DE VALKENEER O.: 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 O.
Largest movements
- Current investments +€292,045
up €292,045 (+28.9%), from €1.0m to €1.3m
- Cash -€188,367
down €188,367 (-84.9%), from €221,799 to €33,433
mainly Current investments (-€292,045)
- Reserves +€81,195
up €81,195 (+9.3%), from €873,914 to €955,110
- Gross operating margin -€139,009
down €139,009 (-73.6%), from €188,935 to €49,926
- Financial income +€74,164
up €74,164 (+759%), from €9,776 to €83,940
- Taxes -€20,878
down €20,878 (-33.9%), from €61,621 to €40,742
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 | €1,265,853 | €1,358,733 | +€92,880 | +7.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €20,428 | €13,691 | -€6,737 | -33.0% |
| Tangible fixed assets | 22/27 | €20,428 | €13,691 | -€6,737 | -33.0% |
| Land and buildings | 22 | €9,959 | €8,821 | -€1,138 | -11.4% |
| Plant, machinery and equipment | 23 | €2,538 | €2,011 | -€528 | -20.8% |
| Furniture and vehicles | 24 | €7,930 | €2,859 | -€5,071 | -64.0% |
| Current assets | 29/58 | €1,245,425 | €1,345,042 | +€99,617 | +8.0% |
| Current investments | 50/53 | €1,011,488 | €1,303,533 | +€292,045 | +28.9% |
| Cash at bank and in hand | 54/58 | €221,799 | €33,433 | -€188,367 | -84.9% |
| Deferred charges and accrued income | 490/1 | €12,138 | €8,076 | -€4,062 | -33.5% |
| Total equity and liabilities | 10/49 | €1,265,853 | €1,358,733 | +€92,880 | +7.3% |
| Equity | 10/15 | €1,245,506 | €1,326,702 | +€81,195 | +6.5% |
| Contributions | 10/11 | €371,592 | €371,592 | = | 0.0% |
| Reserves | 13 | €873,914 | €955,110 | +€81,195 | +9.3% |
| Distributable reserves | 133 | €873,914 | €955,110 | +€81,195 | +9.3% |
| Amounts payable | 17/49 | €20,347 | €32,031 | +€11,684 | +57.4% |
| Amounts payable within one year | 42/48 | €20,347 | €32,031 | +€11,684 | +57.4% |
| Trade debts | 44 | €1,014 | €1,456 | +€443 | +43.7% |
| Suppliers | 440/4 | €1,014 | €1,456 | +€443 | +43.7% |
| Taxes, remuneration and social security | 45 | €9,192 | €19,680 | +€10,488 | +114% |
| Taxes | 450/3 | €9,192 | €19,680 | +€10,488 | +114% |
| Other amounts payable | 47/48 | €10,142 | €10,895 | +€753 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,035 | €6,737 | -€298 | -4.2% |
| Other operating charges | 640/8 | €869 | €1,309 | +€440 | +50.6% |
| Gross operating margin | 9900 | €188,935 | €49,926 | -€139,009 | -73.6% |
| Operating profit (loss) | 9901 | €181,031 | €41,880 | -€139,151 | -76.9% |
| Financial income | 75/76B | €9,776 | €83,940 | +€74,164 | +759% |
| Recurring financial income | 75 | €9,776 | €83,940 | +€74,164 | +759% |
| Financial charges | 65/66B | €2,425 | €3,882 | +€1,458 | +60.1% |
| Recurring financial charges | 65 | €2,425 | €3,882 | +€1,458 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €188,383 | €121,938 | -€66,445 | -35.3% |
| Income taxes | 67/77 | €61,621 | €40,742 | -€20,878 | -33.9% |
| Profit (loss) for the period | 9904 | €126,762 | €81,195 | -€45,566 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €126,762 | €81,195 | -€45,566 | -35.9% |
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 23 October 2026 via checked.be.