VALANT: 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.
VALANT
Largest movements
- Cash -€83,857
down €83,857 (-37.3%), from €225,017 to €141,160
mainly Investment in fixed assets (net) (-€72,864) and Current investments (-€50,000)
- Tangible fixed assets +€50,544
up €50,544 (+70.6%), from €71,546 to €122,090
of which Land and buildings: +€56,496
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€15,718
down €15,718 (-35.9%), from €43,809 to €28,091
of which Trade receivables: -€17,271
- Debts after one year -€7,736
down €7,736 (-66.1%), from €11,697 to €3,961
- Other debts +€6,452
up €6,452 (+44.6%), from €14,452 to €20,904
- Reserves +€3,810
up €3,810 (+1.6%), from €241,909 to €245,719
- Gross operating margin -€7,482
down €7,482 (-21.3%), from €35,075 to €27,593
- Depreciation -€4,973
down €4,973 (-18.2%), from €27,293 to €22,320
- Financial income +€4,505
up €4,505 (+696.0%), from €647 to €5,152
- Financial charges -€679
down €679 (-32.3%), from €2,101 to €1,423
- Taxes -€645
down €645 (-27.8%), from €2,317 to €1,672
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 | €355,436 | €355,593 | +€156 | 0.0% |
| Fixed assets | 21/28 | €71,546 | €122,090 | +€50,544 | +70.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €71,546 | €122,090 | +€50,544 | +70.6% |
| Land and buildings | 22 | €16,949 | €73,445 | +€56,496 | +333.3% |
| Plant, machinery and equipment | 23 | €8,656 | €12,178 | +€3,522 | +40.7% |
| Furniture and vehicles | 24 | €45,941 | €36,467 | -€9,474 | -20.6% |
| Current assets | 29/58 | €283,891 | €233,503 | -€50,388 | -17.7% |
| Stocks and contracts in progress | 3 | €7,727 | €5,500 | -€2,227 | -28.8% |
| Stocks | 30/36 | €2,727 | €2,890 | +€164 | +6.0% |
| Contracts in progress | 37 | €5,000 | €2,610 | -€2,390 | -47.8% |
| Amounts receivable within one year | 40/41 | €43,809 | €28,091 | -€15,718 | -35.9% |
| Trade receivables | 40 | €35,949 | €18,677 | -€17,271 | -48.0% |
| Other amounts receivable | 41 | €7,860 | €9,414 | +€1,554 | +19.8% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €225,017 | €141,160 | -€83,857 | -37.3% |
| Deferred charges and accrued income | 490/1 | €7,338 | €8,752 | +€1,414 | +19.3% |
| Total equity and liabilities | 10/49 | €355,436 | €355,593 | +€156 | 0.0% |
| Equity | 10/15 | €296,909 | €300,719 | +€3,810 | +1.3% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €241,909 | €245,719 | +€3,810 | +1.6% |
| Distributable reserves | 133 | €241,909 | €245,719 | +€3,810 | +1.6% |
| Amounts payable | 17/49 | €58,528 | €54,874 | -€3,654 | -6.2% |
| Amounts payable after more than one year | 17 | €11,697 | €3,961 | -€7,736 | -66.1% |
| Financial debts | 170/4 | €11,697 | €3,961 | -€7,736 | -66.1% |
| Amounts payable within one year | 42/48 | €46,650 | €49,457 | +€2,807 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €7,495 | €7,736 | +€241 | +3.2% |
| Trade debts | 44 | €20,468 | €17,814 | -€2,654 | -13.0% |
| Suppliers | 440/4 | €20,468 | €17,814 | -€2,654 | -13.0% |
| Taxes, remuneration and social security | 45 | €4,234 | €3,002 | -€1,232 | -29.1% |
| Taxes | 450/3 | €4,234 | €3,002 | -€1,232 | -29.1% |
| Other amounts payable | 47/48 | €14,452 | €20,904 | +€6,452 | +44.6% |
| Accrued charges and deferred income | 492/3 | €180 | €1,456 | +€1,276 | +708.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,293 | €22,320 | -€4,973 | -18.2% |
| Other operating charges | 640/8 | €347 | €520 | +€173 | +49.8% |
| Gross operating margin | 9900 | €35,075 | €27,593 | -€7,482 | -21.3% |
| Operating profit (loss) | 9901 | €7,435 | €4,753 | -€2,682 | -36.1% |
| Financial income | 75/76B | €647 | €5,152 | +€4,505 | +696.0% |
| Recurring financial income | 75 | €647 | €5,152 | +€4,505 | +696.0% |
| Financial charges | 65/66B | €2,101 | €1,423 | -€679 | -32.3% |
| Recurring financial charges | 65 | €2,101 | €1,423 | -€679 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €5,981 | €8,482 | +€2,501 | +41.8% |
| Income taxes | 67/77 | €2,317 | €1,672 | -€645 | -27.8% |
| Profit (loss) for the period | 9904 | €3,664 | €6,810 | +€3,146 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,664 | €6,810 | +€3,146 | +85.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.