Ventose: 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.
Ventose
Largest movements
- Cash -€25,556
down €25,556 (-26.6%), from €96,014 to €70,458
mainly Investment in fixed assets (net) (-€40,152) and Receivables within one year (-€19,729)
- Tangible fixed assets +€24,282
up €24,282 (+55.5%), from €43,751 to €68,032
of which Other tangible fixed assets: +€38,692
- Receivables within one year +€19,729
up €19,729 (+515.3%), from €3,829 to €23,558
of which Trade receivables: +€13,073
- Reserves +€25,000
up €25,000 (+32.7%), from €76,500 to €101,500
- Current portion of long-term debt -€9,291
down €9,291 (-53.4%), from €17,404 to €8,113
- Trade debts +€9,045
up €9,045 (+242.7%), from €3,726 to €12,771
- Debts after one year -€8,113
down €8,113 (-53.9%), from €15,043 to €6,930
- Other debts +€5,982
up €5,982 (+61.7%), from €9,689 to €15,670
- Gross operating margin -€20,428
down €20,428 (-27.9%), from €73,119 to €52,691
- Taxes -€5,599
down €5,599 (-45.6%), from €12,267 to €6,668
- Depreciation +€3,240
up €3,240 (+25.7%), from €12,630 to €15,870
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 | €143,950 | €162,659 | +€18,710 | +13.0% |
| Fixed assets | 21/28 | €43,751 | €68,032 | +€24,282 | +55.5% |
| Tangible fixed assets | 22/27 | €43,751 | €68,032 | +€24,282 | +55.5% |
| Plant, machinery and equipment | 23 | €764 | €409 | -€355 | -46.5% |
| Furniture and vehicles | 24 | €2,584 | €2,004 | -€580 | -22.4% |
| Leasing and similar rights | 25 | €40,403 | €26,927 | -€13,476 | -33.4% |
| Other tangible fixed assets | 26 | - | €38,692 | +€38,692 | |
| Current assets | 29/58 | €100,199 | €94,627 | -€5,572 | -5.6% |
| Amounts receivable within one year | 40/41 | €3,829 | €23,558 | +€19,729 | +515.3% |
| Trade receivables | 40 | €2,146 | €15,219 | +€13,073 | +609.1% |
| Other amounts receivable | 41 | €1,683 | €8,339 | +€6,656 | +395.6% |
| Cash at bank and in hand | 54/58 | €96,014 | €70,458 | -€25,556 | -26.6% |
| Deferred charges and accrued income | 490/1 | €356 | €612 | +€255 | +71.6% |
| Total equity and liabilities | 10/49 | €143,950 | €162,659 | +€18,710 | +13.0% |
| Equity | 10/15 | €87,263 | €111,760 | +€24,497 | +28.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €76,500 | €101,500 | +€25,000 | +32.7% |
| Distributable reserves | 133 | €76,500 | €101,500 | +€25,000 | +32.7% |
| Profit (loss) carried forward | 14 | €763 | €260 | -€503 | -65.9% |
| Amounts payable | 17/49 | €56,687 | €50,899 | -€5,788 | -10.2% |
| Amounts payable after more than one year | 17 | €15,043 | €6,930 | -€8,113 | -53.9% |
| Financial debts | 170/4 | €15,043 | €6,930 | -€8,113 | -53.9% |
| Amounts payable within one year | 42/48 | €38,312 | €42,793 | +€4,481 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €17,404 | €8,113 | -€9,291 | -53.4% |
| Financial debts | 43 | €2,500 | €3,750 | +€1,250 | +50.0% |
| Credit institutions | 430/8 | €2,500 | €3,750 | +€1,250 | +50.0% |
| Trade debts | 44 | €3,726 | €12,771 | +€9,045 | +242.7% |
| Suppliers | 440/4 | €3,726 | €12,771 | +€9,045 | +242.7% |
| Taxes, remuneration and social security | 45 | €4,993 | €2,489 | -€2,504 | -50.2% |
| Taxes | 450/3 | €4,993 | €2,489 | -€2,504 | -50.2% |
| Other amounts payable | 47/48 | €9,689 | €15,670 | +€5,982 | +61.7% |
| Accrued charges and deferred income | 492/3 | €3,332 | €1,176 | -€2,156 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,630 | €15,870 | +€3,240 | +25.7% |
| Other operating charges | 640/8 | €2,036 | €2,417 | +€381 | +18.7% |
| Gross operating margin | 9900 | €73,119 | €52,691 | -€20,428 | -27.9% |
| Operating profit (loss) | 9901 | €58,453 | €34,404 | -€24,049 | -41.1% |
| Financial charges | 65/66B | €2,091 | €2,381 | +€290 | +13.9% |
| Recurring financial charges | 65 | €2,091 | €2,381 | +€290 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €56,362 | €32,024 | -€24,338 | -43.2% |
| Income taxes | 67/77 | €12,267 | €6,668 | -€5,599 | -45.6% |
| Profit (loss) for the period | 9904 | €44,095 | €25,356 | -€18,739 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,095 | €25,356 | -€18,739 | -42.5% |
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 3 October 2026 via checked.be.