Venor: 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.
Venor
Largest movements
- Cash -€122,669
down €122,669 (-67.9%), from €180,782 to €58,114
mainly Contributions, distributions and other (-€176,471) and Receivables within one year (-€14,487)
- Receivables within one year +€14,487
up €14,487 (+222.0%), from €6,525 to €21,012
of which Trade receivables: +€17,484
- Tangible fixed assets +€5,349
up €5,349 (+1116.7%), from €479 to €5,829
of which Furniture and vehicles: +€5,829
- Profit (loss) carried forward -€125,667
down €125,667 (-78.7%), from €159,667 to €34,000
- Tax, wage and social debts +€23,803
up €23,803 (+111.0%), from €21,437 to €45,240
- Trade debts -€3,003
down €3,003 (-48.0%), from €6,262 to €3,259
- Gross operating margin +€5,987
up €5,987 (+8.9%), from €67,035 to €73,022
- Taxes +€4,969
up €4,969 (+33.2%), from €14,952 to €19,920
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 | €189,462 | €86,774 | -€102,688 | -54.2% |
| Fixed assets | 21/28 | €479 | €5,929 | +€5,449 | +1137.5% |
| Tangible fixed assets | 22/27 | €479 | €5,829 | +€5,349 | +1116.7% |
| Plant, machinery and equipment | 23 | €479 | €0 | -€479 | -100.0% |
| Furniture and vehicles | 24 | - | €5,829 | +€5,829 | |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €188,983 | €80,845 | -€108,138 | -57.2% |
| Amounts receivable within one year | 40/41 | €6,525 | €21,012 | +€14,487 | +222.0% |
| Trade receivables | 40 | €3,528 | €21,012 | +€17,484 | +495.6% |
| Other amounts receivable | 41 | €2,997 | €0 | -€2,997 | -100.0% |
| Cash at bank and in hand | 54/58 | €180,782 | €58,114 | -€122,669 | -67.9% |
| Deferred charges and accrued income | 490/1 | €1,677 | €1,720 | +€44 | +2.6% |
| Total equity and liabilities | 10/49 | €189,462 | €86,774 | -€102,688 | -54.2% |
| Equity | 10/15 | €161,167 | €35,500 | -€125,667 | -78.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,667 | €34,000 | -€125,667 | -78.7% |
| Amounts payable | 17/49 | €28,295 | €51,273 | +€22,978 | +81.2% |
| Amounts payable within one year | 42/48 | €28,295 | €51,273 | +€22,978 | +81.2% |
| Financial debts | 43 | €10 | €719 | +€709 | +7255.4% |
| Credit institutions | 430/8 | €10 | €719 | +€709 | +7255.4% |
| Trade debts | 44 | €6,262 | €3,259 | -€3,003 | -48.0% |
| Suppliers | 440/4 | €6,262 | €3,259 | -€3,003 | -48.0% |
| Taxes, remuneration and social security | 45 | €21,437 | €45,240 | +€23,803 | +111.0% |
| Taxes | 450/3 | €21,437 | €45,240 | +€23,803 | +111.0% |
| Other amounts payable | 47/48 | €586 | €2,056 | +€1,470 | +250.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €555 | €932 | +€377 | +67.9% |
| Other operating charges | 640/8 | €985 | €1,057 | +€72 | +7.3% |
| Gross operating margin | 9900 | €67,035 | €73,022 | +€5,987 | +8.9% |
| Operating profit (loss) | 9901 | €65,494 | €71,033 | +€5,538 | +8.5% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.6% |
| Financial charges | 65/66B | €322 | €308 | -€14 | -4.3% |
| Recurring financial charges | 65 | €322 | €308 | -€14 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €65,174 | €70,724 | +€5,550 | +8.5% |
| Income taxes | 67/77 | €14,952 | €19,920 | +€4,969 | +33.2% |
| Profit (loss) for the period | 9904 | €50,223 | €50,804 | +€581 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,223 | €50,804 | +€581 | +1.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.