NEW VALVIER: 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.
NEW VALVIER
Largest movements
- Tangible fixed assets +€23,219
up €23,219 (+35.1%), from €66,110 to €89,329
of which Furniture and vehicles: +€30,653
- Receivables within one year +€16,976
up €16,976 (+276%), from €6,142 to €23,118
of which Trade receivables: +€16,589
- Cash +€6,123
up €6,123 (+361%), from €1,695 to €7,818
mainly Other debts (+€33,360) and Depreciation (+€15,045)
- Other debts +€33,360
up €33,360 (+77.6%), from €42,975 to €76,335
- Tax, wage and social debts +€14,895
up €14,895 (+18.2%), from €81,704 to €96,599
of which Remuneration and social security: +€12,000
- Profit (loss) carried forward -€3,073
down €3,073 (-2.3%), from -€134,287 to -€137,360
- Trade debts +€2,676
up €2,676 (+166%), from €1,609 to €4,285
- Accrued charges and deferred income -€1,248
down €1,248 (-98.6%), from €1,267 to €18
- Turnover +€55,768
new in 2025: €55,768
- Purchases and services +€48,764
new in 2025: €48,764
- Gross operating margin +€31,932
up €31,932, from -€16,126 to €15,806
- Depreciation +€6,839
up €6,839 (+83.3%), from €8,206 to €15,045
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 | €76,018 | €122,627 | +€46,610 | +61.3% |
| Fixed assets | 21/28 | €66,209 | €89,428 | +€23,219 | +35.1% |
| Tangible fixed assets | 22/27 | €66,110 | €89,329 | +€23,219 | +35.1% |
| Land and buildings | 22 | €47,414 | €43,249 | -€4,165 | -8.8% |
| Plant, machinery and equipment | 23 | €1,683 | €466 | -€1,217 | -72.3% |
| Furniture and vehicles | 24 | €596 | €31,249 | +€30,653 | +5,145% |
| Assets under construction and advance payments | 27 | €16,417 | €14,365 | -€2,052 | -12.5% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €9,809 | €33,199 | +€23,390 | +238% |
| Amounts receivable within one year | 40/41 | €6,142 | €23,118 | +€16,976 | +276% |
| Trade receivables | 40 | €6,142 | €22,731 | +€16,589 | +270% |
| Other amounts receivable | 41 | €0 | €387 | +€387 | |
| Cash at bank and in hand | 54/58 | €1,695 | €7,818 | +€6,123 | +361% |
| Deferred charges and accrued income | 490/1 | €1,972 | €2,263 | +€291 | +14.8% |
| Total equity and liabilities | 10/49 | €76,018 | €122,627 | +€46,610 | +61.3% |
| Equity | 10/15 | -€51,538 | -€54,611 | -€3,073 | -6.0% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €50,523 | €50,523 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,323 | €1,323 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,323 | €1,323 | = | 0.0% |
| Distributable reserves | 133 | €49,200 | €49,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,287 | -€137,360 | -€3,073 | -2.3% |
| Amounts payable | 17/49 | €127,555 | €177,238 | +€49,683 | +38.9% |
| Amounts payable within one year | 42/48 | €126,289 | €177,220 | +€50,931 | +40.3% |
| Trade debts | 44 | €1,609 | €4,285 | +€2,676 | +166% |
| Suppliers | 440/4 | €1,609 | €4,285 | +€2,676 | +166% |
| Taxes, remuneration and social security | 45 | €81,704 | €96,599 | +€14,895 | +18.2% |
| Taxes | 450/3 | €654 | €3,549 | +€2,895 | +442% |
| Remuneration and social security | 454/9 | €81,050 | €93,050 | +€12,000 | +14.8% |
| Other amounts payable | 47/48 | €42,975 | €76,335 | +€33,360 | +77.6% |
| Accrued charges and deferred income | 492/3 | €1,267 | €18 | -€1,248 | -98.6% |
| Turnover | 70 | - | €55,768 | +€55,768 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €48,764 | +€48,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,206 | €15,045 | +€6,839 | +83.3% |
| Other operating charges | 640/8 | €3,460 | €3,413 | -€47 | -1.4% |
| Gross operating margin | 9900 | -€16,126 | €15,806 | +€31,932 | |
| Operating profit (loss) | 9901 | -€27,791 | -€2,651 | +€25,140 | +90.5% |
| Financial charges | 65/66B | €47 | €59 | +€12 | +25.5% |
| Recurring financial charges | 65 | €47 | €59 | +€12 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,838 | -€2,710 | +€25,128 | +90.3% |
| Income taxes | 67/77 | €623 | €363 | -€260 | -41.8% |
| Profit (loss) for the period | 9904 | -€28,461 | -€3,073 | +€25,388 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,461 | -€3,073 | +€25,388 | +89.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.