Ventures4Growth Group: 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.
Ventures4Growth Group
Largest movements
- Receivables within one year +€33,549
up €33,549 (+14.7%), from €227,498 to €261,047
of which Trade receivables: +€100,000
- Cash -€8,882
down €8,882 (-26.0%), from €34,136 to €25,254
mainly Receivables within one year (-€33,549) and Trade debts (-€9,165)
- Other debts +€18,430
up €18,430 (+14.5%), from €127,234 to €145,664
- Profit (loss) carried forward +€12,156
up €12,156 (+19.2%), from €63,150 to €75,306
- Trade debts -€9,165
down €9,165 (-85.9%), from €10,668 to €1,503
- Tax, wage and social debts +€3,502
up €3,502 (+32.4%), from €10,823 to €14,325
of which Taxes: +€3,189
- Financial charges -€3,578
down €3,578 (-45.4%), from €7,879 to €4,301
- Taxes +€1,738
up €1,738 (+42.1%), from €4,124 to €5,862
- Staff costs +€1,437
up €1,437 (+1.9%), from €77,465 to €78,902
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 | €261,639 | €286,307 | +€24,667 | +9.4% |
| Current assets | 29/58 | €261,639 | €286,307 | +€24,667 | +9.4% |
| Amounts receivable within one year | 40/41 | €227,498 | €261,047 | +€33,549 | +14.7% |
| Trade receivables | 40 | €125,000 | €225,000 | +€100,000 | +80.0% |
| Other amounts receivable | 41 | €102,498 | €36,047 | -€66,451 | -64.8% |
| Current investments | 50/53 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,136 | €25,254 | -€8,882 | -26.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €261,639 | €286,307 | +€24,667 | +9.4% |
| Equity | 10/15 | €90,650 | €102,806 | +€12,156 | +13.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,150 | €75,306 | +€12,156 | +19.2% |
| Amounts payable | 17/49 | €170,989 | €183,501 | +€12,511 | +7.3% |
| Amounts payable within one year | 42/48 | €170,989 | €183,501 | +€12,511 | +7.3% |
| Trade debts | 44 | €10,668 | €1,503 | -€9,165 | -85.9% |
| Suppliers | 440/4 | €10,668 | €1,503 | -€9,165 | -85.9% |
| Advances received on contracts in progress | 46 | €22,265 | €22,009 | -€255 | -1.1% |
| Taxes, remuneration and social security | 45 | €10,823 | €14,325 | +€3,502 | +32.4% |
| Taxes | 450/3 | €2,048 | €5,237 | +€3,189 | +156% |
| Remuneration and social security | 454/9 | €8,775 | €9,088 | +€313 | +3.6% |
| Other amounts payable | 47/48 | €127,234 | €145,664 | +€18,430 | +14.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €77,465 | €78,902 | +€1,437 | +1.9% |
| Other operating charges | 640/8 | €365 | €544 | +€179 | +49.1% |
| Gross operating margin | 9900 | €102,452 | €101,764 | -€688 | -0.7% |
| Operating profit (loss) | 9901 | €24,623 | €22,318 | -€2,304 | -9.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €7,879 | €4,301 | -€3,578 | -45.4% |
| Recurring financial charges | 65 | €7,879 | €4,301 | -€3,578 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €16,744 | €18,018 | +€1,273 | +7.6% |
| Income taxes | 67/77 | €4,124 | €5,862 | +€1,738 | +42.1% |
| Profit (loss) for the period | 9904 | €12,621 | €12,156 | -€465 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,621 | €12,156 | -€465 | -3.7% |
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 30 October 2026 via checked.be.