Ventures4Growth: 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.
What changed
Ventures4Growth
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€16,670
2024 · €718+€15,952
Equity
€223,167
2024 · €206,497+€16,670
Cash
€4,774
2024 · €8,526-€3,752
Balance sheet total
€1.1m
2024 · €1.2m-€103,210
Largest movements
Assets
- Receivables within one year -€97,724
down €97,724 (-8.1%), from €1.2m to €1.1m
of which Trade receivables: -€167,887
Equity and liabilities
- Other debts -€121,457
down €121,457 (-12.7%), from €956,806 to €835,349
- Profit (loss) carried forward +€16,670
up €16,670 (+21.2%), from €78,603 to €95,273
Income statement
- Financial charges -€8,374
down €8,374 (-19.6%), from €42,686 to €34,312
- Gross operating margin +€6,379
up €6,379 (+4.0%), from €159,094 to €165,473
- Financial income +€2,437
up €2,437 (+55.7%), from €4,375 to €6,812
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.
Result 2024
€718
Gross operating margin
+€6,379
Staff costs
-€1,549
Depreciation
-€40
Other operating charges
+€557
Financial income
+€2,437
Financial charges
+€8,374
Taxes
-€206
Result 2025
€16,670
raises the resultlowers the result
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.
From operations
-€7,163
Investment
+€1,021
Financing
+€2,389
Cash 2024
€8,526
From operations (derived)
-€7,163
Net result for the year
+€16,670
Depreciation
+€3,435
Receivables within one year
+€97,724
Deferred charges and accrued income
-€2,723
Trade debts
+€128
Tax, wage and social debts
+€1,399
Other debts
-€121,457
Accrued charges and deferred income
-€2,340
Investment (derived)
+€1,021
Current investments
+€1,021
Financing
+€2,389
Short-term financial debts
+€2,389
Cash 2025
€4,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,246,240 | €1,143,031 | -€103,210 | -8.3% |
| Fixed assets | 21/28 | €8,724 | €5,288 | -€3,435 | -39.4% |
| Intangible fixed assets | 21 | €4,370 | €2,731 | -€1,639 | -37.5% |
| Tangible fixed assets | 22/27 | €4,354 | €2,558 | -€1,796 | -41.3% |
| Plant, machinery and equipment | 23 | €2,322 | €989 | -€1,333 | -57.4% |
| Furniture and vehicles | 24 | €2,032 | €1,568 | -€464 | -22.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,237,517 | €1,137,742 | -€99,775 | -8.1% |
| Amounts receivable within one year | 40/41 | €1,211,218 | €1,113,494 | -€97,724 | -8.1% |
| Trade receivables | 40 | €1,054,410 | €886,522 | -€167,887 | -15.9% |
| Other amounts receivable | 41 | €156,808 | €226,972 | +€70,164 | +44.7% |
| Current investments | 50/53 | €1,021 | €0 | -€1,021 | -100% |
| Cash at bank and in hand | 54/58 | €8,526 | €4,774 | -€3,752 | -44.0% |
| Deferred charges and accrued income | 490/1 | €16,752 | €19,474 | +€2,723 | +16.3% |
| Total equity and liabilities | 10/49 | €1,246,240 | €1,143,031 | -€103,210 | -8.3% |
| Equity | 10/15 | €206,497 | €223,167 | +€16,670 | +8.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €2,894 | €2,894 | = | 0.0% |
| Distributable reserves | 133 | €2,894 | €2,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,603 | €95,273 | +€16,670 | +21.2% |
| Amounts payable | 17/49 | €1,039,744 | €919,863 | -€119,880 | -11.5% |
| Amounts payable within one year | 42/48 | €1,037,201 | €919,660 | -€117,540 | -11.3% |
| Financial debts | 43 | €1,663 | €4,052 | +€2,389 | +144% |
| Credit institutions | 430/8 | €1,663 | €4,052 | +€2,389 | +144% |
| Trade debts | 44 | €58,424 | €58,553 | +€128 | +0.2% |
| Suppliers | 440/4 | €58,424 | €58,553 | +€128 | +0.2% |
| Taxes, remuneration and social security | 45 | €20,308 | €21,707 | +€1,399 | +6.9% |
| Taxes | 450/3 | €8,309 | €9,385 | +€1,076 | +12.9% |
| Remuneration and social security | 454/9 | €11,998 | €12,321 | +€323 | +2.7% |
| Other amounts payable | 47/48 | €956,806 | €835,349 | -€121,457 | -12.7% |
| Accrued charges and deferred income | 492/3 | €2,543 | €203 | -€2,340 | -92.0% |
| Non-recurring operating income | 76A | €17,019 | €0 | -€17,019 | -100% |
| Remuneration, social security and pensions | 62 | €105,791 | €107,340 | +€1,549 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,395 | €3,435 | +€40 | +1.2% |
| Other operating charges | 640/8 | €1,700 | €1,143 | -€557 | -32.8% |
| Gross operating margin | 9900 | €159,094 | €165,473 | +€6,379 | +4.0% |
| Operating profit (loss) | 9901 | €48,208 | €53,556 | +€5,347 | +11.1% |
| Financial income | 75/76B | €4,375 | €6,812 | +€2,437 | +55.7% |
| Recurring financial income | 75 | €4,375 | €6,812 | +€2,437 | +55.7% |
| Financial charges | 65/66B | €42,686 | €34,312 | -€8,374 | -19.6% |
| Recurring financial charges | 65 | €42,686 | €34,312 | -€8,374 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €9,897 | €26,056 | +€16,158 | +163% |
| Income taxes | 67/77 | €9,179 | €9,385 | +€206 | +2.2% |
| Profit (loss) for the period | 9904 | €718 | €16,670 | +€15,952 | +2,221% |
| Profit (loss) for the period to be appropriated | 9905 | €718 | €16,670 | +€15,952 | +2,221% |
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 19 October 2026 via checked.be.