VENOCA: 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.
VENOCA
Largest movements
- Receivables within one year +€3,261
up €3,261 (+3,299%), from €99 to €3,360
of which Trade receivables: +€3,360
- Cash +€844
up €844 (+839%), from €101 to €945
mainly Other debts (+€2,001) and Trade debts (+€1,073)
- Deferred charges and accrued income -€420
no longer reported in 2025 (was €420)
- Tangible fixed assets -€83
no longer reported in 2025 (was €83)
- Other debts +€2,001
new in 2025: €2,001
- Trade debts +€1,073
new in 2025: €1,073
- Profit (loss) carried forward +€668
up €668 (+3.7%), from -€18,209 to -€17,541
- Tax, wage and social debts -€140
down €140 (-32.6%), from €430 to €290
- Gross operating margin +€1,468
up €1,468, from -€530 to €938
- Other operating charges -€453
down €453 (-75.9%), from €598 to €144
- Financial charges -€91
down €91 (-68.4%), from €133 to €42
- Depreciation -€60
down €60 (-41.7%), from €143 to €83
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 | €2,680 | €6,283 | +€3,602 | +134% |
| Fixed assets | 21/28 | €2,061 | €1,977 | -€83 | -4.0% |
| Tangible fixed assets | 22/27 | €83 | - | -€83 | |
| Plant, machinery and equipment | 23 | €83 | - | -€83 | |
| Financial fixed assets | 28 | €1,977 | €1,977 | = | 0.0% |
| Current assets | 29/58 | €620 | €4,305 | +€3,686 | +595% |
| Amounts receivable within one year | 40/41 | €99 | €3,360 | +€3,261 | +3,299% |
| Trade receivables | 40 | - | €3,360 | +€3,360 | |
| Other amounts receivable | 41 | €99 | - | -€99 | |
| Cash at bank and in hand | 54/58 | €101 | €945 | +€844 | +839% |
| Deferred charges and accrued income | 490/1 | €420 | - | -€420 | |
| Total equity and liabilities | 10/49 | €2,680 | €6,283 | +€3,602 | +134% |
| Equity | 10/15 | €2,250 | €2,919 | +€668 | +29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,209 | -€17,541 | +€668 | +3.7% |
| Amounts payable | 17/49 | €430 | €3,364 | +€2,934 | +682% |
| Amounts payable within one year | 42/48 | €430 | €3,364 | +€2,934 | +682% |
| Trade debts | 44 | - | €1,073 | +€1,073 | |
| Suppliers | 440/4 | - | €1,073 | +€1,073 | |
| Taxes, remuneration and social security | 45 | €430 | €290 | -€140 | -32.6% |
| Taxes | 450/3 | €430 | €290 | -€140 | -32.6% |
| Other amounts payable | 47/48 | - | €2,001 | +€2,001 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143 | €83 | -€60 | -41.7% |
| Other operating charges | 640/8 | €598 | €144 | -€453 | -75.9% |
| Gross operating margin | 9900 | -€530 | €938 | +€1,468 | |
| Operating profit (loss) | 9901 | -€1,270 | €710 | +€1,981 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €133 | €42 | -€91 | -68.4% |
| Recurring financial charges | 65 | €133 | €42 | -€91 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,397 | €668 | +€2,065 | |
| Profit (loss) for the period | 9904 | -€1,397 | €668 | +€2,065 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,397 | €668 | +€2,065 |
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 1 November 2026 via checked.be.