venstar: 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.
venstar
Largest movements
- Receivables within one year +€134,983
up €134,983 (+35.4%), from €381,541 to €516,525
of which Trade receivables: +€135,506
- Intangible fixed assets -€42,712
down €42,712 (-11.8%), from €362,029 to €319,317
- Stocks and contracts +€32,139
up €32,139 (+10.4%), from €308,426 to €340,565
- Profit (loss) carried forward +€90,013
up €90,013 (+299.7%), from €30,031 to €120,043
- Trade debts +€69,842
up €69,842 (+26.3%), from €265,655 to €335,497
- Debts after one year -€69,762
down €69,762 (-13.9%), from €500,895 to €431,133
- Tax, wage and social debts +€41,099
up €41,099 (+80.8%), from €50,866 to €91,964
of which Taxes: +€39,680
- Gross operating margin +€67,402
up €67,402 (+27.2%), from €247,662 to €315,064
- Depreciation +€23,028
up €23,028 (+31.3%), from €73,673 to €96,701
- Taxes +€20,627
up €20,627 (+123.5%), from €16,697 to €37,324
- Staff costs +€18,116
up €18,116 (+34.7%), from €52,137 to €70,253
- Financial charges +€3,503
up €3,503 (+22.6%), from €15,504 to €19,007
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 | €1,061,345 | €1,204,723 | +€143,378 | +13.5% |
| Fixed assets | 21/28 | €363,652 | €331,384 | -€32,268 | -8.9% |
| Intangible fixed assets | 21 | €362,029 | €319,317 | -€42,712 | -11.8% |
| Tangible fixed assets | 22/27 | €1,623 | €12,067 | +€10,444 | +643.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | - | €1,296 | +€1,296 | |
| Furniture and vehicles | 24 | €1,623 | €10,771 | +€9,148 | +563.8% |
| Current assets | 29/58 | €697,693 | €873,339 | +€175,646 | +25.2% |
| Stocks and contracts in progress | 3 | €308,426 | €340,565 | +€32,139 | +10.4% |
| Stocks | 30/36 | €308,426 | €340,565 | +€32,139 | +10.4% |
| Amounts receivable within one year | 40/41 | €381,541 | €516,525 | +€134,983 | +35.4% |
| Trade receivables | 40 | €243,576 | €379,082 | +€135,506 | +55.6% |
| Other amounts receivable | 41 | €137,965 | €137,443 | -€523 | -0.4% |
| Cash at bank and in hand | 54/58 | €7,726 | €16,249 | +€8,523 | +110.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,061,345 | €1,204,723 | +€143,378 | +13.5% |
| Equity | 10/15 | €77,031 | €167,043 | +€90,013 | +116.9% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,031 | €120,043 | +€90,013 | +299.7% |
| Amounts payable | 17/49 | €984,314 | €1,037,679 | +€53,365 | +5.4% |
| Amounts payable after more than one year | 17 | €500,895 | €431,133 | -€69,762 | -13.9% |
| Financial debts | 170/4 | €500,895 | €431,133 | -€69,762 | -13.9% |
| Amounts payable within one year | 42/48 | €479,094 | €602,069 | +€122,975 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €70,905 | €72,762 | +€1,857 | +2.6% |
| Financial debts | 43 | €91,669 | €101,846 | +€10,177 | +11.1% |
| Credit institutions | 430/8 | €91,669 | €1,846 | -€89,823 | -98.0% |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €265,655 | €335,497 | +€69,842 | +26.3% |
| Suppliers | 440/4 | €265,655 | €335,497 | +€69,842 | +26.3% |
| Taxes, remuneration and social security | 45 | €50,866 | €91,964 | +€41,099 | +80.8% |
| Taxes | 450/3 | €50,866 | €90,546 | +€39,680 | +78.0% |
| Remuneration and social security | 454/9 | - | €1,419 | +€1,419 | |
| Accrued charges and deferred income | 492/3 | €4,325 | €4,477 | +€152 | +3.5% |
| Non-recurring operating income | 76A | €74,265 | €0 | -€74,265 | -100.0% |
| Remuneration, social security and pensions | 62 | €52,137 | €70,253 | +€18,116 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,673 | €96,701 | +€23,028 | +31.3% |
| Other operating charges | 640/8 | €2,076 | €2,120 | +€44 | +2.1% |
| Non-recurring operating charges | 66A | €63,998 | €0 | -€63,998 | -100.0% |
| Gross operating margin | 9900 | €247,662 | €315,064 | +€67,402 | +27.2% |
| Operating profit (loss) | 9901 | €55,778 | €145,991 | +€90,213 | +161.7% |
| Financial income | 75/76B | €781 | €353 | -€428 | -54.9% |
| Recurring financial income | 75 | €781 | €353 | -€428 | -54.9% |
| Financial charges | 65/66B | €15,504 | €19,007 | +€3,503 | +22.6% |
| Recurring financial charges | 65 | €15,504 | €19,007 | +€3,503 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €41,055 | €127,337 | +€86,282 | +210.2% |
| Income taxes | 67/77 | €16,697 | €37,324 | +€20,627 | +123.5% |
| Profit (loss) for the period | 9904 | €24,358 | €90,013 | +€65,655 | +269.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,358 | €90,013 | +€65,655 | +269.5% |
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 8 October 2026 via checked.be.