VALADIS: what changed
Two fiscal 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.
What changed
VALADIS
NACE 52.100, Warehousing and storage
fiscal year 2024 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€78,062
2024 · -€195,711+€117,649
Equity
€9.9m
2024 · €1.7m+€8.2m
Cash
€202,225
2024 · €311+€201,914
Balance sheet total
€20.9m
2024 · €3.5m+€17.3m
Largest movements
Assets
- Financial fixed assets +€8.7m
new in 2025: €8.7m
- Tangible fixed assets +€7.8m
up €7.8m (+288.8%), from €2.7m to €10.5m
of which Land and buildings: +€7.9m
- Receivables within one year +€701,994
up €701,994 (+123.7%), from €567,545 to €1.3m
of which Other amounts receivable: +€1.0m
Equity and liabilities
- Debts after one year +€9.0m
up €9.0m (+1639.2%), from €550,875 to €9.6m
- Revaluation surpluses +€8.3m
up €8.3m (+4151.7%), from €199,471 to €8.5m
- Trade debts -€336,418
down €336,418 (-70.1%), from €480,085 to €143,667
- Current portion of long-term debt +€317,872
up €317,872 (+79.9%), from €397,639 to €715,511
Income statement
- Turnover +€5.6m
new in 2025: €5.6m
- Gross operating margin -€2.5m
no longer reported in 2025 (was €2.5m)
- Services and other goods +€1.6m
new in 2025: €1.6m
- Staff costs +€930,295
up €930,295 (+42.1%), from €2.2m to €3.1m
- Financial income -€171,376
down €171,376 (-67.5%), from €253,750 to €82,375
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.
Result 2024
-€195,711
Turnover
+€5.6m
Other operating income
+€59,183
Goods and materials
-€7,204
Services and other goods
-€1.6m
Staff costs
-€930,295
Depreciation
-€87,707
Other operating charges
-€102,254
Other operating items
-€2.5m
Financial income
-€171,376
Financial charges
-€94,639
Taxes
+€21
Result 2025
-€78,062
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,504,556 | €20,851,953 | +€17.3m | +495.0% |
| Fixed assets | 21/28 | €2,916,991 | €19,376,234 | +€16.5m | +564.3% |
| Intangible fixed assets | 21 | €213,928 | €172,167 | -€41,762 | -19.5% |
| Tangible fixed assets | 22/27 | €2,703,063 | €10,509,067 | +€7.8m | +288.8% |
| Land and buildings | 22 | €2,099,666 | €9,975,500 | +€7.9m | +375.1% |
| Plant, machinery and equipment | 23 | €424,301 | €531,236 | +€106,936 | +25.2% |
| Furniture and vehicles | 24 | €179,097 | €2,331 | -€176,766 | -98.7% |
| Financial fixed assets | 28 | - | €8,695,000 | +€8.7m | |
| Affiliated companies | 280/1 | - | €8,695,000 | +€8.7m | |
| Participating interests | 280 | - | €8,695,000 | +€8.7m | |
| Current assets | 29/58 | €587,565 | €1,475,719 | +€888,154 | +151.2% |
| Amounts receivable within one year | 40/41 | €567,545 | €1,269,539 | +€701,994 | +123.7% |
| Trade receivables | 40 | €401,444 | €73,814 | -€327,631 | -81.6% |
| Other amounts receivable | 41 | €166,101 | €1,195,726 | +€1.0m | +619.9% |
| Cash at bank and in hand | 54/58 | €311 | €202,225 | +€201,914 | +65024.6% |
| Deferred charges and accrued income | 490/1 | €19,709 | €3,955 | -€15,755 | -79.9% |
| Total equity and liabilities | 10/49 | €3,504,556 | €20,851,953 | +€17.3m | +495.0% |
| Equity | 10/15 | €1,676,632 | €9,880,051 | +€8.2m | +489.3% |
| Contributions | 10/11 | €560,000 | €560,000 | = | 0.0% |
| Capital | 10 | €560,000 | €560,000 | = | 0.0% |
| Issued capital | 100 | €560,000 | €560,000 | = | 0.0% |
| Revaluation surpluses | 12 | €199,471 | €8,480,952 | +€8.3m | +4151.7% |
| Reserves | 13 | €1,097,000 | €1,097,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,000 | €56,000 | = | 0.0% |
| Legal reserve | 130 | €56,000 | €56,000 | = | 0.0% |
| Distributable reserves | 133 | €1,041,000 | €1,041,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,840 | -€257,901 | -€78,062 | -43.4% |
| Amounts payable | 17/49 | €1,827,924 | €10,971,902 | +€9.1m | +500.2% |
| Amounts payable after more than one year | 17 | €550,875 | €9,580,660 | +€9.0m | +1639.2% |
| Financial debts | 170/4 | €550,875 | €9,580,660 | +€9.0m | +1639.2% |
| Credit institutions | 173 | - | €7,416,375 | +€7.4m | |
| Other loans | 174 | - | €2,164,285 | +€2.2m | |
| Amounts payable within one year | 42/48 | €1,277,049 | €1,391,242 | +€114,193 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €397,639 | €715,511 | +€317,872 | +79.9% |
| Financial debts | 43 | - | €203,865 | +€203,865 | |
| Credit institutions | 430/8 | - | €203,865 | +€203,865 | |
| Trade debts | 44 | €480,085 | €143,667 | -€336,418 | -70.1% |
| Suppliers | 440/4 | €480,085 | €143,667 | -€336,418 | -70.1% |
| Taxes, remuneration and social security | 45 | €291,352 | €328,199 | +€36,846 | +12.6% |
| Taxes | 450/3 | €186 | €99,917 | +€99,731 | +53563.8% |
| Remuneration and social security | 454/9 | €291,166 | €228,282 | -€62,884 | -21.6% |
| Other amounts payable | 47/48 | €107,973 | - | -€107,973 | |
| Operating income | 70/76A | - | €5,629,394 | +€5.6m | |
| Turnover | 70 | - | €5,570,140 | +€5.6m | |
| Other operating income | 74 | - | €59,183 | +€59,183 | |
| Non-recurring operating income | 76A | - | €72 | +€72 | |
| Operating charges | 60/66A | - | €5,542,171 | +€5.5m | |
| Goods for resale, raw materials and consumables | 60 | - | €7,204 | +€7,204 | |
| Purchases | 600/8 | - | €7,204 | +€7,204 | |
| Services and other goods | 61 | - | €1,622,566 | +€1.6m | |
| Remuneration, social security and pensions | 62 | €2,212,255 | €3,142,550 | +€930,295 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452,256 | €539,963 | +€87,707 | +19.4% |
| Other operating charges | 640/8 | €127,634 | €229,887 | +€102,254 | +80.1% |
| Gross operating margin | 9900 | €2,495,726 | - | -€2.5m | |
| Operating profit (loss) | 9901 | -€296,419 | €87,224 | +€383,643 | |
| Financial income | 75/76B | €253,750 | €82,375 | -€171,376 | -67.5% |
| Recurring financial income | 75 | €253,750 | €82,375 | -€171,376 | -67.5% |
| Income from current assets | 751 | - | €78,657 | +€78,657 | |
| Other financial income | 752/9 | - | €3,718 | +€3,718 | |
| Financial charges | 65/66B | €152,857 | €247,496 | +€94,639 | +61.9% |
| Recurring financial charges | 65 | €150,293 | €206,630 | +€56,337 | +37.5% |
| Debt charges | 650 | - | €190,914 | +€190,914 | |
| Other financial charges | 652/9 | - | €15,715 | +€15,715 | |
| Non-recurring financial charges | 66B | €2,564 | €40,866 | +€38,302 | +1494.0% |
| Profit (loss) for the period before taxes | 9903 | -€195,525 | -€77,897 | +€117,628 | +60.2% |
| Income taxes | 67/77 | €186 | €165 | -€21 | -11.4% |
| Taxes | 670/3 | - | €165 | +€165 | |
| Profit (loss) for the period | 9904 | -€195,711 | -€78,062 | +€117,649 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€195,711 | -€78,062 | +€117,649 | +60.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.