Valateam: 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.
Valateam
Largest movements
- Receivables within one year -€196,571
down €196,571 (-47.2%), from €416,590 to €220,018
of which Trade receivables: -€206,095
- Cash +€196,278
up €196,278 (+15.5%), from €1.3m to €1.5m
mainly Net result for the year (+€392,416) and Receivables within one year (+€196,571)
- Tangible fixed assets -€68,423
down €68,423 (-12.1%), from €564,263 to €495,840
of which Land and buildings: -€43,365
- Profit (loss) carried forward +€392,416
up €392,416 (+769%), from €51,061 to €443,477
- Reserves -€234,000
down €234,000 (-11.6%), from €2.0m to €1.8m
of which Distributable reserves: -€234,000
- Trade debts -€175,713
down €175,713 (-63.0%), from €278,850 to €103,137
- Tax, wage and social debts -€42,112
down €42,112 (-44.9%), from €93,892 to €51,780
of which Remuneration and social security: -€23,362
- Gross operating margin -€159,653
down €159,653 (-13.0%), from €1.2m to €1.1m
- Staff costs -€65,451
down €65,451 (-11.7%), from €558,596 to €493,145
- Taxes -€21,242
down €21,242 (-13.7%), from €155,468 to €134,226
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 | €2,698,775 | €2,635,370 | -€63,405 | -2.3% |
| Fixed assets | 21/28 | €564,646 | €496,223 | -€68,423 | -12.1% |
| Tangible fixed assets | 22/27 | €564,263 | €495,840 | -€68,423 | -12.1% |
| Land and buildings | 22 | €506,296 | €462,932 | -€43,365 | -8.6% |
| Plant, machinery and equipment | 23 | €19,837 | €14,790 | -€5,047 | -25.4% |
| Furniture and vehicles | 24 | €37,261 | €18,119 | -€19,143 | -51.4% |
| Other tangible fixed assets | 26 | €868 | €0 | -€868 | -100% |
| Financial fixed assets | 28 | €383 | €383 | = | 0.0% |
| Current assets | 29/58 | €2,134,129 | €2,139,147 | +€5,018 | +0.2% |
| Stocks and contracts in progress | 3 | €410,000 | €418,956 | +€8,956 | +2.2% |
| Stocks | 30/36 | €195,510 | €172,590 | -€22,920 | -11.7% |
| Contracts in progress | 37 | €214,490 | €246,366 | +€31,876 | +14.9% |
| Amounts receivable within one year | 40/41 | €416,590 | €220,018 | -€196,571 | -47.2% |
| Trade receivables | 40 | €405,435 | €199,340 | -€206,095 | -50.8% |
| Other amounts receivable | 41 | €11,155 | €20,679 | +€9,524 | +85.4% |
| Cash at bank and in hand | 54/58 | €1,263,552 | €1,459,829 | +€196,278 | +15.5% |
| Deferred charges and accrued income | 490/1 | €43,988 | €40,343 | -€3,644 | -8.3% |
| Total equity and liabilities | 10/49 | €2,698,775 | €2,635,370 | -€63,405 | -2.3% |
| Equity | 10/15 | €2,320,061 | €2,478,477 | +€158,416 | +6.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €2,019,000 | €1,785,000 | -€234,000 | -11.6% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €1,994,000 | €1,760,000 | -€234,000 | -11.7% |
| Profit (loss) carried forward | 14 | €51,061 | €443,477 | +€392,416 | +769% |
| Amounts payable | 17/49 | €378,714 | €156,893 | -€221,821 | -58.6% |
| Amounts payable within one year | 42/48 | €372,783 | €154,916 | -€217,867 | -58.4% |
| Trade debts | 44 | €278,850 | €103,137 | -€175,713 | -63.0% |
| Suppliers | 440/4 | €278,850 | €103,137 | -€175,713 | -63.0% |
| Taxes, remuneration and social security | 45 | €93,892 | €51,780 | -€42,112 | -44.9% |
| Taxes | 450/3 | €26,627 | €7,877 | -€18,750 | -70.4% |
| Remuneration and social security | 454/9 | €67,265 | €43,903 | -€23,362 | -34.7% |
| Other amounts payable | 47/48 | €42 | €0 | -€42 | -100% |
| Accrued charges and deferred income | 492/3 | €5,931 | €1,976 | -€3,955 | -66.7% |
| Non-recurring operating income | 76A | €5,661 | €0 | -€5,661 | -100% |
| Remuneration, social security and pensions | 62 | €558,596 | €493,145 | -€65,451 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,957 | €68,423 | -€9,534 | -12.2% |
| Other operating charges | 640/8 | €13,236 | €13,342 | +€106 | +0.8% |
| Gross operating margin | 9900 | €1,229,365 | €1,069,713 | -€159,653 | -13.0% |
| Operating profit (loss) | 9901 | €579,576 | €494,803 | -€84,774 | -14.6% |
| Financial income | 75/76B | €38,781 | €32,727 | -€6,054 | -15.6% |
| Recurring financial income | 75 | €38,781 | €32,727 | -€6,054 | -15.6% |
| Financial charges | 65/66B | €1,435 | €887 | -€548 | -38.2% |
| Recurring financial charges | 65 | €1,435 | €887 | -€548 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €616,922 | €526,642 | -€90,279 | -14.6% |
| Income taxes | 67/77 | €155,468 | €134,226 | -€21,242 | -13.7% |
| Profit (loss) for the period | 9904 | €461,454 | €392,416 | -€69,037 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €461,454 | €392,416 | -€69,037 | -15.0% |
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 19 October 2026 via checked.be.