Firma Valcke: 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.
Firma Valcke
Largest movements
- Stocks and contracts -€42,364
down €42,364 (-46.4%), from €91,288 to €48,923
- Receivables within one year +€9,915
up €9,915 (+117%), from €8,465 to €18,379
of which Other amounts receivable: +€10,117
- Tangible fixed assets -€9,741
down €9,741 (-17.5%), from €55,519 to €45,778
of which Land and buildings: -€9,741
- Cash +€2,125
up €2,125 (+62.4%), from €3,408 to €5,533
- Profit (loss) carried forward -€70,399
down €70,399 (-10.5%), from -€673,120 to -€743,519
- Trade debts +€25,938
up €25,938 (+55.8%), from €46,479 to €72,417
- Other debts +€4,503
up €4,503 (+0.9%), from €479,490 to €483,992
- Depreciation -€3,988
down €3,988 (-87.1%), from €4,576 to €589
- Gross operating margin -€1,665
down €1,665 (-10.2%), from -€16,388 to -€18,053
- Other operating charges -€1,052
down €1,052 (-41.9%), from €2,510 to €1,458
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,679 | €118,721 | -€39,958 | -25.2% |
| Fixed assets | 21/28 | €55,519 | €45,778 | -€9,741 | -17.5% |
| Tangible fixed assets | 22/27 | €55,519 | €45,778 | -€9,741 | -17.5% |
| Land and buildings | 22 | €55,519 | €45,778 | -€9,741 | -17.5% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €103,160 | €72,943 | -€30,217 | -29.3% |
| Stocks and contracts in progress | 3 | €91,288 | €48,923 | -€42,364 | -46.4% |
| Stocks | 30/36 | €91,288 | €48,923 | -€42,364 | -46.4% |
| Amounts receivable within one year | 40/41 | €8,465 | €18,379 | +€9,915 | +117% |
| Trade receivables | 40 | €2,565 | €2,362 | -€203 | -7.9% |
| Other amounts receivable | 41 | €5,899 | €16,017 | +€10,117 | +171% |
| Cash at bank and in hand | 54/58 | €3,408 | €5,533 | +€2,125 | +62.4% |
| Deferred charges and accrued income | 490/1 | - | €108 | +€108 | |
| Total equity and liabilities | 10/49 | €158,679 | €118,721 | -€39,958 | -25.2% |
| Equity | 10/15 | -€367,289 | -€437,688 | -€70,399 | -19.2% |
| Contributions | 10/11 | €130,144 | €130,144 | = | 0.0% |
| Capital | 10 | €130,144 | €130,144 | = | 0.0% |
| Issued capital | 100 | €130,144 | €130,144 | = | 0.0% |
| Reserves | 13 | €175,687 | €175,687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,463 | €1,463 | = | 0.0% |
| Distributable reserves | 133 | €171,126 | €171,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€673,120 | -€743,519 | -€70,399 | -10.5% |
| Amounts payable | 17/49 | €525,969 | €556,409 | +€30,441 | +5.8% |
| Amounts payable within one year | 42/48 | €525,969 | €556,409 | +€30,441 | +5.8% |
| Trade debts | 44 | €46,479 | €72,417 | +€25,938 | +55.8% |
| Suppliers | 440/4 | €46,479 | €72,417 | +€25,938 | +55.8% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €479,490 | €483,992 | +€4,503 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,576 | €589 | -€3,988 | -87.1% |
| Other operating charges | 640/8 | €2,510 | €1,458 | -€1,052 | -41.9% |
| Non-recurring operating charges | 66A | €1,397 | - | -€1,397 | |
| Gross operating margin | 9900 | -€16,388 | -€18,053 | -€1,665 | -10.2% |
| Operating profit (loss) | 9901 | -€24,871 | -€20,100 | +€4,772 | +19.2% |
| Financial income | 75/76B | €8 | €32 | +€23 | +275% |
| Recurring financial income | 75 | €8 | €32 | +€23 | +275% |
| Financial charges | 65/66B | €936 | €1,104 | +€168 | +18.0% |
| Recurring financial charges | 65 | €936 | €1,104 | +€168 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,799 | -€21,172 | +€4,626 | +17.9% |
| Profit (loss) for the period | 9904 | -€25,799 | -€21,172 | +€4,626 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,799 | -€21,172 | +€4,626 | +17.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.