VENTURA: 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.
VENTURA
Largest movements
- Cash -€613,041
down €613,041 (-99.8%), from €614,143 to €1,103
mainly Other debts (-€462,264) and Debts after one year (-€137,241)
- Tangible fixed assets -€155,968
down €155,968 (-5.4%), from €2.9m to €2.7m
of which Land and buildings: -€159,479
- Other debts -€462,264
down €462,264 (-85.7%), from €539,470 to €77,206
- Debts after one year -€137,241
down €137,241 (-10.5%), from €1.3m to €1.2m
- Profit (loss) carried forward -€130,328
down €130,328 (-9.6%), from €1.4m to €1.2m
- Other operating charges -€52,037
down €52,037 (-63.5%), from €81,920 to €29,883
- Gross operating margin +€16,377
up €16,377 (+14.4%), from €113,410 to €129,787
- Financial charges +€14,151
up €14,151 (+25.2%), from €56,096 to €70,246
- Financial income +€8,235
up €8,235 (+76.0%), from €10,836 to €19,071
- Depreciation +€2,937
up €2,937 (+1.7%), from €175,681 to €178,617
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 | €5,877,614 | €5,133,965 | -€743,649 | -12.7% |
| Fixed assets | 21/28 | €4,396,945 | €4,240,977 | -€155,968 | -3.5% |
| Tangible fixed assets | 22/27 | €2,901,266 | €2,745,298 | -€155,968 | -5.4% |
| Land and buildings | 22 | €2,901,266 | €2,741,787 | -€159,479 | -5.5% |
| Furniture and vehicles | 24 | - | €3,511 | +€3,511 | |
| Financial fixed assets | 28 | €1,495,678 | €1,495,678 | = | 0.0% |
| Current assets | 29/58 | €1,480,669 | €892,989 | -€587,681 | -39.7% |
| Amounts receivable within one year | 40/41 | €857,144 | €884,253 | +€27,109 | +3.2% |
| Trade receivables | 40 | €11,309 | €8,033 | -€3,276 | -29.0% |
| Other amounts receivable | 41 | €845,835 | €876,220 | +€30,385 | +3.6% |
| Cash at bank and in hand | 54/58 | €614,143 | €1,103 | -€613,041 | -99.8% |
| Deferred charges and accrued income | 490/1 | €9,382 | €7,633 | -€1,749 | -18.6% |
| Total equity and liabilities | 10/49 | €5,877,614 | €5,133,965 | -€743,649 | -12.7% |
| Equity | 10/15 | €2,634,028 | €2,503,700 | -€130,328 | -4.9% |
| Contributions | 10/11 | €179,469 | €179,469 | = | 0.0% |
| Reserves | 13 | €1,093,666 | €1,093,666 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,075,720 | €1,075,720 | = | 0.0% |
| Distributable reserves | 133 | €17,947 | €17,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,360,892 | €1,230,564 | -€130,328 | -9.6% |
| Provisions and deferred taxes | 16 | €358,573 | €358,573 | = | 0.0% |
| Deferred taxes | 168 | €358,573 | €358,573 | = | 0.0% |
| Amounts payable | 17/49 | €2,885,013 | €2,271,692 | -€613,321 | -21.3% |
| Amounts payable after more than one year | 17 | €1,304,653 | €1,167,412 | -€137,241 | -10.5% |
| Financial debts | 170/4 | €1,304,653 | €1,167,412 | -€137,241 | -10.5% |
| Amounts payable within one year | 42/48 | €1,580,360 | €1,104,281 | -€476,079 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €138,478 | €137,241 | -€1,236 | -0.9% |
| Financial debts | 43 | €870,000 | €870,000 | = | 0.0% |
| Credit institutions | 430/8 | €870,000 | €870,000 | = | 0.0% |
| Trade debts | 44 | €31,077 | €19,394 | -€11,683 | -37.6% |
| Suppliers | 440/4 | €31,077 | €19,394 | -€11,683 | -37.6% |
| Taxes, remuneration and social security | 45 | €1,335 | €439 | -€896 | -67.1% |
| Taxes | 450/3 | €1,335 | €439 | -€896 | -67.1% |
| Other amounts payable | 47/48 | €539,470 | €77,206 | -€462,264 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,681 | €178,617 | +€2,937 | +1.7% |
| Other operating charges | 640/8 | €81,920 | €29,883 | -€52,037 | -63.5% |
| Gross operating margin | 9900 | €113,410 | €129,787 | +€16,377 | +14.4% |
| Operating profit (loss) | 9901 | -€144,191 | -€78,714 | +€65,477 | +45.4% |
| Financial income | 75/76B | €10,836 | €19,071 | +€8,235 | +76.0% |
| Recurring financial income | 75 | €10,836 | €19,071 | +€8,235 | +76.0% |
| Financial charges | 65/66B | €56,096 | €70,246 | +€14,151 | +25.2% |
| Recurring financial charges | 65 | €56,096 | €70,246 | +€14,151 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | -€189,451 | -€129,890 | +€59,561 | +31.4% |
| Income taxes | 67/77 | €350 | €439 | +€88 | +25.2% |
| Profit (loss) for the period | 9904 | -€189,801 | -€130,328 | +€59,473 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€189,801 | -€130,328 | +€59,473 | +31.3% |
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 5 October 2026 via checked.be.