V@lidaid: 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.
V@lidaid
Largest movements
- Receivables within one year -€36,450
down €36,450 (-68.7%), from €53,038 to €16,588
of which Trade receivables: -€44,300
- Current investments +€29,674
up €29,674 (+115%), from €25,875 to €55,549
- Cash -€18,356
down €18,356 (-25.0%), from €73,302 to €54,946
mainly Contributions, distributions and other (-€74,049) and Current investments (-€29,674)
- Deferred charges and accrued income +€10,164
up €10,164 (+378%), from €2,686 to €12,850
- Profit (loss) carried forward -€74,253
down €74,253, from €74,049 to -€204
- Other debts +€51,894
up €51,894 (+303%), from €17,104 to €68,998
- Tax, wage and social debts +€6,968
up €6,968 (+102%), from €6,814 to €13,781
of which Taxes: +€10,060
- Gross operating margin -€64,645
down €64,645 (-97.5%), from €66,326 to €1,681
- Taxes -€17,729
down €17,729 (-99.2%), from €17,878 to €150
- Financial income +€929
up €929 (+82.3%), from €1,128 to €2,057
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 | €163,107 | €146,848 | -€16,258 | -10.0% |
| Fixed assets | 21/28 | €8,206 | €6,916 | -€1,291 | -15.7% |
| Tangible fixed assets | 22/27 | €8,206 | €6,916 | -€1,291 | -15.7% |
| Plant, machinery and equipment | 23 | €5,943 | €4,975 | -€967 | -16.3% |
| Furniture and vehicles | 24 | €2,263 | €1,940 | -€323 | -14.3% |
| Current assets | 29/58 | €154,900 | €139,933 | -€14,968 | -9.7% |
| Amounts receivable within one year | 40/41 | €53,038 | €16,588 | -€36,450 | -68.7% |
| Trade receivables | 40 | €44,300 | - | -€44,300 | |
| Other amounts receivable | 41 | €8,737 | €16,588 | +€7,850 | +89.8% |
| Current investments | 50/53 | €25,875 | €55,549 | +€29,674 | +115% |
| Cash at bank and in hand | 54/58 | €73,302 | €54,946 | -€18,356 | -25.0% |
| Deferred charges and accrued income | 490/1 | €2,686 | €12,850 | +€10,164 | +378% |
| Total equity and liabilities | 10/49 | €163,107 | €146,848 | -€16,258 | -10.0% |
| Equity | 10/15 | €137,028 | €62,775 | -€74,253 | -54.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €52,979 | €52,979 | = | 0.0% |
| Distributable reserves | 133 | €52,979 | €52,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,049 | -€204 | -€74,253 | |
| Amounts payable | 17/49 | €26,079 | €84,073 | +€57,994 | +222% |
| Amounts payable within one year | 42/48 | €26,079 | €84,073 | +€57,994 | +222% |
| Trade debts | 44 | €2,162 | €1,294 | -€868 | -40.1% |
| Suppliers | 440/4 | €2,162 | €1,294 | -€868 | -40.1% |
| Taxes, remuneration and social security | 45 | €6,814 | €13,781 | +€6,968 | +102% |
| Taxes | 450/3 | €3,722 | €13,781 | +€10,060 | +270% |
| Remuneration and social security | 454/9 | €3,092 | - | -€3,092 | |
| Other amounts payable | 47/48 | €17,104 | €68,998 | +€51,894 | +303% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,956 | €2,596 | -€360 | -12.2% |
| Other operating charges | 640/8 | €724 | €728 | +€4 | +0.6% |
| Gross operating margin | 9900 | €66,326 | €1,681 | -€64,645 | -97.5% |
| Operating profit (loss) | 9901 | €62,646 | -€1,643 | -€64,289 | |
| Financial income | 75/76B | €1,128 | €2,057 | +€929 | +82.3% |
| Recurring financial income | 75 | €1,128 | €2,057 | +€929 | +82.3% |
| Financial charges | 65/66B | €145 | €468 | +€323 | +223% |
| Recurring financial charges | 65 | €145 | €468 | +€323 | +223% |
| Profit (loss) for the period before taxes | 9903 | €63,629 | -€54 | -€63,684 | |
| Income taxes | 67/77 | €17,878 | €150 | -€17,729 | -99.2% |
| Profit (loss) for the period | 9904 | €45,751 | -€204 | -€45,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,751 | -€204 | -€45,955 |
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 19 October 2026 via checked.be.