vent: 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.
vent
Largest movements
- Tangible fixed assets -€175,442
down €175,442 (-30.9%), from €567,804 to €392,362
of which Land and buildings: -€166,227
- Cash +€131,425
up €131,425 (+72.0%), from €182,569 to €313,994
mainly Investment in fixed assets (net) (+€134,902) and Net result for the year (+€76,954)
- Receivables after one year -€42,000
down €42,000 (-75.0%), from €56,000 to €14,000
- Receivables within one year -€21,308
down €21,308 (-10.1%), from €210,299 to €188,991
of which Trade receivables: -€12,840
- Trade debts -€55,272
down €55,272 (-48.2%), from €114,676 to €59,405
- Debts after one year -€47,419
down €47,419 (-25.8%), from €183,585 to €136,166
- Other debts -€32,154
down €32,154 (-75.8%), from €42,427 to €10,273
- Accrued charges and deferred income +€28,500
up €28,500 (+26.3%), from €108,500 to €137,000
- Reserves -€13,546
down €13,546 (-3.8%), from €352,731 to €339,185
- Gross operating margin +€52,924
up €52,924 (+13.1%), from €404,730 to €457,654
- Other operating charges +€34,929
up €34,929 (+247.5%), from €14,111 to €49,039
- Staff costs -€11,909
down €11,909 (-5.1%), from €234,113 to €222,204
- Taxes +€6,873
up €6,873 (+26.4%), from €26,038 to €32,911
- Financial charges +€5,043
up €5,043 (+15.0%), from €33,521 to €38,563
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 | €1,040,881 | €938,638 | -€102,243 | -9.8% |
| Fixed assets | 21/28 | €571,404 | €395,962 | -€175,442 | -30.7% |
| Tangible fixed assets | 22/27 | €567,804 | €392,362 | -€175,442 | -30.9% |
| Land and buildings | 22 | €531,573 | €365,346 | -€166,227 | -31.3% |
| Plant, machinery and equipment | 23 | €9,796 | €8,404 | -€1,392 | -14.2% |
| Furniture and vehicles | 24 | €26,435 | €18,612 | -€7,823 | -29.6% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €469,477 | €542,676 | +€73,199 | +15.6% |
| Amounts receivable after more than one year | 29 | €56,000 | €14,000 | -€42,000 | -75.0% |
| Other amounts receivable | 291 | €56,000 | €14,000 | -€42,000 | -75.0% |
| Stocks and contracts in progress | 3 | €1,472 | - | -€1,472 | |
| Stocks | 30/36 | €1,472 | - | -€1,472 | |
| Amounts receivable within one year | 40/41 | €210,299 | €188,991 | -€21,308 | -10.1% |
| Trade receivables | 40 | €198,574 | €185,733 | -€12,840 | -6.5% |
| Other amounts receivable | 41 | €11,726 | €3,258 | -€8,467 | -72.2% |
| Cash at bank and in hand | 54/58 | €182,569 | €313,994 | +€131,425 | +72.0% |
| Deferred charges and accrued income | 490/1 | €19,136 | €25,690 | +€6,554 | +34.2% |
| Total equity and liabilities | 10/49 | €1,040,881 | €938,638 | -€102,243 | -9.8% |
| Equity | 10/15 | €394,071 | €380,525 | -€13,546 | -3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €352,731 | €339,185 | -€13,546 | -3.8% |
| Distributable reserves | 133 | €352,731 | €339,185 | -€13,546 | -3.8% |
| Profit (loss) carried forward | 14 | €28,940 | €28,940 | = | 0.0% |
| Amounts payable | 17/49 | €646,810 | €558,113 | -€88,697 | -13.7% |
| Amounts payable after more than one year | 17 | €183,585 | €136,166 | -€47,419 | -25.8% |
| Financial debts | 170/4 | €183,585 | €136,166 | -€47,419 | -25.8% |
| Amounts payable within one year | 42/48 | €354,725 | €284,947 | -€69,778 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €46,820 | €47,419 | +€599 | +1.3% |
| Financial debts | 43 | €124,000 | €134,000 | +€10,000 | +8.1% |
| Credit institutions | 430/8 | €124,000 | €134,000 | +€10,000 | +8.1% |
| Trade debts | 44 | €114,676 | €59,405 | -€55,272 | -48.2% |
| Suppliers | 440/4 | €114,676 | €59,405 | -€55,272 | -48.2% |
| Taxes, remuneration and social security | 45 | €26,802 | €33,851 | +€7,049 | +26.3% |
| Taxes | 450/3 | €18,283 | €19,960 | +€1,677 | +9.2% |
| Remuneration and social security | 454/9 | €8,519 | €13,891 | +€5,371 | +63.0% |
| Other amounts payable | 47/48 | €42,427 | €10,273 | -€32,154 | -75.8% |
| Accrued charges and deferred income | 492/3 | €108,500 | €137,000 | +€28,500 | +26.3% |
| Non-recurring operating income | 76A | - | €925 | +€925 | |
| Remuneration, social security and pensions | 62 | €234,113 | €222,204 | -€11,909 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,620 | €40,541 | -€3,079 | -7.1% |
| Other operating charges | 640/8 | €14,111 | €49,039 | +€34,929 | +247.5% |
| Gross operating margin | 9900 | €404,730 | €457,654 | +€52,924 | +13.1% |
| Operating profit (loss) | 9901 | €112,887 | €145,870 | +€32,983 | +29.2% |
| Financial income | 75/76B | €3,816 | €2,559 | -€1,258 | -33.0% |
| Recurring financial income | 75 | €3,816 | €2,559 | -€1,258 | -33.0% |
| Financial charges | 65/66B | €33,521 | €38,563 | +€5,043 | +15.0% |
| Recurring financial charges | 65 | €33,521 | €38,563 | +€5,043 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €83,183 | €109,865 | +€26,682 | +32.1% |
| Income taxes | 67/77 | €26,038 | €32,911 | +€6,873 | +26.4% |
| Profit (loss) for the period | 9904 | €57,145 | €76,954 | +€19,809 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,145 | €76,954 | +€19,809 | +34.7% |
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 8 October 2026 via checked.be.