VENOTI: 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.
VENOTI
Largest movements
- Tangible fixed assets -€14,544
down €14,544 (-22.2%), from €65,442 to €50,897
- Intangible fixed assets -€12,857
down €12,857 (-26.6%), from €48,329 to €35,472
- Receivables within one year +€9,313
up €9,313 (+1026.7%), from €907 to €10,219
of which Other amounts receivable: +€5,097
- Cash -€6,680
down €6,680 (-3.3%), from €201,747 to €195,067
mainly Contributions, distributions and other (-€119,103) and Trade debts (-€35,472)
- Stocks and contracts +€3,785
up €3,785 (+103.9%), from €3,644 to €7,429
- Debts after one year +€110,000
up €110,000 (+85.3%), from €129,000 to €239,000
- Reserves -€87,271
down €87,271 (-99.8%), from €87,437 to €165
- Trade debts -€35,472
down €35,472 (-48.9%), from €72,560 to €37,088
- Tax, wage and social debts -€8,793
down €8,793 (-36.7%), from €23,987 to €15,194
of which Taxes: -€8,609
- Gross operating margin -€18,671
down €18,671 (-9.8%), from €189,752 to €171,081
- Financial income -€7,838
down €7,838 (-100.0%), from €7,838 to €0
- Taxes -€3,792
down €3,792 (-26.4%), from €14,390 to €10,598
- Other operating charges -€3,659
down €3,659 (-67.6%), from €5,415 to €1,755
- Depreciation -€3,019
down €3,019 (-9.0%), from €33,689 to €30,670
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 | €320,580 | €301,057 | -€19,523 | -6.1% |
| Fixed assets | 21/28 | €113,825 | €86,424 | -€27,401 | -24.1% |
| Intangible fixed assets | 21 | €48,329 | €35,472 | -€12,857 | -26.6% |
| Tangible fixed assets | 22/27 | €65,442 | €50,897 | -€14,544 | -22.2% |
| Plant, machinery and equipment | 23 | €13,895 | €6,663 | -€7,233 | -52.1% |
| Furniture and vehicles | 24 | €6,226 | €4,024 | -€2,203 | -35.4% |
| Other tangible fixed assets | 26 | €45,320 | €40,211 | -€5,109 | -11.3% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €206,754 | €214,633 | +€7,879 | +3.8% |
| Stocks and contracts in progress | 3 | €3,644 | €7,429 | +€3,785 | +103.9% |
| Stocks | 30/36 | €3,644 | €7,429 | +€3,785 | +103.9% |
| Amounts receivable within one year | 40/41 | €907 | €10,219 | +€9,313 | +1026.7% |
| Trade receivables | 40 | €345 | €4,561 | +€4,216 | +1222.0% |
| Other amounts receivable | 41 | €562 | €5,659 | +€5,097 | +906.9% |
| Cash at bank and in hand | 54/58 | €201,747 | €195,067 | -€6,680 | -3.3% |
| Deferred charges and accrued income | 490/1 | €456 | €1,917 | +€1,461 | +320.3% |
| Total equity and liabilities | 10/49 | €320,580 | €301,057 | -€19,523 | -6.1% |
| Equity | 10/15 | €92,437 | €5,165 | -€87,271 | -94.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,437 | €165 | -€87,271 | -99.8% |
| Distributable reserves | 133 | €87,437 | €165 | -€87,271 | -99.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €228,143 | €295,892 | +€67,749 | +29.7% |
| Amounts payable after more than one year | 17 | €129,000 | €239,000 | +€110,000 | +85.3% |
| Financial debts | 170/4 | €129,000 | €239,000 | +€110,000 | +85.3% |
| Amounts payable within one year | 42/48 | €99,143 | €56,892 | -€42,251 | -42.6% |
| Trade debts | 44 | €72,560 | €37,088 | -€35,472 | -48.9% |
| Suppliers | 440/4 | €72,560 | €37,088 | -€35,472 | -48.9% |
| Advances received on contracts in progress | 46 | - | €585 | +€585 | |
| Taxes, remuneration and social security | 45 | €23,987 | €15,194 | -€8,793 | -36.7% |
| Taxes | 450/3 | €15,416 | €6,808 | -€8,609 | -55.8% |
| Remuneration and social security | 454/9 | €8,571 | €8,386 | -€184 | -2.2% |
| Other amounts payable | 47/48 | €2,596 | €4,025 | +€1,429 | +55.1% |
| Remuneration, social security and pensions | 62 | €96,462 | €94,393 | -€2,069 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,689 | €30,670 | -€3,019 | -9.0% |
| Other operating charges | 640/8 | €5,415 | €1,755 | -€3,659 | -67.6% |
| Gross operating margin | 9900 | €189,752 | €171,081 | -€18,671 | -9.8% |
| Operating profit (loss) | 9901 | €54,187 | €44,262 | -€9,924 | -18.3% |
| Financial income | 75/76B | €7,838 | €0 | -€7,838 | -100.0% |
| Recurring financial income | 75 | €7,838 | €0 | -€7,838 | -100.0% |
| Financial charges | 65/66B | €1,552 | €1,834 | +€282 | +18.2% |
| Recurring financial charges | 65 | €1,552 | €1,834 | +€282 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €60,473 | €42,429 | -€18,045 | -29.8% |
| Income taxes | 67/77 | €14,390 | €10,598 | -€3,792 | -26.4% |
| Profit (loss) for the period | 9904 | €46,084 | €31,831 | -€14,253 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,084 | €31,831 | -€14,253 | -30.9% |
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 9 October 2026 via checked.be.