Val Energy: 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 Energy
Largest movements
- Receivables after one year +€65,000
new in 2025: €65,000
- Tangible fixed assets -€51,488
down €51,488 (-54.5%), from €94,410 to €42,922
of which Furniture and vehicles: -€48,464
- Deferred charges and accrued income +€14,935
up €14,935 (+823%), from €1,816 to €16,751
- Stocks and contracts +€6,010
new in 2025: €6,010
- Trade debts -€46,113
down €46,113 (-33.9%), from €135,939 to €89,826
- Debts after one year +€31,122
up €31,122 (+136%), from €22,917 to €54,039
- Reserves +€22,932
up €22,932 (+14.6%), from €157,239 to €180,171
- Tax, wage and social debts +€16,191
up €16,191 (+25.6%), from €63,342 to €79,533
of which Taxes: +€11,114
- Current portion of long-term debt +€9,249
up €9,249 (+173%), from €5,351 to €14,600
- Gross operating margin -€162,545
down €162,545 (-67.3%), from €241,510 to €78,965
- Taxes -€52,228
down €52,228 (-82.5%), from €63,342 to €11,114
- Financial income +€4,104
up €4,104 (+183%), from €2,247 to €6,351
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 | €387,787 | €421,168 | +€33,381 | +8.6% |
| Fixed assets | 21/28 | €96,910 | €46,522 | -€50,388 | -52.0% |
| Tangible fixed assets | 22/27 | €94,410 | €42,922 | -€51,488 | -54.5% |
| Plant, machinery and equipment | 23 | €19,793 | €16,769 | -€3,024 | -15.3% |
| Furniture and vehicles | 24 | €74,617 | €26,152 | -€48,464 | -65.0% |
| Financial fixed assets | 28 | €2,500 | €3,600 | +€1,100 | +44.0% |
| Current assets | 29/58 | €290,877 | €374,647 | +€83,770 | +28.8% |
| Amounts receivable after more than one year | 29 | - | €65,000 | +€65,000 | |
| Other amounts receivable | 291 | - | €65,000 | +€65,000 | |
| Stocks and contracts in progress | 3 | - | €6,010 | +€6,010 | |
| Stocks | 30/36 | - | €6,010 | +€6,010 | |
| Amounts receivable within one year | 40/41 | €284,771 | €284,389 | -€382 | -0.1% |
| Trade receivables | 40 | €194,955 | €234,875 | +€39,921 | +20.5% |
| Other amounts receivable | 41 | €89,816 | €49,514 | -€40,303 | -44.9% |
| Cash at bank and in hand | 54/58 | €4,291 | €2,496 | -€1,794 | -41.8% |
| Deferred charges and accrued income | 490/1 | €1,816 | €16,751 | +€14,935 | +823% |
| Total equity and liabilities | 10/49 | €387,787 | €421,168 | +€33,381 | +8.6% |
| Equity | 10/15 | €160,239 | €183,171 | +€22,932 | +14.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €157,239 | €180,171 | +€22,932 | +14.6% |
| Distributable reserves | 133 | €157,239 | €180,171 | +€22,932 | +14.6% |
| Amounts payable | 17/49 | €227,548 | €237,997 | +€10,449 | +4.6% |
| Amounts payable after more than one year | 17 | €22,917 | €54,039 | +€31,122 | +136% |
| Financial debts | 170/4 | €22,917 | €54,039 | +€31,122 | +136% |
| Amounts payable within one year | 42/48 | €204,631 | €183,959 | -€20,673 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €5,351 | €14,600 | +€9,249 | +173% |
| Trade debts | 44 | €135,939 | €89,826 | -€46,113 | -33.9% |
| Suppliers | 440/4 | €135,939 | €89,826 | -€46,113 | -33.9% |
| Taxes, remuneration and social security | 45 | €63,342 | €79,533 | +€16,191 | +25.6% |
| Taxes | 450/3 | €63,342 | €74,457 | +€11,114 | +17.5% |
| Remuneration and social security | 454/9 | - | €5,076 | +€5,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,326 | €11,043 | +€717 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,565 | €4,280 | +€715 | +20.1% |
| Non-recurring operating charges | 66A | - | €24,448 | +€24,448 | |
| Gross operating margin | 9900 | €241,510 | €78,965 | -€162,545 | -67.3% |
| Operating profit (loss) | 9901 | €227,619 | €39,194 | -€188,426 | -82.8% |
| Financial income | 75/76B | €2,247 | €6,351 | +€4,104 | +183% |
| Recurring financial income | 75 | €2,247 | €6,351 | +€4,104 | +183% |
| Financial charges | 65/66B | €9,285 | €11,498 | +€2,213 | +23.8% |
| Recurring financial charges | 65 | €8,915 | €10,775 | +€1,859 | +20.9% |
| Non-recurring financial charges | 66B | €370 | €724 | +€354 | +95.5% |
| Profit (loss) for the period before taxes | 9903 | €220,581 | €34,047 | -€186,534 | -84.6% |
| Income taxes | 67/77 | €63,342 | €11,114 | -€52,228 | -82.5% |
| Profit (loss) for the period | 9904 | €157,239 | €22,932 | -€134,306 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €157,239 | €22,932 | -€134,306 | -85.4% |
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 22 October 2026 via checked.be.