VAL-TRANSPARANT: 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-TRANSPARANT
Largest movements
- Tangible fixed assets -€8,340
down €8,340 (-30.4%), from €27,449 to €19,110
- Receivables within one year -€621
down €621 (-2.8%), from €22,408 to €21,788
- Debts after one year -€13,671
down €13,671 (-61.5%), from €22,217 to €8,546
- Profit (loss) carried forward +€2,835
up €2,835 (+9.6%), from -€29,529 to -€26,694
- Trade debts +€1,084
up €1,084 (+55.3%), from €1,959 to €3,043
- Current portion of long-term debt +€792
up €792 (+6.1%), from €12,990 to €13,782
- Gross operating margin +€12,434
up €12,434 (+263%), from €4,729 to €17,164
- Depreciation +€664
up €664 (+6.0%), from €10,997 to €11,661
- Financial income +€178
up €178 (+52.0%), from €342 to €519
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,020 | €41,060 | -€8,960 | -17.9% |
| Fixed assets | 21/28 | €27,449 | €19,110 | -€8,340 | -30.4% |
| Tangible fixed assets | 22/27 | €27,449 | €19,110 | -€8,340 | -30.4% |
| Land and buildings | 22 | €27,449 | €19,110 | -€8,340 | -30.4% |
| Current assets | 29/58 | €22,571 | €21,950 | -€621 | -2.8% |
| Amounts receivable within one year | 40/41 | €22,408 | €21,788 | -€621 | -2.8% |
| Other amounts receivable | 41 | €22,408 | €21,788 | -€621 | -2.8% |
| Cash at bank and in hand | 54/58 | €45 | €38 | -€7 | -15.7% |
| Deferred charges and accrued income | 490/1 | €118 | €125 | +€7 | +5.8% |
| Total equity and liabilities | 10/49 | €50,020 | €41,060 | -€8,960 | -17.9% |
| Equity | 10/15 | €12,854 | €15,689 | +€2,835 | +22.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,383 | €22,383 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €20,383 | €20,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,529 | -€26,694 | +€2,835 | +9.6% |
| Amounts payable | 17/49 | €37,166 | €25,371 | -€11,795 | -31.7% |
| Amounts payable after more than one year | 17 | €22,217 | €8,546 | -€13,671 | -61.5% |
| Financial debts | 170/4 | €22,217 | €8,546 | -€13,671 | -61.5% |
| Amounts payable within one year | 42/48 | €14,949 | €16,825 | +€1,876 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €12,990 | €13,782 | +€792 | +6.1% |
| Trade debts | 44 | €1,959 | €3,043 | +€1,084 | +55.3% |
| Suppliers | 440/4 | €1,959 | €3,043 | +€1,084 | +55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,997 | €11,661 | +€664 | +6.0% |
| Other operating charges | 640/8 | €947 | €991 | +€43 | +4.6% |
| Gross operating margin | 9900 | €4,729 | €17,164 | +€12,434 | +263% |
| Operating profit (loss) | 9901 | -€7,215 | €4,511 | +€11,727 | |
| Financial income | 75/76B | €342 | €519 | +€178 | +52.0% |
| Recurring financial income | 75 | €342 | €519 | +€178 | +52.0% |
| Financial charges | 65/66B | €2,081 | €2,196 | +€115 | +5.5% |
| Recurring financial charges | 65 | €2,081 | €2,196 | +€115 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,955 | €2,835 | +€11,789 | |
| Profit (loss) for the period | 9904 | -€8,955 | €2,835 | +€11,789 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,955 | €2,835 | +€11,789 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.