Electro-techniek VALON: 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.
Electro-techniek VALON
Largest movements
- Receivables within one year +€46,009
up €46,009 (+61.3%), from €75,060 to €121,069
of which Trade receivables: +€40,009
- Tangible fixed assets -€12,906
down €12,906 (-24.4%), from €52,875 to €39,969
of which Furniture and vehicles: -€12,641
- Cash -€4,987
down €4,987 (-34.4%), from €14,517 to €9,530
mainly Receivables within one year (-€46,009) and Other debts (-€29,176)
- Profit (loss) carried forward +€32,224
up €32,224 (+706%), from €4,562 to €36,786
- Other debts -€29,176
down €29,176 (-51.3%), from €56,848 to €27,672
- Trade debts +€28,374
up €28,374 (+447%), from €6,344 to €34,718
- Debts after one year -€6,611
down €6,611 (-32.7%), from €20,198 to €13,587
- Tax, wage and social debts +€2,883
up €2,883 (+159%), from €1,814 to €4,697
- Gross operating margin +€26,332
up €26,332 (+101%), from €26,054 to €52,386
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 | €149,489 | €177,490 | +€28,001 | +18.7% |
| Fixed assets | 21/28 | €53,504 | €40,598 | -€12,906 | -24.1% |
| Tangible fixed assets | 22/27 | €52,875 | €39,969 | -€12,906 | -24.4% |
| Plant, machinery and equipment | 23 | €795 | €530 | -€265 | -33.3% |
| Furniture and vehicles | 24 | €52,080 | €39,439 | -€12,641 | -24.3% |
| Financial fixed assets | 28 | €629 | €629 | = | 0.0% |
| Current assets | 29/58 | €95,985 | €136,892 | +€40,907 | +42.6% |
| Stocks and contracts in progress | 3 | €4,160 | €3,892 | -€268 | -6.4% |
| Stocks | 30/36 | €4,160 | €3,892 | -€268 | -6.4% |
| Amounts receivable within one year | 40/41 | €75,060 | €121,069 | +€46,009 | +61.3% |
| Trade receivables | 40 | €75,060 | €115,069 | +€40,009 | +53.3% |
| Other amounts receivable | 41 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €14,517 | €9,530 | -€4,987 | -34.4% |
| Deferred charges and accrued income | 490/1 | €2,248 | €2,401 | +€153 | +6.8% |
| Total equity and liabilities | 10/49 | €149,489 | €177,490 | +€28,001 | +18.7% |
| Equity | 10/15 | €57,981 | €90,205 | +€32,224 | +55.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €34,869 | €34,869 | = | 0.0% |
| Distributable reserves | 133 | €34,869 | €34,869 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,562 | €36,786 | +€32,224 | +706% |
| Amounts payable | 17/49 | €91,508 | €87,285 | -€4,223 | -4.6% |
| Amounts payable after more than one year | 17 | €20,198 | €13,587 | -€6,611 | -32.7% |
| Financial debts | 170/4 | €20,198 | €13,587 | -€6,611 | -32.7% |
| Amounts payable within one year | 42/48 | €71,310 | €73,698 | +€2,388 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €6,304 | €6,611 | +€307 | +4.9% |
| Trade debts | 44 | €6,344 | €34,718 | +€28,374 | +447% |
| Suppliers | 440/4 | €6,344 | €34,718 | +€28,374 | +447% |
| Taxes, remuneration and social security | 45 | €1,814 | €4,697 | +€2,883 | +159% |
| Taxes | 450/3 | €1,814 | €4,697 | +€2,883 | +159% |
| Other amounts payable | 47/48 | €56,848 | €27,672 | -€29,176 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,336 | €15,968 | -€368 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,542 | €1,680 | +€138 | +8.9% |
| Other operating charges | 640/8 | €721 | €767 | +€46 | +6.4% |
| Gross operating margin | 9900 | €26,054 | €52,386 | +€26,332 | +101% |
| Operating profit (loss) | 9901 | €7,455 | €33,971 | +€26,516 | +356% |
| Financial income | 75/76B | €83 | €185 | +€102 | +123% |
| Recurring financial income | 75 | €83 | €185 | +€102 | +123% |
| Financial charges | 65/66B | €2,052 | €1,932 | -€120 | -5.8% |
| Recurring financial charges | 65 | €2,052 | €1,932 | -€120 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €5,486 | €32,224 | +€26,738 | +487% |
| Profit (loss) for the period | 9904 | €5,486 | €32,224 | +€26,738 | +487% |
| Profit (loss) for the period to be appropriated | 9905 | €5,486 | €32,224 | +€26,738 | +487% |
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 20 October 2026 via checked.be.