VAL-LISE: 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-LISE
Largest movements
- Cash +€21,570
up €21,570 (+10.7%), from €200,837 to €222,407
mainly Net result for the year (+€18,338) and Other debts (+€12,863)
- Other debts +€12,863
up €12,863 (+37.9%), from €33,919 to €46,782
- Reserves +€6,338
up €6,338 (+4.6%), from €137,985 to €144,324
- Tax, wage and social debts +€2,369
up €2,369 (+150%), from €1,580 to €3,949
- Other operating charges -€9,866
down €9,866 (-29.7%), from €33,233 to €23,367
- Taxes +€788
up €788 (+49.9%), from €1,580 to €2,369
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 | €214,405 | €235,975 | +€21,570 | +10.1% |
| Current assets | 29/58 | €214,405 | €235,975 | +€21,570 | +10.1% |
| Amounts receivable within one year | 40/41 | €13,568 | €13,568 | = | 0.0% |
| Trade receivables | 40 | €13,568 | €13,568 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €200,837 | €222,407 | +€21,570 | +10.7% |
| Total equity and liabilities | 10/49 | €214,405 | €235,975 | +€21,570 | +10.1% |
| Equity | 10/15 | €178,905 | €185,244 | +€6,338 | +3.5% |
| Contributions | 10/11 | €40,920 | €40,920 | = | 0.0% |
| Reserves | 13 | €137,985 | €144,324 | +€6,338 | +4.6% |
| Distributable reserves | 133 | €137,985 | €144,324 | +€6,338 | +4.6% |
| Amounts payable | 17/49 | €35,500 | €50,731 | +€15,231 | +42.9% |
| Amounts payable within one year | 42/48 | €35,500 | €50,731 | +€15,231 | +42.9% |
| Taxes, remuneration and social security | 45 | €1,580 | €3,949 | +€2,369 | +150% |
| Taxes | 450/3 | €1,580 | €3,949 | +€2,369 | +150% |
| Other amounts payable | 47/48 | €33,919 | €46,782 | +€12,863 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245 | - | -€245 | |
| Other operating charges | 640/8 | €33,233 | €23,367 | -€9,866 | -29.7% |
| Gross operating margin | 9900 | €43,995 | €44,190 | +€196 | +0.4% |
| Operating profit (loss) | 9901 | €10,517 | €20,824 | +€10,307 | +98.0% |
| Financial charges | 65/66B | €104 | €116 | +€12 | +11.7% |
| Recurring financial charges | 65 | €104 | €116 | +€12 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €10,413 | €20,707 | +€10,295 | +98.9% |
| Income taxes | 67/77 | €1,580 | €2,369 | +€788 | +49.9% |
| Profit (loss) for the period | 9904 | €8,832 | €18,338 | +€9,506 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €8,832 | €18,338 | +€9,506 | +108% |
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 16 October 2026 via checked.be.