Venturelink: what changed
Venturelink
Largest movements
- Receivables within one year -€19,697
down €19,697 (-91.9%), from €21,438 to €1,741
of which Trade receivables: -€20,570
- Cash +€9,881
up €9,881 (+26.8%), from €36,890 to €46,771
mainly Receivables within one year (+€19,697) and Net result for the year (+€4,488)
- Other debts -€8,842
down €8,842 (-27.1%), from €32,614 to €23,772
- Tax, wage and social debts -€4,066
down €4,066 (-38.7%), from €10,518 to €6,452
- Reserves +€2,822
up €2,822 (+144%), from €1,955 to €4,777
- Gross operating margin -€12,966
down €12,966 (-67.6%), from €19,172 to €6,206
- Taxes -€2,605
down €2,605 (-69.8%), from €3,732 to €1,127
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,329 | €54,512 | -€9,817 | -15.3% |
| Current assets | 29/58 | €64,329 | €54,512 | -€9,817 | -15.3% |
| Amounts receivable within one year | 40/41 | €21,438 | €1,741 | -€19,697 | -91.9% |
| Trade receivables | 40 | €20,570 | - | -€20,570 | |
| Other amounts receivable | 41 | €868 | €1,741 | +€873 | +101% |
| Cash at bank and in hand | 54/58 | €36,890 | €46,771 | +€9,881 | +26.8% |
| Deferred charges and accrued income | 490/1 | €6,000 | €6,000 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €64,329 | €54,512 | -€9,817 | -15.3% |
| Equity | 10/15 | €20,555 | €23,377 | +€2,822 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,955 | €4,777 | +€2,822 | +144% |
| Distributable reserves | 133 | €1,955 | €4,777 | +€2,822 | +144% |
| Amounts payable | 17/49 | €43,774 | €31,135 | -€12,639 | -28.9% |
| Amounts payable within one year | 42/48 | €43,774 | €31,135 | -€12,639 | -28.9% |
| Trade debts | 44 | €642 | €911 | +€270 | +42.0% |
| Suppliers | 440/4 | €642 | €911 | +€270 | +42.0% |
| Taxes, remuneration and social security | 45 | €10,518 | €6,452 | -€4,066 | -38.7% |
| Taxes | 450/3 | €10,518 | €6,452 | -€4,066 | -38.7% |
| Other amounts payable | 47/48 | €32,614 | €23,772 | -€8,842 | -27.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €19,172 | €6,206 | -€12,966 | -67.6% |
| Operating profit (loss) | 9901 | €18,667 | €5,686 | -€12,981 | -69.5% |
| Financial charges | 65/66B | €74 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €74 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €18,593 | €5,616 | -€12,978 | -69.8% |
| Income taxes | 67/77 | €3,732 | €1,127 | -€2,605 | -69.8% |
| Profit (loss) for the period | 9904 | €14,861 | €4,488 | -€10,373 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,861 | €4,488 | -€10,373 | -69.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.