Du Vallon: 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.
Du Vallon
Largest movements
- Current investments -€25,070
down €25,070 (-31.9%), from €78,598 to €53,528
- Tangible fixed assets -€18,577
down €18,577 (-2.0%), from €940,862 to €922,286
of which Land and buildings: -€18,178
- Profit (loss) carried forward -€11,042
down €11,042 (-278.7%), from -€3,962 to -€15,004
- Purchases and services +€14,405
up €14,405 (+21.0%), from €68,579 to €82,984
- Turnover +€12,461
up €12,461 (+14.0%), from €88,785 to €101,246
- Depreciation +€1,989
up €1,989 (+6.4%), from €30,883 to €32,872
- Gross operating margin -€1,837
down €1,837 (-7.1%), from €25,800 to €23,963
- Other operating charges +€1,302
up €1,302 (+9.9%), from €13,158 to €14,460
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 | €1,037,506 | €1,008,419 | -€29,087 | -2.8% |
| Fixed assets | 21/28 | €940,862 | €922,286 | -€18,577 | -2.0% |
| Tangible fixed assets | 22/27 | €940,862 | €922,286 | -€18,577 | -2.0% |
| Land and buildings | 22 | €939,106 | €920,927 | -€18,178 | -1.9% |
| Plant, machinery and equipment | 23 | €1,693 | €1,348 | -€346 | -20.4% |
| Furniture and vehicles | 24 | €63 | €11 | -€53 | -83.1% |
| Current assets | 29/58 | €96,644 | €86,134 | -€10,510 | -10.9% |
| Amounts receivable within one year | 40/41 | - | €6,360 | +€6,360 | |
| Other amounts receivable | 41 | - | €6,360 | +€6,360 | |
| Current investments | 50/53 | €78,598 | €53,528 | -€25,070 | -31.9% |
| Cash at bank and in hand | 54/58 | €18,046 | €26,246 | +€8,200 | +45.4% |
| Total equity and liabilities | 10/49 | €1,037,506 | €1,008,419 | -€29,087 | -2.8% |
| Equity | 10/15 | €959,446 | €939,798 | -€19,648 | -2.0% |
| Contributions | 10/11 | €697,101 | €697,101 | = | 0.0% |
| Capital | 10 | €697,101 | €697,101 | = | 0.0% |
| Issued capital | 100 | €697,101 | €697,101 | = | 0.0% |
| Reserves | 13 | €266,306 | €257,701 | -€8,605 | -3.2% |
| Non-distributable reserves | 130/1 | €152,493 | €152,493 | = | 0.0% |
| Legal reserve | 130 | €10,981 | €10,981 | = | 0.0% |
| Reserves not available under the articles | 1311 | €141,513 | €141,513 | = | 0.0% |
| Tax-exempt reserves | 132 | €113,812 | €105,207 | -€8,605 | -7.6% |
| Profit (loss) carried forward | 14 | -€3,962 | -€15,004 | -€11,042 | -278.7% |
| Provisions and deferred taxes | 16 | €47,807 | €44,193 | -€3,615 | -7.6% |
| Deferred taxes | 168 | €47,807 | €44,193 | -€3,615 | -7.6% |
| Amounts payable | 17/49 | €30,253 | €24,429 | -€5,825 | -19.3% |
| Amounts payable within one year | 42/48 | €23,473 | €18,282 | -€5,191 | -22.1% |
| Trade debts | 44 | €19,545 | €14,354 | -€5,191 | -26.6% |
| Suppliers | 440/4 | €19,545 | €14,354 | -€5,191 | -26.6% |
| Taxes, remuneration and social security | 45 | €178 | €178 | = | 0.0% |
| Taxes | 450/3 | €178 | €178 | = | 0.0% |
| Other amounts payable | 47/48 | €3,750 | €3,750 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,780 | €6,147 | -€633 | -9.3% |
| Turnover | 70 | €88,785 | €101,246 | +€12,461 | +14.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,579 | €82,984 | +€14,405 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,883 | €32,872 | +€1,989 | +6.4% |
| Other operating charges | 640/8 | €13,158 | €14,460 | +€1,302 | +9.9% |
| Gross operating margin | 9900 | €25,800 | €23,963 | -€1,837 | -7.1% |
| Operating profit (loss) | 9901 | -€18,241 | -€23,369 | -€5,128 | -28.1% |
| Financial income | 75/76B | €228 | €472 | +€244 | +107.3% |
| Recurring financial income | 75 | €228 | €472 | +€244 | +107.3% |
| Financial charges | 65/66B | €46 | €45 | -€1 | -2.9% |
| Recurring financial charges | 65 | €46 | €45 | -€1 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,060 | -€22,942 | -€4,883 | -27.0% |
| Transfer from deferred taxes | 780 | €3,615 | €3,615 | = | 0.0% |
| Income taxes | 67/77 | €243 | €320 | +€77 | +31.7% |
| Profit (loss) for the period | 9904 | -€14,688 | -€19,648 | -€4,960 | -33.8% |
| Transfer from tax-exempt reserves | 789 | €8,605 | €8,605 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,083 | -€11,042 | -€4,960 | -81.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.