VALA LOGISTIC: 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 LOGISTIC
Largest movements
- Tangible fixed assets +€33,549
up €33,549 (+1.8%), from €1.9m to €1.9m
- Debts after one year -€128,515
down €128,515 (-15.3%), from €840,119 to €711,604
- Trade debts +€77,006
up €77,006 (+21.8%), from €352,740 to €429,746
- Profit (loss) carried forward +€36,411
up €36,411 (+71.9%), from -€50,628 to -€14,216
- Other debts +€31,062
up €31,062 (+18.6%), from €166,790 to €197,852
- Financial income -€38,544
no longer reported in 2025 (was €38,544)
- Gross operating margin +€10,736
up €10,736 (+6.5%), from €165,313 to €176,049
- Depreciation +€4,707
up €4,707 (+4.7%), from €99,252 to €103,959
- Other operating charges +€2,361
up €2,361 (+32.0%), from €7,378 to €9,739
- Financial charges -€1,969
down €1,969 (-7.1%), from €27,907 to €25,939
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 | €2,555,195 | €2,591,283 | +€36,088 | +1.4% |
| Formation expenses | 20 | €230 | - | -€230 | |
| Fixed assets | 21/28 | €2,515,940 | €2,549,489 | +€33,549 | +1.3% |
| Tangible fixed assets | 22/27 | €1,875,940 | €1,909,489 | +€33,549 | +1.8% |
| Land and buildings | 22 | €1,875,940 | €1,909,489 | +€33,549 | +1.8% |
| Financial fixed assets | 28 | €640,000 | €640,000 | = | 0.0% |
| Current assets | 29/58 | €39,026 | €41,794 | +€2,768 | +7.1% |
| Amounts receivable within one year | 40/41 | €28,562 | €27,948 | -€613 | -2.1% |
| Trade receivables | 40 | €27,599 | €27,198 | -€401 | -1.5% |
| Other amounts receivable | 41 | €963 | €750 | -€213 | -22.1% |
| Cash at bank and in hand | 54/58 | €10,106 | €13,470 | +€3,364 | +33.3% |
| Deferred charges and accrued income | 490/1 | €358 | €376 | +€18 | +4.9% |
| Total equity and liabilities | 10/49 | €2,555,195 | €2,591,283 | +€36,088 | +1.4% |
| Equity | 10/15 | €149,372 | €185,784 | +€36,411 | +24.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,628 | -€14,216 | +€36,411 | +71.9% |
| Amounts payable | 17/49 | €2,405,823 | €2,405,499 | -€323 | 0.0% |
| Amounts payable after more than one year | 17 | €840,119 | €711,604 | -€128,515 | -15.3% |
| Financial debts | 170/4 | €840,119 | €711,604 | -€128,515 | -15.3% |
| Amounts payable within one year | 42/48 | €1,565,704 | €1,693,895 | +€128,192 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €126,472 | €128,515 | +€2,043 | +1.6% |
| Financial debts | 43 | €912,261 | €922,011 | +€9,750 | +1.1% |
| Other loans | 439 | €912,261 | €922,011 | +€9,750 | +1.1% |
| Trade debts | 44 | €352,740 | €429,746 | +€77,006 | +21.8% |
| Suppliers | 440/4 | €352,740 | €429,746 | +€77,006 | +21.8% |
| Taxes, remuneration and social security | 45 | €7,441 | €15,772 | +€8,331 | +112% |
| Taxes | 450/3 | €7,441 | €15,772 | +€8,331 | +112% |
| Other amounts payable | 47/48 | €166,790 | €197,852 | +€31,062 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,252 | €103,959 | +€4,707 | +4.7% |
| Other operating charges | 640/8 | €7,378 | €9,739 | +€2,361 | +32.0% |
| Gross operating margin | 9900 | €165,313 | €176,049 | +€10,736 | +6.5% |
| Operating profit (loss) | 9901 | €58,683 | €62,350 | +€3,667 | +6.2% |
| Financial income | 75/76B | €38,544 | - | -€38,544 | |
| Recurring financial income | 75 | €38,544 | - | -€38,544 | |
| Financial charges | 65/66B | €27,907 | €25,939 | -€1,969 | -7.1% |
| Recurring financial charges | 65 | €27,907 | €25,939 | -€1,969 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €69,320 | €36,411 | -€32,908 | -47.5% |
| Profit (loss) for the period | 9904 | €69,320 | €36,411 | -€32,908 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,320 | €36,411 | -€32,908 | -47.5% |
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 15 October 2026 via checked.be.