S&V Vallez: 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.
S&V Vallez
Largest movements
- Cash +€22,164
up €22,164 (+24.6%), from €89,942 to €112,106
mainly Net result for the year (+€81,151) and Depreciation (+€8,516)
- Stocks and contracts +€21,412
up €21,412 (+21.0%), from €101,883 to €123,295
- Receivables within one year +€19,900
up €19,900 (+232%), from €8,579 to €28,479
of which Trade receivables: +€17,060
- Tangible fixed assets +€17,539
up €17,539 (+116%), from €15,170 to €32,708
of which Furniture and vehicles: +€20,216
- Reserves +€81,151
up €81,151 (+40.1%), from €202,406 to €283,558
- Tax, wage and social debts +€3,524
up €3,524 (+147%), from €2,393 to €5,916
- Trade debts -€3,231
down €3,231 (-26.3%), from €12,284 to €9,053
- Gross operating margin +€25,130
up €25,130 (+28.2%), from €89,051 to €114,181
- Taxes +€5,706
up €5,706 (+33.5%), from €17,054 to €22,760
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 | €218,417 | €299,527 | +€81,110 | +37.1% |
| Fixed assets | 21/28 | €15,193 | €32,708 | +€17,515 | +115% |
| Intangible fixed assets | 21 | €24 | - | -€24 | |
| Tangible fixed assets | 22/27 | €15,170 | €32,708 | +€17,539 | +116% |
| Plant, machinery and equipment | 23 | €4,722 | €2,045 | -€2,677 | -56.7% |
| Furniture and vehicles | 24 | €10,448 | €30,664 | +€20,216 | +193% |
| Current assets | 29/58 | €203,224 | €266,818 | +€63,594 | +31.3% |
| Stocks and contracts in progress | 3 | €101,883 | €123,295 | +€21,412 | +21.0% |
| Stocks | 30/36 | €101,883 | €123,295 | +€21,412 | +21.0% |
| Amounts receivable within one year | 40/41 | €8,579 | €28,479 | +€19,900 | +232% |
| Trade receivables | 40 | €5,457 | €22,517 | +€17,060 | +313% |
| Other amounts receivable | 41 | €3,122 | €5,962 | +€2,840 | +91.0% |
| Cash at bank and in hand | 54/58 | €89,942 | €112,106 | +€22,164 | +24.6% |
| Deferred charges and accrued income | 490/1 | €2,821 | €2,939 | +€118 | +4.2% |
| Total equity and liabilities | 10/49 | €218,417 | €299,527 | +€81,110 | +37.1% |
| Equity | 10/15 | €203,406 | €284,558 | +€81,151 | +39.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €202,406 | €283,558 | +€81,151 | +40.1% |
| Distributable reserves | 133 | €202,406 | €283,558 | +€81,151 | +40.1% |
| Amounts payable | 17/49 | €15,011 | €14,969 | -€42 | -0.3% |
| Amounts payable within one year | 42/48 | €15,011 | €14,969 | -€42 | -0.3% |
| Trade debts | 44 | €12,284 | €9,053 | -€3,231 | -26.3% |
| Suppliers | 440/4 | €12,284 | €9,053 | -€3,231 | -26.3% |
| Taxes, remuneration and social security | 45 | €2,393 | €5,916 | +€3,524 | +147% |
| Taxes | 450/3 | €2,393 | €5,916 | +€3,524 | +147% |
| Other amounts payable | 47/48 | €334 | - | -€334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,753 | €8,516 | +€763 | +9.8% |
| Other operating charges | 640/8 | €1,546 | €1,717 | +€171 | +11.1% |
| Gross operating margin | 9900 | €89,051 | €114,181 | +€25,130 | +28.2% |
| Operating profit (loss) | 9901 | €79,752 | €103,948 | +€24,196 | +30.3% |
| Financial income | 75/76B | €258 | €18 | -€240 | -93.0% |
| Recurring financial income | 75 | €258 | €18 | -€240 | -93.0% |
| Financial charges | 65/66B | €54 | €55 | +€0 | +0.9% |
| Recurring financial charges | 65 | €54 | €55 | +€0 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €79,956 | €103,911 | +€23,955 | +30.0% |
| Income taxes | 67/77 | €17,054 | €22,760 | +€5,706 | +33.5% |
| Profit (loss) for the period | 9904 | €62,902 | €81,151 | +€18,250 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,902 | €81,151 | +€18,250 | +29.0% |
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 22 October 2026 via checked.be.