Val & Me: 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 & Me
Largest movements
- Cash +€100,725
up €100,725 (+66.7%), from €151,110 to €251,835
mainly Net result for the year (+€64,780) and Receivables within one year (+€24,236)
- Receivables within one year -€24,236
down €24,236 (-75.9%), from €31,912 to €7,676
of which Trade receivables: -€24,305
- Tangible fixed assets -€13,227
down €13,227 (-29.2%), from €45,227 to €32,000
of which Furniture and vehicles: -€12,933
- Reserves +€64,780
up €64,780 (+111.5%), from €58,120 to €122,900
- Debts after one year -€10,505
no longer reported in 2025 (was €10,505)
- Trade debts +€6,851
up €6,851 (+535.3%), from €1,280 to €8,131
- Tax, wage and social debts +€5,720
up €5,720 (+15.7%), from €36,503 to €42,223
of which Taxes: +€6,120
- Gross operating margin +€13,976
up €13,976 (+14.3%), from €98,071 to €112,048
- Taxes +€4,783
up €4,783 (+21.6%), from €22,139 to €26,922
- Financial income -€1,142
down €1,142 (-76.2%), from €1,500 to €357
- Other operating charges -€1,139
down €1,139 (-21.7%), from €5,246 to €4,106
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 | €276,414 | €340,575 | +€64,161 | +23.2% |
| Fixed assets | 21/28 | €48,892 | €35,665 | -€13,227 | -27.1% |
| Tangible fixed assets | 22/27 | €45,227 | €32,000 | -€13,227 | -29.2% |
| Furniture and vehicles | 24 | €44,813 | €31,879 | -€12,933 | -28.9% |
| Other tangible fixed assets | 26 | €414 | €121 | -€293 | -70.9% |
| Financial fixed assets | 28 | €3,665 | €3,665 | = | 0.0% |
| Current assets | 29/58 | €227,523 | €304,911 | +€77,388 | +34.0% |
| Stocks and contracts in progress | 3 | €7,140 | €7,738 | +€598 | +8.4% |
| Stocks | 30/36 | €7,140 | €7,738 | +€598 | +8.4% |
| Amounts receivable within one year | 40/41 | €31,912 | €7,676 | -€24,236 | -75.9% |
| Trade receivables | 40 | €31,912 | €7,607 | -€24,305 | -76.2% |
| Other amounts receivable | 41 | - | €69 | +€69 | |
| Cash at bank and in hand | 54/58 | €151,110 | €251,835 | +€100,725 | +66.7% |
| Deferred charges and accrued income | 490/1 | €37,361 | €37,662 | +€301 | +0.8% |
| Total equity and liabilities | 10/49 | €276,414 | €340,575 | +€64,161 | +23.2% |
| Equity | 10/15 | €214,533 | €279,314 | +€64,780 | +30.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €58,120 | €122,900 | +€64,780 | +111.5% |
| Distributable reserves | 133 | €58,120 | €122,900 | +€64,780 | +111.5% |
| Profit (loss) carried forward | 14 | €150,113 | €150,113 | = | 0.0% |
| Amounts payable | 17/49 | €61,881 | €61,262 | -€619 | -1.0% |
| Amounts payable after more than one year | 17 | €10,505 | - | -€10,505 | |
| Financial debts | 170/4 | €10,505 | - | -€10,505 | |
| Amounts payable within one year | 42/48 | €49,311 | €61,262 | +€11,951 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €10,161 | €10,505 | +€344 | +3.4% |
| Trade debts | 44 | €1,280 | €8,131 | +€6,851 | +535.3% |
| Suppliers | 440/4 | €1,280 | €8,131 | +€6,851 | +535.3% |
| Taxes, remuneration and social security | 45 | €36,503 | €42,223 | +€5,720 | +15.7% |
| Taxes | 450/3 | €35,003 | €41,123 | +€6,120 | +17.5% |
| Remuneration and social security | 454/9 | €1,500 | €1,100 | -€400 | -26.7% |
| Other amounts payable | 47/48 | €1,367 | €403 | -€964 | -70.5% |
| Accrued charges and deferred income | 492/3 | €2,065 | - | -€2,065 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,783 | €15,703 | +€921 | +6.2% |
| Other operating charges | 640/8 | €5,246 | €4,106 | -€1,139 | -21.7% |
| Gross operating margin | 9900 | €98,071 | €112,048 | +€13,976 | +14.3% |
| Operating profit (loss) | 9901 | €78,043 | €92,239 | +€14,195 | +18.2% |
| Financial income | 75/76B | €1,500 | €357 | -€1,142 | -76.2% |
| Recurring financial income | 75 | €1,500 | €357 | -€1,142 | -76.2% |
| Financial charges | 65/66B | €1,174 | €894 | -€280 | -23.8% |
| Recurring financial charges | 65 | €1,174 | €894 | -€280 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €78,369 | €91,702 | +€13,333 | +17.0% |
| Income taxes | 67/77 | €22,139 | €26,922 | +€4,783 | +21.6% |
| Profit (loss) for the period | 9904 | €56,230 | €64,780 | +€8,550 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,230 | €64,780 | +€8,550 | +15.2% |
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.