VENTORY: 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.
VENTORY
Largest movements
- Intangible fixed assets +€236,398
up €236,398 (+160%), from €147,473 to €383,871
- Cash -€118,678
down €118,678 (-53.3%), from €222,530 to €103,852
mainly Net result for the year (-€756,822) and Investment in fixed assets (net) (-€272,718)
- Receivables within one year -€60,172
down €60,172 (-45.8%), from €131,339 to €71,168
of which Other amounts receivable: -€61,300
- Deferred charges and accrued income -€12,867
down €12,867 (-39.8%), from €32,306 to €19,439
- Profit (loss) carried forward -€756,822
down €756,822 (-102%), from -€743,149 to -€1.5m
- Contributions +€749,778
up €749,778 (+74.3%), from €1.0m to €1.8m
- Accrued charges and deferred income +€39,333
up €39,333 (+6,632%), from €593 to €39,926
- Tax, wage and social debts +€20,725
up €20,725 (+174%), from €11,884 to €32,609
of which Remuneration and social security: +€20,633
- Debts after one year -€15,242
down €15,242 (-7.6%), from €200,000 to €184,758
- Staff costs +€179,879
up €179,879 (+138%), from €130,270 to €310,149
- Gross operating margin +€100,276
up €100,276 (+19.7%), from -€508,221 to -€407,945
- Depreciation +€17,651
up €17,651 (+105%), from €16,775 to €34,426
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 | €539,514 | €586,089 | +€46,575 | +8.6% |
| Fixed assets | 21/28 | €153,339 | €391,631 | +€238,292 | +155% |
| Intangible fixed assets | 21 | €147,473 | €383,871 | +€236,398 | +160% |
| Tangible fixed assets | 22/27 | €3,066 | €4,960 | +€1,894 | +61.8% |
| Plant, machinery and equipment | 23 | €3,066 | €4,960 | +€1,894 | +61.8% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €386,175 | €194,458 | -€191,717 | -49.6% |
| Amounts receivable within one year | 40/41 | €131,339 | €71,168 | -€60,172 | -45.8% |
| Trade receivables | 40 | €44,405 | €45,533 | +€1,128 | +2.5% |
| Other amounts receivable | 41 | €86,934 | €25,634 | -€61,300 | -70.5% |
| Cash at bank and in hand | 54/58 | €222,530 | €103,852 | -€118,678 | -53.3% |
| Deferred charges and accrued income | 490/1 | €32,306 | €19,439 | -€12,867 | -39.8% |
| Total equity and liabilities | 10/49 | €539,514 | €586,089 | +€46,575 | +8.6% |
| Equity | 10/15 | €266,508 | €259,464 | -€7,044 | -2.6% |
| Contributions | 10/11 | €1,009,657 | €1,759,435 | +€749,778 | +74.3% |
| Profit (loss) carried forward | 14 | -€743,149 | -€1,499,971 | -€756,822 | -102% |
| Amounts payable | 17/49 | €273,006 | €326,625 | +€53,619 | +19.6% |
| Amounts payable after more than one year | 17 | €200,000 | €184,758 | -€15,242 | -7.6% |
| Financial debts | 170/4 | €200,000 | €184,758 | -€15,242 | -7.6% |
| Amounts payable within one year | 42/48 | €72,413 | €101,940 | +€29,527 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,742 | +€3,742 | |
| Trade debts | 44 | €60,339 | €57,697 | -€2,642 | -4.4% |
| Suppliers | 440/4 | €60,339 | €57,697 | -€2,642 | -4.4% |
| Taxes, remuneration and social security | 45 | €11,884 | €32,609 | +€20,725 | +174% |
| Taxes | 450/3 | €98 | €189 | +€91 | +93.7% |
| Remuneration and social security | 454/9 | €11,787 | €32,420 | +€20,633 | +175% |
| Other amounts payable | 47/48 | €190 | €7,892 | +€7,703 | +4,059% |
| Accrued charges and deferred income | 492/3 | €593 | €39,926 | +€39,333 | +6,632% |
| Remuneration, social security and pensions | 62 | €130,270 | €310,149 | +€179,879 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,775 | €34,426 | +€17,651 | +105% |
| Other operating charges | 640/8 | €1,514 | €953 | -€561 | -37.1% |
| Non-recurring operating charges | 66A | €80,859 | €2 | -€80,857 | -100.0% |
| Gross operating margin | 9900 | -€508,221 | -€407,945 | +€100,276 | +19.7% |
| Operating profit (loss) | 9901 | -€737,639 | -€753,474 | -€15,836 | -2.1% |
| Financial income | 75/76B | - | €1,465 | +€1,465 | |
| Recurring financial income | 75 | - | €1,465 | +€1,465 | |
| Financial charges | 65/66B | €5,421 | €4,713 | -€708 | -13.1% |
| Recurring financial charges | 65 | €5,421 | €4,713 | -€708 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€743,059 | -€756,722 | -€13,663 | -1.8% |
| Income taxes | 67/77 | €89 | €99 | +€10 | +11.1% |
| Profit (loss) for the period | 9904 | -€743,149 | -€756,822 | -€13,673 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€743,149 | -€756,822 | -€13,673 | -1.8% |
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 14 October 2026 via checked.be.