VL Venture: 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.
VL Venture
Largest movements
- Cash +€49,537
up €49,537 (+42.8%), from €115,643 to €165,180
mainly Net result for the year (+€64,512) and Depreciation (+€11,222)
- Receivables within one year +€41,999
up €41,999 (+185%), from €22,689 to €64,688
of which Trade receivables: +€40,869
- Tangible fixed assets -€12,797
down €12,797 (-25.6%), from €49,926 to €37,129
of which Plant, machinery and equipment: -€16,191
- Reserves +€64,512
up €64,512 (+35.2%), from €183,308 to €247,820
- Tax, wage and social debts +€8,647
up €8,647 (+744%), from €1,163 to €9,810
- Other debts +€7,265
up €7,265, from €0 to €7,265
- Trade debts -€2,850
down €2,850 (-94.6%), from €3,014 to €164
- Gross operating margin +€29,092
up €29,092 (+44.1%), from €65,997 to €95,089
- Taxes +€7,050
up €7,050 (+66.1%), from €10,660 to €17,709
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 | €189,142 | €267,396 | +€78,254 | +41.4% |
| Fixed assets | 21/28 | €49,926 | €37,129 | -€12,797 | -25.6% |
| Tangible fixed assets | 22/27 | €49,926 | €37,129 | -€12,797 | -25.6% |
| Plant, machinery and equipment | 23 | €16,266 | €75 | -€16,191 | -99.5% |
| Furniture and vehicles | 24 | €31,225 | €34,939 | +€3,713 | +11.9% |
| Other tangible fixed assets | 26 | €2,434 | €2,115 | -€319 | -13.1% |
| Current assets | 29/58 | €139,217 | €230,268 | +€91,051 | +65.4% |
| Amounts receivable within one year | 40/41 | €22,689 | €64,688 | +€41,999 | +185% |
| Trade receivables | 40 | €20,941 | €61,809 | +€40,869 | +195% |
| Other amounts receivable | 41 | €1,748 | €2,879 | +€1,131 | +64.7% |
| Cash at bank and in hand | 54/58 | €115,643 | €165,180 | +€49,537 | +42.8% |
| Deferred charges and accrued income | 490/1 | €885 | €400 | -€486 | -54.9% |
| Total equity and liabilities | 10/49 | €189,142 | €267,396 | +€78,254 | +41.4% |
| Equity | 10/15 | €184,308 | €248,820 | +€64,512 | +35.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €183,308 | €247,820 | +€64,512 | +35.2% |
| Distributable reserves | 133 | €183,308 | €247,820 | +€64,512 | +35.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €4,835 | €18,577 | +€13,742 | +284% |
| Amounts payable within one year | 42/48 | €4,205 | €17,647 | +€13,442 | +320% |
| Financial debts | 43 | €27 | €408 | +€380 | +1,385% |
| Credit institutions | 430/8 | €27 | €408 | +€380 | +1,385% |
| Trade debts | 44 | €3,014 | €164 | -€2,850 | -94.6% |
| Suppliers | 440/4 | €3,014 | €164 | -€2,850 | -94.6% |
| Taxes, remuneration and social security | 45 | €1,163 | €9,810 | +€8,647 | +744% |
| Taxes | 450/3 | €1,163 | €9,810 | +€8,647 | +744% |
| Other amounts payable | 47/48 | €0 | €7,265 | +€7,265 | |
| Accrued charges and deferred income | 492/3 | €630 | €930 | +€300 | +47.6% |
| Non-recurring operating income | 76A | - | €1,995 | +€1,995 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,674 | €11,222 | -€453 | -3.9% |
| Other operating charges | 640/8 | €1,534 | €1,676 | +€142 | +9.3% |
| Gross operating margin | 9900 | €65,997 | €95,089 | +€29,092 | +44.1% |
| Operating profit (loss) | 9901 | €52,789 | €82,192 | +€29,402 | +55.7% |
| Financial income | 75/76B | €0 | €624 | +€624 | +6,236,200% |
| Recurring financial income | 75 | €0 | €624 | +€624 | +6,236,200% |
| Financial charges | 65/66B | €555 | €594 | +€39 | +7.0% |
| Recurring financial charges | 65 | €555 | €594 | +€39 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €52,234 | €82,221 | +€29,987 | +57.4% |
| Income taxes | 67/77 | €10,660 | €17,709 | +€7,050 | +66.1% |
| Profit (loss) for the period | 9904 | €41,574 | €64,512 | +€22,938 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,574 | €64,512 | +€22,938 | +55.2% |
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 26 October 2026 via checked.be.