VAL DE CAMBRE: 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.
What changed
VAL DE CAMBRE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€80,947
2024 · €850,158-€931,105
Equity
€596,858
2024 · €677,805-€80,947
Cash
€421
2024 · €5,422-€5,001
Balance sheet total
€930,021
2024 · €1.0m-€71,418
Largest movements
Assets
- Receivables within one year -€49,260
down €49,260 (-5.1%), from €957,061 to €907,801
- Tangible fixed assets -€17,245
down €17,245 (-45.0%), from €38,364 to €21,119
of which Furniture and vehicles: -€17,245
Equity and liabilities
- Profit (loss) carried forward -€80,947
down €80,947 (-16.8%), from -€481,298 to -€562,245
Income statement
- Gross operating margin -€1.2m
down €1.2m, from €1.2m to -€57,127
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.
Result 2024
€850,158
Gross operating margin
-€1.2m
Depreciation
-€3,874
Write-downs
-€4,052
Other operating charges
+€147
Financial charges
+€49
Deferred taxes and other
+€313,363
Result 2025
-€80,947
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€5,001
Investment
€0
Financing
€0
Cash 2024
€5,422
From operations (derived)
-€5,001
Net result for the year
-€80,947
Depreciation
+€17,245
Receivables within one year
+€49,260
Smaller working-capital items
-€277
Other debts
+€9,717
Cash 2025
€421
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,001,439 | €930,021 | -€71,418 | -7.1% |
| Fixed assets | 21/28 | €38,364 | €21,119 | -€17,245 | -45.0% |
| Tangible fixed assets | 22/27 | €38,364 | €21,119 | -€17,245 | -45.0% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €38,364 | €21,119 | -€17,245 | -45.0% |
| Current assets | 29/58 | €963,075 | €908,902 | -€54,173 | -5.6% |
| Amounts receivable within one year | 40/41 | €957,061 | €907,801 | -€49,260 | -5.1% |
| Other amounts receivable | 41 | €957,061 | €907,801 | -€49,260 | -5.1% |
| Cash at bank and in hand | 54/58 | €5,422 | €421 | -€5,001 | -92.2% |
| Deferred charges and accrued income | 490/1 | €591 | €679 | +€88 | +14.9% |
| Total equity and liabilities | 10/49 | €1,001,439 | €930,021 | -€71,418 | -7.1% |
| Equity | 10/15 | €677,805 | €596,858 | -€80,947 | -11.9% |
| Contributions | 10/11 | €210,710 | €210,710 | = | 0.0% |
| Capital | 10 | €210,710 | €210,710 | = | 0.0% |
| Issued capital | 100 | €210,710 | €210,710 | = | 0.0% |
| Contributions outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €948,394 | €948,394 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,304 | €8,304 | = | 0.0% |
| Legal reserve | 130 | €8,304 | €8,304 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €940,089 | €940,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€481,298 | -€562,245 | -€80,947 | -16.8% |
| Provisions and deferred taxes | 16 | €313,363 | €313,363 | = | 0.0% |
| Deferred taxes | 168 | €313,363 | €313,363 | = | 0.0% |
| Amounts payable | 17/49 | €10,271 | €19,800 | +€9,529 | +92.8% |
| Amounts payable within one year | 42/48 | €10,271 | €19,800 | +€9,529 | +92.8% |
| Trade debts | 44 | €241 | €53 | -€188 | -78.1% |
| Suppliers | 440/4 | €241 | €53 | -€188 | -78.1% |
| Other amounts payable | 47/48 | €10,030 | €19,747 | +€9,717 | +96.9% |
| Non-recurring operating income | 76A | €1,253,453 | €0 | -€1.3m | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,371 | €17,245 | +€3,874 | +29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,052 | €0 | +€4,052 | |
| Other operating charges | 640/8 | €6,679 | €6,532 | -€147 | -2.2% |
| Gross operating margin | 9900 | €1,179,611 | -€57,127 | -€1.2m | |
| Operating profit (loss) | 9901 | €1,163,614 | -€80,904 | -€1.2m | |
| Financial charges | 65/66B | €93 | €44 | -€49 | -53.0% |
| Recurring financial charges | 65 | €93 | €44 | -€49 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €1,163,521 | -€80,947 | -€1.2m | |
| Transfer to deferred taxes | 680 | €313,363 | €0 | -€313,363 | -100% |
| Profit (loss) for the period | 9904 | €850,158 | -€80,947 | -€931,105 | |
| Transfer to tax-exempt reserves | 689 | €940,089 | €0 | -€940,089 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,931 | -€80,947 | +€8,984 | +10.0% |
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 24 October 2026 via checked.be.