VAALTENBERG: 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.
VAALTENBERG
Largest movements
- Receivables within one year -€62,545
down €62,545 (-7.1%), from €886,806 to €824,261
of which Other amounts receivable: -€65,857
- Cash -€23,128
down €23,128 (-2.7%), from €844,084 to €820,956
mainly Contributions, distributions and other (-€136,000) and Trade debts (-€61,050)
- Profit (loss) carried forward -€64,670
down €64,670 (-6.6%), from €974,344 to €909,675
- Other debts +€63,012
up €63,012 (+5,103%), from €1,235 to €64,246
- Trade debts -€61,050
down €61,050 (-18.9%), from €323,466 to €262,417
- Gross operating margin -€41,334
down €41,334 (-28.1%), from €147,188 to €105,853
- Financial charges -€7,063
down €7,063 (-53.8%), from €13,137 to €6,074
- Taxes +€4,974
up €4,974 (+12.4%), from €40,269 to €45,243
- Financial income +€1,916
up €1,916 (+213%), from €898 to €2,814
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 | €1,737,855 | €1,651,898 | -€85,957 | -4.9% |
| Fixed assets | 21/28 | €6,651 | €6,237 | -€414 | -6.2% |
| Tangible fixed assets | 22/27 | €742 | €328 | -€414 | -55.8% |
| Plant, machinery and equipment | 23 | €396 | €132 | -€263 | -66.6% |
| Furniture and vehicles | 24 | €346 | €196 | -€150 | -43.5% |
| Financial fixed assets | 28 | €5,909 | €5,909 | = | 0.0% |
| Current assets | 29/58 | €1,731,205 | €1,645,661 | -€85,544 | -4.9% |
| Amounts receivable within one year | 40/41 | €886,806 | €824,261 | -€62,545 | -7.1% |
| Trade receivables | 40 | €677,097 | €680,409 | +€3,312 | +0.5% |
| Other amounts receivable | 41 | €209,709 | €143,851 | -€65,857 | -31.4% |
| Cash at bank and in hand | 54/58 | €844,084 | €820,956 | -€23,128 | -2.7% |
| Deferred charges and accrued income | 490/1 | €315 | €444 | +€129 | +41.1% |
| Total equity and liabilities | 10/49 | €1,737,855 | €1,651,898 | -€85,957 | -4.9% |
| Equity | 10/15 | €1,387,404 | €1,306,235 | -€81,170 | -5.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €406,860 | €390,360 | -€16,500 | -4.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €405,000 | €388,500 | -€16,500 | -4.1% |
| Profit (loss) carried forward | 14 | €974,344 | €909,675 | -€64,670 | -6.6% |
| Amounts payable | 17/49 | €350,451 | €345,663 | -€4,788 | -1.4% |
| Amounts payable within one year | 42/48 | €348,561 | €345,456 | -€3,105 | -0.9% |
| Financial debts | 43 | €17,908 | €18,749 | +€841 | +4.7% |
| Credit institutions | 430/8 | €17,908 | €18,749 | +€841 | +4.7% |
| Trade debts | 44 | €323,466 | €262,417 | -€61,050 | -18.9% |
| Suppliers | 440/4 | €323,466 | €262,417 | -€61,050 | -18.9% |
| Taxes, remuneration and social security | 45 | €5,951 | €43 | -€5,908 | -99.3% |
| Taxes | 450/3 | €5,951 | €43 | -€5,908 | -99.3% |
| Other amounts payable | 47/48 | €1,235 | €64,246 | +€63,012 | +5,103% |
| Accrued charges and deferred income | 492/3 | €1,890 | €208 | -€1,682 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,130 | €414 | -€716 | -63.4% |
| Other operating charges | 640/8 | €3,173 | €2,107 | -€1,066 | -33.6% |
| Gross operating margin | 9900 | €147,188 | €105,853 | -€41,334 | -28.1% |
| Operating profit (loss) | 9901 | €142,885 | €103,332 | -€39,553 | -27.7% |
| Financial income | 75/76B | €898 | €2,814 | +€1,916 | +213% |
| Recurring financial income | 75 | €898 | €2,814 | +€1,916 | +213% |
| Financial charges | 65/66B | €13,137 | €6,074 | -€7,063 | -53.8% |
| Recurring financial charges | 65 | €13,137 | €6,074 | -€7,063 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €130,646 | €100,073 | -€30,573 | -23.4% |
| Income taxes | 67/77 | €40,269 | €45,243 | +€4,974 | +12.4% |
| Profit (loss) for the period | 9904 | €90,377 | €54,830 | -€35,547 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €90,377 | €54,830 | -€35,547 | -39.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.