Valayd: 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.
Valayd
Largest movements
- Cash -€28,026
down €28,026 (-8.4%), from €334,063 to €306,037
mainly Contributions, distributions and other (-€310,000) and Current investments (-€20,594)
- Current investments +€20,594
new in 2025: €20,594
- Receivables within one year -€10,308
down €10,308 (-71.9%), from €14,327 to €4,019
of which Trade receivables: -€14,327
- Deferred charges and accrued income -€7,213
down €7,213 (-90.4%), from €7,981 to €768
- Tangible fixed assets -€6,631
down €6,631 (-47.1%), from €14,084 to €7,453
of which Furniture and vehicles: -€5,250
- Profit (loss) carried forward -€261,671
down €261,671 (-81.7%), from €320,436 to €58,765
- Other debts +€204,308
up €204,308 (+15,689%), from €1,302 to €205,610
- Tax, wage and social debts +€25,435
up €25,435 (+61.9%), from €41,093 to €66,528
- Trade debts +€4,313
up €4,313 (+631%), from €683 to €4,996
- Accrued charges and deferred income -€3,968
down €3,968 (-66.8%), from €5,940 to €1,972
- Gross operating margin -€30,820
down €30,820 (-29.9%), from €103,007 to €72,187
- Financial income -€4,640
down €4,640 (-65.8%), from €7,055 to €2,415
- Taxes -€3,521
down €3,521 (-15.9%), from €22,110 to €18,588
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 | €370,454 | €338,871 | -€31,583 | -8.5% |
| Fixed assets | 21/28 | €14,084 | €7,453 | -€6,631 | -47.1% |
| Tangible fixed assets | 22/27 | €14,084 | €7,453 | -€6,631 | -47.1% |
| Plant, machinery and equipment | 23 | €2,563 | €1,182 | -€1,381 | -53.9% |
| Furniture and vehicles | 24 | €11,521 | €6,271 | -€5,250 | -45.6% |
| Current assets | 29/58 | €356,371 | €331,418 | -€24,953 | -7.0% |
| Amounts receivable within one year | 40/41 | €14,327 | €4,019 | -€10,308 | -71.9% |
| Trade receivables | 40 | €14,327 | - | -€14,327 | |
| Other amounts receivable | 41 | - | €4,019 | +€4,019 | |
| Current investments | 50/53 | - | €20,594 | +€20,594 | |
| Cash at bank and in hand | 54/58 | €334,063 | €306,037 | -€28,026 | -8.4% |
| Deferred charges and accrued income | 490/1 | €7,981 | €768 | -€7,213 | -90.4% |
| Total equity and liabilities | 10/49 | €370,454 | €338,871 | -€31,583 | -8.5% |
| Equity | 10/15 | €321,436 | €59,765 | -€261,671 | -81.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,436 | €58,765 | -€261,671 | -81.7% |
| Amounts payable | 17/49 | €49,019 | €279,106 | +€230,088 | +469% |
| Amounts payable within one year | 42/48 | €43,079 | €277,134 | +€234,056 | +543% |
| Trade debts | 44 | €683 | €4,996 | +€4,313 | +631% |
| Suppliers | 440/4 | €683 | €4,996 | +€4,313 | +631% |
| Taxes, remuneration and social security | 45 | €41,093 | €66,528 | +€25,435 | +61.9% |
| Taxes | 450/3 | €41,093 | €66,528 | +€25,435 | +61.9% |
| Other amounts payable | 47/48 | €1,302 | €205,610 | +€204,308 | +15,689% |
| Accrued charges and deferred income | 492/3 | €5,940 | €1,972 | -€3,968 | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,631 | €6,631 | = | 0.0% |
| Other operating charges | 640/8 | €559 | €891 | +€332 | +59.3% |
| Gross operating margin | 9900 | €103,007 | €72,187 | -€30,820 | -29.9% |
| Operating profit (loss) | 9901 | €95,817 | €64,666 | -€31,151 | -32.5% |
| Financial income | 75/76B | €7,055 | €2,415 | -€4,640 | -65.8% |
| Recurring financial income | 75 | €7,055 | €2,415 | -€4,640 | -65.8% |
| Financial charges | 65/66B | €190 | €164 | -€27 | -14.0% |
| Recurring financial charges | 65 | €190 | €164 | -€27 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €102,682 | €66,917 | -€35,764 | -34.8% |
| Income taxes | 67/77 | €22,110 | €18,588 | -€3,521 | -15.9% |
| Profit (loss) for the period | 9904 | €80,572 | €48,329 | -€32,243 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,572 | €48,329 | -€32,243 | -40.0% |
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 13 October 2026 via checked.be.