Vensel: 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.
Vensel
Largest movements
- Cash -€109,279
down €109,279 (-72.4%), from €150,982 to €41,704
mainly Contributions, distributions and other (-€105,247) and Other debts (-€26,483)
- Reserves -€86,622
down €86,622 (-74.9%), from €115,626 to €29,004
of which Distributable reserves: -€86,622
- Other debts -€26,483
down €26,483 (-67.0%), from €39,520 to €13,038
- Tax, wage and social debts +€3,975
up €3,975 (+152.1%), from €2,613 to €6,588
- Financial charges -€3,001
down €3,001 (-98.5%), from €3,046 to €45
- Gross operating margin +€784
up €784 (+3.1%), from €25,677 to €26,460
- Taxes -€610
down €610 (-8.9%), from €6,859 to €6,249
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 | €290,303 | €181,024 | -€109,279 | -37.6% |
| Fixed assets | 21/28 | €139,320 | €139,320 | = | 0.0% |
| Tangible fixed assets | 22/27 | €139,320 | €139,320 | = | 0.0% |
| Land and buildings | 22 | €139,320 | €139,320 | = | 0.0% |
| Current assets | 29/58 | €150,982 | €41,704 | -€109,279 | -72.4% |
| Cash at bank and in hand | 54/58 | €150,982 | €41,704 | -€109,279 | -72.4% |
| Total equity and liabilities | 10/49 | €290,303 | €181,024 | -€109,279 | -37.6% |
| Equity | 10/15 | €247,026 | €160,404 | -€86,622 | -35.1% |
| Contributions | 10/11 | €131,400 | €131,400 | = | 0.0% |
| Outside capital | 11 | €131,400 | €131,400 | = | 0.0% |
| Other | 1109/19 | €131,400 | €131,400 | = | 0.0% |
| Reserves | 13 | €115,626 | €29,004 | -€86,622 | -74.9% |
| Non-distributable reserves | 130/1 | €8,392 | €8,392 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,392 | €8,392 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,612 | €20,612 | = | 0.0% |
| Distributable reserves | 133 | €86,622 | - | -€86,622 | |
| Amounts payable | 17/49 | €43,277 | €20,620 | -€22,657 | -52.4% |
| Amounts payable within one year | 42/48 | €43,277 | €20,620 | -€22,657 | -52.4% |
| Trade debts | 44 | €1,143 | €995 | -€148 | -13.0% |
| Suppliers | 440/4 | €1,143 | €995 | -€148 | -13.0% |
| Taxes, remuneration and social security | 45 | €2,613 | €6,588 | +€3,975 | +152.1% |
| Taxes | 450/3 | €2,613 | €6,588 | +€3,975 | +152.1% |
| Other amounts payable | 47/48 | €39,520 | €13,038 | -€26,483 | -67.0% |
| Other operating charges | 640/8 | €1,496 | €1,541 | +€46 | +3.1% |
| Gross operating margin | 9900 | €25,677 | €26,460 | +€784 | +3.1% |
| Operating profit (loss) | 9901 | €24,181 | €24,919 | +€738 | +3.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,046 | €45 | -€3,001 | -98.5% |
| Recurring financial charges | 65 | €3,046 | €45 | -€3,001 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €21,135 | €24,874 | +€3,739 | +17.7% |
| Income taxes | 67/77 | €6,859 | €6,249 | -€610 | -8.9% |
| Profit (loss) for the period | 9904 | €14,276 | €18,625 | +€4,349 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,276 | €18,625 | +€4,349 | +30.5% |
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 5 October 2026 via checked.be.