MAISON VALENÇON: 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.
MAISON VALENÇON
Largest movements
- Receivables within one year +€551,076
up €551,076 (+243%), from €226,897 to €777,973
of which Other amounts receivable: +€395,974
- Tangible fixed assets +€106,671
up €106,671 (+149%), from €71,403 to €178,074
of which Other tangible fixed assets: +€65,702
- Cash +€87,923
up €87,923 (+40.2%), from €218,563 to €306,486
mainly Trade debts (+€571,133) and Contributions, distributions and other (+€186,763)
- Stocks and contracts +€65,717
up €65,717 (+111%), from €59,178 to €124,894
- Formation expenses +€36,637
new in 2025: €36,637
- Trade debts +€571,133
up €571,133 (+328%), from €174,268 to €745,401
- Reserves +€147,000
new in 2025: €147,000
of which Tax-exempt reserves: +€97,929
- Short-term financial debts +€100,000
new in 2025: €100,000
- Provisions +€26,633
new in 2025: €26,633
- Contributions +€25,724
up €25,724 (+103%), from €25,000 to €50,724
- Gross operating margin +€200,873
up €200,873 (+32.3%), from €622,595 to €823,468
- Staff costs +€197,978
up €197,978 (+37.4%), from €529,083 to €727,061
- Depreciation +€29,624
up €29,624 (+72.0%), from €41,151 to €70,775
- Other operating charges +€11,752
up €11,752 (+293%), from €4,017 to €15,770
- Financial charges +€11,431
up €11,431 (+104%), from €10,995 to €22,426
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 | €701,685 | €1,575,451 | +€873,765 | +125% |
| Formation expenses | 20 | - | €36,637 | +€36,637 | |
| Fixed assets | 21/28 | €194,367 | €317,322 | +€122,955 | +63.3% |
| Intangible fixed assets | 21 | €122,964 | €139,248 | +€16,284 | +13.2% |
| Tangible fixed assets | 22/27 | €71,403 | €178,074 | +€106,671 | +149% |
| Plant, machinery and equipment | 23 | €24,200 | €47,550 | +€23,350 | +96.5% |
| Furniture and vehicles | 24 | €26,066 | €48,696 | +€22,630 | +86.8% |
| Leasing and similar rights | 25 | €11,136 | €6,126 | -€5,010 | -45.0% |
| Other tangible fixed assets | 26 | - | €65,702 | +€65,702 | |
| Assets under construction and advance payments | 27 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €507,319 | €1,221,492 | +€714,173 | +141% |
| Stocks and contracts in progress | 3 | €59,178 | €124,894 | +€65,717 | +111% |
| Stocks | 30/36 | €59,178 | €124,894 | +€65,717 | +111% |
| Amounts receivable within one year | 40/41 | €226,897 | €777,973 | +€551,076 | +243% |
| Trade receivables | 40 | €207,041 | €362,142 | +€155,101 | +74.9% |
| Other amounts receivable | 41 | €19,856 | €415,830 | +€395,974 | +1,994% |
| Cash at bank and in hand | 54/58 | €218,563 | €306,486 | +€87,923 | +40.2% |
| Deferred charges and accrued income | 490/1 | €2,681 | €12,139 | +€9,458 | +353% |
| Total equity and liabilities | 10/49 | €701,685 | €1,575,451 | +€873,765 | +125% |
| Equity | 10/15 | €243,929 | €425,128 | +€181,199 | +74.3% |
| Contributions | 10/11 | €25,000 | €50,724 | +€25,724 | +103% |
| Reserves | 13 | - | €147,000 | +€147,000 | |
| Non-distributable reserves | 130/1 | - | €2,572 | +€2,572 | |
| Reserves not available under the articles | 1311 | - | €2,572 | +€2,572 | |
| Tax-exempt reserves | 132 | - | €97,929 | +€97,929 | |
| Distributable reserves | 133 | - | €46,498 | +€46,498 | |
| Profit (loss) carried forward | 14 | €218,929 | €227,405 | +€8,476 | +3.9% |
| Provisions and deferred taxes | 16 | - | €26,633 | +€26,633 | |
| Deferred taxes | 168 | - | €26,633 | +€26,633 | |
| Amounts payable | 17/49 | €457,756 | €1,123,690 | +€665,933 | +145% |
| Amounts payable after more than one year | 17 | €139,594 | €116,984 | -€22,610 | -16.2% |
| Financial debts | 170/4 | €139,594 | €116,984 | -€22,610 | -16.2% |
| Amounts payable within one year | 42/48 | €318,162 | €1,006,706 | +€688,543 | +216% |
| Current portion of amounts payable after more than one year | 42 | €36,533 | €37,536 | +€1,004 | +2.7% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €174,268 | €745,401 | +€571,133 | +328% |
| Suppliers | 440/4 | €174,268 | €745,401 | +€571,133 | +328% |
| Taxes, remuneration and social security | 45 | €84,862 | €101,269 | +€16,407 | +19.3% |
| Taxes | 450/3 | €11,919 | €13,526 | +€1,608 | +13.5% |
| Remuneration and social security | 454/9 | €72,943 | €87,742 | +€14,799 | +20.3% |
| Other amounts payable | 47/48 | €22,500 | €22,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €529,083 | €727,061 | +€197,978 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,151 | €70,775 | +€29,624 | +72.0% |
| Other operating charges | 640/8 | €4,017 | €15,770 | +€11,752 | +293% |
| Gross operating margin | 9900 | €622,595 | €823,468 | +€200,873 | +32.3% |
| Operating profit (loss) | 9901 | €48,344 | €9,862 | -€38,482 | -79.6% |
| Financial income | 75/76B | €348 | €7,737 | +€7,389 | +2,123% |
| Recurring financial income | 75 | €348 | €7,737 | +€7,389 | +2,123% |
| Financial charges | 65/66B | €10,995 | €22,426 | +€11,431 | +104% |
| Recurring financial charges | 65 | €10,995 | €22,426 | +€11,431 | +104% |
| Profit (loss) for the period before taxes | 9903 | €37,697 | -€4,827 | -€42,523 | |
| Transfer from deferred taxes | 780 | - | €3,818 | +€3,818 | |
| Income taxes | 67/77 | €2,109 | €4,555 | +€2,445 | +116% |
| Profit (loss) for the period | 9904 | €35,587 | -€5,564 | -€41,151 | |
| Transfer from tax-exempt reserves | 789 | - | €14,039 | +€14,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,587 | €8,476 | -€27,112 | -76.2% |
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 21 October 2026 via checked.be.