VALAIR: 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.
VALAIR
Largest movements
- Cash +€14,273
up €14,273 (+18366.5%), from €78 to €14,350
mainly Other debts (+€20,302) and Net result for the year (+€1,995)
- Receivables within one year +€10,332
up €10,332 (+5644.8%), from €183 to €10,515
of which Trade receivables: +€10,511
- Other debts +€20,302
up €20,302 (+19903.9%), from €102 to €20,404
- Profit (loss) carried forward +€1,995
up €1,995 (+40.0%), from -€4,982 to -€2,987
- Trade debts +€1,552
up €1,552 (+1104.3%), from €141 to €1,692
- Tax, wage and social debts +€698
new in 2025: €698
- Gross operating margin +€3,005
up €3,005, from -€909 to €2,096
- Other operating charges -€141
down €141 (-100.0%), from €141 to €0
- Financial charges +€106
up €106 (+272.5%), from €39 to €145
- Financial income +€36
up €36 (+438.8%), from €8 to €44
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 | €261 | €24,866 | +€24,605 | +9436.2% |
| Current assets | 29/58 | €261 | €24,866 | +€24,605 | +9436.2% |
| Amounts receivable within one year | 40/41 | €183 | €10,515 | +€10,332 | +5644.8% |
| Trade receivables | 40 | - | €10,511 | +€10,511 | |
| Other amounts receivable | 41 | €183 | €4 | -€179 | -97.6% |
| Cash at bank and in hand | 54/58 | €78 | €14,350 | +€14,273 | +18366.5% |
| Total equity and liabilities | 10/49 | €261 | €24,866 | +€24,605 | +9436.2% |
| Equity | 10/15 | €18 | €2,013 | +€1,995 | +10929.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,982 | -€2,987 | +€1,995 | +40.0% |
| Amounts payable | 17/49 | €243 | €22,853 | +€22,610 | +9323.8% |
| Amounts payable within one year | 42/48 | €243 | €22,794 | +€22,552 | +9299.7% |
| Trade debts | 44 | €141 | €1,692 | +€1,552 | +1104.3% |
| Suppliers | 440/4 | €141 | €1,692 | +€1,552 | +1104.3% |
| Taxes, remuneration and social security | 45 | - | €698 | +€698 | |
| Taxes | 450/3 | - | €698 | +€698 | |
| Other amounts payable | 47/48 | €102 | €20,404 | +€20,302 | +19903.9% |
| Accrued charges and deferred income | 492/3 | - | €58 | +€58 | |
| Other operating charges | 640/8 | €141 | €0 | -€141 | -100.0% |
| Gross operating margin | 9900 | -€909 | €2,096 | +€3,005 | |
| Operating profit (loss) | 9901 | -€1,050 | €2,096 | +€3,145 | |
| Financial income | 75/76B | €8 | €44 | +€36 | +438.8% |
| Recurring financial income | 75 | €8 | €44 | +€36 | +438.8% |
| Financial charges | 65/66B | €39 | €145 | +€106 | +272.5% |
| Recurring financial charges | 65 | €39 | €145 | +€106 | +272.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,081 | €1,995 | +€3,075 | |
| Profit (loss) for the period | 9904 | -€1,081 | €1,995 | +€3,075 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,081 | €1,995 | +€3,075 |
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 9 October 2026 via checked.be.