VENUSTAS: 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.
VENUSTAS
Largest movements
- Receivables within one year +€17,290
up €17,290 (+47.5%), from €36,372 to €53,661
of which Trade receivables: +€20,677
- Tangible fixed assets -€4,648
down €4,648 (-9.5%), from €49,043 to €44,395
of which Other tangible fixed assets: -€2,952
- Deferred charges and accrued income -€4,231
down €4,231 (-19.3%), from €21,976 to €17,745
- Reserves +€26,667
up €26,667 (+120%), from €22,288 to €48,955
- Tax, wage and social debts -€10,200
down €10,200 (-73.3%), from €13,919 to €3,719
- Trade debts -€6,728
down €6,728 (-83.2%), from €8,089 to €1,360
- Other debts -€4,734
down €4,734 (-7.4%), from €63,966 to €59,233
- Accrued charges and deferred income +€2,286
new in 2025: €2,286
- Gross operating margin +€54,295
up €54,295 (+329%), from €16,524 to €70,819
- Other operating charges +€23,965
up €23,965 (+1,219%), from €1,966 to €25,931
- Taxes +€5,544
up €5,544 (+314%), from €1,766 to €7,311
- Financial charges +€1,964
up €1,964 (+88.8%), from €2,212 to €4,176
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 | €118,263 | €125,553 | +€7,291 | +6.2% |
| Fixed assets | 21/28 | €49,043 | €44,395 | -€4,648 | -9.5% |
| Tangible fixed assets | 22/27 | €49,043 | €44,395 | -€4,648 | -9.5% |
| Furniture and vehicles | 24 | €4,659 | €2,962 | -€1,697 | -36.4% |
| Other tangible fixed assets | 26 | €44,384 | €41,433 | -€2,952 | -6.7% |
| Current assets | 29/58 | €69,219 | €81,159 | +€11,939 | +17.2% |
| Amounts receivable within one year | 40/41 | €36,372 | €53,661 | +€17,290 | +47.5% |
| Trade receivables | 40 | €31,953 | €52,630 | +€20,677 | +64.7% |
| Other amounts receivable | 41 | €4,419 | €1,031 | -€3,388 | -76.7% |
| Cash at bank and in hand | 54/58 | €10,872 | €9,753 | -€1,119 | -10.3% |
| Deferred charges and accrued income | 490/1 | €21,976 | €17,745 | -€4,231 | -19.3% |
| Total equity and liabilities | 10/49 | €118,263 | €125,553 | +€7,291 | +6.2% |
| Equity | 10/15 | €32,288 | €58,955 | +€26,667 | +82.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,288 | €48,955 | +€26,667 | +120% |
| Distributable reserves | 133 | €22,288 | €48,955 | +€26,667 | +120% |
| Amounts payable | 17/49 | €85,975 | €66,598 | -€19,377 | -22.5% |
| Amounts payable within one year | 42/48 | €85,975 | €64,312 | -€21,663 | -25.2% |
| Trade debts | 44 | €8,089 | €1,360 | -€6,728 | -83.2% |
| Suppliers | 440/4 | €8,089 | €1,360 | -€6,728 | -83.2% |
| Taxes, remuneration and social security | 45 | €13,919 | €3,719 | -€10,200 | -73.3% |
| Taxes | 450/3 | €13,919 | €3,719 | -€10,200 | -73.3% |
| Other amounts payable | 47/48 | €63,966 | €59,233 | -€4,734 | -7.4% |
| Accrued charges and deferred income | 492/3 | - | €2,286 | +€2,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,043 | €6,763 | -€280 | -4.0% |
| Other operating charges | 640/8 | €1,966 | €25,931 | +€23,965 | +1,219% |
| Non-recurring operating charges | 66A | €87 | €0 | -€87 | -100% |
| Gross operating margin | 9900 | €16,524 | €70,819 | +€54,295 | +329% |
| Operating profit (loss) | 9901 | €7,428 | €38,125 | +€30,698 | +413% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €2,212 | €4,176 | +€1,964 | +88.8% |
| Recurring financial charges | 65 | €2,212 | €4,176 | +€1,964 | +88.8% |
| Profit (loss) for the period before taxes | 9903 | €5,215 | €33,978 | +€28,763 | +551% |
| Income taxes | 67/77 | €1,766 | €7,311 | +€5,544 | +314% |
| Profit (loss) for the period | 9904 | €3,449 | €26,667 | +€23,218 | +673% |
| Profit (loss) for the period to be appropriated | 9905 | €3,449 | €26,667 | +€23,218 | +673% |
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 17 October 2026 via checked.be.