DE VALKENEER: 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.
DE VALKENEER
Largest movements
- Tangible fixed assets +€135,040
up €135,040 (+16.2%), from €834,194 to €969,234
of which Furniture and vehicles: +€138,522
- Receivables after one year -€37,500
down €37,500 (-75.0%), from €50,000 to €12,500
- Intangible fixed assets -€34,692
down €34,692 (-10.5%), from €329,380 to €294,689
- Cash -€27,159
down €27,159 (-61.2%), from €44,345 to €17,186
mainly Investment in fixed assets (net) (-€173,733) and Net result for the year (-€76,042)
- Debts after one year +€82,082
up €82,082 (+125%), from €65,729 to €147,811
of which Financial debts: +€82,082
- Profit (loss) carried forward -€76,042
down €76,042, from €58,861 to -€17,181
- Current portion of long-term debt +€29,278
up €29,278 (+191%), from €15,301 to €44,579
- Gross operating margin +€60,868
up €60,868, from -€5,975 to €54,893
- Taxes +€39,033
new in 2025: €39,033
- Depreciation +€33,173
up €33,173 (+82.5%), from €40,212 to €73,385
- Staff costs +€3,721
no longer reported in 2025 (was -€3,721)
- Financial income -€2,576
no longer reported in 2025 (was €2,576)
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 | €1,265,259 | €1,296,629 | +€31,370 | +2.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,163,574 | €1,263,922 | +€100,348 | +8.6% |
| Intangible fixed assets | 21 | €329,380 | €294,689 | -€34,692 | -10.5% |
| Tangible fixed assets | 22/27 | €834,194 | €969,234 | +€135,040 | +16.2% |
| Land and buildings | 22 | €823,135 | €805,275 | -€17,861 | -2.2% |
| Plant, machinery and equipment | 23 | €3,457 | €17,835 | +€14,378 | +416% |
| Furniture and vehicles | 24 | €7,602 | €146,124 | +€138,522 | +1,822% |
| Current assets | 29/58 | €101,685 | €32,707 | -€68,978 | -67.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €12,500 | -€37,500 | -75.0% |
| Other amounts receivable | 291 | €50,000 | €12,500 | -€37,500 | -75.0% |
| Amounts receivable within one year | 40/41 | €7,340 | €3,021 | -€4,319 | -58.8% |
| Trade receivables | 40 | €7,340 | €3,021 | -€4,319 | -58.8% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €44,345 | €17,186 | -€27,159 | -61.2% |
| Total equity and liabilities | 10/49 | €1,265,259 | €1,296,629 | +€31,370 | +2.5% |
| Equity | 10/15 | €392,777 | €316,735 | -€76,042 | -19.4% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €147,916 | €147,916 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,763 | €7,763 | = | 0.0% |
| Legal reserve | 130 | €7,763 | €7,763 | = | 0.0% |
| Distributable reserves | 133 | €140,152 | €140,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,861 | -€17,181 | -€76,042 | |
| Amounts payable | 17/49 | €872,483 | €979,895 | +€107,412 | +12.3% |
| Amounts payable after more than one year | 17 | €65,729 | €147,811 | +€82,082 | +125% |
| Financial debts | 170/4 | €65,729 | €147,811 | +€82,082 | +125% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €804,044 | €831,905 | +€27,861 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €15,301 | €44,579 | +€29,278 | +191% |
| Trade debts | 44 | €4,785 | €4,882 | +€97 | +2.0% |
| Suppliers | 440/4 | €4,785 | €4,882 | +€97 | +2.0% |
| Taxes, remuneration and social security | 45 | €1,193 | €4,743 | +€3,551 | +298% |
| Taxes | 450/3 | €1,193 | €3,043 | +€1,851 | +155% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €782,766 | €777,701 | -€5,065 | -0.6% |
| Accrued charges and deferred income | 492/3 | €2,710 | €178 | -€2,532 | -93.4% |
| Remuneration, social security and pensions | 62 | -€3,721 | - | +€3,721 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,212 | €73,385 | +€33,173 | +82.5% |
| Other operating charges | 640/8 | €12,708 | €12,181 | -€527 | -4.1% |
| Gross operating margin | 9900 | -€5,975 | €54,893 | +€60,868 | |
| Operating profit (loss) | 9901 | -€55,174 | -€30,673 | +€24,501 | +44.4% |
| Financial income | 75/76B | €2,576 | - | -€2,576 | |
| Recurring financial income | 75 | €2,576 | - | -€2,576 | |
| Financial charges | 65/66B | €7,855 | €6,336 | -€1,519 | -19.3% |
| Recurring financial charges | 65 | €7,855 | €6,336 | -€1,519 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€60,453 | -€37,009 | +€23,444 | +38.8% |
| Income taxes | 67/77 | - | €39,033 | +€39,033 | |
| Profit (loss) for the period | 9904 | -€60,453 | -€76,042 | -€15,589 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,453 | -€76,042 | -€15,589 | -25.8% |
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 22 October 2026 via checked.be.