't VALKENNEST: 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.
't VALKENNEST
Largest movements
- Tangible fixed assets -€39,466
down €39,466 (-6.8%), from €583,805 to €544,339
of which Plant, machinery and equipment: -€26,518
- Cash -€11,129
down €11,129 (-22.1%), from €50,469 to €39,340
mainly Debts after one year (-€27,242) and Receivables within one year (-€10,000)
- Receivables within one year +€10,000
new in 2025: €10,000
- Debts after one year -€27,242
down €27,242 (-6.7%), from €406,045 to €378,803
of which Other amounts payable: -€14,000
- Gross operating margin +€2,144
up €2,144 (+6.1%), from €35,027 to €37,171
- Turnover +€1,260
up €1,260 (+3.1%), from €40,782 to €42,042
- Purchases and services -€885
down €885 (-15.4%), from €5,756 to €4,871
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 | €634,426 | €593,833 | -€40,593 | -6.4% |
| Fixed assets | 21/28 | €583,805 | €544,339 | -€39,466 | -6.8% |
| Tangible fixed assets | 22/27 | €583,805 | €544,339 | -€39,466 | -6.8% |
| Land and buildings | 22 | €451,215 | €438,267 | -€12,948 | -2.9% |
| Plant, machinery and equipment | 23 | €132,590 | €106,072 | -€26,518 | -20.0% |
| Current assets | 29/58 | €50,621 | €49,494 | -€1,127 | -2.2% |
| Amounts receivable within one year | 40/41 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €50,469 | €39,340 | -€11,129 | -22.1% |
| Deferred charges and accrued income | 490/1 | €152 | €154 | +€2 | +1.2% |
| Total equity and liabilities | 10/49 | €634,426 | €593,833 | -€40,593 | -6.4% |
| Equity | 10/15 | €193,949 | €186,824 | -€7,125 | -3.7% |
| Contributions | 10/11 | €267,000 | €267,000 | = | 0.0% |
| Capital | 10 | €267,000 | - | -€267,000 | |
| Issued capital | 100 | €267,000 | - | -€267,000 | |
| Profit (loss) carried forward | 14 | -€99,418 | -€105,102 | -€5,684 | -5.7% |
| Investment grants | 15 | €26,367 | €24,926 | -€1,441 | -5.5% |
| Amounts payable | 17/49 | €440,477 | €407,009 | -€33,468 | -7.6% |
| Amounts payable after more than one year | 17 | €406,045 | €378,803 | -€27,242 | -6.7% |
| Financial debts | 170/4 | €277,045 | €263,803 | -€13,242 | -4.8% |
| Other amounts payable | 178/9 | €129,000 | €115,000 | -€14,000 | -10.9% |
| Amounts payable within one year | 42/48 | €34,432 | €28,206 | -€6,226 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €13,131 | €13,242 | +€111 | +0.8% |
| Trade debts | 44 | €1,301 | €964 | -€337 | -25.9% |
| Suppliers | 440/4 | €1,301 | €964 | -€337 | -25.9% |
| Other amounts payable | 47/48 | €20,000 | €14,000 | -€6,000 | -30.0% |
| Turnover | 70 | €40,782 | €42,042 | +€1,260 | +3.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,756 | €4,871 | -€885 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,466 | €39,466 | +€0 | 0.0% |
| Other operating charges | 640/8 | €574 | €592 | +€18 | +3.2% |
| Gross operating margin | 9900 | €35,027 | €37,171 | +€2,144 | +6.1% |
| Operating profit (loss) | 9901 | -€5,013 | -€2,887 | +€2,126 | +42.4% |
| Financial charges | 65/66B | €2,910 | €2,797 | -€113 | -3.9% |
| Recurring financial charges | 65 | €2,910 | €2,797 | -€113 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,923 | -€5,684 | +€2,239 | +28.3% |
| Profit (loss) for the period | 9904 | -€7,923 | -€5,684 | +€2,239 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,923 | -€5,684 | +€2,239 | +28.3% |
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 29 October 2026 via checked.be.