VALANAS GROUP: 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.
VALANAS GROUP
Largest movements
- Receivables within one year +€23,283
up €23,283 (+73.6%), from €31,614 to €54,897
of which Trade receivables: +€14,807
- Tangible fixed assets +€20,942
up €20,942 (+117.8%), from €17,772 to €38,714
of which Furniture and vehicles: +€21,289
- Cash +€13,710
up €13,710 (+24.9%), from €55,048 to €68,758
mainly Net result for the year (+€26,064) and Debts after one year (+€21,931)
- Profit (loss) carried forward +€26,064
up €26,064 (+34.0%), from €76,555 to €102,619
- Debts after one year +€21,931
new in 2025: €21,931
- Trade debts +€15,179
up €15,179 (+439.5%), from €3,454 to €18,632
of which Bills of exchange payable: +€14,797
- Tax, wage and social debts -€5,152
down €5,152 (-25.9%), from €19,921 to €14,768
- Turnover -€591,904
no longer reported in 2025 (was €591,904)
- Purchases and services -€542,400
no longer reported in 2025 (was €542,400)
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 | €105,026 | €163,005 | +€57,979 | +55.2% |
| Fixed assets | 21/28 | €17,772 | €38,714 | +€20,942 | +117.8% |
| Tangible fixed assets | 22/27 | €17,772 | €38,714 | +€20,942 | +117.8% |
| Plant, machinery and equipment | 23 | €473 | €126 | -€347 | -73.3% |
| Furniture and vehicles | 24 | €17,299 | €38,588 | +€21,289 | +123.1% |
| Current assets | 29/58 | €87,253 | €124,291 | +€37,037 | +42.4% |
| Amounts receivable within one year | 40/41 | €31,614 | €54,897 | +€23,283 | +73.6% |
| Trade receivables | 40 | €29,571 | €44,378 | +€14,807 | +50.1% |
| Other amounts receivable | 41 | €2,043 | €10,519 | +€8,476 | +414.9% |
| Cash at bank and in hand | 54/58 | €55,048 | €68,758 | +€13,710 | +24.9% |
| Deferred charges and accrued income | 490/1 | €591 | €636 | +€44 | +7.5% |
| Total equity and liabilities | 10/49 | €105,026 | €163,005 | +€57,979 | +55.2% |
| Equity | 10/15 | €81,555 | €107,619 | +€26,064 | +32.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,555 | €102,619 | +€26,064 | +34.0% |
| Amounts payable | 17/49 | €23,471 | €55,386 | +€31,915 | +136.0% |
| Amounts payable after more than one year | 17 | - | €21,931 | +€21,931 | |
| Financial debts | 170/4 | - | €21,931 | +€21,931 | |
| Amounts payable within one year | 42/48 | €23,429 | €33,455 | +€10,026 | +42.8% |
| Trade debts | 44 | €3,454 | €18,632 | +€15,179 | +439.5% |
| Suppliers | 440/4 | €726 | €1,108 | +€382 | +52.6% |
| Bills of exchange payable | 441 | €2,728 | €17,525 | +€14,797 | +542.5% |
| Taxes, remuneration and social security | 45 | €19,921 | €14,768 | -€5,152 | -25.9% |
| Taxes | 450/3 | €19,921 | €14,768 | -€5,152 | -25.9% |
| Other amounts payable | 47/48 | €55 | €55 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €42 | - | -€42 | |
| Turnover | 70 | €591,904 | - | -€591,904 | |
| Goods, raw materials, services and sundry goods | 60/61 | €542,400 | - | -€542,400 | |
| Remuneration, social security and pensions | 62 | €328 | - | -€328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,172 | €17,070 | +€4,898 | +40.2% |
| Gross operating margin | 9900 | €49,504 | €50,151 | +€646 | +1.3% |
| Operating profit (loss) | 9901 | €37,004 | €33,081 | -€3,923 | -10.6% |
| Financial charges | 65/66B | €75 | €54 | -€21 | -28.0% |
| Recurring financial charges | 65 | €75 | €54 | -€21 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €36,929 | €33,027 | -€3,902 | -10.6% |
| Income taxes | 67/77 | €7,805 | €6,963 | -€842 | -10.8% |
| Profit (loss) for the period | 9904 | €29,124 | €26,064 | -€3,060 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,124 | €26,064 | -€3,060 | -10.5% |
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 7 October 2026 via checked.be.