Ventivak: 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.
Ventivak
Largest movements
- Receivables within one year +€191,007
up €191,007 (+57.8%), from €330,405 to €521,412
of which Trade receivables: +€210,084
- Cash -€65,456
down €65,456 (-44.7%), from €146,382 to €80,926
mainly Receivables within one year (-€191,007) and Contributions, distributions and other (-€97,895)
- Deferred charges and accrued income -€16,715
down €16,715 (-84.0%), from €19,904 to €3,189
- Tangible fixed assets -€14,631
down €14,631 (-4.0%), from €363,770 to €349,139
- Reserves +€138,653
up €138,653 (+29.3%), from €472,739 to €611,392
- Tax, wage and social debts +€63,242
up €63,242 (+283.8%), from €22,281 to €85,524
of which Taxes: +€62,563
- Debts after one year -€48,095
down €48,095 (-22.1%), from €217,927 to €169,833
- Trade debts -€34,179
down €34,179 (-36.7%), from €93,255 to €59,076
- Other debts -€30,770
down €30,770 (-21.1%), from €145,817 to €115,047
- Write-downs -€118,937
down €118,937, from €59,468 to -€59,468
- Staff costs +€58,208
up €58,208 (+7.2%), from €812,821 to €871,030
- Taxes +€57,500
up €57,500 (+98.5%), from €58,393 to €115,893
- Financial income +€48,220
up €48,220 (+3356.2%), from €1,437 to €49,657
- Gross operating margin +€26,654
up €26,654 (+2.4%), from €1.1m to €1.2m
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 | €1,031,800 | €1,122,567 | +€90,767 | +8.8% |
| Fixed assets | 21/28 | €368,770 | €354,139 | -€14,631 | -4.0% |
| Tangible fixed assets | 22/27 | €363,770 | €349,139 | -€14,631 | -4.0% |
| Land and buildings | 22 | €322,787 | €316,442 | -€6,345 | -2.0% |
| Plant, machinery and equipment | 23 | €5,944 | €3,460 | -€2,484 | -41.8% |
| Furniture and vehicles | 24 | €35,040 | €29,237 | -€5,803 | -16.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €663,030 | €768,428 | +€105,398 | +15.9% |
| Stocks and contracts in progress | 3 | €166,339 | €162,901 | -€3,438 | -2.1% |
| Stocks | 30/36 | €166,339 | €162,901 | -€3,438 | -2.1% |
| Amounts receivable within one year | 40/41 | €330,405 | €521,412 | +€191,007 | +57.8% |
| Trade receivables | 40 | €267,083 | €477,167 | +€210,084 | +78.7% |
| Other amounts receivable | 41 | €63,322 | €44,245 | -€19,077 | -30.1% |
| Cash at bank and in hand | 54/58 | €146,382 | €80,926 | -€65,456 | -44.7% |
| Deferred charges and accrued income | 490/1 | €19,904 | €3,189 | -€16,715 | -84.0% |
| Total equity and liabilities | 10/49 | €1,031,800 | €1,122,567 | +€90,767 | +8.8% |
| Equity | 10/15 | €491,339 | €629,992 | +€138,653 | +28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €472,739 | €611,392 | +€138,653 | +29.3% |
| Distributable reserves | 133 | €472,739 | €611,392 | +€138,653 | +29.3% |
| Amounts payable | 17/49 | €540,461 | €492,575 | -€47,886 | -8.9% |
| Amounts payable after more than one year | 17 | €217,927 | €169,833 | -€48,095 | -22.1% |
| Financial debts | 170/4 | €217,927 | €169,833 | -€48,095 | -22.1% |
| Amounts payable within one year | 42/48 | €322,533 | €322,742 | +€208 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €46,180 | €48,095 | +€1,914 | +4.1% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Other loans | 439 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €93,255 | €59,076 | -€34,179 | -36.7% |
| Suppliers | 440/4 | €93,255 | €59,076 | -€34,179 | -36.7% |
| Taxes, remuneration and social security | 45 | €22,281 | €85,524 | +€63,242 | +283.8% |
| Taxes | 450/3 | €9,928 | €72,491 | +€62,563 | +630.2% |
| Remuneration and social security | 454/9 | €12,353 | €13,032 | +€679 | +5.5% |
| Other amounts payable | 47/48 | €145,817 | €115,047 | -€30,770 | -21.1% |
| Remuneration, social security and pensions | 62 | €812,821 | €871,030 | +€58,208 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,274 | €22,652 | +€2,377 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €59,468 | -€59,468 | -€118,937 | |
| Other operating charges | 640/8 | €3,996 | €3,966 | -€31 | -0.8% |
| Gross operating margin | 9900 | €1,129,881 | €1,156,535 | +€26,654 | +2.4% |
| Operating profit (loss) | 9901 | €233,320 | €318,357 | +€85,036 | +36.4% |
| Financial income | 75/76B | €1,437 | €49,657 | +€48,220 | +3356.2% |
| Recurring financial income | 75 | €1,437 | €49,657 | +€48,220 | +3356.2% |
| Financial charges | 65/66B | €16,899 | €15,573 | -€1,326 | -7.8% |
| Recurring financial charges | 65 | €16,899 | €15,573 | -€1,326 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €217,858 | €352,440 | +€134,582 | +61.8% |
| Income taxes | 67/77 | €58,393 | €115,893 | +€57,500 | +98.5% |
| Profit (loss) for the period | 9904 | €159,465 | €236,547 | +€77,083 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €159,465 | €236,547 | +€77,083 | +48.3% |
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 29 September 2026 via checked.be.