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
- Current investments -€32,647
down €32,647 (-24.6%), from €132,647 to €100,000
- Receivables within one year +€23,448
up €23,448 (+2042.0%), from €1,148 to €24,597
of which Other amounts receivable: +€21,238
- Cash +€13,563
up €13,563 (+488.7%), from €2,775 to €16,338
mainly Current investments (+€32,647) and Net result for the year (+€5,582)
- Profit (loss) carried forward +€27,664
up €27,664 (+29.7%), from -€93,134 to -€65,470
- Reserves -€22,082
down €22,082 (-88.1%), from €25,057 to €2,975
of which Distributable reserves: -€22,082
- Financial income -€1,470
down €1,470 (-45.0%), from €3,267 to €1,797
- Other operating charges +€965
up €965 (+51.0%), from €1,894 to €2,860
- Gross operating margin -€503
down €503 (-7.0%), from €7,193 to €6,690
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 | €707,902 | €712,607 | +€4,706 | +0.7% |
| Fixed assets | 21/28 | €571,331 | €571,331 | = | 0.0% |
| Tangible fixed assets | 22/27 | €571,331 | €571,331 | = | 0.0% |
| Land and buildings | 22 | €571,331 | €571,331 | = | 0.0% |
| Current assets | 29/58 | €136,571 | €141,276 | +€4,706 | +3.4% |
| Amounts receivable within one year | 40/41 | €1,148 | €24,597 | +€23,448 | +2042.0% |
| Trade receivables | 40 | - | €2,210 | +€2,210 | |
| Other amounts receivable | 41 | €1,148 | €22,387 | +€21,238 | +1849.5% |
| Current investments | 50/53 | €132,647 | €100,000 | -€32,647 | -24.6% |
| Cash at bank and in hand | 54/58 | €2,775 | €16,338 | +€13,563 | +488.7% |
| Deferred charges and accrued income | 490/1 | - | €342 | +€342 | |
| Total equity and liabilities | 10/49 | €707,902 | €712,607 | +€4,706 | +0.7% |
| Equity | 10/15 | €206,922 | €212,505 | +€5,582 | +2.7% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €275,000 | €275,000 | = | 0.0% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €25,057 | €2,975 | -€22,082 | -88.1% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Legal reserve | 130 | €2,975 | €2,975 | = | 0.0% |
| Distributable reserves | 133 | €22,082 | €0 | -€22,082 | -100.0% |
| Profit (loss) carried forward | 14 | -€93,134 | -€65,470 | +€27,664 | +29.7% |
| Amounts payable | 17/49 | €500,979 | €500,103 | -€877 | -0.2% |
| Amounts payable within one year | 42/48 | €500,979 | €500,000 | -€979 | -0.2% |
| Trade debts | 44 | €366 | €0 | -€366 | -100.0% |
| Suppliers | 440/4 | €366 | €0 | -€366 | -100.0% |
| Other amounts payable | 47/48 | €500,614 | €500,000 | -€614 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €103 | +€103 | |
| Non-recurring operating income | 76A | - | €1,459 | +€1,459 | |
| Other operating charges | 640/8 | €1,894 | €2,860 | +€965 | +51.0% |
| Gross operating margin | 9900 | €7,193 | €6,690 | -€503 | -7.0% |
| Operating profit (loss) | 9901 | €5,299 | €3,830 | -€1,469 | -27.7% |
| Financial income | 75/76B | €3,267 | €1,797 | -€1,470 | -45.0% |
| Recurring financial income | 75 | €3,267 | €1,797 | -€1,470 | -45.0% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +2.9% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €8,522 | €5,582 | -€2,940 | -34.5% |
| Profit (loss) for the period | 9904 | €8,522 | €5,582 | -€2,940 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,522 | €5,582 | -€2,940 | -34.5% |
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 3 October 2026 via checked.be.