VALAUMA: 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.
VALAUMA
Largest movements
- Receivables within one year +€11,876
up €11,876 (+52.2%), from €22,764 to €34,639
of which Other amounts receivable: +€11,216
- Cash -€5,402
down €5,402 (-62.7%), from €8,615 to €3,212
mainly Contributions, distributions and other (-€24,281) and Receivables within one year (-€11,876)
- Tangible fixed assets +€1,655
up €1,655 (+83.0%), from €1,993 to €3,648
- Other debts +€13,211
up €13,211 (+119%), from €11,070 to €24,281
- Tax, wage and social debts -€6,586
down €6,586 (-45.3%), from €14,530 to €7,944
- Current portion of long-term debt +€3,964
new in 2025: €3,964
- Trade debts -€3,823
down €3,823 (-80.1%), from €4,772 to €948
- Debts after one year +€1,363
new in 2025: €1,363
- Gross operating margin +€11,445
up €11,445 (+49.6%), from €23,081 to €34,526
- Taxes +€1,774
up €1,774 (+31.8%), from €5,575 to €7,349
- Other operating charges -€497
down €497 (-54.1%), from €918 to €421
- Financial charges +€400
up €400 (+68.7%), from €583 to €983
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 | €33,372 | €41,500 | +€8,128 | +24.4% |
| Fixed assets | 21/28 | €1,993 | €3,648 | +€1,655 | +83.0% |
| Tangible fixed assets | 22/27 | €1,993 | €3,648 | +€1,655 | +83.0% |
| Furniture and vehicles | 24 | €1,993 | €3,648 | +€1,655 | +83.0% |
| Current assets | 29/58 | €31,379 | €37,852 | +€6,473 | +20.6% |
| Amounts receivable within one year | 40/41 | €22,764 | €34,639 | +€11,876 | +52.2% |
| Trade receivables | 40 | - | €659 | +€659 | |
| Other amounts receivable | 41 | €22,764 | €33,980 | +€11,216 | +49.3% |
| Cash at bank and in hand | 54/58 | €8,615 | €3,212 | -€5,402 | -62.7% |
| Total equity and liabilities | 10/49 | €33,372 | €41,500 | +€8,128 | +24.4% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €30,372 | €38,500 | +€8,128 | +26.8% |
| Amounts payable after more than one year | 17 | - | €1,363 | +€1,363 | |
| Financial debts | 170/4 | - | €1,363 | +€1,363 | |
| Amounts payable within one year | 42/48 | €30,372 | €37,137 | +€6,765 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | - | €3,964 | +€3,964 | |
| Trade debts | 44 | €4,772 | €948 | -€3,823 | -80.1% |
| Suppliers | 440/4 | €4,772 | €948 | -€3,823 | -80.1% |
| Taxes, remuneration and social security | 45 | €14,530 | €7,944 | -€6,586 | -45.3% |
| Taxes | 450/3 | €14,530 | €7,944 | -€6,586 | -45.3% |
| Other amounts payable | 47/48 | €11,070 | €24,281 | +€13,211 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €1,492 | +€58 | +4.0% |
| Other operating charges | 640/8 | €918 | €421 | -€497 | -54.1% |
| Gross operating margin | 9900 | €23,081 | €34,526 | +€11,445 | +49.6% |
| Operating profit (loss) | 9901 | €20,729 | €32,613 | +€11,884 | +57.3% |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €583 | €983 | +€400 | +68.7% |
| Recurring financial charges | 65 | €583 | €983 | +€400 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €20,171 | €31,630 | +€11,460 | +56.8% |
| Income taxes | 67/77 | €5,575 | €7,349 | +€1,774 | +31.8% |
| Profit (loss) for the period | 9904 | €14,596 | €24,281 | +€9,686 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,596 | €24,281 | +€9,686 | +66.4% |
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 14 October 2026 via checked.be.