VENTEGO: 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.
VENTEGO
Largest movements
- Tangible fixed assets -€50,499
down €50,499 (-16.2%), from €310,977 to €260,478
of which Land and buildings: -€32,771
- Cash +€47,285
up €47,285 (+41.1%), from €115,039 to €162,323
mainly Net result for the year (+€62,251) and Depreciation (+€50,499)
- Receivables within one year +€20,971
up €20,971 (+49.1%), from €42,674 to €63,646
of which Trade receivables: +€19,222
- Current investments +€20,000
up €20,000 (+26.7%), from €75,000 to €95,000
- Reserves +€59,251
up €59,251 (+33.8%), from €175,097 to €234,347
- Debts after one year -€26,077
down €26,077 (-14.8%), from €176,281 to €150,204
- Accrued charges and deferred income +€7,658
up €7,658 (+192.5%), from €3,979 to €11,637
- Gross operating margin +€22,374
up €22,374 (+16.0%), from €139,493 to €161,867
- Taxes +€9,368
up €9,368 (+53.0%), from €17,680 to €27,048
- Depreciation -€4,812
down €4,812 (-8.7%), from €55,311 to €50,499
- Other operating charges -€1,951
down €1,951 (-25.7%), from €7,592 to €5,641
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 | €543,690 | €583,391 | +€39,700 | +7.3% |
| Fixed assets | 21/28 | €310,977 | €260,478 | -€50,499 | -16.2% |
| Tangible fixed assets | 22/27 | €310,977 | €260,478 | -€50,499 | -16.2% |
| Land and buildings | 22 | €252,275 | €219,504 | -€32,771 | -13.0% |
| Plant, machinery and equipment | 23 | €3,867 | €1,020 | -€2,847 | -73.6% |
| Furniture and vehicles | 24 | €54,835 | €39,954 | -€14,881 | -27.1% |
| Current assets | 29/58 | €232,713 | €322,913 | +€90,200 | +38.8% |
| Amounts receivable within one year | 40/41 | €42,674 | €63,646 | +€20,971 | +49.1% |
| Trade receivables | 40 | €27,755 | €46,977 | +€19,222 | +69.3% |
| Other amounts receivable | 41 | €14,920 | €16,669 | +€1,749 | +11.7% |
| Current investments | 50/53 | €75,000 | €95,000 | +€20,000 | +26.7% |
| Cash at bank and in hand | 54/58 | €115,039 | €162,323 | +€47,285 | +41.1% |
| Deferred charges and accrued income | 490/1 | - | €1,944 | +€1,944 | |
| Total equity and liabilities | 10/49 | €543,690 | €583,391 | +€39,700 | +7.3% |
| Equity | 10/15 | €193,697 | €252,947 | +€59,251 | +30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,097 | €234,347 | +€59,251 | +33.8% |
| Distributable reserves | 133 | €175,097 | €234,347 | +€59,251 | +33.8% |
| Amounts payable | 17/49 | €349,994 | €330,443 | -€19,550 | -5.6% |
| Amounts payable after more than one year | 17 | €176,281 | €150,204 | -€26,077 | -14.8% |
| Financial debts | 170/4 | €176,281 | €150,204 | -€26,077 | -14.8% |
| Amounts payable within one year | 42/48 | €169,734 | €168,602 | -€1,132 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €26,264 | €26,077 | -€187 | -0.7% |
| Trade debts | 44 | €3,933 | €5,737 | +€1,805 | +45.9% |
| Suppliers | 440/4 | €3,933 | €5,737 | +€1,805 | +45.9% |
| Taxes, remuneration and social security | 45 | €11,130 | €12,607 | +€1,478 | +13.3% |
| Taxes | 450/3 | €7,680 | €4,907 | -€2,772 | -36.1% |
| Remuneration and social security | 454/9 | €3,450 | €7,700 | +€4,250 | +123.2% |
| Other amounts payable | 47/48 | €128,408 | €124,181 | -€4,227 | -3.3% |
| Accrued charges and deferred income | 492/3 | €3,979 | €11,637 | +€7,658 | +192.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,311 | €50,499 | -€4,812 | -8.7% |
| Other operating charges | 640/8 | €7,592 | €5,641 | -€1,951 | -25.7% |
| Gross operating margin | 9900 | €139,493 | €161,867 | +€22,374 | +16.0% |
| Operating profit (loss) | 9901 | €76,590 | €105,727 | +€29,137 | +38.0% |
| Financial charges | 65/66B | €16,246 | €16,428 | +€183 | +1.1% |
| Recurring financial charges | 65 | €16,246 | €16,428 | +€183 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €60,344 | €89,299 | +€28,954 | +48.0% |
| Income taxes | 67/77 | €17,680 | €27,048 | +€9,368 | +53.0% |
| Profit (loss) for the period | 9904 | €42,665 | €62,251 | +€19,586 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,665 | €62,251 | +€19,586 | +45.9% |
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 28 September 2026 via checked.be.