S.A. VALKENBORGH: what changed
S.A. VALKENBORGH
Largest movements
- Stocks and contracts -€34,204
down €34,204 (-58.7%), from €58,283 to €24,079
- Cash -€27,726
down €27,726 (-86.9%), from €31,919 to €4,192
mainly Other debts (-€40,900) and Net result for the year (-€26,384)
- Receivables within one year -€4,350
no longer reported in 2026 (was €4,350)
- Other debts -€40,900
down €40,900 (-57.9%), from €70,604 to €29,704
- Profit (loss) carried forward -€26,384
down €26,384 (-40.7%), from -€64,888 to -€91,272
- Gross operating margin -€24,694
down €24,694, from €1,150 to -€23,544
- Other operating charges -€914
down €914 (-30.8%), from €2,968 to €2,054
- Financial income -€294
down €294 (-66.6%), from €441 to €147
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,168 | €33,888 | -€67,280 | -66.5% |
| Fixed assets | 21/28 | €6,617 | €5,617 | -€1,000 | -15.1% |
| Tangible fixed assets | 22/27 | €4,615 | €4,615 | = | 0.0% |
| Furniture and vehicles | 24 | €4,615 | €4,615 | = | 0.0% |
| Financial fixed assets | 28 | €2,002 | €1,002 | -€1,000 | -50.0% |
| Current assets | 29/58 | €94,552 | €28,271 | -€66,280 | -70.1% |
| Stocks and contracts in progress | 3 | €58,283 | €24,079 | -€34,204 | -58.7% |
| Stocks | 30/36 | €58,283 | €24,079 | -€34,204 | -58.7% |
| Amounts receivable within one year | 40/41 | €4,350 | - | -€4,350 | |
| Trade receivables | 40 | €4,350 | - | -€4,350 | |
| Cash at bank and in hand | 54/58 | €31,919 | €4,192 | -€27,726 | -86.9% |
| Total equity and liabilities | 10/49 | €101,168 | €33,888 | -€67,280 | -66.5% |
| Equity | 10/15 | €23,176 | -€2,455 | -€25,632 | |
| Contributions | 10/11 | €88,064 | €88,816 | +€752 | +0.9% |
| Profit (loss) carried forward | 14 | -€64,888 | -€91,272 | -€26,384 | -40.7% |
| Amounts payable | 17/49 | €77,992 | €36,343 | -€41,648 | -53.4% |
| Amounts payable within one year | 42/48 | €77,992 | €36,343 | -€41,648 | -53.4% |
| Trade debts | 44 | €3,515 | €3,484 | -€31 | -0.9% |
| Suppliers | 440/4 | €3,515 | €3,484 | -€31 | -0.9% |
| Taxes, remuneration and social security | 45 | €3,873 | €3,155 | -€718 | -18.5% |
| Taxes | 450/3 | €2,575 | €1,858 | -€718 | -27.9% |
| Remuneration and social security | 454/9 | €1,298 | €1,298 | = | 0.0% |
| Other amounts payable | 47/48 | €70,604 | €29,704 | -€40,900 | -57.9% |
| Other operating charges | 640/8 | €2,968 | €2,054 | -€914 | -30.8% |
| Gross operating margin | 9900 | €1,150 | -€23,544 | -€24,694 | |
| Operating profit (loss) | 9901 | -€1,818 | -€25,598 | -€23,780 | -1,308% |
| Financial income | 75/76B | €441 | €147 | -€294 | -66.6% |
| Recurring financial income | 75 | €441 | €147 | -€294 | -66.6% |
| Financial charges | 65/66B | €856 | €634 | -€222 | -25.9% |
| Recurring financial charges | 65 | €856 | €633 | -€222 | -26.0% |
| Non-recurring financial charges | 66B | €0 | €0 | +€0 | +4,200% |
| Profit (loss) for the period before taxes | 9903 | -€2,233 | -€26,085 | -€23,852 | -1,068% |
| Income taxes | 67/77 | €379 | €299 | -€80 | -21.1% |
| Profit (loss) for the period | 9904 | -€2,612 | -€26,384 | -€23,772 | -910% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,612 | -€26,384 | -€23,772 | -910% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.