Valanne: 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.
Valanne
Largest movements
- Intangible fixed assets -€5,348
down €5,348 (-25.1%), from €21,349 to €16,000
- Stocks and contracts -€1,959
down €1,959 (-7.7%), from €25,464 to €23,505
- Deferred charges and accrued income +€1,489
up €1,489 (+632.4%), from €236 to €1,725
- Trade debts -€7,874
down €7,874 (-60.8%), from €12,941 to €5,067
- Profit (loss) carried forward +€5,222
up €5,222 (+16.1%), from -€32,351 to -€27,130
- Debts after one year -€4,442
down €4,442 (-8.0%), from €55,864 to €51,422
- Other debts +€1,078
up €1,078 (+12.8%), from €8,443 to €9,521
- Gross operating margin +€21,710
up €21,710 (+86.5%), from -€25,092 to -€3,382
- Financial income +€15,708
up €15,708 (+22608.1%), from €69 to €15,778
of which Non-recurring financial income: +€15,750
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 | €53,621 | €47,995 | -€5,625 | -10.5% |
| Fixed assets | 21/28 | €21,349 | €16,000 | -€5,348 | -25.1% |
| Intangible fixed assets | 21 | €21,349 | €16,000 | -€5,348 | -25.1% |
| Current assets | 29/58 | €32,272 | €31,995 | -€277 | -0.9% |
| Stocks and contracts in progress | 3 | €25,464 | €23,505 | -€1,959 | -7.7% |
| Stocks | 30/36 | €25,464 | €23,505 | -€1,959 | -7.7% |
| Amounts receivable within one year | 40/41 | €2,289 | €2,025 | -€264 | -11.5% |
| Trade receivables | 40 | €1,984 | €1,964 | -€20 | -1.0% |
| Other amounts receivable | 41 | €305 | €61 | -€245 | -80.1% |
| Cash at bank and in hand | 54/58 | €4,283 | €4,740 | +€457 | +10.7% |
| Deferred charges and accrued income | 490/1 | €236 | €1,725 | +€1,489 | +632.4% |
| Total equity and liabilities | 10/49 | €53,621 | €47,995 | -€5,625 | -10.5% |
| Equity | 10/15 | -€31,351 | -€26,130 | +€5,222 | +16.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,351 | -€27,130 | +€5,222 | +16.1% |
| Amounts payable | 17/49 | €84,972 | €74,125 | -€10,847 | -12.8% |
| Amounts payable after more than one year | 17 | €55,864 | €51,422 | -€4,442 | -8.0% |
| Financial debts | 170/4 | €55,864 | €51,422 | -€4,442 | -8.0% |
| Amounts payable within one year | 42/48 | €29,108 | €22,703 | -€6,406 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €4,884 | €4,998 | +€114 | +2.3% |
| Financial debts | 43 | - | €80 | +€80 | |
| Credit institutions | 430/8 | - | €80 | +€80 | |
| Trade debts | 44 | €12,941 | €5,067 | -€7,874 | -60.8% |
| Suppliers | 440/4 | €12,941 | €5,067 | -€7,874 | -60.8% |
| Taxes, remuneration and social security | 45 | €2,840 | €3,037 | +€197 | +6.9% |
| Taxes | 450/3 | €2,840 | €3,037 | +€197 | +6.9% |
| Other amounts payable | 47/48 | €8,443 | €9,521 | +€1,078 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,392 | €5,348 | -€44 | -0.8% |
| Other operating charges | 640/8 | €688 | €442 | -€246 | -35.8% |
| Gross operating margin | 9900 | -€25,092 | -€3,382 | +€21,710 | +86.5% |
| Operating profit (loss) | 9901 | -€31,172 | -€9,172 | +€22,000 | +70.6% |
| Financial income | 75/76B | €69 | €15,778 | +€15,708 | +22608.1% |
| Recurring financial income | 75 | €69 | €28 | -€42 | -60.3% |
| Non-recurring financial income | 76B | - | €15,750 | +€15,750 | |
| Financial charges | 65/66B | €1,129 | €1,227 | +€98 | +8.7% |
| Recurring financial charges | 65 | €1,129 | €1,227 | +€98 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,232 | €5,379 | +€37,611 | |
| Income taxes | 67/77 | €120 | €157 | +€38 | +31.4% |
| Profit (loss) for the period | 9904 | -€32,351 | €5,222 | +€37,573 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,351 | €5,222 | +€37,573 |
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 29 September 2026 via checked.be.