RUBEN VALKENEERS: what changed
RUBEN VALKENEERS
Largest movements
- Cash +€12,065
up €12,065 (+257%), from €4,703 to €16,768
mainly Net result for the year (+€14,037) and Tax, wage and social debts (+€4,357)
- Receivables within one year +€5,428
up €5,428 (+17.2%), from €31,643 to €37,070
of which Other amounts receivable: +€4,600
- Deferred charges and accrued income -€557
down €557 (-46.5%), from €1,198 to €641
- Reserves +€14,037
up €14,037 (+84.2%), from €16,676 to €30,713
- Tax, wage and social debts +€4,357
up €4,357 (+45.7%), from €9,525 to €13,882
of which Taxes: +€7,335
- Trade debts -€1,169
down €1,169 (-11.7%), from €10,007 to €8,838
- Taxes +€1,553
up €1,553 (+27.1%), from €5,733 to €7,285
- Gross operating margin -€1,540
down €1,540 (-6.6%), from €23,312 to €21,772
- Other operating charges -€470
down €470 (-42.3%), from €1,111 to €641
- Financial charges +€341
up €341 (+310%), from €110 to €451
- Financial income +€324
up €324 (+102%), from €318 to €641
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,544 | €54,480 | +€16,935 | +45.1% |
| Current assets | 29/58 | €37,544 | €54,480 | +€16,935 | +45.1% |
| Amounts receivable within one year | 40/41 | €31,643 | €37,070 | +€5,428 | +17.2% |
| Trade receivables | 40 | €20,994 | €21,822 | +€828 | +3.9% |
| Other amounts receivable | 41 | €10,648 | €15,248 | +€4,600 | +43.2% |
| Cash at bank and in hand | 54/58 | €4,703 | €16,768 | +€12,065 | +257% |
| Deferred charges and accrued income | 490/1 | €1,198 | €641 | -€557 | -46.5% |
| Total equity and liabilities | 10/49 | €37,544 | €54,480 | +€16,935 | +45.1% |
| Equity | 10/15 | €17,676 | €31,713 | +€14,037 | +79.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,676 | €30,713 | +€14,037 | +84.2% |
| Distributable reserves | 133 | €16,676 | €30,713 | +€14,037 | +84.2% |
| Amounts payable | 17/49 | €19,868 | €22,766 | +€2,898 | +14.6% |
| Amounts payable within one year | 42/48 | €19,532 | €22,720 | +€3,188 | +16.3% |
| Trade debts | 44 | €10,007 | €8,838 | -€1,169 | -11.7% |
| Suppliers | 440/4 | €10,007 | €8,838 | -€1,169 | -11.7% |
| Taxes, remuneration and social security | 45 | €9,525 | €13,882 | +€4,357 | +45.7% |
| Taxes | 450/3 | €6,547 | €13,882 | +€7,335 | +112% |
| Remuneration and social security | 454/9 | €2,978 | €0 | -€2,978 | -100% |
| Accrued charges and deferred income | 492/3 | €336 | €46 | -€290 | -86.2% |
| Other operating charges | 640/8 | €1,111 | €641 | -€470 | -42.3% |
| Gross operating margin | 9900 | €23,312 | €21,772 | -€1,540 | -6.6% |
| Operating profit (loss) | 9901 | €22,201 | €21,132 | -€1,070 | -4.8% |
| Financial income | 75/76B | €318 | €641 | +€324 | +102% |
| Recurring financial income | 75 | €318 | €641 | +€324 | +102% |
| Financial charges | 65/66B | €110 | €451 | +€341 | +310% |
| Recurring financial charges | 65 | €110 | €451 | +€341 | +310% |
| Profit (loss) for the period before taxes | 9903 | €22,409 | €21,322 | -€1,086 | -4.8% |
| Income taxes | 67/77 | €5,733 | €7,285 | +€1,553 | +27.1% |
| Profit (loss) for the period | 9904 | €16,676 | €14,037 | -€2,639 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,676 | €14,037 | -€2,639 | -15.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.