VENTUM: 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.
VENTUM
Largest movements
- Stocks and contracts -€1.7m
down €1.7m (-85.4%), from €2.0m to €286,000
- Current investments +€1.2m
new in 2025: €1.2m
- Tangible fixed assets -€126,739
down €126,739 (-41.4%), from €305,865 to €179,126
of which Land and buildings: -€157,146
- Receivables within one year -€108,404
down €108,404 (-58.9%), from €183,951 to €75,547
of which Other amounts receivable: -€76,251
- Short-term financial debts -€1.3m
no longer reported in 2025 (was €1.3m)
- Other debts +€467,220
up €467,220 (+1611.2%), from €28,998 to €496,218
- Debts after one year -€230,485
down €230,485 (-28.7%), from €803,596 to €573,111
of which Financial debts: -€229,781
- Reserves +€136,601
up €136,601 (+26.7%), from €511,802 to €648,403
of which Tax-exempt reserves: +€229,450
- Provisions +€76,483
new in 2025: €76,483
- Gross operating margin +€606,455
up €606,455 (+168.3%), from €360,354 to €966,809
- Taxes +€200,000
new in 2025: €200,000
- Financial charges -€127,626
down €127,626 (-81.7%), from €156,296 to €28,670
- Depreciation -€15,113
down €15,113 (-56.3%), from €26,848 to €11,735
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 | €2,572,571 | €1,833,978 | -€738,593 | -28.7% |
| Fixed assets | 21/28 | €305,865 | €179,126 | -€126,739 | -41.4% |
| Tangible fixed assets | 22/27 | €305,865 | €179,126 | -€126,739 | -41.4% |
| Land and buildings | 22 | €302,586 | €145,440 | -€157,146 | -51.9% |
| Furniture and vehicles | 24 | €3,279 | €28,995 | +€25,716 | +784.3% |
| Other tangible fixed assets | 26 | - | €4,691 | +€4,691 | |
| Current assets | 29/58 | €2,266,706 | €1,654,852 | -€611,854 | -27.0% |
| Stocks and contracts in progress | 3 | €1,964,669 | €286,000 | -€1.7m | -85.4% |
| Stocks | 30/36 | €1,964,669 | €286,000 | -€1.7m | -85.4% |
| Amounts receivable within one year | 40/41 | €183,951 | €75,547 | -€108,404 | -58.9% |
| Trade receivables | 40 | €107,700 | €75,547 | -€32,153 | -29.9% |
| Other amounts receivable | 41 | €76,251 | - | -€76,251 | |
| Current investments | 50/53 | - | €1,200,000 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €118,086 | €93,305 | -€24,781 | -21.0% |
| Total equity and liabilities | 10/49 | €2,572,571 | €1,833,978 | -€738,593 | -28.7% |
| Equity | 10/15 | €432,280 | €571,881 | +€139,601 | +32.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €511,802 | €648,403 | +€136,601 | +26.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €229,450 | +€229,450 | |
| Distributable reserves | 133 | €509,942 | €417,093 | -€92,849 | -18.2% |
| Profit (loss) carried forward | 14 | -€85,722 | -€82,722 | +€3,000 | +3.5% |
| Provisions and deferred taxes | 16 | - | €76,483 | +€76,483 | |
| Deferred taxes | 168 | - | €76,483 | +€76,483 | |
| Amounts payable | 17/49 | €2,140,291 | €1,185,614 | -€954,677 | -44.6% |
| Amounts payable after more than one year | 17 | €803,596 | €573,111 | -€230,485 | -28.7% |
| Financial debts | 170/4 | €802,636 | €572,855 | -€229,781 | -28.6% |
| Other amounts payable | 178/9 | €960 | €256 | -€704 | -73.3% |
| Amounts payable within one year | 42/48 | €1,336,695 | €612,503 | -€724,192 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €44,207 | €30,962 | -€13,245 | -30.0% |
| Financial debts | 43 | €1,256,432 | - | -€1.3m | |
| Credit institutions | 430/8 | €1,256,432 | - | -€1.3m | |
| Trade debts | 44 | €3,548 | €49,014 | +€45,466 | +1281.5% |
| Suppliers | 440/4 | €3,548 | €49,014 | +€45,466 | +1281.5% |
| Taxes, remuneration and social security | 45 | €3,510 | €36,309 | +€32,799 | +934.4% |
| Taxes | 450/3 | €3,510 | €36,309 | +€32,799 | +934.4% |
| Other amounts payable | 47/48 | €28,998 | €496,218 | +€467,220 | +1611.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,848 | €11,735 | -€15,113 | -56.3% |
| Other operating charges | 640/8 | €5,524 | €3,378 | -€2,146 | -38.8% |
| Gross operating margin | 9900 | €360,354 | €966,809 | +€606,455 | +168.3% |
| Operating profit (loss) | 9901 | €327,982 | €951,696 | +€623,714 | +190.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €156,296 | €28,670 | -€127,626 | -81.7% |
| Recurring financial charges | 65 | €156,296 | €28,670 | -€127,626 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €171,689 | €923,026 | +€751,337 | +437.6% |
| Transfer to deferred taxes | 680 | - | €76,483 | +€76,483 | |
| Income taxes | 67/77 | - | €200,000 | +€200,000 | |
| Profit (loss) for the period | 9904 | €171,689 | €646,543 | +€474,854 | +276.6% |
| Transfer to tax-exempt reserves | 689 | - | €229,450 | +€229,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €171,689 | €417,093 | +€245,404 | +142.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.