LA VALLEE: 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.
LA VALLEE
Largest movements
- Tangible fixed assets -€12,494
down €12,494 (-7.3%), from €171,990 to €159,496
- Debts after one year -€10,584
down €10,584 (-15.0%), from €70,630 to €60,046
of which Financial debts: -€10,584
- Other debts -€2,153
no longer reported in 2025 (was €2,153)
- Gross operating margin -€172
down €172 (-1.2%), from €13,926 to €13,754
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 | €172,391 | €160,058 | -€12,333 | -7.2% |
| Fixed assets | 21/28 | €171,990 | €159,496 | -€12,494 | -7.3% |
| Tangible fixed assets | 22/27 | €171,990 | €159,496 | -€12,494 | -7.3% |
| Land and buildings | 22 | €171,990 | €159,496 | -€12,494 | -7.3% |
| Current assets | 29/58 | €401 | €562 | +€161 | +40.1% |
| Amounts receivable within one year | 40/41 | - | €476 | +€476 | |
| Other amounts receivable | 41 | - | €476 | +€476 | |
| Cash at bank and in hand | 54/58 | €401 | €86 | -€315 | -78.6% |
| Total equity and liabilities | 10/49 | €172,391 | €160,058 | -€12,333 | -7.2% |
| Equity | 10/15 | €88,557 | €88,254 | -€303 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €35,879 | €35,879 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,661 | €5,661 | = | 0.0% |
| Legal reserve | 130 | €5,661 | €5,661 | = | 0.0% |
| Distributable reserves | 133 | €30,218 | €30,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,322 | -€9,625 | -€303 | -3.3% |
| Amounts payable | 17/49 | €83,834 | €71,804 | -€12,030 | -14.3% |
| Amounts payable after more than one year | 17 | €70,630 | €60,046 | -€10,584 | -15.0% |
| Financial debts | 170/4 | €18,630 | €8,046 | -€10,584 | -56.8% |
| Other amounts payable | 178/9 | €52,000 | €52,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,575 | €10,584 | -€1,991 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €10,422 | €10,584 | +€162 | +1.6% |
| Other amounts payable | 47/48 | €2,153 | - | -€2,153 | |
| Accrued charges and deferred income | 492/3 | €629 | €1,174 | +€545 | +86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,494 | €12,494 | = | 0.0% |
| Other operating charges | 640/8 | €906 | €935 | +€29 | +3.2% |
| Gross operating margin | 9900 | €13,926 | €13,754 | -€172 | -1.2% |
| Operating profit (loss) | 9901 | €526 | €325 | -€201 | -38.2% |
| Financial charges | 65/66B | €749 | €628 | -€121 | -16.2% |
| Recurring financial charges | 65 | €749 | €628 | -€121 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€223 | -€303 | -€80 | -35.9% |
| Profit (loss) for the period | 9904 | -€223 | -€303 | -€80 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€223 | -€303 | -€80 | -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 10 October 2026 via checked.be.