VAL CLEMONT: 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.
VAL CLEMONT
Largest movements
- Receivables after one year -€46,500
down €46,500 (-53.1%), from €87,650 to €41,150
- Tangible fixed assets -€36,536
down €36,536 (-3.6%), from €1.0m to €967,319
- Receivables within one year +€29,188
up €29,188 (+19.4%), from €150,233 to €179,421
of which Other amounts receivable: +€26,778
- Debts after one year -€67,182
down €67,182 (-13.3%), from €505,939 to €438,757
of which Financial debts: -€67,182
- Turnover +€18,256
up €18,256 (+19.1%), from €95,754 to €114,010
- Financial charges +€4,378
up €4,378 (+25.5%), from €17,169 to €21,547
- Purchases and services +€3,819
up €3,819 (+7.7%), from €49,294 to €53,113
- Gross operating margin -€3,510
down €3,510 (-4.7%), from €75,417 to €71,908
- Staff costs -€1,402
no longer reported in 2025 (was €1,402)
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 | €1,243,941 | €1,189,910 | -€54,031 | -4.3% |
| Fixed assets | 21/28 | €1,004,405 | €967,869 | -€36,536 | -3.6% |
| Tangible fixed assets | 22/27 | €1,003,855 | €967,319 | -€36,536 | -3.6% |
| Land and buildings | 22 | €1,003,855 | €967,319 | -€36,536 | -3.6% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €239,536 | €222,041 | -€17,495 | -7.3% |
| Amounts receivable after more than one year | 29 | €87,650 | €41,150 | -€46,500 | -53.1% |
| Other amounts receivable | 291 | €87,650 | €41,150 | -€46,500 | -53.1% |
| Amounts receivable within one year | 40/41 | €150,233 | €179,421 | +€29,188 | +19.4% |
| Trade receivables | 40 | €235 | €2,645 | +€2,410 | +1,026% |
| Other amounts receivable | 41 | €149,998 | €176,776 | +€26,778 | +17.9% |
| Cash at bank and in hand | 54/58 | €1,653 | €1,470 | -€183 | -11.1% |
| Total equity and liabilities | 10/49 | €1,243,941 | €1,189,910 | -€54,031 | -4.3% |
| Equity | 10/15 | €459,105 | €464,309 | +€5,204 | +1.1% |
| Contributions | 10/11 | €430,000 | €430,000 | = | 0.0% |
| Reserves | 13 | €4,955 | €4,955 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,955 | €4,955 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,955 | €4,955 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,150 | €29,354 | +€5,204 | +21.5% |
| Amounts payable | 17/49 | €784,836 | €725,601 | -€59,234 | -7.5% |
| Amounts payable after more than one year | 17 | €505,939 | €438,757 | -€67,182 | -13.3% |
| Financial debts | 170/4 | €505,439 | €438,257 | -€67,182 | -13.3% |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €278,897 | €286,845 | +€7,948 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €69,493 | €70,127 | +€634 | +0.9% |
| Trade debts | 44 | €15,741 | €19,055 | +€3,314 | +21.1% |
| Suppliers | 440/4 | €15,741 | €19,055 | +€3,314 | +21.1% |
| Taxes, remuneration and social security | 45 | €1,431 | €1,431 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,431 | €1,431 | = | 0.0% |
| Other amounts payable | 47/48 | €192,232 | €196,232 | +€4,000 | +2.1% |
| Turnover | 70 | €95,754 | €114,010 | +€18,256 | +19.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,294 | €53,113 | +€3,819 | +7.7% |
| Remuneration, social security and pensions | 62 | €1,402 | - | -€1,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,536 | €36,536 | +€0 | 0.0% |
| Other operating charges | 640/8 | €8,671 | €8,621 | -€49 | -0.6% |
| Non-recurring operating charges | 66A | €9,661 | - | -€9,661 | |
| Gross operating margin | 9900 | €75,417 | €71,908 | -€3,510 | -4.7% |
| Operating profit (loss) | 9901 | €19,147 | €26,750 | +€7,603 | +39.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €17,169 | €21,547 | +€4,378 | +25.5% |
| Recurring financial charges | 65 | €17,169 | €21,547 | +€4,378 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €1,979 | €5,204 | +€3,225 | +163% |
| Profit (loss) for the period | 9904 | €1,979 | €5,204 | +€3,225 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €1,979 | €5,204 | +€3,225 | +163% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.