VENU: 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
VENU
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €259,430+€1.0m
Equity
€4.5m
2024 · €3.3m+€1.2m
Cash
€12,256
2024 · €16,941-€4,685
Balance sheet total
€11.1m
2024 · €8.1m+€3.0m
Largest movements
Assets
- Tangible fixed assets +€2.5m
up €2.5m (+92.5%), from €2.7m to €5.2m
of which Land and buildings: +€2.6m
- Receivables within one year +€396,887
up €396,887 (+122%), from €324,568 to €721,455
of which Trade receivables: +€364,703
- Financial fixed assets +€150,000
up €150,000 (+3.0%), from €5.0m to €5.1m
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+81.5%), from €2.0m to €3.6m
- Reserves +€1.2m
up €1.2m (+47.7%), from €2.5m to €3.7m
of which Distributable reserves: +€1.2m
- Current portion of long-term debt +€113,134
up €113,134 (+27.7%), from €408,147 to €521,281
Income statement
- Financial income +€955,897
up €955,897 (+272%), from €351,092 to €1.3m
- Gross operating margin +€209,702
up €209,702 (+42.4%), from €494,789 to €704,491
- Financial charges +€63,733
up €63,733 (+57.2%), from €111,465 to €175,198
- Depreciation +€40,562
up €40,562 (+26.0%), from €156,259 to €196,821
- Staff costs +€35,309
up €35,309 (+12.2%), from €289,659 to €324,967
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
€259,430
Gross operating margin
+€209,702
Staff costs
-€35,309
Depreciation
-€40,562
Other operating charges
+€12,829
Financial income
+€955,897
Financial charges
-€63,733
Taxes
+€1,005
Result 2025
€1.3m
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
+€1.1m
Investment
-€2.8m
Financing
+€1.7m
Cash 2024
€16,941
From operations (derived)
+€1.1m
Net result for the year
+€1.3m
Depreciation
+€196,821
Receivables within one year
-€396,887
Smaller working-capital items
-€7,663
Trade debts
+€32,770
Tax, wage and social debts
+€14,421
Other debts
-€84,146
Accrued charges and deferred income
+€58,020
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€2.8m
Financing
+€1.7m
Debts after one year
+€1.6m
Current portion of long-term debt
+€113,134
Short-term financial debts
+€100,000
Contributions, distributions and other
-€112,792
Cash 2025
€12,256
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,061,849 | €11,107,551 | +€3.0m | +37.8% |
| Fixed assets | 21/28 | €7,661,677 | €10,309,323 | +€2.6m | +34.6% |
| Tangible fixed assets | 22/27 | €2,698,820 | €5,196,467 | +€2.5m | +92.5% |
| Land and buildings | 22 | €2,256,259 | €4,843,290 | +€2.6m | +115% |
| Plant, machinery and equipment | 23 | - | €1,655 | +€1,655 | |
| Furniture and vehicles | 24 | €14,250 | €29,101 | +€14,851 | +104% |
| Leasing and similar rights | 25 | €428,311 | €322,422 | -€105,889 | -24.7% |
| Financial fixed assets | 28 | €4,962,857 | €5,112,857 | +€150,000 | +3.0% |
| Current assets | 29/58 | €400,172 | €798,227 | +€398,055 | +99.5% |
| Stocks and contracts in progress | 3 | €48,500 | €48,500 | = | 0.0% |
| Stocks | 30/36 | €48,500 | €48,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €324,568 | €721,455 | +€396,887 | +122% |
| Trade receivables | 40 | €151,752 | €516,455 | +€364,703 | +240% |
| Other amounts receivable | 41 | €172,816 | €205,000 | +€32,184 | +18.6% |
| Cash at bank and in hand | 54/58 | €16,941 | €12,256 | -€4,685 | -27.7% |
| Deferred charges and accrued income | 490/1 | €10,163 | €16,016 | +€5,853 | +57.6% |
| Total equity and liabilities | 10/49 | €8,061,849 | €11,107,551 | +€3.0m | +37.8% |
| Equity | 10/15 | €3,305,209 | €4,491,677 | +€1.2m | +35.9% |
| Contributions | 10/11 | €819,400 | €819,400 | = | 0.0% |
| Reserves | 13 | €2,485,809 | €3,672,277 | +€1.2m | +47.7% |
| Tax-exempt reserves | 132 | €103,370 | €97,929 | -€5,441 | -5.3% |
| Distributable reserves | 133 | €2,382,440 | €3,574,348 | +€1.2m | +50.0% |
| Provisions and deferred taxes | 16 | €34,457 | €32,643 | -€1,814 | -5.3% |
| Deferred taxes | 168 | €34,457 | €32,643 | -€1,814 | -5.3% |
| Amounts payable | 17/49 | €4,722,183 | €6,583,231 | +€1.9m | +39.4% |
| Amounts payable after more than one year | 17 | €1,996,404 | €3,623,249 | +€1.6m | +81.5% |
| Financial debts | 170/4 | €1,996,404 | €3,623,249 | +€1.6m | +81.5% |
| Amounts payable within one year | 42/48 | €2,684,210 | €2,860,392 | +€176,182 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €408,147 | €521,281 | +€113,134 | +27.7% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €66,241 | €99,011 | +€32,770 | +49.5% |
| Suppliers | 440/4 | €66,241 | €99,011 | +€32,770 | +49.5% |
| Advances received on contracts in progress | 46 | - | €4 | +€4 | |
| Taxes, remuneration and social security | 45 | €59,216 | €73,637 | +€14,421 | +24.4% |
| Taxes | 450/3 | €24,260 | €36,770 | +€12,510 | +51.6% |
| Remuneration and social security | 454/9 | €34,956 | €36,867 | +€1,911 | +5.5% |
| Other amounts payable | 47/48 | €2,150,606 | €2,066,460 | -€84,146 | -3.9% |
| Accrued charges and deferred income | 492/3 | €41,569 | €99,589 | +€58,020 | +140% |
| Non-recurring operating income | 76A | - | €15,385 | +€15,385 | |
| Remuneration, social security and pensions | 62 | €289,659 | €324,967 | +€35,309 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,259 | €196,821 | +€40,562 | +26.0% |
| Other operating charges | 640/8 | €28,360 | €15,531 | -€12,829 | -45.2% |
| Gross operating margin | 9900 | €494,789 | €704,491 | +€209,702 | +42.4% |
| Operating profit (loss) | 9901 | €20,511 | €167,172 | +€146,660 | +715% |
| Financial income | 75/76B | €351,092 | €1,306,989 | +€955,897 | +272% |
| Recurring financial income | 75 | €351,092 | €1,306,989 | +€955,897 | +272% |
| Financial charges | 65/66B | €111,465 | €175,198 | +€63,733 | +57.2% |
| Recurring financial charges | 65 | €111,465 | €175,198 | +€63,733 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €260,139 | €1,298,963 | +€1.0m | +399% |
| Transfer from deferred taxes | 780 | €1,814 | €1,814 | = | 0.0% |
| Income taxes | 67/77 | €2,522 | €1,518 | -€1,005 | -39.8% |
| Profit (loss) for the period | 9904 | €259,430 | €1,299,259 | +€1.0m | +401% |
| Transfer from tax-exempt reserves | 789 | €5,440 | €5,441 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €264,870 | €1,304,700 | +€1.0m | +393% |
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 21 October 2026 via checked.be.