Venuc: 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.
Venuc
Largest movements
- Current investments -€240,634
down €240,634 (-21.7%), from €1.1m to €870,516
- Cash +€167,007
up €167,007 (+121%), from €137,889 to €304,896
mainly Current investments (+€240,634) and Net result for the year (+€219,474)
- Receivables within one year +€20,140
up €20,140 (+9.5%), from €212,247 to €232,388
- Other debts -€259,121
down €259,121 (-49.4%), from €524,246 to €265,126
- Reserves +€219,474
up €219,474 (+27.7%), from €793,332 to €1.0m
of which Distributable reserves: +€261,574
- Financial charges -€44,478
down €44,478 (-22.4%), from €198,724 to €154,246
- Gross operating margin +€33,647
up €33,647 (+8.7%), from €386,046 to €419,694
- Taxes +€17,058
up €17,058 (+22.0%), from €77,551 to €94,609
- Financial income -€14,187
down €14,187 (-17.4%), from €81,395 to €67,208
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 | €1,663,750 | €1,599,412 | -€64,338 | -3.9% |
| Fixed assets | 21/28 | €200,939 | €190,341 | -€10,598 | -5.3% |
| Tangible fixed assets | 22/27 | €200,189 | €189,591 | -€10,598 | -5.3% |
| Land and buildings | 22 | €189,622 | €182,885 | -€6,737 | -3.6% |
| Plant, machinery and equipment | 23 | €1,197 | €2,696 | +€1,498 | +125% |
| Furniture and vehicles | 24 | €4,927 | €1,366 | -€3,560 | -72.3% |
| Other tangible fixed assets | 26 | €4,443 | €2,645 | -€1,798 | -40.5% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €1,462,811 | €1,409,070 | -€53,740 | -3.7% |
| Amounts receivable within one year | 40/41 | €212,247 | €232,388 | +€20,140 | +9.5% |
| Other amounts receivable | 41 | €212,247 | €232,388 | +€20,140 | +9.5% |
| Current investments | 50/53 | €1,111,150 | €870,516 | -€240,634 | -21.7% |
| Cash at bank and in hand | 54/58 | €137,889 | €304,896 | +€167,007 | +121% |
| Deferred charges and accrued income | 490/1 | €1,524 | €1,270 | -€254 | -16.7% |
| Total equity and liabilities | 10/49 | €1,663,750 | €1,599,412 | -€64,338 | -3.9% |
| Equity | 10/15 | €821,533 | €1,041,006 | +€219,474 | +26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €793,332 | €1,012,805 | +€219,474 | +27.7% |
| Tax-exempt reserves | 132 | €105,552 | €63,452 | -€42,100 | -39.9% |
| Distributable reserves | 133 | €687,780 | €949,353 | +€261,574 | +38.0% |
| Profit (loss) carried forward | 14 | €9,601 | €9,601 | = | 0.0% |
| Amounts payable | 17/49 | €842,217 | €558,405 | -€283,812 | -33.7% |
| Amounts payable after more than one year | 17 | €253,936 | €241,045 | -€12,890 | -5.1% |
| Financial debts | 170/4 | €88,936 | €76,045 | -€12,890 | -14.5% |
| Other amounts payable | 178/9 | €165,000 | €165,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €572,967 | €317,083 | -€255,883 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €13,439 | €13,943 | +€504 | +3.8% |
| Trade debts | 44 | €7,673 | €7,509 | -€164 | -2.1% |
| Suppliers | 440/4 | €7,673 | €7,509 | -€164 | -2.1% |
| Taxes, remuneration and social security | 45 | €27,609 | €30,506 | +€2,897 | +10.5% |
| Taxes | 450/3 | €27,609 | €30,506 | +€2,897 | +10.5% |
| Other amounts payable | 47/48 | €524,246 | €265,126 | -€259,121 | -49.4% |
| Accrued charges and deferred income | 492/3 | €15,315 | €277 | -€15,038 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,801 | €13,340 | +€539 | +4.2% |
| Other operating charges | 640/8 | €4,975 | €5,232 | +€257 | +5.2% |
| Gross operating margin | 9900 | €386,046 | €419,694 | +€33,647 | +8.7% |
| Operating profit (loss) | 9901 | €368,270 | €401,122 | +€32,852 | +8.9% |
| Financial income | 75/76B | €81,395 | €67,208 | -€14,187 | -17.4% |
| Recurring financial income | 75 | €81,395 | €67,208 | -€14,187 | -17.4% |
| Financial charges | 65/66B | €198,724 | €154,246 | -€44,478 | -22.4% |
| Recurring financial charges | 65 | €198,724 | €154,246 | -€44,478 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €250,941 | €314,083 | +€63,143 | +25.2% |
| Income taxes | 67/77 | €77,551 | €94,609 | +€17,058 | +22.0% |
| Profit (loss) for the period | 9904 | €173,389 | €219,474 | +€46,085 | +26.6% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €63,150 | €0 | -€63,150 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €110,239 | €261,574 | +€151,335 | +137% |
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 13 October 2026 via checked.be.