VENTICO: 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
VENTICO
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€100,777
2024 · -€119,929+€220,706
Equity
€252,145
2024 · €151,369+€100,777
Cash
€77,763
2024 · €66,592+€11,171
Balance sheet total
€2.1m
2024 · €2.6m-€566,113
Largest movements
Assets
- Stocks and contracts -€592,091
down €592,091 (-49.8%), from €1.2m to €596,766
of which Contracts in progress: -€463,698
Equity and liabilities
- Advances received -€384,875
down €384,875 (-60.3%), from €638,632 to €253,757
- Trade debts -€317,486
down €317,486 (-35.2%), from €901,732 to €584,246
- Reserves +€100,777
up €100,777 (+75.9%), from €132,777 to €233,553
- Tax, wage and social debts +€29,244
up €29,244 (+41.3%), from €70,883 to €100,127
of which Taxes: +€70,846
- Other debts +€28,064
new in 2025: €28,064
Income statement
- Gross operating margin +€260,060
up €260,060 (+30.0%), from €867,009 to €1.1m
- Taxes +€71,127
up €71,127, from -€146 to €70,981
- Financial income +€14,694
up €14,694 (+141.0%), from €10,418 to €25,111
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
-€119,929
Gross operating margin
+€260,060
Staff costs
-€3,502
Depreciation
-€748
Other operating charges
+€10,870
Other operating items
+€999
Financial income
+€14,694
Financial charges
+€9,460
Taxes
-€71,127
Result 2025
€100,777
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
+€99,848
Investment
-€67,700
Financing
-€20,977
Cash 2024
€66,592
From operations (derived)
+€99,848
Net result for the year
+€100,777
Depreciation
+€64,182
Stocks and contracts
+€592,091
Receivables within one year
-€16,864
Deferred charges and accrued income
+€5,574
Trade debts
-€317,486
Tax, wage and social debts
+€29,244
Advances received
-€384,875
Other debts
+€28,064
Accrued charges and deferred income
-€860
Investment (derived)
-€67,700
Investment in fixed assets (net)
-€67,700
Financing
-€20,977
Debts after one year
-€23,729
Current portion of long-term debt
+€882
Short-term financial debts
+€1,870
Cash 2025
€77,763
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,627,016 | €2,060,903 | -€566,113 | -21.5% |
| Fixed assets | 21/28 | €696,176 | €699,694 | +€3,517 | +0.5% |
| Intangible fixed assets | 21 | €403 | €202 | -€202 | -50.0% |
| Tangible fixed assets | 22/27 | €695,773 | €699,492 | +€3,719 | +0.5% |
| Land and buildings | 22 | €14,381 | €9,543 | -€4,839 | -33.6% |
| Plant, machinery and equipment | 23 | €14,282 | €17,584 | +€3,302 | +23.1% |
| Furniture and vehicles | 24 | €55,855 | €43,864 | -€11,992 | -21.5% |
| Other tangible fixed assets | 26 | €611,254 | €628,502 | +€17,248 | +2.8% |
| Current assets | 29/58 | €1,930,840 | €1,361,210 | -€569,630 | -29.5% |
| Amounts receivable after more than one year | 29 | €234,209 | €234,209 | = | 0.0% |
| Other amounts receivable | 291 | €234,209 | €234,209 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,188,857 | €596,766 | -€592,091 | -49.8% |
| Stocks | 30/36 | €524,117 | €395,724 | -€128,393 | -24.5% |
| Contracts in progress | 37 | €664,740 | €201,042 | -€463,698 | -69.8% |
| Amounts receivable within one year | 40/41 | €404,786 | €421,650 | +€16,864 | +4.2% |
| Trade receivables | 40 | €200,991 | €108,891 | -€92,100 | -45.8% |
| Other amounts receivable | 41 | €203,795 | €312,759 | +€108,963 | +53.5% |
| Cash at bank and in hand | 54/58 | €66,592 | €77,763 | +€11,171 | +16.8% |
| Deferred charges and accrued income | 490/1 | €36,396 | €30,821 | -€5,574 | -15.3% |
| Total equity and liabilities | 10/49 | €2,627,016 | €2,060,903 | -€566,113 | -21.5% |
| Equity | 10/15 | €151,369 | €252,145 | +€100,777 | +66.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €132,777 | €233,553 | +€100,777 | +75.9% |
| Distributable reserves | 133 | €132,777 | €233,553 | +€100,777 | +75.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,475,648 | €1,808,758 | -€666,890 | -26.9% |
| Amounts payable after more than one year | 17 | €440,208 | €416,479 | -€23,729 | -5.4% |
| Financial debts | 170/4 | €440,208 | €416,479 | -€23,729 | -5.4% |
| Amounts payable within one year | 42/48 | €1,938,917 | €1,296,617 | -€642,301 | -33.1% |
| Current portion of amounts payable after more than one year | 42 | €22,847 | €23,729 | +€882 | +3.9% |
| Financial debts | 43 | €304,824 | €306,694 | +€1,870 | +0.6% |
| Credit institutions | 430/8 | €304,824 | €306,694 | +€1,870 | +0.6% |
| Trade debts | 44 | €901,732 | €584,246 | -€317,486 | -35.2% |
| Suppliers | 440/4 | €901,732 | €584,246 | -€317,486 | -35.2% |
| Advances received on contracts in progress | 46 | €638,632 | €253,757 | -€384,875 | -60.3% |
| Taxes, remuneration and social security | 45 | €70,883 | €100,127 | +€29,244 | +41.3% |
| Taxes | 450/3 | €1,847 | €72,693 | +€70,846 | +3835.8% |
| Remuneration and social security | 454/9 | €69,036 | €27,434 | -€41,602 | -60.3% |
| Other amounts payable | 47/48 | - | €28,064 | +€28,064 | |
| Accrued charges and deferred income | 492/3 | €96,523 | €95,663 | -€860 | -0.9% |
| Non-recurring operating income | 76A | €43,650 | €15,500 | -€28,150 | -64.5% |
| Remuneration, social security and pensions | 62 | €816,715 | €820,217 | +€3,502 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,434 | €64,182 | +€748 | +1.2% |
| Other operating charges | 640/8 | €33,934 | €23,063 | -€10,870 | -32.0% |
| Non-recurring operating charges | 66A | €4,904 | €3,905 | -€999 | -20.4% |
| Gross operating margin | 9900 | €867,009 | €1,127,069 | +€260,060 | +30.0% |
| Operating profit (loss) | 9901 | -€51,977 | €215,701 | +€267,678 | |
| Financial income | 75/76B | €10,418 | €25,111 | +€14,694 | +141.0% |
| Recurring financial income | 75 | €10,418 | €25,111 | +€14,694 | +141.0% |
| Financial charges | 65/66B | €78,515 | €69,055 | -€9,460 | -12.0% |
| Recurring financial charges | 65 | €78,515 | €69,055 | -€9,460 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€120,075 | €171,757 | +€291,832 | |
| Income taxes | 67/77 | -€146 | €70,981 | +€71,127 | |
| Profit (loss) for the period | 9904 | -€119,929 | €100,777 | +€220,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€119,929 | €100,777 | +€220,706 |
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 3 October 2026 via checked.be.