VALAH CONCEPT: 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.
VALAH CONCEPT
Largest movements
- Receivables within one year +€8,800
up €8,800 (+9.9%), from €88,863 to €97,663
of which Trade receivables: +€13,163
- Cash +€3,668
up €3,668 (+3135.3%), from €117 to €3,785
mainly Tax, wage and social debts (+€12,464) and Depreciation (+€3,453)
- Tangible fixed assets -€3,454
down €3,454 (-49.8%), from €6,929 to €3,475
- Tax, wage and social debts +€12,464
up €12,464 (+83.6%), from €14,915 to €27,379
of which Remuneration and social security: +€7,822
- Profit (loss) carried forward -€2,709
down €2,709 (-6.7%), from €40,230 to €37,521
- Trade debts -€1,774
down €1,774 (-21.4%), from €8,295 to €6,521
- Other debts +€1,161
new in 2024: €1,161
- Gross operating margin -€5,943
down €5,943 (-18.2%), from €32,713 to €26,770
- Staff costs -€3,134
down €3,134 (-13.1%), from €23,967 to €20,833
- Taxes -€2,199
down €2,199 (-62.9%), from €3,494 to €1,295
- Other operating charges +€2,101
up €2,101 (+135.7%), from €1,548 to €3,649
- Financial charges +€1,847
up €1,847 (+161.3%), from €1,145 to €2,992
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.
Cash bridge derived
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 | €97,310 | €106,357 | +€9,047 | +9.3% |
| Fixed assets | 21/28 | €6,929 | €3,475 | -€3,454 | -49.8% |
| Tangible fixed assets | 22/27 | €6,929 | €3,475 | -€3,454 | -49.8% |
| Furniture and vehicles | 24 | €6,929 | €3,475 | -€3,454 | -49.8% |
| Current assets | 29/58 | €90,381 | €102,882 | +€12,501 | +13.8% |
| Amounts receivable within one year | 40/41 | €88,863 | €97,663 | +€8,800 | +9.9% |
| Trade receivables | 40 | €84,500 | €97,663 | +€13,163 | +15.6% |
| Other amounts receivable | 41 | €4,363 | - | -€4,363 | |
| Cash at bank and in hand | 54/58 | €117 | €3,785 | +€3,668 | +3135.3% |
| Deferred charges and accrued income | 490/1 | €1,401 | €1,434 | +€33 | +2.3% |
| Total equity and liabilities | 10/49 | €97,310 | €106,357 | +€9,047 | +9.3% |
| Equity | 10/15 | €73,800 | €71,091 | -€2,709 | -3.7% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €14,870 | €14,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,870 | €1,870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,870 | €1,870 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,230 | €37,521 | -€2,709 | -6.7% |
| Amounts payable | 17/49 | €23,510 | €35,266 | +€11,756 | +50.0% |
| Amounts payable within one year | 42/48 | €23,210 | €35,061 | +€11,851 | +51.1% |
| Trade debts | 44 | €8,295 | €6,521 | -€1,774 | -21.4% |
| Suppliers | 440/4 | €8,295 | €6,521 | -€1,774 | -21.4% |
| Taxes, remuneration and social security | 45 | €14,915 | €27,379 | +€12,464 | +83.6% |
| Taxes | 450/3 | €9,373 | €14,016 | +€4,643 | +49.5% |
| Remuneration and social security | 454/9 | €5,542 | €13,364 | +€7,822 | +141.1% |
| Other amounts payable | 47/48 | - | €1,161 | +€1,161 | |
| Accrued charges and deferred income | 492/3 | €300 | €205 | -€95 | -31.7% |
| Remuneration, social security and pensions | 62 | €23,967 | €20,833 | -€3,134 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,609 | €3,453 | +€1,844 | +114.6% |
| Other operating charges | 640/8 | €1,548 | €3,649 | +€2,101 | +135.7% |
| Gross operating margin | 9900 | €32,713 | €26,770 | -€5,943 | -18.2% |
| Operating profit (loss) | 9901 | €5,589 | -€1,166 | -€6,755 | |
| Financial income | 75/76B | €2,522 | €2,743 | +€221 | +8.8% |
| Recurring financial income | 75 | €2,522 | €2,743 | +€221 | +8.8% |
| Financial charges | 65/66B | €1,145 | €2,992 | +€1,847 | +161.3% |
| Recurring financial charges | 65 | €1,145 | €2,992 | +€1,847 | +161.3% |
| Profit (loss) for the period before taxes | 9903 | €6,966 | -€1,414 | -€8,380 | |
| Income taxes | 67/77 | €3,494 | €1,295 | -€2,199 | -62.9% |
| Profit (loss) for the period | 9904 | €3,472 | -€2,709 | -€6,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,472 | -€2,709 | -€6,181 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.