VentiForge: 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.
VentiForge
Largest movements
- Receivables within one year +€124,842
up €124,842 (+1,677%), from €7,445 to €132,287
of which Other amounts receivable: +€125,262
- Tangible fixed assets +€64,562
up €64,562 (+597%), from €10,823 to €75,385
of which Land and buildings: +€65,559
- Current investments +€61,788
up €61,788 (+35.5%), from €174,039 to €235,827
- Cash -€20,439
down €20,439 (-6.5%), from €312,674 to €292,235
mainly Receivables within one year (-€124,842) and Investment in fixed assets (net) (-€74,936)
- Reserves +€208,023
up €208,023 (+38.9%), from €534,134 to €742,157
- Tax, wage and social debts +€16,956
up €16,956 (+507%), from €3,347 to €20,303
- Financial income +€197,912
up €197,912 (+357%), from €55,418 to €253,329
- Taxes +€17,455
up €17,455 (+521%), from €3,347 to €20,802
- Depreciation +€6,996
up €6,996 (+207%), from €3,378 to €10,374
- Gross operating margin +€2,968
up €2,968 (+20.7%), from -€14,363 to -€11,395
- Other operating charges +€1,745
up €1,745 (+216%), from €806 to €2,551
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 | €549,881 | €780,676 | +€230,795 | +42.0% |
| Fixed assets | 21/28 | €28,823 | €93,385 | +€64,562 | +224% |
| Tangible fixed assets | 22/27 | €10,823 | €75,385 | +€64,562 | +597% |
| Land and buildings | 22 | - | €65,559 | +€65,559 | |
| Plant, machinery and equipment | 23 | €3,435 | €3,063 | -€372 | -10.8% |
| Furniture and vehicles | 24 | €3,765 | €3,527 | -€238 | -6.3% |
| Other tangible fixed assets | 26 | €3,623 | €3,236 | -€387 | -10.7% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €521,058 | €687,291 | +€166,233 | +31.9% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,445 | €132,287 | +€124,842 | +1,677% |
| Trade receivables | 40 | €1,050 | €629 | -€420 | -40.0% |
| Other amounts receivable | 41 | €6,395 | €131,657 | +€125,262 | +1,959% |
| Current investments | 50/53 | €174,039 | €235,827 | +€61,788 | +35.5% |
| Cash at bank and in hand | 54/58 | €312,674 | €292,235 | -€20,439 | -6.5% |
| Deferred charges and accrued income | 490/1 | €1,901 | €1,943 | +€42 | +2.2% |
| Total equity and liabilities | 10/49 | €549,881 | €780,676 | +€230,795 | +42.0% |
| Equity | 10/15 | €546,534 | €754,557 | +€208,023 | +38.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €534,134 | €742,157 | +€208,023 | +38.9% |
| Distributable reserves | 133 | €534,134 | €742,157 | +€208,023 | +38.9% |
| Amounts payable | 17/49 | €3,347 | €26,119 | +€22,772 | +680% |
| Amounts payable within one year | 42/48 | €3,347 | €25,151 | +€21,803 | +651% |
| Trade debts | 44 | €0 | €4,847 | +€4,847 | |
| Suppliers | 440/4 | €0 | €4,847 | +€4,847 | |
| Taxes, remuneration and social security | 45 | €3,347 | €20,303 | +€16,956 | +507% |
| Taxes | 450/3 | €3,347 | €20,303 | +€16,956 | +507% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €968 | +€968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,378 | €10,374 | +€6,996 | +207% |
| Other operating charges | 640/8 | €806 | €2,551 | +€1,745 | +216% |
| Gross operating margin | 9900 | -€14,363 | -€11,395 | +€2,968 | +20.7% |
| Operating profit (loss) | 9901 | -€18,547 | -€24,320 | -€5,773 | -31.1% |
| Financial income | 75/76B | €55,418 | €253,329 | +€197,912 | +357% |
| Recurring financial income | 75 | €55,418 | €253,329 | +€197,912 | +357% |
| Financial charges | 65/66B | €52 | €183 | +€131 | +254% |
| Recurring financial charges | 65 | €52 | €183 | +€131 | +254% |
| Profit (loss) for the period before taxes | 9903 | €36,819 | €228,826 | +€192,007 | +521% |
| Income taxes | 67/77 | €3,347 | €20,802 | +€17,455 | +521% |
| Profit (loss) for the period | 9904 | €33,472 | €208,023 | +€174,552 | +521% |
| Profit (loss) for the period to be appropriated | 9905 | €33,472 | €208,023 | +€174,552 | +521% |
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 13 October 2026 via checked.be.