VENTILINK: 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.
VENTILINK
Largest movements
- Receivables within one year -€39,880
down €39,880 (-32.3%), from €123,369 to €83,489
of which Trade receivables: -€69,392
- Cash -€26,859
down €26,859 (-22.9%), from €117,346 to €90,487
mainly Debts after one year (-€125,000) and Other debts (-€29,883)
- Tangible fixed assets -€20,800
no longer reported in 2025 (was €20,800)
- Stocks and contracts +€5,454
new in 2025: €5,454
- Debts after one year -€125,000
no longer reported in 2025 (was €125,000)
- Reserves +€51,212
up €51,212 (+1121.1%), from €4,568 to €55,780
of which Distributable reserves: +€51,212
- Other debts -€29,883
down €29,883 (-27.5%), from €108,638 to €78,754
- Trade debts +€14,410
up €14,410 (+181.2%), from €7,950 to €22,360
- Tax, wage and social debts +€7,177
up €7,177 (+53.7%), from €13,359 to €20,536
of which Taxes: +€8,413
- Gross operating margin -€79,231
down €79,231 (-51.9%), from €152,627 to €73,396
- Staff costs -€57,409
down €57,409 (-90.3%), from €63,567 to €6,158
- Financial income +€6,942
up €6,942 (+802.0%), from €865 to €7,807
- Depreciation -€3,200
no longer reported in 2025 (was €3,200)
- Financial charges +€2,879
up €2,879 (+160.9%), from €1,789 to €4,668
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 | €261,515 | €179,431 | -€82,084 | -31.4% |
| Fixed assets | 21/28 | €20,800 | - | -€20,800 | |
| Tangible fixed assets | 22/27 | €20,800 | - | -€20,800 | |
| Furniture and vehicles | 24 | €20,800 | - | -€20,800 | |
| Current assets | 29/58 | €240,715 | €179,431 | -€61,284 | -25.5% |
| Stocks and contracts in progress | 3 | - | €5,454 | +€5,454 | |
| Contracts in progress | 37 | - | €5,454 | +€5,454 | |
| Amounts receivable within one year | 40/41 | €123,369 | €83,489 | -€39,880 | -32.3% |
| Trade receivables | 40 | €118,108 | €48,716 | -€69,392 | -58.8% |
| Other amounts receivable | 41 | €5,261 | €34,773 | +€29,512 | +560.9% |
| Cash at bank and in hand | 54/58 | €117,346 | €90,487 | -€26,859 | -22.9% |
| Total equity and liabilities | 10/49 | €261,515 | €179,431 | -€82,084 | -31.4% |
| Equity | 10/15 | €6,568 | €57,780 | +€51,212 | +779.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,568 | €55,780 | +€51,212 | +1121.1% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €4,168 | €55,380 | +€51,212 | +1228.7% |
| Amounts payable | 17/49 | €254,947 | €121,650 | -€133,297 | -52.3% |
| Amounts payable after more than one year | 17 | €125,000 | - | -€125,000 | |
| Financial debts | 170/4 | €125,000 | - | -€125,000 | |
| Amounts payable within one year | 42/48 | €129,947 | €121,650 | -€8,297 | -6.4% |
| Trade debts | 44 | €7,950 | €22,360 | +€14,410 | +181.2% |
| Suppliers | 440/4 | €7,950 | €22,360 | +€14,410 | +181.2% |
| Taxes, remuneration and social security | 45 | €13,359 | €20,536 | +€7,177 | +53.7% |
| Taxes | 450/3 | €10,699 | €19,112 | +€8,413 | +78.6% |
| Remuneration and social security | 454/9 | €2,660 | €1,423 | -€1,236 | -46.5% |
| Other amounts payable | 47/48 | €108,638 | €78,754 | -€29,883 | -27.5% |
| Non-recurring operating income | 76A | - | €2,050 | +€2,050 | |
| Remuneration, social security and pensions | 62 | €63,567 | €6,158 | -€57,409 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,200 | - | -€3,200 | |
| Other operating charges | 640/8 | €570 | €52 | -€517 | -90.8% |
| Gross operating margin | 9900 | €152,627 | €73,396 | -€79,231 | -51.9% |
| Operating profit (loss) | 9901 | €85,291 | €67,185 | -€18,105 | -21.2% |
| Financial income | 75/76B | €865 | €7,807 | +€6,942 | +802.0% |
| Recurring financial income | 75 | €865 | €7,807 | +€6,942 | +802.0% |
| Financial charges | 65/66B | €1,789 | €4,668 | +€2,879 | +160.9% |
| Recurring financial charges | 65 | €1,789 | €4,668 | +€2,879 | +160.9% |
| Profit (loss) for the period before taxes | 9903 | €84,367 | €70,325 | -€14,042 | -16.6% |
| Income taxes | 67/77 | €21,523 | €19,112 | -€2,411 | -11.2% |
| Profit (loss) for the period | 9904 | €62,844 | €51,212 | -€11,631 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,844 | €51,212 | -€11,631 | -18.5% |
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 6 October 2026 via checked.be.