6 VALKEN: 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.
6 VALKEN
Largest movements
- Tangible fixed assets +€806,362
up €806,362 (+73.8%), from €1.1m to €1.9m
of which Land and buildings: +€773,205
- Cash +€109,145
up €109,145 (+1,544%), from €7,070 to €116,215
mainly Debts after one year (+€554,550) and Other debts (+€250,000)
- Debts after one year +€554,550
up €554,550 (+188%), from €294,617 to €849,166
- Other debts +€250,000
up €250,000 (+104%), from €240,966 to €490,966
- Accrued charges and deferred income +€60,000
new in 2025: €60,000
- Profit (loss) carried forward +€24,319
up €24,319 (+20.4%), from €119,066 to €143,385
- Gross operating margin +€36,843
up €36,843 (+34.3%), from €107,453 to €144,296
- Financial charges +€14,962
up €14,962 (+86.2%), from €17,361 to €32,323
- Depreciation +€7,476
up €7,476 (+13.2%), from €56,616 to €64,093
- Financial income -€4,347
no longer reported in 2025 (was €4,347)
of which Financial income: -€4,347
- Taxes +€2,404
up €2,404 (+41.9%), from €5,744 to €8,148
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 | €1,132,282 | €2,052,689 | +€920,407 | +81.3% |
| Fixed assets | 21/28 | €1,091,983 | €1,898,345 | +€806,362 | +73.8% |
| Tangible fixed assets | 22/27 | €1,091,983 | €1,898,345 | +€806,362 | +73.8% |
| Land and buildings | 22 | €929,533 | €1,702,738 | +€773,205 | +83.2% |
| Plant, machinery and equipment | 23 | €162,449 | €195,607 | +€33,157 | +20.4% |
| Current assets | 29/58 | €40,299 | €154,344 | +€114,045 | +283% |
| Amounts receivable within one year | 40/41 | €32,664 | €36,286 | +€3,621 | +11.1% |
| Other amounts receivable | 41 | €32,664 | €36,286 | +€3,621 | +11.1% |
| Cash at bank and in hand | 54/58 | €7,070 | €116,215 | +€109,145 | +1,544% |
| Deferred charges and accrued income | 490/1 | €565 | €1,843 | +€1,278 | +226% |
| Total equity and liabilities | 10/49 | €1,132,282 | €2,052,689 | +€920,407 | +81.3% |
| Equity | 10/15 | €552,066 | €576,385 | +€24,319 | +4.4% |
| Contributions | 10/11 | €430,000 | €430,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,066 | €143,385 | +€24,319 | +20.4% |
| Amounts payable | 17/49 | €580,215 | €1,476,303 | +€896,088 | +154% |
| Amounts payable after more than one year | 17 | €294,617 | €849,166 | +€554,550 | +188% |
| Financial debts | 170/4 | €294,617 | €849,166 | +€554,550 | +188% |
| Amounts payable within one year | 42/48 | €285,599 | €567,137 | +€281,538 | +98.6% |
| Current portion of amounts payable after more than one year | 42 | €40,657 | €58,115 | +€17,458 | +42.9% |
| Trade debts | 44 | €3,976 | €18,057 | +€14,080 | +354% |
| Suppliers | 440/4 | €3,976 | €18,057 | +€14,080 | +354% |
| Other amounts payable | 47/48 | €240,966 | €490,966 | +€250,000 | +104% |
| Accrued charges and deferred income | 492/3 | - | €60,000 | +€60,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,616 | €64,093 | +€7,476 | +13.2% |
| Other operating charges | 640/8 | €13,521 | €15,413 | +€1,892 | +14.0% |
| Gross operating margin | 9900 | €107,453 | €144,296 | +€36,843 | +34.3% |
| Operating profit (loss) | 9901 | €37,315 | €64,790 | +€27,475 | +73.6% |
| Financial income | 75/76B | €4,347 | - | -€4,347 | |
| Recurring financial income | 75 | €4,347 | - | -€4,347 | |
| Non-recurring financial income | 76B | €4,347 | - | -€4,347 | |
| Financial charges | 65/66B | €17,361 | €32,323 | +€14,962 | +86.2% |
| Recurring financial charges | 65 | €17,361 | €32,323 | +€14,962 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €24,301 | €32,467 | +€8,166 | +33.6% |
| Income taxes | 67/77 | €5,744 | €8,148 | +€2,404 | +41.9% |
| Profit (loss) for the period | 9904 | €18,557 | €24,319 | +€5,762 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,557 | €24,319 | +€5,762 | +31.1% |
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 14 October 2026 via checked.be.