VENTEC: 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.
What changed
VENTEC
NACE 25.510, Coating of metals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€261,654
2024 · €271,390-€9,736
Equity
€3.0m
2024 · €2.8m+€260,855
Cash
€817,713
2024 · €358,339+€459,374
Balance sheet total
€3.9m
2024 · €4.3m-€361,512
Largest movements
Assets
- Current investments -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Cash +€459,374
up €459,374 (+128.2%), from €358,339 to €817,713
mainly Current investments (+€1.0m) and Depreciation (+€336,503)
- Tangible fixed assets +€107,914
up €107,914 (+5.3%), from €2.0m to €2.2m
of which Plant, machinery and equipment: +€147,104
- Receivables within one year +€62,432
up €62,432 (+8.8%), from €707,534 to €769,965
of which Trade receivables: +€54,151
Equity and liabilities
- Other debts -€660,000
down €660,000 (-100.0%), from €660,000 to €0
- Reserves +€261,654
up €261,654 (+9.7%), from €2.7m to €3.0m
of which Distributable reserves: +€366,904
- Current portion of long-term debt +€54,726
up €54,726 (+33.1%), from €165,228 to €219,954
- Debts after one year -€48,915
down €48,915 (-15.0%), from €327,006 to €278,091
Income statement
- Staff costs -€40,743
down €40,743 (-2.9%), from €1.4m to €1.4m
- Gross operating margin -€28,562
down €28,562 (-1.4%), from €2.1m to €2.1m
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.
Result 2024
€271,390
Gross operating margin
-€28,562
Staff costs
+€40,743
Depreciation
-€8,283
Other operating charges
+€3,670
Other operating items
+€1,145
Financial income
-€13,864
Financial charges
+€3,336
Taxes
-€7,921
Result 2025
€261,654
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.
From operations
-€101,635
Investment
+€555,997
Financing
+€5,012
Cash 2024
€358,339
From operations (derived)
-€101,635
Net result for the year
+€261,654
Depreciation
+€336,503
Smaller working-capital items
-€3,743
Receivables within one year
-€62,432
Deferred charges and accrued income
-€7,036
Trade debts
+€29,408
Tax, wage and social debts
+€4,011
Other debts
-€660,000
Investment (derived)
+€555,997
Investment in fixed assets (net)
-€444,003
Current investments
+€1.0m
Financing
+€5,012
Debts after one year
-€48,915
Current portion of long-term debt
+€54,726
Contributions, distributions and other
-€799
Cash 2025
€817,713
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,296,486 | €3,934,974 | -€361,512 | -8.4% |
| Fixed assets | 21/28 | €2,047,912 | €2,155,412 | +€107,500 | +5.2% |
| Intangible fixed assets | 21 | €1,226 | €811 | -€414 | -33.8% |
| Tangible fixed assets | 22/27 | €2,046,417 | €2,154,331 | +€107,914 | +5.3% |
| Land and buildings | 22 | €425,500 | €418,875 | -€6,625 | -1.6% |
| Plant, machinery and equipment | 23 | €1,523,993 | €1,671,096 | +€147,104 | +9.7% |
| Furniture and vehicles | 24 | €96,924 | €64,360 | -€32,564 | -33.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €2,248,574 | €1,779,562 | -€469,012 | -20.9% |
| Stocks and contracts in progress | 3 | €66,099 | €68,245 | +€2,147 | +3.2% |
| Stocks | 30/36 | €30,075 | €33,676 | +€3,601 | +12.0% |
| Contracts in progress | 37 | €36,024 | €34,570 | -€1,454 | -4.0% |
| Amounts receivable within one year | 40/41 | €707,534 | €769,965 | +€62,432 | +8.8% |
| Trade receivables | 40 | €679,517 | €733,668 | +€54,151 | +8.0% |
| Other amounts receivable | 41 | €28,017 | €36,298 | +€8,281 | +29.6% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €358,339 | €817,713 | +€459,374 | +128.2% |
| Deferred charges and accrued income | 490/1 | €116,603 | €123,639 | +€7,036 | +6.0% |
| Total equity and liabilities | 10/49 | €4,296,486 | €3,934,974 | -€361,512 | -8.4% |
| Equity | 10/15 | €2,760,346 | €3,021,201 | +€260,855 | +9.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €2,693,862 | €2,955,515 | +€261,654 | +9.7% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €631,500 | €526,250 | -€105,250 | -16.7% |
| Distributable reserves | 133 | €2,055,862 | €2,422,765 | +€366,904 | +17.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €1,484 | €685 | -€799 | -53.8% |
| Amounts payable | 17/49 | €1,536,141 | €913,774 | -€622,367 | -40.5% |
| Amounts payable after more than one year | 17 | €327,006 | €278,091 | -€48,915 | -15.0% |
| Financial debts | 170/4 | €327,006 | €278,091 | -€48,915 | -15.0% |
| Amounts payable within one year | 42/48 | €1,207,140 | €635,285 | -€571,855 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €165,228 | €219,954 | +€54,726 | +33.1% |
| Trade debts | 44 | €152,945 | €182,354 | +€29,408 | +19.2% |
| Suppliers | 440/4 | €152,945 | €182,354 | +€29,408 | +19.2% |
| Taxes, remuneration and social security | 45 | €228,967 | €232,977 | +€4,011 | +1.8% |
| Taxes | 450/3 | €41,424 | €60,313 | +€18,890 | +45.6% |
| Remuneration and social security | 454/9 | €187,543 | €172,664 | -€14,879 | -7.9% |
| Other amounts payable | 47/48 | €660,000 | €0 | -€660,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,995 | €398 | -€1,596 | -80.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,407,805 | €1,367,063 | -€40,743 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,220 | €336,503 | +€8,283 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €23,501 | €19,831 | -€3,670 | -15.6% |
| Non-recurring operating charges | 66A | €1,198 | €53 | -€1,145 | -95.6% |
| Gross operating margin | 9900 | €2,094,128 | €2,065,566 | -€28,562 | -1.4% |
| Operating profit (loss) | 9901 | €333,404 | €342,117 | +€8,712 | +2.6% |
| Financial income | 75/76B | €41,974 | €28,111 | -€13,864 | -33.0% |
| Recurring financial income | 75 | €41,974 | €28,111 | -€13,864 | -33.0% |
| Financial charges | 65/66B | €20,349 | €17,013 | -€3,336 | -16.4% |
| Recurring financial charges | 65 | €20,349 | €17,013 | -€3,336 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €355,029 | €353,214 | -€1,815 | -0.5% |
| Income taxes | 67/77 | €83,639 | €91,560 | +€7,921 | +9.5% |
| Profit (loss) for the period | 9904 | €271,390 | €261,654 | -€9,736 | -3.6% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €105,250 | +€63,150 | +150.0% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €0 | -€105,250 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €208,240 | €366,904 | +€158,664 | +76.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.