B-Valens: what changed
Two fiscal 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.
B-Valens
Largest movements
- Tangible fixed assets -€7,667
down €7,667 (-36.8%), from €20,833 to €13,167
- Cash +€7,055
up €7,055 (+58.3%), from €12,100 to €19,156
mainly Depreciation (+€7,667) and Receivables within one year (+€5,619)
- Receivables within one year -€5,619
down €5,619 (-72.7%), from €7,725 to €2,106
of which Trade receivables: -€7,454
- Deferred charges and accrued income +€501
up €501 (+7.3%), from €6,874 to €7,375
- Other debts -€4,160
down €4,160 (-100.0%), from €4,160 to €0
- Profit (loss) carried forward +€3,863
up €3,863 (+17.5%), from €22,132 to €25,995
- Debts after one year -€3,317
down €3,317 (-25.1%), from €13,214 to €9,896
- Tax, wage and social debts -€2,246
down €2,246 (-100.0%), from €2,246 to €0
- Gross operating margin -€17,338
down €17,338 (-53.4%), from €32,444 to €15,105
- Depreciation +€4,335
up €4,335 (+130.1%), from €3,332 to €7,667
- Taxes -€3,762
down €3,762 (-59.4%), from €6,332 to €2,570
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.
Cash bridge derived
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 | €47,532 | €41,804 | -€5,729 | -12.1% |
| Fixed assets | 21/28 | €20,833 | €13,167 | -€7,667 | -36.8% |
| Tangible fixed assets | 22/27 | €20,833 | €13,167 | -€7,667 | -36.8% |
| Furniture and vehicles | 24 | €20,833 | €13,167 | -€7,667 | -36.8% |
| Current assets | 29/58 | €26,699 | €28,637 | +€1,938 | +7.3% |
| Amounts receivable within one year | 40/41 | €7,725 | €2,106 | -€5,619 | -72.7% |
| Trade receivables | 40 | €7,725 | €271 | -€7,454 | -96.5% |
| Other amounts receivable | 41 | - | €1,836 | +€1,836 | |
| Cash at bank and in hand | 54/58 | €12,100 | €19,156 | +€7,055 | +58.3% |
| Deferred charges and accrued income | 490/1 | €6,874 | €7,375 | +€501 | +7.3% |
| Total equity and liabilities | 10/49 | €47,532 | €41,804 | -€5,729 | -12.1% |
| Equity | 10/15 | €24,632 | €28,495 | +€3,863 | +15.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,132 | €25,995 | +€3,863 | +17.5% |
| Amounts payable | 17/49 | €22,901 | €13,309 | -€9,592 | -41.9% |
| Amounts payable after more than one year | 17 | €13,214 | €9,896 | -€3,317 | -25.1% |
| Financial debts | 170/4 | €13,214 | €9,896 | -€3,317 | -25.1% |
| Amounts payable within one year | 42/48 | €9,687 | €3,412 | -€6,275 | -64.8% |
| Current portion of amounts payable after more than one year | 42 | €3,177 | €3,317 | +€140 | +4.4% |
| Trade debts | 44 | €104 | €95 | -€9 | -8.4% |
| Suppliers | 440/4 | €104 | €95 | -€9 | -8.4% |
| Taxes, remuneration and social security | 45 | €2,246 | €0 | -€2,246 | -100.0% |
| Taxes | 450/3 | €2,246 | €0 | -€2,246 | -100.0% |
| Other amounts payable | 47/48 | €4,160 | €0 | -€4,160 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,332 | €7,667 | +€4,335 | +130.1% |
| Other operating charges | 640/8 | €98 | €257 | +€159 | +162.7% |
| Gross operating margin | 9900 | €32,444 | €15,105 | -€17,338 | -53.4% |
| Operating profit (loss) | 9901 | €29,014 | €7,181 | -€21,832 | -75.2% |
| Financial income | 75/76B | - | €88 | +€88 | |
| Recurring financial income | 75 | - | €88 | +€88 | |
| Financial charges | 65/66B | €551 | €836 | +€285 | +51.8% |
| Recurring financial charges | 65 | €551 | €836 | +€285 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €28,463 | €6,433 | -€22,030 | -77.4% |
| Income taxes | 67/77 | €6,332 | €2,570 | -€3,762 | -59.4% |
| Profit (loss) for the period | 9904 | €22,132 | €3,863 | -€18,268 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,132 | €3,863 | -€18,268 | -82.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.