Venture Vessel: 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 Vessel
Largest movements
- Current investments -€42,702
down €42,702 (-100%), from €42,702 to €0
- Receivables within one year -€27,904
down €27,904 (-68.7%), from €40,609 to €12,705
of which Trade receivables: -€30,526
- Cash +€13,753
up €13,753 (+29.1%), from €47,250 to €61,003
mainly Current investments (+€42,702) and Receivables within one year (+€27,904)
- Reserves -€57,961
down €57,961 (-57.2%), from €101,391 to €43,430
- Trade debts +€1,437
up €1,437 (+65.3%), from €2,201 to €3,639
- Gross operating margin -€33,433
down €33,433 (-74.5%), from €44,880 to €11,446
- Financial income +€13,402
up €13,402 (+1,071%), from €1,251 to €14,652
- Taxes -€3,845
down €3,845 (-41.6%), from €9,237 to €5,392
- Depreciation -€651
down €651 (-21.2%), from €3,076 to €2,426
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 | €136,180 | €78,143 | -€58,038 | -42.6% |
| Fixed assets | 21/28 | €5,472 | €4,434 | -€1,038 | -19.0% |
| Tangible fixed assets | 22/27 | €5,472 | €4,434 | -€1,038 | -19.0% |
| Land and buildings | 22 | €310 | €33 | -€277 | -89.5% |
| Plant, machinery and equipment | 23 | €2,858 | €2,816 | -€42 | -1.5% |
| Furniture and vehicles | 24 | €2,304 | €1,585 | -€718 | -31.2% |
| Current assets | 29/58 | €130,709 | €73,709 | -€57,000 | -43.6% |
| Amounts receivable within one year | 40/41 | €40,609 | €12,705 | -€27,904 | -68.7% |
| Trade receivables | 40 | €30,526 | €0 | -€30,526 | -100% |
| Other amounts receivable | 41 | €10,083 | €12,705 | +€2,623 | +26.0% |
| Current investments | 50/53 | €42,702 | €0 | -€42,702 | -100% |
| Cash at bank and in hand | 54/58 | €47,250 | €61,003 | +€13,753 | +29.1% |
| Deferred charges and accrued income | 490/1 | €148 | €0 | -€148 | -100% |
| Total equity and liabilities | 10/49 | €136,180 | €78,143 | -€58,038 | -42.6% |
| Equity | 10/15 | €131,391 | €73,430 | -€57,961 | -44.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €101,391 | €43,430 | -€57,961 | -57.2% |
| Distributable reserves | 133 | €101,391 | €43,430 | -€57,961 | -57.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,789 | €4,712 | -€77 | -1.6% |
| Amounts payable within one year | 42/48 | €4,789 | €4,712 | -€77 | -1.6% |
| Financial debts | 43 | €236 | €1 | -€235 | -99.6% |
| Credit institutions | 430/8 | €236 | €1 | -€235 | -99.6% |
| Trade debts | 44 | €2,201 | €3,639 | +€1,437 | +65.3% |
| Suppliers | 440/4 | €2,201 | €3,639 | +€1,437 | +65.3% |
| Taxes, remuneration and social security | 45 | €2,129 | €928 | -€1,201 | -56.4% |
| Taxes | 450/3 | €2,129 | €928 | -€1,201 | -56.4% |
| Other amounts payable | 47/48 | €222 | €144 | -€78 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,076 | €2,426 | -€651 | -21.2% |
| Other operating charges | 640/8 | €953 | €647 | -€306 | -32.1% |
| Gross operating margin | 9900 | €44,880 | €11,446 | -€33,433 | -74.5% |
| Operating profit (loss) | 9901 | €40,851 | €8,374 | -€32,477 | -79.5% |
| Financial income | 75/76B | €1,251 | €14,652 | +€13,402 | +1,071% |
| Recurring financial income | 75 | €1,251 | €14,652 | +€13,402 | +1,071% |
| Financial charges | 65/66B | €421 | €596 | +€175 | +41.5% |
| Recurring financial charges | 65 | €421 | €596 | +€175 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €41,681 | €22,431 | -€19,250 | -46.2% |
| Income taxes | 67/77 | €9,237 | €5,392 | -€3,845 | -41.6% |
| Profit (loss) for the period | 9904 | €32,444 | €17,039 | -€15,405 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,444 | €17,039 | -€15,405 | -47.5% |
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 27 October 2026 via checked.be.