VALAN: 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.
VALAN
Largest movements
- Receivables within one year +€8,395
up €8,395 (+95.5%), from €8,794 to €17,189
of which Other amounts receivable: +€16,009
- Tangible fixed assets -€4,257
down €4,257 (-25.5%), from €16,696 to €12,439
of which Furniture and vehicles: -€3,860
- Cash -€3,611
down €3,611 (-13.7%), from €26,396 to €22,786
mainly Receivables within one year (-€8,395) and Trade debts (-€6,298)
- Deferred charges and accrued income -€1,114
down €1,114 (-39.0%), from €2,861 to €1,746
- Trade debts -€6,298
down €6,298 (-66.0%), from €9,550 to €3,251
- Profit (loss) carried forward +€4,992
up €4,992 (+17.5%), from €28,500 to €33,492
- Tax, wage and social debts +€1,175
up €1,175 (+7.5%), from €15,643 to €16,817
- Other operating charges +€1,085
up €1,085 (+107%), from €1,014 to €2,099
- Gross operating margin +€592
up €592 (+3.8%), from €15,432 to €16,025
- Depreciation +€172
up €172 (+4.2%), from €4,085 to €4,257
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 | €54,747 | €54,161 | -€586 | -1.1% |
| Fixed assets | 21/28 | €16,696 | €12,439 | -€4,257 | -25.5% |
| Tangible fixed assets | 22/27 | €16,696 | €12,439 | -€4,257 | -25.5% |
| Land and buildings | 22 | €1,742 | €1,345 | -€397 | -22.8% |
| Furniture and vehicles | 24 | €14,954 | €11,094 | -€3,860 | -25.8% |
| Current assets | 29/58 | €38,051 | €41,721 | +€3,670 | +9.6% |
| Amounts receivable within one year | 40/41 | €8,794 | €17,189 | +€8,395 | +95.5% |
| Trade receivables | 40 | €8,794 | €1,181 | -€7,613 | -86.6% |
| Other amounts receivable | 41 | - | €16,009 | +€16,009 | |
| Cash at bank and in hand | 54/58 | €26,396 | €22,786 | -€3,611 | -13.7% |
| Deferred charges and accrued income | 490/1 | €2,861 | €1,746 | -€1,114 | -39.0% |
| Total equity and liabilities | 10/49 | €54,747 | €54,161 | -€586 | -1.1% |
| Equity | 10/15 | €29,100 | €34,092 | +€4,992 | +17.2% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,500 | €33,492 | +€4,992 | +17.5% |
| Amounts payable | 17/49 | €25,647 | €20,068 | -€5,579 | -21.8% |
| Amounts payable within one year | 42/48 | €25,647 | €20,068 | -€5,579 | -21.8% |
| Trade debts | 44 | €9,550 | €3,251 | -€6,298 | -66.0% |
| Suppliers | 440/4 | €9,550 | €3,251 | -€6,298 | -66.0% |
| Taxes, remuneration and social security | 45 | €15,643 | €16,817 | +€1,175 | +7.5% |
| Taxes | 450/3 | €15,643 | €16,817 | +€1,175 | +7.5% |
| Other amounts payable | 47/48 | €455 | - | -€455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,085 | €4,257 | +€172 | +4.2% |
| Other operating charges | 640/8 | €1,014 | €2,099 | +€1,085 | +107% |
| Gross operating margin | 9900 | €15,432 | €16,025 | +€592 | +3.8% |
| Operating profit (loss) | 9901 | €10,334 | €9,669 | -€665 | -6.4% |
| Financial income | 75/76B | €36 | €48 | +€13 | +34.8% |
| Recurring financial income | 75 | €36 | €48 | +€13 | +34.8% |
| Financial charges | 65/66B | €62 | €58 | -€4 | -6.8% |
| Recurring financial charges | 65 | €62 | €58 | -€4 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €10,308 | €9,660 | -€648 | -6.3% |
| Income taxes | 67/77 | €4,723 | €4,667 | -€56 | -1.2% |
| Profit (loss) for the period | 9904 | €5,585 | €4,992 | -€592 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,585 | €4,992 | -€592 | -10.6% |
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.