VENTICHIM: 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.
VENTICHIM
Largest movements
- Stocks and contracts +€250,000
up €250,000 (+93.5%), from €267,422 to €517,422
- Cash -€122,198
down €122,198 (-85.5%), from €142,891 to €20,693
mainly Stocks and contracts (-€250,000) and Contributions, distributions and other (-€236,639)
- Receivables within one year +€14,231
up €14,231 (+6.5%), from €218,433 to €232,664
of which Other amounts receivable: +€71,582
- Profit (loss) carried forward -€176,471
down €176,471 (-58.8%), from €300,316 to €123,846
- Trade debts +€146,443
up €146,443 (+98.5%), from €148,680 to €295,123
- Current portion of long-term debt +€82,777
up €82,777 (+214.2%), from €38,652 to €121,429
- Short-term financial debts +€46,585
up €46,585 (+31.1%), from €150,000 to €196,585
- Debts after one year +€42,774
new in 2025: €42,774
- Staff costs +€107,635
up €107,635 (+37.6%), from €286,160 to €393,795
- Purchases and services +€77,064
up €77,064 (+4.6%), from €1.7m to €1.7m
- Gross operating margin -€60,637
down €60,637 (-10.1%), from €601,093 to €540,456
- Taxes -€45,371
down €45,371 (-65.3%), from €69,440 to €24,068
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 | €789,457 | €938,135 | +€148,678 | +18.8% |
| Fixed assets | 21/28 | €148,594 | €154,175 | +€5,582 | +3.8% |
| Intangible fixed assets | 21 | €14,031 | €14,552 | +€521 | +3.7% |
| Tangible fixed assets | 22/27 | €130,513 | €135,573 | +€5,061 | +3.9% |
| Land and buildings | 22 | €57,906 | €50,398 | -€7,508 | -13.0% |
| Plant, machinery and equipment | 23 | €42,677 | €34,484 | -€8,193 | -19.2% |
| Furniture and vehicles | 24 | €29,930 | €50,692 | +€20,761 | +69.4% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €640,863 | €783,959 | +€143,096 | +22.3% |
| Stocks and contracts in progress | 3 | €267,422 | €517,422 | +€250,000 | +93.5% |
| Stocks | 30/36 | €267,422 | €517,422 | +€250,000 | +93.5% |
| Amounts receivable within one year | 40/41 | €218,433 | €232,664 | +€14,231 | +6.5% |
| Trade receivables | 40 | €124,147 | €66,795 | -€57,351 | -46.2% |
| Other amounts receivable | 41 | €94,287 | €165,868 | +€71,582 | +75.9% |
| Cash at bank and in hand | 54/58 | €142,891 | €20,693 | -€122,198 | -85.5% |
| Deferred charges and accrued income | 490/1 | €12,117 | €13,181 | +€1,064 | +8.8% |
| Total equity and liabilities | 10/49 | €789,457 | €938,135 | +€148,678 | +18.8% |
| Equity | 10/15 | €320,776 | €144,306 | -€176,471 | -55.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €300,316 | €123,846 | -€176,471 | -58.8% |
| Amounts payable | 17/49 | €468,680 | €793,829 | +€325,149 | +69.4% |
| Amounts payable after more than one year | 17 | - | €42,774 | +€42,774 | |
| Financial debts | 170/4 | - | €42,774 | +€42,774 | |
| Amounts payable within one year | 42/48 | €468,680 | €750,294 | +€281,614 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €38,652 | €121,429 | +€82,777 | +214.2% |
| Financial debts | 43 | €150,000 | €196,585 | +€46,585 | +31.1% |
| Credit institutions | 430/8 | €150,000 | €196,585 | +€46,585 | +31.1% |
| Trade debts | 44 | €148,680 | €295,123 | +€146,443 | +98.5% |
| Suppliers | 440/4 | €148,680 | €295,123 | +€146,443 | +98.5% |
| Taxes, remuneration and social security | 45 | €116,348 | €85,647 | -€30,701 | -26.4% |
| Taxes | 450/3 | €116,348 | €84,865 | -€31,483 | -27.1% |
| Remuneration and social security | 454/9 | - | €782 | +€782 | |
| Other amounts payable | 47/48 | €15,000 | €51,509 | +€36,509 | +243.4% |
| Accrued charges and deferred income | 492/3 | - | €761 | +€761 | |
| Turnover | 70 | €2,238,141 | €2,248,361 | +€10,220 | +0.5% |
| Non-recurring operating income | 76A | €4,913 | - | -€4,913 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,663,068 | €1,740,133 | +€77,064 | +4.6% |
| Remuneration, social security and pensions | 62 | €286,160 | €393,795 | +€107,635 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,717 | €34,253 | +€6,536 | +23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €153 | - | -€153 | |
| Other operating charges | 640/8 | €9,192 | €8,615 | -€576 | -6.3% |
| Non-recurring operating charges | 66A | €429 | - | -€429 | |
| Gross operating margin | 9900 | €601,093 | €540,456 | -€60,637 | -10.1% |
| Operating profit (loss) | 9901 | €277,442 | €103,793 | -€173,649 | -62.6% |
| Financial income | 75/76B | €4,416 | €6,864 | +€2,448 | +55.4% |
| Recurring financial income | 75 | €4,416 | €6,864 | +€2,448 | +55.4% |
| Financial charges | 65/66B | €24,432 | €26,420 | +€1,988 | +8.1% |
| Recurring financial charges | 65 | €24,432 | €26,420 | +€1,988 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €257,426 | €84,237 | -€173,189 | -67.3% |
| Income taxes | 67/77 | €69,440 | €24,068 | -€45,371 | -65.3% |
| Profit (loss) for the period | 9904 | €187,986 | €60,168 | -€127,818 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €187,986 | €60,168 | -€127,818 | -68.0% |
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 12 October 2026 via checked.be.