LES VALLEES: 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.
LES VALLEES
Largest movements
- Tangible fixed assets -€3,985
down €3,985 (-8.3%), from €48,092 to €44,106
of which Land and buildings: -€3,254
- Receivables within one year +€2,663
up €2,663 (+76.8%), from €3,466 to €6,129
of which Other amounts receivable: +€1,892
- Debts after one year -€10,862
down €10,862 (-6.9%), from €156,812 to €145,950
- Profit (loss) carried forward +€8,066
up €8,066 (+5.0%), from -€161,641 to -€153,575
- Advances received +€610
up €610 (+32.6%), from €1,870 to €2,480
- Gross operating margin +€676
up €676 (+5.7%), from €11,820 to €12,497
- Purchases and services -€304
down €304 (-64.8%), from €470 to €165
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 | €60,530 | €59,113 | -€1,417 | -2.3% |
| Fixed assets | 21/28 | €48,532 | €44,547 | -€3,985 | -8.2% |
| Tangible fixed assets | 22/27 | €48,092 | €44,106 | -€3,985 | -8.3% |
| Land and buildings | 22 | €46,648 | €43,394 | -€3,254 | -7.0% |
| Plant, machinery and equipment | 23 | €1,405 | €674 | -€731 | -52.0% |
| Other tangible fixed assets | 26 | €39 | €39 | = | 0.0% |
| Financial fixed assets | 28 | €441 | €441 | = | 0.0% |
| Current assets | 29/58 | €11,998 | €14,566 | +€2,568 | +21.4% |
| Amounts receivable within one year | 40/41 | €3,466 | €6,129 | +€2,663 | +76.8% |
| Trade receivables | 40 | €2,415 | €3,185 | +€771 | +31.9% |
| Other amounts receivable | 41 | €1,051 | €2,943 | +€1,892 | +180.0% |
| Cash at bank and in hand | 54/58 | €8,152 | €7,858 | -€294 | -3.6% |
| Deferred charges and accrued income | 490/1 | €380 | €579 | +€199 | +52.2% |
| Total equity and liabilities | 10/49 | €60,530 | €59,113 | -€1,417 | -2.3% |
| Equity | 10/15 | -€99,641 | -€91,575 | +€8,066 | +8.1% |
| 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% |
| Profit (loss) carried forward | 14 | -€161,641 | -€153,575 | +€8,066 | +5.0% |
| Amounts payable | 17/49 | €160,171 | €150,688 | -€9,483 | -5.9% |
| Amounts payable after more than one year | 17 | €156,812 | €145,950 | -€10,862 | -6.9% |
| Other amounts payable | 178/9 | €156,812 | €145,950 | -€10,862 | -6.9% |
| Amounts payable within one year | 42/48 | €2,999 | €4,018 | +€1,019 | +34.0% |
| Trade debts | 44 | €1,129 | €1,538 | +€409 | +36.2% |
| Suppliers | 440/4 | €1,129 | €1,538 | +€409 | +36.2% |
| Advances received on contracts in progress | 46 | €1,870 | €2,480 | +€610 | +32.6% |
| Accrued charges and deferred income | 492/3 | €360 | €720 | +€360 | +100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €470 | €165 | -€304 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,985 | €3,985 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €11,820 | €12,497 | +€676 | +5.7% |
| Operating profit (loss) | 9901 | €7,448 | €8,111 | +€663 | +8.9% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €7,403 | €8,066 | +€663 | +9.0% |
| Profit (loss) for the period | 9904 | €7,403 | €8,066 | +€663 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,403 | €8,066 | +€663 | +9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.