DE VALK: 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.
DE VALK
Largest movements
- Receivables within one year -€1.3m
down €1.3m (-31.8%), from €4.2m to €2.9m
- Reserves -€1.3m
down €1.3m (-8.1%), from €16.4m to €15.1m
of which Distributable reserves: -€1.3m
- Financial income -€15,300
down €15,300 (-9.6%), from €159,210 to €143,910
- Taxes -€6,287
down €6,287 (-13.2%), from €47,488 to €41,201
- Gross operating margin -€5,078
down €5,078 (-63.2%), from -€8,038 to -€13,116
- Financial charges +€135
up €135 (+100.4%), from €135 to €270
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,976,158 | €17,646,610 | -€1.3m | -7.0% |
| Fixed assets | 21/28 | €14,775,851 | €14,775,851 | = | 0.0% |
| Financial fixed assets | 28 | €14,775,851 | €14,775,851 | = | 0.0% |
| Current assets | 29/58 | €4,200,306 | €2,870,759 | -€1.3m | -31.7% |
| Amounts receivable within one year | 40/41 | €4,198,640 | €2,864,484 | -€1.3m | -31.8% |
| Other amounts receivable | 41 | €4,198,640 | €2,864,484 | -€1.3m | -31.8% |
| Cash at bank and in hand | 54/58 | €1,666 | €6,275 | +€4,608 | +276.5% |
| Total equity and liabilities | 10/49 | €18,976,158 | €17,646,610 | -€1.3m | -7.0% |
| Equity | 10/15 | €18,961,910 | €17,630,562 | -€1.3m | -7.0% |
| Contributions | 10/11 | €2,520,458 | €2,520,458 | = | 0.0% |
| Capital | 10 | €2,520,458 | €2,520,458 | = | 0.0% |
| Issued capital | 100 | €2,520,458 | €2,520,458 | = | 0.0% |
| Reserves | 13 | €16,441,452 | €15,110,104 | -€1.3m | -8.1% |
| Non-distributable reserves | 130/1 | €61,527 | €61,527 | = | 0.0% |
| Legal reserve | 130 | €61,527 | €61,527 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,917 | €3,917 | = | 0.0% |
| Distributable reserves | 133 | €16,376,008 | €15,044,660 | -€1.3m | -8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,248 | €16,048 | +€1,800 | +12.6% |
| Amounts payable within one year | 42/48 | €13,468 | €15,268 | +€1,800 | +13.4% |
| Trade debts | 44 | €980 | €980 | = | 0.0% |
| Suppliers | 440/4 | €980 | €980 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,488 | €8,820 | -€3,668 | -29.4% |
| Taxes | 450/3 | €12,488 | €8,820 | -€3,668 | -29.4% |
| Other amounts payable | 47/48 | - | €5,468 | +€5,468 | |
| Accrued charges and deferred income | 492/3 | €780 | €780 | = | 0.0% |
| Other operating charges | 640/8 | €1,086 | €1,126 | +€40 | +3.7% |
| Gross operating margin | 9900 | -€8,038 | -€13,116 | -€5,078 | -63.2% |
| Operating profit (loss) | 9901 | -€9,125 | -€14,243 | -€5,118 | -56.1% |
| Financial income | 75/76B | €159,210 | €143,910 | -€15,300 | -9.6% |
| Recurring financial income | 75 | €159,210 | €143,910 | -€15,300 | -9.6% |
| Financial charges | 65/66B | €135 | €270 | +€135 | +100.4% |
| Recurring financial charges | 65 | €135 | €270 | +€135 | +100.4% |
| Profit (loss) for the period before taxes | 9903 | €149,951 | €129,397 | -€20,553 | -13.7% |
| Income taxes | 67/77 | €47,488 | €41,201 | -€6,287 | -13.2% |
| Profit (loss) for the period | 9904 | €102,463 | €88,196 | -€14,267 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,463 | €88,196 | -€14,267 | -13.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.