VAL - Creative Consultancy: 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 - Creative Consultancy
Largest movements
- Cash -€10,205
down €10,205 (-50.2%), from €20,328 to €10,122
mainly Net result for the year (-€6,517) and Tax, wage and social debts (-€3,423)
- Tangible fixed assets -€1,030
down €1,030 (-37.1%), from €2,777 to €1,747
- Receivables within one year -€894
down €894 (-7.6%), from €11,693 to €10,799
- Profit (loss) carried forward -€6,517
new in 2025: -€6,517
- Tax, wage and social debts -€3,423
down €3,423 (-32.4%), from €10,571 to €7,148
- Other debts -€1,843
down €1,843 (-23.5%), from €7,851 to €6,008
- Accrued charges and deferred income -€457
down €457 (-100.0%), from €457 to €0
- Trade debts +€392
up €392 (+174.7%), from €224 to €616
- Gross operating margin -€24,372
down €24,372, from €19,419 to -€4,953
- Taxes -€5,313
down €5,313 (-97.6%), from €5,445 to €132
- Depreciation +€716
up €716 (+228.0%), from €314 to €1,030
- Other operating charges +€242
up €242 (+199.2%), from €122 to €363
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 | €35,115 | €23,298 | -€11,817 | -33.7% |
| Fixed assets | 21/28 | €2,777 | €1,747 | -€1,030 | -37.1% |
| Tangible fixed assets | 22/27 | €2,777 | €1,747 | -€1,030 | -37.1% |
| Furniture and vehicles | 24 | €2,777 | €1,747 | -€1,030 | -37.1% |
| Current assets | 29/58 | €32,337 | €21,551 | -€10,786 | -33.4% |
| Amounts receivable within one year | 40/41 | €11,693 | €10,799 | -€894 | -7.6% |
| Trade receivables | 40 | €11,693 | €10,799 | -€894 | -7.6% |
| Cash at bank and in hand | 54/58 | €20,328 | €10,122 | -€10,205 | -50.2% |
| Deferred charges and accrued income | 490/1 | €316 | €629 | +€313 | +99.0% |
| Total equity and liabilities | 10/49 | €35,115 | €23,298 | -€11,817 | -33.7% |
| Equity | 10/15 | €16,012 | €9,495 | -€6,517 | -40.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €13,512 | €13,512 | = | 0.0% |
| Distributable reserves | 133 | €13,512 | €13,512 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,517 | -€6,517 | |
| Amounts payable | 17/49 | €19,103 | €13,802 | -€5,300 | -27.7% |
| Amounts payable within one year | 42/48 | €18,646 | €13,802 | -€4,844 | -26.0% |
| Financial debts | 43 | - | €31 | +€31 | |
| Credit institutions | 430/8 | - | €31 | +€31 | |
| Trade debts | 44 | €224 | €616 | +€392 | +174.7% |
| Suppliers | 440/4 | €224 | €616 | +€392 | +174.7% |
| Taxes, remuneration and social security | 45 | €10,571 | €7,148 | -€3,423 | -32.4% |
| Taxes | 450/3 | €10,571 | €7,148 | -€3,423 | -32.4% |
| Other amounts payable | 47/48 | €7,851 | €6,008 | -€1,843 | -23.5% |
| Accrued charges and deferred income | 492/3 | €457 | €0 | -€457 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314 | €1,030 | +€716 | +228.0% |
| Other operating charges | 640/8 | €122 | €363 | +€242 | +199.2% |
| Gross operating margin | 9900 | €19,419 | -€4,953 | -€24,372 | |
| Operating profit (loss) | 9901 | €18,984 | -€6,347 | -€25,331 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €27 | €57 | +€30 | +111.8% |
| Recurring financial charges | 65 | €27 | €57 | +€30 | +111.8% |
| Profit (loss) for the period before taxes | 9903 | €18,957 | -€6,385 | -€25,341 | |
| Income taxes | 67/77 | €5,445 | €132 | -€5,313 | -97.6% |
| Profit (loss) for the period | 9904 | €13,512 | -€6,517 | -€20,028 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,512 | -€6,517 | -€20,028 |
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 10 October 2026 via checked.be.