VENTU: 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.
VENTU
Largest movements
- Current investments -€25,000
down €25,000 (-83.3%), from €30,000 to €5,000
- Cash +€11,702
up €11,702 (+11.5%), from €102,116 to €113,818
mainly Other debts (+€96,620) and Current investments (+€25,000)
- Tangible fixed assets +€6,554
up €6,554 (+12.0%), from €54,521 to €61,075
of which Other tangible fixed assets: +€14,888
- Deferred charges and accrued income -€5,957
down €5,957 (-11.4%), from €52,412 to €46,456
- Receivables within one year -€3,734
down €3,734 (-8.9%), from €42,017 to €38,283
of which Trade receivables: -€22,756
- Reserves -€114,610
down €114,610 (-91.6%), from €125,123 to €10,513
of which Distributable reserves: -€114,610
- Other debts +€96,620
up €96,620 (+310.9%), from €31,075 to €127,695
- Tax, wage and social debts +€23,458
up €23,458 (+126.2%), from €18,589 to €42,047
of which Taxes: +€22,883
- Debts after one year -€14,863
down €14,863 (-23.0%), from €64,755 to €49,892
- Current portion of long-term debt -€6,118
down €6,118 (-29.2%), from €20,981 to €14,863
- Gross operating margin -€152,302
down €152,302 (-74.8%), from €203,556 to €51,254
- Taxes -€42,817
down €42,817 (-97.1%), from €44,105 to €1,288
- Financial income -€14,703
down €14,703 (-100.0%), from €14,710 to €6
- Financial charges -€5,707
down €5,707 (-17.8%), from €32,128 to €26,421
- Depreciation -€5,307
down €5,307 (-20.1%), from €26,444 to €21,137
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,066 | €264,631 | -€16,434 | -5.8% |
| Fixed assets | 21/28 | €54,521 | €61,075 | +€6,554 | +12.0% |
| Tangible fixed assets | 22/27 | €54,521 | €61,075 | +€6,554 | +12.0% |
| Plant, machinery and equipment | 23 | €4,214 | €9,802 | +€5,587 | +132.6% |
| Furniture and vehicles | 24 | €50,307 | €36,385 | -€13,922 | -27.7% |
| Other tangible fixed assets | 26 | - | €14,888 | +€14,888 | |
| Current assets | 29/58 | €226,545 | €203,556 | -€22,989 | -10.1% |
| Amounts receivable within one year | 40/41 | €42,017 | €38,283 | -€3,734 | -8.9% |
| Trade receivables | 40 | €39,039 | €16,283 | -€22,756 | -58.3% |
| Other amounts receivable | 41 | €2,978 | €22,000 | +€19,022 | +638.8% |
| Current investments | 50/53 | €30,000 | €5,000 | -€25,000 | -83.3% |
| Cash at bank and in hand | 54/58 | €102,116 | €113,818 | +€11,702 | +11.5% |
| Deferred charges and accrued income | 490/1 | €52,412 | €46,456 | -€5,957 | -11.4% |
| Total equity and liabilities | 10/49 | €281,066 | €264,631 | -€16,434 | -5.8% |
| Equity | 10/15 | €143,723 | €29,113 | -€114,610 | -79.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,123 | €10,513 | -€114,610 | -91.6% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €116,123 | €1,513 | -€114,610 | -98.7% |
| Amounts payable | 17/49 | €137,343 | €235,518 | +€98,176 | +71.5% |
| Amounts payable after more than one year | 17 | €64,755 | €49,892 | -€14,863 | -23.0% |
| Financial debts | 170/4 | €64,755 | €49,892 | -€14,863 | -23.0% |
| Amounts payable within one year | 42/48 | €72,588 | €185,627 | +€113,039 | +155.7% |
| Current portion of amounts payable after more than one year | 42 | €20,981 | €14,863 | -€6,118 | -29.2% |
| Trade debts | 44 | €1,943 | €1,021 | -€922 | -47.4% |
| Suppliers | 440/4 | €1,943 | €1,021 | -€922 | -47.4% |
| Taxes, remuneration and social security | 45 | €18,589 | €42,047 | +€23,458 | +126.2% |
| Taxes | 450/3 | €16,348 | €39,231 | +€22,883 | +140.0% |
| Remuneration and social security | 454/9 | €2,241 | €2,816 | +€575 | +25.7% |
| Other amounts payable | 47/48 | €31,075 | €127,695 | +€96,620 | +310.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,444 | €21,137 | -€5,307 | -20.1% |
| Other operating charges | 640/8 | €1,325 | €901 | -€425 | -32.0% |
| Gross operating margin | 9900 | €203,556 | €51,254 | -€152,302 | -74.8% |
| Operating profit (loss) | 9901 | €175,787 | €29,216 | -€146,571 | -83.4% |
| Financial income | 75/76B | €14,710 | €6 | -€14,703 | -100.0% |
| Recurring financial income | 75 | €14,710 | €6 | -€14,703 | -100.0% |
| Financial charges | 65/66B | €32,128 | €26,421 | -€5,707 | -17.8% |
| Recurring financial charges | 65 | €32,128 | €26,421 | -€5,707 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €158,368 | €2,801 | -€155,567 | -98.2% |
| Income taxes | 67/77 | €44,105 | €1,288 | -€42,817 | -97.1% |
| Profit (loss) for the period | 9904 | €114,263 | €1,513 | -€112,750 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,263 | €1,513 | -€112,750 | -98.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.