VALANFORT BRW: 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.
VALANFORT BRW
Largest movements
- Stocks and contracts -€67,775
down €67,775 (-37.6%), from €180,056 to €112,282
- Cash -€27,627
down €27,627 (-5.5%), from €502,716 to €475,089
mainly Other debts (-€300,000) and Receivables within one year (-€24,094)
- Receivables within one year +€24,094
up €24,094 (+13.3%), from €181,173 to €205,267
of which Trade receivables: +€21,287
- Other debts -€300,000
down €300,000 (-100%), from €300,000 to €0
- Profit (loss) carried forward +€160,349
up €160,349 (+340%), from €47,105 to €207,454
- Reserves +€47,105
up €47,105 (+17.0%), from €276,830 to €323,936
of which Distributable reserves: +€47,105
- Trade debts +€20,686
up €20,686 (+51.4%), from €40,250 to €60,935
- Gross operating margin -€212,351
down €212,351 (-41.8%), from €508,519 to €296,168
- Taxes -€68,581
down €68,581 (-47.2%), from €145,228 to €76,647
- Write-downs -€8,912
down €8,912, from €3,597 to -€5,315
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 | €935,785 | €870,867 | -€64,919 | -6.9% |
| Fixed assets | 21/28 | €71,277 | €78,184 | +€6,907 | +9.7% |
| Tangible fixed assets | 22/27 | €71,277 | €78,184 | +€6,907 | +9.7% |
| Plant, machinery and equipment | 23 | €13,287 | €15,965 | +€2,678 | +20.2% |
| Furniture and vehicles | 24 | €21,920 | €18,798 | -€3,122 | -14.2% |
| Other tangible fixed assets | 26 | €36,070 | €43,421 | +€7,351 | +20.4% |
| Current assets | 29/58 | €864,508 | €792,683 | -€71,825 | -8.3% |
| Stocks and contracts in progress | 3 | €180,056 | €112,282 | -€67,775 | -37.6% |
| Stocks | 30/36 | €180,056 | €112,282 | -€67,775 | -37.6% |
| Amounts receivable within one year | 40/41 | €181,173 | €205,267 | +€24,094 | +13.3% |
| Trade receivables | 40 | €154,775 | €176,062 | +€21,287 | +13.8% |
| Other amounts receivable | 41 | €26,398 | €29,205 | +€2,807 | +10.6% |
| Cash at bank and in hand | 54/58 | €502,716 | €475,089 | -€27,627 | -5.5% |
| Deferred charges and accrued income | 490/1 | €562 | €45 | -€517 | -92.0% |
| Total equity and liabilities | 10/49 | €935,785 | €870,867 | -€64,919 | -6.9% |
| Equity | 10/15 | €523,936 | €731,390 | +€207,454 | +39.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €276,830 | €323,936 | +€47,105 | +17.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €256,830 | €303,936 | +€47,105 | +18.3% |
| Profit (loss) carried forward | 14 | €47,105 | €207,454 | +€160,349 | +340% |
| Amounts payable | 17/49 | €411,849 | €139,477 | -€272,373 | -66.1% |
| Amounts payable within one year | 42/48 | €411,149 | €139,477 | -€271,672 | -66.1% |
| Trade debts | 44 | €40,250 | €60,935 | +€20,686 | +51.4% |
| Suppliers | 440/4 | €40,250 | €60,935 | +€20,686 | +51.4% |
| Taxes, remuneration and social security | 45 | €70,899 | €78,542 | +€7,643 | +10.8% |
| Taxes | 450/3 | €70,899 | €78,542 | +€7,643 | +10.8% |
| Other amounts payable | 47/48 | €300,000 | €0 | -€300,000 | -100% |
| Accrued charges and deferred income | 492/3 | €701 | €0 | -€701 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,331 | €14,163 | +€4,833 | +51.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,597 | -€5,315 | -€8,912 | |
| Other operating charges | 640/8 | €1,226 | €4,938 | +€3,713 | +303% |
| Gross operating margin | 9900 | €508,519 | €296,168 | -€212,351 | -41.8% |
| Operating profit (loss) | 9901 | €494,365 | €282,381 | -€211,984 | -42.9% |
| Financial income | 75/76B | - | €2,054 | +€2,054 | |
| Recurring financial income | 75 | - | €2,054 | +€2,054 | |
| Financial charges | 65/66B | €2,032 | €334 | -€1,698 | -83.6% |
| Recurring financial charges | 65 | €2,032 | €334 | -€1,698 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €492,333 | €284,101 | -€208,232 | -42.3% |
| Income taxes | 67/77 | €145,228 | €76,647 | -€68,581 | -47.2% |
| Profit (loss) for the period | 9904 | €347,105 | €207,454 | -€139,651 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €347,105 | €207,454 | -€139,651 | -40.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.