VENTIAIR: what changed
Two financial 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.
VENTIAIR
Largest movements
- Tangible fixed assets -€40,897
down €40,897 (-14.4%), from €284,939 to €244,041
of which Land and buildings: -€21,795
- Receivables within one year -€21,339
down €21,339 (-12.1%), from €176,898 to €155,558
of which Other amounts receivable: -€14,181
- Cash -€5,070
down €5,070 (-90.7%), from €5,593 to €523
mainly Other debts (-€39,514) and Net result for the year (-€31,575)
- Other debts -€39,514
down €39,514 (-67.3%), from €58,702 to €19,188
- Profit (loss) carried forward -€31,575
down €31,575, from €24,123 to -€7,451
- Debts after one year -€28,198
down €28,198 (-9.8%), from €286,747 to €258,549
- Trade debts +€17,452
up €17,452 (+219%), from €7,983 to €25,435
- Short-term financial debts +€15,524
up €15,524 (+31.0%), from €50,000 to €65,524
- Gross operating margin -€55,945
down €55,945 (-32.6%), from €171,584 to €115,640
- Staff costs -€9,050
down €9,050 (-9.2%), from €98,767 to €89,717
- Financial charges -€8,640
down €8,640 (-37.5%), from €23,048 to €14,407
- Other operating charges -€4,845
down €4,845 (-68.1%), from €7,111 to €2,266
- Depreciation -€3,175
down €3,175 (-7.2%), from €44,258 to €41,083
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.
Derived cash bridge
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 | €487,784 | €420,233 | -€67,552 | -13.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €285,125 | €244,041 | -€41,083 | -14.4% |
| Intangible fixed assets | 21 | €186 | €0 | -€186 | -100% |
| Tangible fixed assets | 22/27 | €284,939 | €244,041 | -€40,897 | -14.4% |
| Land and buildings | 22 | €238,676 | €216,881 | -€21,795 | -9.1% |
| Plant, machinery and equipment | 23 | €785 | €88 | -€697 | -88.8% |
| Furniture and vehicles | 24 | €45,478 | €27,072 | -€18,405 | -40.5% |
| Current assets | 29/58 | €202,660 | €176,191 | -€26,469 | -13.1% |
| Stocks and contracts in progress | 3 | €16,384 | €16,302 | -€82 | -0.5% |
| Stocks | 30/36 | €16,384 | €16,302 | -€82 | -0.5% |
| Amounts receivable within one year | 40/41 | €176,898 | €155,558 | -€21,339 | -12.1% |
| Trade receivables | 40 | €159,845 | €152,687 | -€7,159 | -4.5% |
| Other amounts receivable | 41 | €17,052 | €2,872 | -€14,181 | -83.2% |
| Cash at bank and in hand | 54/58 | €5,593 | €523 | -€5,070 | -90.7% |
| Deferred charges and accrued income | 490/1 | €3,785 | €3,808 | +€22 | +0.6% |
| Total equity and liabilities | 10/49 | €487,784 | €420,233 | -€67,552 | -13.8% |
| Equity | 10/15 | €52,480 | €20,185 | -€32,295 | -61.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,123 | -€7,451 | -€31,575 | |
| Investment grants | 15 | €7,897 | €7,177 | -€720 | -9.1% |
| Amounts payable | 17/49 | €435,304 | €400,047 | -€35,257 | -8.1% |
| Amounts payable after more than one year | 17 | €286,747 | €258,549 | -€28,198 | -9.8% |
| Financial debts | 170/4 | €286,747 | €258,549 | -€28,198 | -9.8% |
| Amounts payable within one year | 42/48 | €147,323 | €139,995 | -€7,328 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €27,339 | €28,198 | +€859 | +3.1% |
| Financial debts | 43 | €50,000 | €65,524 | +€15,524 | +31.0% |
| Credit institutions | 430/8 | €50,000 | €65,524 | +€15,524 | +31.0% |
| Trade debts | 44 | €7,983 | €25,435 | +€17,452 | +219% |
| Suppliers | 440/4 | €7,983 | €25,435 | +€17,452 | +219% |
| Taxes, remuneration and social security | 45 | €3,300 | €1,650 | -€1,650 | -50.0% |
| Taxes | 450/3 | €3,300 | €1,650 | -€1,650 | -50.0% |
| Other amounts payable | 47/48 | €58,702 | €19,188 | -€39,514 | -67.3% |
| Accrued charges and deferred income | 492/3 | €1,234 | €1,504 | +€270 | +21.8% |
| Remuneration, social security and pensions | 62 | €98,767 | €89,717 | -€9,050 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,258 | €41,083 | -€3,175 | -7.2% |
| Other operating charges | 640/8 | €7,111 | €2,266 | -€4,845 | -68.1% |
| Gross operating margin | 9900 | €171,584 | €115,640 | -€55,945 | -32.6% |
| Operating profit (loss) | 9901 | €21,449 | -€17,427 | -€38,875 | |
| Financial income | 75/76B | €1,023 | €1,069 | +€46 | +4.5% |
| Recurring financial income | 75 | €1,023 | €1,069 | +€46 | +4.5% |
| Financial charges | 65/66B | €23,048 | €14,407 | -€8,640 | -37.5% |
| Recurring financial charges | 65 | €23,048 | €14,407 | -€8,640 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€576 | -€30,765 | -€30,189 | -5,244% |
| Income taxes | 67/77 | €823 | €810 | -€13 | -1.6% |
| Profit (loss) for the period | 9904 | -€1,399 | -€31,575 | -€30,176 | -2,157% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,399 | -€31,575 | -€30,176 | -2,157% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.