VALADRI: 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.
VALADRI
Largest movements
- Receivables within one year +€21,530
up €21,530 (+216.2%), from €9,959 to €31,489
of which Trade receivables: +€21,423
- Cash -€9,425
down €9,425 (-41.9%), from €22,509 to €13,084
mainly Receivables within one year (-€21,530) and Tax, wage and social debts (-€5,148)
- Profit (loss) carried forward +€21,345
up €21,345 (+296.3%), from €7,204 to €28,549
- Tax, wage and social debts -€5,148
down €5,148 (-39.0%), from €13,190 to €8,042
of which Remuneration and social security: -€5,126
- Trade debts -€2,097
down €2,097 (-100.0%), from €2,097 to €0
- Other debts -€2,010
down €2,010 (-27.9%), from €7,207 to €5,197
- Gross operating margin +€19,020
up €19,020 (+166.5%), from €11,426 to €30,446
- Taxes +€3,929
up €3,929 (+135.5%), from €2,900 to €6,829
- Other operating charges +€941
up €941 (+242.9%), from €387 to €1,328
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 | €32,697 | €44,787 | +€12,090 | +37.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €32,697 | €44,787 | +€12,090 | +37.0% |
| Amounts receivable within one year | 40/41 | €9,959 | €31,489 | +€21,530 | +216.2% |
| Trade receivables | 40 | €9,877 | €31,301 | +€21,423 | +216.9% |
| Other amounts receivable | 41 | €81 | €188 | +€107 | +131.3% |
| Cash at bank and in hand | 54/58 | €22,509 | €13,084 | -€9,425 | -41.9% |
| Deferred charges and accrued income | 490/1 | €229 | €214 | -€15 | -6.5% |
| Total equity and liabilities | 10/49 | €32,697 | €44,787 | +€12,090 | +37.0% |
| Equity | 10/15 | €10,204 | €31,549 | +€21,345 | +209.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,204 | €28,549 | +€21,345 | +296.3% |
| Amounts payable | 17/49 | €22,493 | €13,239 | -€9,254 | -41.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,493 | €13,239 | -€9,254 | -41.1% |
| Trade debts | 44 | €2,097 | €0 | -€2,097 | -100.0% |
| Suppliers | 440/4 | €2,097 | - | -€2,097 | |
| Taxes, remuneration and social security | 45 | €13,190 | €8,042 | -€5,148 | -39.0% |
| Taxes | 450/3 | €8,063 | €8,042 | -€22 | -0.3% |
| Remuneration and social security | 454/9 | €5,126 | €0 | -€5,126 | -100.0% |
| Other amounts payable | 47/48 | €7,207 | €5,197 | -€2,010 | -27.9% |
| Other operating charges | 640/8 | €387 | €1,328 | +€941 | +242.9% |
| Gross operating margin | 9900 | €11,426 | €30,446 | +€19,020 | +166.5% |
| Operating profit (loss) | 9901 | €11,038 | €29,118 | +€18,080 | +163.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1210.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1210.0% |
| Financial charges | 65/66B | €75 | €87 | +€12 | +15.5% |
| Recurring financial charges | 65 | €75 | €87 | +€12 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €10,963 | €29,032 | +€18,069 | +164.8% |
| Income taxes | 67/77 | €2,900 | €6,829 | +€3,929 | +135.5% |
| Profit (loss) for the period | 9904 | €8,063 | €22,204 | +€14,141 | +175.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,063 | €22,204 | +€14,141 | +175.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.