VENTURI: what changed
Two fiscal 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.
VENTURI
Largest movements
- Cash -€62,103
down €62,103 (-23.4%), from €265,888 to €203,785
mainly Contributions, distributions and other (-€297,094) and Net result for the year (-€26,877)
- Tangible fixed assets -€42,775
down €42,775 (-14.1%), from €304,230 to €261,455
- Deferred charges and accrued income -€8,458
down €8,458 (-100.0%), from €8,458 to €0
- Reserves -€297,094
down €297,094 (-76.4%), from €388,953 to €91,859
of which Distributable reserves: -€297,094
- Other debts +€212,322
up €212,322 (+494.0%), from €42,979 to €255,301
- Profit (loss) carried forward -€26,877
down €26,877 (-24.9%), from €107,940 to €81,063
- Debts after one year -€16,422
down €16,422 (-16.3%), from €100,752 to €84,331
- Tax, wage and social debts +€12,499
up €12,499 (+516.3%), from €2,421 to €14,920
- Gross operating margin -€267,576
down €267,576 (-92.4%), from €289,626 to €22,049
- Financial charges -€89,611
down €89,611 (-98.6%), from €90,877 to €1,266
- Provisions +€80,351
up €80,351, from -€80,351 to €0
- Taxes -€11,890
down €11,890 (-100.0%), from €11,890 to €0
- Other operating charges -€6,703
down €6,703 (-57.6%), from €11,628 to €4,925
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.
Cash bridge derived
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 | €678,962 | €564,440 | -€114,522 | -16.9% |
| Fixed assets | 21/28 | €304,230 | €261,455 | -€42,775 | -14.1% |
| Tangible fixed assets | 22/27 | €304,230 | €261,455 | -€42,775 | -14.1% |
| Land and buildings | 22 | €205,951 | €192,909 | -€13,042 | -6.3% |
| Plant, machinery and equipment | 23 | €67,418 | €53,982 | -€13,436 | -19.9% |
| Furniture and vehicles | 24 | €29,871 | €13,573 | -€16,298 | -54.6% |
| Other tangible fixed assets | 26 | €990 | €990 | = | 0.0% |
| Current assets | 29/58 | €374,732 | €302,985 | -€71,747 | -19.1% |
| Amounts receivable within one year | 40/41 | €10,386 | €9,200 | -€1,186 | -11.4% |
| Trade receivables | 40 | €424 | €0 | -€424 | -100.0% |
| Other amounts receivable | 41 | €9,963 | €9,200 | -€762 | -7.7% |
| Current investments | 50/53 | €90,000 | €90,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €265,888 | €203,785 | -€62,103 | -23.4% |
| Deferred charges and accrued income | 490/1 | €8,458 | €0 | -€8,458 | -100.0% |
| Total equity and liabilities | 10/49 | €678,962 | €564,440 | -€114,522 | -16.9% |
| Equity | 10/15 | €515,485 | €191,514 | -€323,970 | -62.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €388,953 | €91,859 | -€297,094 | -76.4% |
| Non-distributable reserves | 130/1 | €90,000 | €90,000 | = | 0.0% |
| Own shares acquired | 1312 | €90,000 | €90,000 | = | 0.0% |
| Distributable reserves | 133 | €298,953 | €1,859 | -€297,094 | -99.4% |
| Profit (loss) carried forward | 14 | €107,940 | €81,063 | -€26,877 | -24.9% |
| Amounts payable | 17/49 | €163,477 | €372,926 | +€209,448 | +128.1% |
| Amounts payable after more than one year | 17 | €100,752 | €84,331 | -€16,422 | -16.3% |
| Financial debts | 170/4 | €100,752 | €84,331 | -€16,422 | -16.3% |
| Amounts payable within one year | 42/48 | €62,725 | €288,595 | +€225,870 | +360.1% |
| Current portion of amounts payable after more than one year | 42 | €16,276 | €16,422 | +€145 | +0.9% |
| Trade debts | 44 | €1,048 | €1,952 | +€904 | +86.2% |
| Suppliers | 440/4 | €1,048 | €1,952 | +€904 | +86.2% |
| Taxes, remuneration and social security | 45 | €2,421 | €14,920 | +€12,499 | +516.3% |
| Taxes | 450/3 | €2,421 | €14,920 | +€12,499 | +516.3% |
| Other amounts payable | 47/48 | €42,979 | €255,301 | +€212,322 | +494.0% |
| Non-recurring operating income | 76A | €15,007 | €0 | -€15,007 | -100.0% |
| Remuneration, social security and pensions | 62 | €4,879 | €0 | -€4,879 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,300 | €42,775 | +€1,475 | +3.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€80,351 | €0 | +€80,351 | |
| Other operating charges | 640/8 | €11,628 | €4,925 | -€6,703 | -57.6% |
| Gross operating margin | 9900 | €289,626 | €22,049 | -€267,576 | -92.4% |
| Operating profit (loss) | 9901 | €312,169 | -€25,652 | -€337,821 | |
| Financial income | 75/76B | €39 | €41 | +€1 | +3.4% |
| Recurring financial income | 75 | €39 | €41 | +€1 | +3.4% |
| Financial charges | 65/66B | €90,877 | €1,266 | -€89,611 | -98.6% |
| Recurring financial charges | 65 | €90,877 | €1,266 | -€89,611 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €221,331 | -€26,877 | -€248,208 | |
| Income taxes | 67/77 | €11,890 | €0 | -€11,890 | -100.0% |
| Profit (loss) for the period | 9904 | €209,441 | -€26,877 | -€236,318 | |
| Profit (loss) for the period to be appropriated | 9905 | €209,441 | -€26,877 | -€236,318 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.