VALA BVBA: 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.
VALA BVBA
Largest movements
- Receivables within one year -€26,159
down €26,159 (-20.7%), from €126,455 to €100,296
of which Trade receivables: -€26,455
- Profit (loss) carried forward -€27,975
down €27,975 (-8.2%), from -€342,686 to -€370,661
- Trade debts +€9,711
new in 2025: €9,711
- Other debts -€4,804
down €4,804 (-1.5%), from €313,923 to €309,119
- Tax, wage and social debts -€3,828
down €3,828 (-93.8%), from €4,080 to €252
- Financial charges -€233,654
down €233,654 (-99.5%), from €234,827 to €1,172
of which Non-recurring financial charges: -€233,600
- Write-downs -€117,468
no longer reported in 2025 (was €117,468)
- Gross operating margin -€36,893
down €36,893, from €12,653 to -€24,240
- Other operating charges +€444
up €444 (+51.0%), from €870 to €1,315
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 | €132,618 | €105,722 | -€26,896 | -20.3% |
| Fixed assets | 21/28 | €5,080 | €4,084 | -€996 | -19.6% |
| Tangible fixed assets | 22/27 | €4,980 | €3,984 | -€996 | -20.0% |
| Other tangible fixed assets | 26 | €4,980 | €3,984 | -€996 | -20.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €127,539 | €101,638 | -€25,900 | -20.3% |
| Amounts receivable within one year | 40/41 | €126,455 | €100,296 | -€26,159 | -20.7% |
| Trade receivables | 40 | €26,455 | - | -€26,455 | |
| Other amounts receivable | 41 | €100,000 | €100,296 | +€296 | +0.3% |
| Cash at bank and in hand | 54/58 | €1,084 | €1,342 | +€259 | +23.9% |
| Total equity and liabilities | 10/49 | €132,618 | €105,722 | -€26,896 | -20.3% |
| Equity | 10/15 | -€234,985 | -€262,960 | -€27,975 | -11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,101 | €89,101 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €87,241 | €87,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,686 | -€370,661 | -€27,975 | -8.2% |
| Amounts payable | 17/49 | €367,603 | €368,682 | +€1,078 | +0.3% |
| Amounts payable after more than one year | 17 | €49,600 | €49,600 | = | 0.0% |
| Financial debts | 170/4 | €49,600 | €49,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €318,003 | €319,082 | +€1,078 | +0.3% |
| Trade debts | 44 | - | €9,711 | +€9,711 | |
| Suppliers | 440/4 | - | €9,711 | +€9,711 | |
| Taxes, remuneration and social security | 45 | €4,080 | €252 | -€3,828 | -93.8% |
| Taxes | 450/3 | €4,080 | €252 | -€3,828 | -93.8% |
| Other amounts payable | 47/48 | €313,923 | €309,119 | -€4,804 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €996 | €996 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €117,468 | - | -€117,468 | |
| Other operating charges | 640/8 | €870 | €1,315 | +€444 | +51.0% |
| Gross operating margin | 9900 | €12,653 | -€24,240 | -€36,893 | |
| Operating profit (loss) | 9901 | -€106,681 | -€26,550 | +€80,130 | +75.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €234,827 | €1,172 | -€233,654 | -99.5% |
| Recurring financial charges | 65 | €1,227 | €1,172 | -€54 | -4.4% |
| Non-recurring financial charges | 66B | €233,600 | - | -€233,600 | |
| Profit (loss) for the period before taxes | 9903 | -€341,507 | -€27,722 | +€313,785 | +91.9% |
| Income taxes | 67/77 | €258 | €252 | -€6 | -2.3% |
| Profit (loss) for the period | 9904 | -€341,765 | -€27,975 | +€313,791 | +91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€341,765 | -€27,975 | +€313,791 | +91.8% |
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 16 October 2026 via checked.be.