Valajo: 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.
Valajo
Largest movements
- Financial fixed assets +€98,000
up €98,000 (+12,727%), from €770 to €98,770
- Debts after one year +€68,859
up €68,859 (+372%), from €18,518 to €87,376
- Profit (loss) carried forward -€50,000
down €50,000 (-91.2%), from €54,804 to €4,804
- Reserves +€36,615
up €36,615 (+154%), from €23,773 to €60,388
- Current portion of long-term debt +€18,481
up €18,481 (+201%), from €9,185 to €27,666
- Tax, wage and social debts +€14,196
up €14,196 (+47.8%), from €29,678 to €43,873
- Gross operating margin +€58,220
up €58,220 (+154%), from €37,732 to €95,952
- Taxes +€19,308
up €19,308 (+236%), from €8,193 to €27,501
- Other operating charges +€7,671
up €7,671 (+55.9%), from €13,723 to €21,395
- Financial charges +€3,440
up €3,440 (+62.3%), from €5,520 to €8,960
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 | €156,994 | €253,120 | +€96,125 | +61.2% |
| Fixed assets | 21/28 | €87,130 | €183,412 | +€96,282 | +111% |
| Tangible fixed assets | 22/27 | €86,360 | €84,642 | -€1,718 | -2.0% |
| Land and buildings | 22 | €86,360 | €83,498 | -€2,862 | -3.3% |
| Plant, machinery and equipment | 23 | €0 | €1,144 | +€1,144 | |
| Financial fixed assets | 28 | €770 | €98,770 | +€98,000 | +12,727% |
| Current assets | 29/58 | €69,865 | €69,708 | -€157 | -0.2% |
| Amounts receivable within one year | 40/41 | €68,688 | €68,848 | +€160 | +0.2% |
| Trade receivables | 40 | €35,859 | €36,841 | +€982 | +2.7% |
| Other amounts receivable | 41 | €32,829 | €32,007 | -€822 | -2.5% |
| Cash at bank and in hand | 54/58 | €1,177 | €506 | -€671 | -57.0% |
| Deferred charges and accrued income | 490/1 | - | €354 | +€354 | |
| Total equity and liabilities | 10/49 | €156,994 | €253,120 | +€96,125 | +61.2% |
| Equity | 10/15 | €97,177 | €83,792 | -€13,385 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,773 | €60,388 | +€36,615 | +154% |
| Distributable reserves | 133 | €23,773 | €60,388 | +€36,615 | +154% |
| Profit (loss) carried forward | 14 | €54,804 | €4,804 | -€50,000 | -91.2% |
| Amounts payable | 17/49 | €59,818 | €169,328 | +€109,510 | +183% |
| Amounts payable after more than one year | 17 | €18,518 | €87,376 | +€68,859 | +372% |
| Financial debts | 170/4 | €18,518 | €87,376 | +€68,859 | +372% |
| Amounts payable within one year | 42/48 | €41,300 | €81,952 | +€40,652 | +98.4% |
| Current portion of amounts payable after more than one year | 42 | €9,185 | €27,666 | +€18,481 | +201% |
| Financial debts | 43 | - | €3,590 | +€3,590 | |
| Credit institutions | 430/8 | - | €3,590 | +€3,590 | |
| Trade debts | 44 | €2,437 | €6,822 | +€4,385 | +180% |
| Suppliers | 440/4 | €2,437 | €6,822 | +€4,385 | +180% |
| Taxes, remuneration and social security | 45 | €29,678 | €43,873 | +€14,196 | +47.8% |
| Taxes | 450/3 | €29,678 | €43,873 | +€14,196 | +47.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,113 | €3,238 | +€125 | +4.0% |
| Other operating charges | 640/8 | €13,723 | €21,395 | +€7,671 | +55.9% |
| Gross operating margin | 9900 | €37,732 | €95,952 | +€58,220 | +154% |
| Operating profit (loss) | 9901 | €20,896 | €71,319 | +€50,424 | +241% |
| Financial income | 75/76B | €995 | €1,757 | +€762 | +76.6% |
| Recurring financial income | 75 | €995 | €1,757 | +€762 | +76.6% |
| Financial charges | 65/66B | €5,520 | €8,960 | +€3,440 | +62.3% |
| Recurring financial charges | 65 | €5,520 | €8,960 | +€3,440 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €16,371 | €64,116 | +€47,746 | +292% |
| Income taxes | 67/77 | €8,193 | €27,501 | +€19,308 | +236% |
| Profit (loss) for the period | 9904 | €8,177 | €36,615 | +€28,438 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €8,177 | €36,615 | +€28,438 | +348% |
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.