VALBENOIT: 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.
VALBENOIT
Largest movements
- Cash +€64,635
up €64,635 (+60.7%), from €106,396 to €171,032
mainly Other debts (+€169,845) and Depreciation (+€50,588)
- Tangible fixed assets -€33,306
down €33,306 (-2.0%), from €1.7m to €1.6m
- Other debts +€169,845
up €169,845 (+738.6%), from €22,997 to €192,841
- Debts after one year -€79,665
down €79,665 (-8.0%), from €999,134 to €919,468
- Trade debts -€27,209
down €27,209 (-84.0%), from €32,395 to €5,186
- Gross operating margin -€16,074
down €16,074 (-22.7%), from €70,891 to €54,817
- Depreciation -€10,122
down €10,122 (-16.7%), from €60,710 to €50,588
- Other operating charges -€9,697
down €9,697 (-43.3%), from €22,373 to €12,675
- Financial income -€2,568
down €2,568 (-18.3%), from €14,014 to €11,446
- Financial charges -€1,997
down €1,997 (-8.0%), from €24,891 to €22,894
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 | €2,150,312 | €2,191,621 | +€41,309 | +1.9% |
| Fixed assets | 21/28 | €1,654,096 | €1,620,790 | -€33,306 | -2.0% |
| Tangible fixed assets | 22/27 | €1,654,096 | €1,620,790 | -€33,306 | -2.0% |
| Land and buildings | 22 | €1,654,096 | €1,620,790 | -€33,306 | -2.0% |
| Current assets | 29/58 | €496,215 | €570,831 | +€74,616 | +15.0% |
| Amounts receivable after more than one year | 29 | €382,793 | €392,931 | +€10,138 | +2.6% |
| Other amounts receivable | 291 | €382,793 | €392,931 | +€10,138 | +2.6% |
| Amounts receivable within one year | 40/41 | €4,720 | €4,498 | -€222 | -4.7% |
| Other amounts receivable | 41 | €4,720 | €4,498 | -€222 | -4.7% |
| Cash at bank and in hand | 54/58 | €106,396 | €171,032 | +€64,635 | +60.7% |
| Deferred charges and accrued income | 490/1 | €2,306 | €2,370 | +€64 | +2.8% |
| Total equity and liabilities | 10/49 | €2,150,312 | €2,191,621 | +€41,309 | +1.9% |
| Equity | 10/15 | €1,011,167 | €993,285 | -€17,882 | -1.8% |
| Contributions | 10/11 | - | €2,013 | +€2,013 | |
| Capital | 10 | - | €2,013 | +€2,013 | |
| Issued capital | 100 | - | €2,013 | +€2,013 | |
| Revaluation surpluses | 12 | €1,125,000 | €1,125,000 | = | 0.0% |
| Reserves | 13 | €27,060 | €27,060 | = | 0.0% |
| Distributable reserves | 133 | €27,060 | €27,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€140,893 | -€160,788 | -€19,895 | -14.1% |
| Amounts payable | 17/49 | €1,139,145 | €1,198,336 | +€59,191 | +5.2% |
| Amounts payable after more than one year | 17 | €999,134 | €919,468 | -€79,665 | -8.0% |
| Financial debts | 170/4 | €999,134 | €919,468 | -€79,665 | -8.0% |
| Amounts payable within one year | 42/48 | €140,011 | €277,664 | +€137,653 | +98.3% |
| Current portion of amounts payable after more than one year | 42 | €84,620 | €79,637 | -€4,983 | -5.9% |
| Trade debts | 44 | €32,395 | €5,186 | -€27,209 | -84.0% |
| Suppliers | 440/4 | €32,395 | €5,186 | -€27,209 | -84.0% |
| Other amounts payable | 47/48 | €22,997 | €192,841 | +€169,845 | +738.6% |
| Accrued charges and deferred income | 492/3 | - | €1,204 | +€1,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,710 | €50,588 | -€10,122 | -16.7% |
| Other operating charges | 640/8 | €22,373 | €12,675 | -€9,697 | -43.3% |
| Gross operating margin | 9900 | €70,891 | €54,817 | -€16,074 | -22.7% |
| Operating profit (loss) | 9901 | -€12,192 | -€8,447 | +€3,745 | +30.7% |
| Financial income | 75/76B | €14,014 | €11,446 | -€2,568 | -18.3% |
| Recurring financial income | 75 | €14,014 | €11,446 | -€2,568 | -18.3% |
| Financial charges | 65/66B | €24,891 | €22,894 | -€1,997 | -8.0% |
| Recurring financial charges | 65 | €24,891 | €22,894 | -€1,997 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,068 | -€19,895 | +€3,173 | +13.8% |
| Profit (loss) for the period | 9904 | -€23,068 | -€19,895 | +€3,173 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,068 | -€19,895 | +€3,173 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.