513 | -4.6% |
| Amounts payable | 17/49 | €113,391 | €88,180 | -€25,210 | -22.2% |
| Amounts payable after more than one year | 17 | €80,233 | €60,444 | -€19,789 | -24.7% |
| Financial debts | 170/4 | €80,233 | €60,444 | -€19,789 | -24.7% |
| Amounts payable within one year | 42/48 | €33,158 | €27,736 | -€5,422 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €16,967 | €16,190 | -€776 | -4.6% |
| Financial debts | 43 | €3 | €503 | +€500 | +16,728% |
| Credit institutions | 430/8 | €3 | €503 | +€500 | +16,728% |
| Trade debts | 44 | €12,433 | €5,287 | -€7,146 | -57.5% |
| Suppliers | 440/4 | €12,433 | €5,287 | -€7,146 | -57.5% |
| Taxes, remuneration and social security | 45 | €3,755 | €5,756 | +€2,000 | +53.3% |
| Taxes | 450/3 | €1,747 | €5,756 | +€4,009 | +230% |
| Remuneration and social security | 454/9 | €2,009 | - | -€2,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,360 | €11,873 | +€3,513 | +42.0% |
| Other operating charges | 640/8 | €1,628 | €2,913 | +€1,285 | +78.9% |
| Non-recurring operating charges | 66A | €736 | - | -€736 | |
| Gross operating margin | 9900 | €11,243 | €3,600 | -€7,643 | -68.0% |
| Operating profit (loss) | 9901 | €519 | -€11,186 | -€11,705 | |
| Financial income | 75/76B | - | €3,537 | +€3,537 | |
| Recurring financial income | 75 | - | €3,537 | +€3,537 | |
| Financial charges | 65/66B | €2,041 | €1,709 | -€332 | -16.3% |
| Recurring financial charges | 65 | €2,041 | €1,709 | -€332 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,522 | -€9,358 | -€7,836 | -515% |
| Income taxes | 67/77 | €226 | €155 | -€71 | -31.5% |
| Profit (loss) for the period | 9904 | -€1,748 | -€9,513 | -€7,765 | -444% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,748 | -€9,513 | -€7,765 | -444% |
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 20 October 2026 via checked.be.