2Valorise Services: 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.
2Valorise Services
Largest movements
- Receivables within one year +€70,707
up €70,707 (+43.2%), from €163,802 to €234,509
of which Trade receivables: +€76,154
- Cash -€36,438
down €36,438 (-44.5%), from €81,907 to €45,469
mainly Receivables within one year (-€70,707) and Trade debts (-€28,903)
- Tangible fixed assets -€24,333
down €24,333 (-35.3%), from €68,995 to €44,662
- Tax, wage and social debts +€35,959
up €35,959 (+37.4%), from €96,096 to €132,054
of which Remuneration and social security: +€30,217
- Trade debts -€28,903
down €28,903 (-29.3%), from €98,571 to €69,668
- Staff costs -€83,382
down €83,382 (-12.1%), from €691,352 to €607,969
- Services and other goods +€37,503
up €37,503 (+5.2%), from €716,411 to €753,914
- Other operating income -€32,720
down €32,720 (-2.3%), from €1.4m to €1.4m
- Turnover -€24,423
down €24,423 (-52.9%), from €46,203 to €21,780
- Goods and materials -€11,639
down €11,639 (-34.8%), from €33,419 to €21,780
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 | €329,969 | €338,126 | +€8,157 | +2.5% |
| Fixed assets | 21/28 | €77,321 | €51,411 | -€25,909 | -33.5% |
| Intangible fixed assets | 21 | €1,684 | €108 | -€1,577 | -93.6% |
| Tangible fixed assets | 22/27 | €68,995 | €44,662 | -€24,333 | -35.3% |
| Land and buildings | 22 | €16,559 | €11,419 | -€5,140 | -31.0% |
| Plant, machinery and equipment | 23 | €30,826 | €21,756 | -€9,070 | -29.4% |
| Furniture and vehicles | 24 | €21,610 | €11,487 | -€10,123 | -46.8% |
| Financial fixed assets | 28 | €6,641 | €6,641 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,641 | €6,641 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,641 | €6,641 | = | 0.0% |
| Current assets | 29/58 | €252,649 | €286,715 | +€34,066 | +13.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €163,802 | €234,509 | +€70,707 | +43.2% |
| Trade receivables | 40 | €149,795 | €225,950 | +€76,154 | +50.8% |
| Other amounts receivable | 41 | €14,006 | €8,559 | -€5,447 | -38.9% |
| Cash at bank and in hand | 54/58 | €81,907 | €45,469 | -€36,438 | -44.5% |
| Deferred charges and accrued income | 490/1 | €6,940 | €6,737 | -€203 | -2.9% |
| Total equity and liabilities | 10/49 | €329,969 | €338,126 | +€8,157 | +2.5% |
| Equity | 10/15 | €135,303 | €136,404 | +€1,101 | +0.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,765 | €1,820 | +€55 | +3.1% |
| Non-distributable reserves | 130/1 | €1,765 | €1,820 | +€55 | +3.1% |
| Legal reserve | 130 | €1,765 | €1,820 | +€55 | +3.1% |
| Profit (loss) carried forward | 14 | €33,538 | €34,584 | +€1,046 | +3.1% |
| Amounts payable | 17/49 | €194,667 | €201,722 | +€7,056 | +3.6% |
| Amounts payable within one year | 42/48 | €194,667 | €201,722 | +€7,056 | +3.6% |
| Trade debts | 44 | €98,571 | €69,668 | -€28,903 | -29.3% |
| Suppliers | 440/4 | €98,571 | €69,668 | -€28,903 | -29.3% |
| Taxes, remuneration and social security | 45 | €96,096 | €132,054 | +€35,959 | +37.4% |
| Taxes | 450/3 | €12,489 | €18,231 | +€5,741 | +46.0% |
| Remuneration and social security | 454/9 | €83,606 | €113,824 | +€30,217 | +36.1% |
| Operating income | 70/76A | €1,508,824 | €1,437,682 | -€71,142 | -4.7% |
| Turnover | 70 | €46,203 | €21,780 | -€24,423 | -52.9% |
| Other operating income | 74 | €1,448,622 | €1,415,902 | -€32,720 | -2.3% |
| Non-recurring operating income | 76A | €13,999 | €0 | -€13,999 | -100% |
| Operating charges | 60/66A | €1,484,716 | €1,419,520 | -€65,197 | -4.4% |
| Goods for resale, raw materials and consumables | 60 | €33,419 | €21,780 | -€11,639 | -34.8% |
| Purchases | 600/8 | €33,419 | €21,780 | -€11,639 | -34.8% |
| Services and other goods | 61 | €716,411 | €753,914 | +€37,503 | +5.2% |
| Remuneration, social security and pensions | 62 | €691,352 | €607,969 | -€83,382 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,598 | €34,821 | -€6,777 | -16.3% |
| Other operating charges | 640/8 | €1,937 | €1,036 | -€901 | -46.5% |
| Operating profit (loss) | 9901 | €24,107 | €18,162 | -€5,945 | -24.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €9,822 | €9,828 | +€6 | +0.1% |
| Recurring financial charges | 65 | €9,822 | €9,828 | +€6 | +0.1% |
| Debt charges | 650 | €9,446 | €9,381 | -€65 | -0.7% |
| Other financial charges | 652/9 | €376 | €446 | +€71 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €14,286 | €8,334 | -€5,951 | -41.7% |
| Income taxes | 67/77 | €10,208 | €7,233 | -€2,975 | -29.1% |
| Taxes | 670/3 | €10,208 | €7,233 | -€2,975 | -29.1% |
| Profit (loss) for the period | 9904 | €4,078 | €1,101 | -€2,977 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,078 | €1,101 | -€2,977 | -73.0% |
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.