VENTURE 45: 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.
VENTURE 45
Largest movements
- Tangible fixed assets -€23,513
down €23,513 (-24.8%), from €94,723 to €71,211
of which Furniture and vehicles: -€24,704
- Other debts -€35,074
down €35,074 (-2.4%), from €1.4m to €1.4m
- Financial income +€100,000
up €100,000, from €0 to €100,000
- Other operating charges +€20,916
up €20,916 (+991%), from €2,110 to €23,026
- Gross operating margin -€5,077
down €5,077 (-19.8%), from -€25,675 to -€30,752
- Taxes -€620
down €620 (-26.6%), from €2,332 to €1,712
- Depreciation +€318
up €318 (+1.0%), from €30,914 to €31,233
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 | €1,503,208 | €1,483,147 | -€20,061 | -1.3% |
| Fixed assets | 21/28 | €1,477,327 | €1,453,814 | -€23,513 | -1.6% |
| Tangible fixed assets | 22/27 | €94,723 | €71,211 | -€23,513 | -24.8% |
| Furniture and vehicles | 24 | €94,723 | €70,020 | -€24,704 | -26.1% |
| Other tangible fixed assets | 26 | - | €1,191 | +€1,191 | |
| Financial fixed assets | 28 | €1,382,603 | €1,382,603 | = | 0.0% |
| Current assets | 29/58 | €25,881 | €29,333 | +€3,451 | +13.3% |
| Amounts receivable within one year | 40/41 | €23,799 | €22,700 | -€1,100 | -4.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €23,799 | €22,700 | -€1,100 | -4.6% |
| Cash at bank and in hand | 54/58 | €419 | €3,754 | +€3,335 | +795% |
| Deferred charges and accrued income | 490/1 | €1,663 | €2,879 | +€1,216 | +73.1% |
| Total equity and liabilities | 10/49 | €1,503,208 | €1,483,147 | -€20,061 | -1.3% |
| Equity | 10/15 | €54,926 | €67,621 | +€12,695 | +23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,970 | €32,970 | = | 0.0% |
| Distributable reserves | 133 | €32,970 | €32,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,756 | €28,451 | +€12,695 | +80.6% |
| Amounts payable | 17/49 | €1,448,282 | €1,415,526 | -€32,756 | -2.3% |
| Amounts payable within one year | 42/48 | €1,448,282 | €1,415,526 | -€32,756 | -2.3% |
| Trade debts | 44 | €709 | €1,673 | +€964 | +136% |
| Suppliers | 440/4 | €709 | €1,673 | +€964 | +136% |
| Taxes, remuneration and social security | 45 | €2,689 | €4,043 | +€1,354 | +50.3% |
| Taxes | 450/3 | €2,689 | €4,043 | +€1,354 | +50.3% |
| Other amounts payable | 47/48 | €1,444,884 | €1,409,810 | -€35,074 | -2.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,914 | €31,233 | +€318 | +1.0% |
| Other operating charges | 640/8 | €2,110 | €23,026 | +€20,916 | +991% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€25,675 | -€30,752 | -€5,077 | -19.8% |
| Operating profit (loss) | 9901 | -€58,699 | -€85,011 | -€26,312 | -44.8% |
| Financial income | 75/76B | €0 | €100,000 | +€100,000 | |
| Recurring financial income | 75 | €0 | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €350 | €583 | +€232 | +66.3% |
| Recurring financial charges | 65 | €350 | €583 | +€232 | +66.3% |
| Profit (loss) for the period before taxes | 9903 | -€59,050 | €14,407 | +€73,456 | |
| Income taxes | 67/77 | €2,332 | €1,712 | -€620 | -26.6% |
| Profit (loss) for the period | 9904 | -€61,381 | €12,695 | +€74,076 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,381 | €12,695 | +€74,076 |
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 17 October 2026 via checked.be.