VAL CONSULTING: 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 CONSULTING
Largest movements
- Cash +€21,198
up €21,198 (+155.4%), from €13,643 to €34,841
mainly Net result for the year (+€27,890) and Depreciation (+€1,703)
- Receivables within one year +€6,876
up €6,876 (+552.3%), from €1,245 to €8,120
- Tangible fixed assets -€787
down €787 (-32.1%), from €2,452 to €1,665
- Profit (loss) carried forward +€27,031
up €27,031 (+212.5%), from €12,723 to €39,754
- Tax, wage and social debts +€1,641
up €1,641 (+131.4%), from €1,249 to €2,891
of which Taxes: +€1,961
- Short-term financial debts -€850
no longer reported in 2025 (was €850)
- Gross operating margin +€11,205
up €11,205 (+41.1%), from €27,234 to €38,440
- Depreciation -€6,266
down €6,266 (-78.6%), from €7,969 to €1,703
- Taxes +€3,204
up €3,204 (+65.6%), from €4,883 to €8,088
- Financial charges -€657
down €657 (-67.5%), from €974 to €317
- Other operating charges +€410
up €410 (+144.2%), from €284 to €694
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.
Cash bridge derived
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 | €17,880 | €45,345 | +€27,464 | +153.6% |
| Fixed assets | 21/28 | €2,572 | €1,785 | -€787 | -30.6% |
| Tangible fixed assets | 22/27 | €2,452 | €1,665 | -€787 | -32.1% |
| Furniture and vehicles | 24 | €2,452 | €1,665 | -€787 | -32.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €15,309 | €43,560 | +€28,251 | +184.5% |
| Amounts receivable within one year | 40/41 | €1,245 | €8,120 | +€6,876 | +552.3% |
| Other amounts receivable | 41 | €1,245 | €8,120 | +€6,876 | +552.3% |
| Cash at bank and in hand | 54/58 | €13,643 | €34,841 | +€21,198 | +155.4% |
| Deferred charges and accrued income | 490/1 | €421 | €598 | +€178 | +42.2% |
| Total equity and liabilities | 10/49 | €17,880 | €45,345 | +€27,464 | +153.6% |
| Equity | 10/15 | €13,723 | €40,754 | +€27,031 | +197.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,723 | €39,754 | +€27,031 | +212.5% |
| Amounts payable | 17/49 | €4,157 | €4,591 | +€433 | +10.4% |
| Amounts payable within one year | 42/48 | €3,729 | €4,591 | +€862 | +23.1% |
| Financial debts | 43 | €850 | - | -€850 | |
| Credit institutions | 430/8 | €850 | - | -€850 | |
| Trade debts | 44 | €796 | €841 | +€45 | +5.6% |
| Suppliers | 440/4 | €796 | €841 | +€45 | +5.6% |
| Taxes, remuneration and social security | 45 | €1,249 | €2,891 | +€1,641 | +131.4% |
| Taxes | 450/3 | €449 | €2,411 | +€1,961 | +436.5% |
| Remuneration and social security | 454/9 | €800 | €480 | -€320 | -40.0% |
| Other amounts payable | 47/48 | €833 | €859 | +€26 | +3.1% |
| Accrued charges and deferred income | 492/3 | €428 | - | -€428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,969 | €1,703 | -€6,266 | -78.6% |
| Other operating charges | 640/8 | €284 | €694 | +€410 | +144.2% |
| Gross operating margin | 9900 | €27,234 | €38,440 | +€11,205 | +41.1% |
| Operating profit (loss) | 9901 | €18,981 | €36,043 | +€17,062 | +89.9% |
| Financial income | 75/76B | - | €252 | +€252 | |
| Recurring financial income | 75 | - | €252 | +€252 | |
| Financial charges | 65/66B | €974 | €317 | -€657 | -67.5% |
| Recurring financial charges | 65 | €974 | €317 | -€657 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €18,007 | €35,977 | +€17,971 | +99.8% |
| Income taxes | 67/77 | €4,883 | €8,088 | +€3,204 | +65.6% |
| Profit (loss) for the period | 9904 | €13,123 | €27,890 | +€14,766 | +112.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,123 | €27,890 | +€14,766 | +112.5% |
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 11 October 2026 via checked.be.