CHEZ VALI: 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.
CHEZ VALI
Largest movements
- Stocks and contracts -€4,092
down €4,092 (-25.9%), from €15,786 to €11,694
- Receivables within one year -€2,702
down €2,702 (-77.6%), from €3,485 to €782
of which Trade receivables: -€3,146
- Cash -€223
down €223 (-7.7%), from €2,892 to €2,668
mainly Trade debts (-€3,042) and Tax, wage and social debts (-€2,212)
- Trade debts -€3,042
down €3,042 (-80.4%), from €3,782 to €740
of which Bills of exchange payable: -€3,042
- Tax, wage and social debts -€2,212
down €2,212 (-67.6%), from €3,270 to €1,058
- Profit (loss) carried forward -€1,371
down €1,371, from €886 to -€484
- Other debts -€392
down €392 (-6.4%), from €6,164 to €5,771
- Gross operating margin -€15,914
down €15,914, from €15,015 to -€899
- Taxes -€3,178
no longer reported in 2025 (was €3,178)
- Financial charges +€316
up €316 (+398%), from €79 to €395
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 | €22,162 | €15,145 | -€7,017 | -31.7% |
| Current assets | 29/58 | €22,162 | €15,145 | -€7,017 | -31.7% |
| Stocks and contracts in progress | 3 | €15,786 | €11,694 | -€4,092 | -25.9% |
| Contracts in progress | 37 | €15,786 | €11,694 | -€4,092 | -25.9% |
| Amounts receivable within one year | 40/41 | €3,485 | €782 | -€2,702 | -77.6% |
| Trade receivables | 40 | €3,485 | €339 | -€3,146 | -90.3% |
| Other amounts receivable | 41 | - | €443 | +€443 | |
| Cash at bank and in hand | 54/58 | €2,892 | €2,668 | -€223 | -7.7% |
| Total equity and liabilities | 10/49 | €22,162 | €15,145 | -€7,017 | -31.7% |
| Equity | 10/15 | €8,946 | €7,576 | -€1,371 | -15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €886 | -€484 | -€1,371 | |
| Amounts payable | 17/49 | €13,216 | €7,569 | -€5,647 | -42.7% |
| Amounts payable within one year | 42/48 | €13,216 | €7,569 | -€5,647 | -42.7% |
| Trade debts | 44 | €3,782 | €740 | -€3,042 | -80.4% |
| Suppliers | 440/4 | €460 | €460 | = | 0.0% |
| Bills of exchange payable | 441 | €3,322 | €280 | -€3,042 | -91.6% |
| Taxes, remuneration and social security | 45 | €3,270 | €1,058 | -€2,212 | -67.6% |
| Taxes | 450/3 | €3,270 | €1,058 | -€2,212 | -67.6% |
| Other amounts payable | 47/48 | €6,164 | €5,771 | -€392 | -6.4% |
| Other operating charges | 640/8 | €91 | €76 | -€15 | -16.7% |
| Gross operating margin | 9900 | €15,015 | -€899 | -€15,914 | |
| Operating profit (loss) | 9901 | €14,923 | -€975 | -€15,899 | |
| Financial charges | 65/66B | €79 | €395 | +€316 | +398% |
| Recurring financial charges | 65 | €79 | €395 | +€316 | +398% |
| Profit (loss) for the period before taxes | 9903 | €14,844 | -€1,371 | -€16,215 | |
| Income taxes | 67/77 | €3,178 | - | -€3,178 | |
| Profit (loss) for the period | 9904 | €11,666 | -€1,371 | -€13,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,666 | -€1,371 | -€13,037 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.