Dr. VALK Jody: 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.
Dr. VALK Jody
Largest movements
- Cash -€34,751
down €34,751 (-8.4%), from €412,375 to €377,624
mainly Contributions, distributions and other (-€135,627) and Receivables within one year (-€20,622)
- Receivables within one year +€20,622
new in 2025: €20,622
- Deferred charges and accrued income +€6,029
up €6,029 (+19.2%), from €31,388 to €37,417
- Reserves -€19,513
down €19,513 (-4.0%), from €485,656 to €466,144
- Other debts +€7,565
up €7,565 (+373%), from €2,029 to €9,594
- Gross operating margin -€6,237
down €6,237 (-3.5%), from €178,576 to €172,339
- Depreciation -€2,740
down €2,740 (-33.6%), from €8,161 to €5,421
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 | €508,947 | €496,625 | -€12,322 | -2.4% |
| Fixed assets | 21/28 | €65,185 | €60,962 | -€4,222 | -6.5% |
| Tangible fixed assets | 22/27 | €5,185 | €962 | -€4,222 | -81.4% |
| Furniture and vehicles | 24 | €5,185 | €962 | -€4,222 | -81.4% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €443,763 | €435,663 | -€8,100 | -1.8% |
| Amounts receivable within one year | 40/41 | - | €20,622 | +€20,622 | |
| Other amounts receivable | 41 | - | €20,622 | +€20,622 | |
| Cash at bank and in hand | 54/58 | €412,375 | €377,624 | -€34,751 | -8.4% |
| Deferred charges and accrued income | 490/1 | €31,388 | €37,417 | +€6,029 | +19.2% |
| Total equity and liabilities | 10/49 | €508,947 | €496,625 | -€12,322 | -2.4% |
| Equity | 10/15 | €504,256 | €484,744 | -€19,513 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €485,656 | €466,144 | -€19,513 | -4.0% |
| Distributable reserves | 133 | €485,656 | €466,144 | -€19,513 | -4.0% |
| Amounts payable | 17/49 | €4,691 | €11,882 | +€7,190 | +153% |
| Amounts payable within one year | 42/48 | €4,691 | €11,882 | +€7,190 | +153% |
| Trade debts | 44 | €2,285 | €2,287 | +€3 | +0.1% |
| Suppliers | 440/4 | €2,285 | €2,287 | +€3 | +0.1% |
| Taxes, remuneration and social security | 45 | €377 | - | -€377 | |
| Taxes | 450/3 | €377 | - | -€377 | |
| Other amounts payable | 47/48 | €2,029 | €9,594 | +€7,565 | +373% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,161 | €5,421 | -€2,740 | -33.6% |
| Other operating charges | 640/8 | €1,176 | €1,546 | +€370 | +31.4% |
| Non-recurring operating charges | 66A | €484 | - | -€484 | |
| Gross operating margin | 9900 | €178,576 | €172,339 | -€6,237 | -3.5% |
| Operating profit (loss) | 9901 | €168,755 | €165,372 | -€3,383 | -2.0% |
| Financial income | 75/76B | €1,533 | €2,277 | +€744 | +48.5% |
| Recurring financial income | 75 | €1,533 | €2,277 | +€744 | +48.5% |
| Financial charges | 65/66B | €1,510 | €1,474 | -€37 | -2.4% |
| Recurring financial charges | 65 | €1,510 | €1,474 | -€37 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €168,778 | €166,175 | -€2,603 | -1.5% |
| Income taxes | 67/77 | €50,837 | €50,061 | -€776 | -1.5% |
| Profit (loss) for the period | 9904 | €117,941 | €116,114 | -€1,827 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €117,941 | €116,114 | -€1,827 | -1.5% |
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 28 October 2026 via checked.be.