VALBIER: 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.
VALBIER
Largest movements
- Cash +€8,115
up €8,115 (+22.9%), from €35,473 to €43,588
mainly Depreciation (+€16,817) and Net result for the year (+€12,086)
- Tangible fixed assets +€7,704
up €7,704 (+22.6%), from €34,039 to €41,743
of which Plant, machinery and equipment: +€15,492
- Receivables within one year -€7,191
down €7,191 (-71.7%), from €10,032 to €2,840
- Profit (loss) carried forward +€12,086
up €12,086 (+28.7%), from -€42,116 to -€30,029
- Tax, wage and social debts -€3,221
down €3,221 (-83.7%), from €3,849 to €628
- Other debts -€1,234
down €1,234 (-1.1%), from €111,944 to €110,710
- Gross operating margin +€57,624
up €57,624, from -€20,133 to €37,492
- Taxes +€2,000
up €2,000 (+170.5%), from €1,173 to €3,173
- Other operating charges +€1,124
up €1,124 (+31.9%), from €3,528 to €4,651
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 | €82,393 | €90,478 | +€8,085 | +9.8% |
| Fixed assets | 21/28 | €34,039 | €41,743 | +€7,704 | +22.6% |
| Tangible fixed assets | 22/27 | €34,039 | €41,743 | +€7,704 | +22.6% |
| Plant, machinery and equipment | 23 | €7,275 | €22,767 | +€15,492 | +212.9% |
| Furniture and vehicles | 24 | €26,764 | €18,976 | -€7,788 | -29.1% |
| Current assets | 29/58 | €48,355 | €48,735 | +€380 | +0.8% |
| Amounts receivable within one year | 40/41 | €10,032 | €2,840 | -€7,191 | -71.7% |
| Other amounts receivable | 41 | €10,032 | €2,840 | -€7,191 | -71.7% |
| Cash at bank and in hand | 54/58 | €35,473 | €43,588 | +€8,115 | +22.9% |
| Deferred charges and accrued income | 490/1 | €2,850 | €2,306 | -€543 | -19.1% |
| Total equity and liabilities | 10/49 | €82,393 | €90,478 | +€8,085 | +9.8% |
| Equity | 10/15 | -€33,752 | -€21,666 | +€12,086 | +35.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,864 | €5,864 | = | 0.0% |
| Distributable reserves | 133 | €5,864 | €5,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,116 | -€30,029 | +€12,086 | +28.7% |
| Amounts payable | 17/49 | €116,145 | €112,144 | -€4,002 | -3.4% |
| Amounts payable within one year | 42/48 | €116,145 | €111,920 | -€4,225 | -3.6% |
| Trade debts | 44 | €353 | €583 | +€229 | +64.9% |
| Suppliers | 440/4 | €353 | €583 | +€229 | +64.9% |
| Taxes, remuneration and social security | 45 | €3,849 | €628 | -€3,221 | -83.7% |
| Taxes | 450/3 | €3,849 | €628 | -€3,221 | -83.7% |
| Other amounts payable | 47/48 | €111,944 | €110,710 | -€1,234 | -1.1% |
| Accrued charges and deferred income | 492/3 | €0 | €223 | +€223 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,532 | €16,817 | +€285 | +1.7% |
| Other operating charges | 640/8 | €3,528 | €4,651 | +€1,124 | +31.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€20,133 | €37,492 | +€57,624 | |
| Operating profit (loss) | 9901 | -€40,193 | €16,023 | +€56,216 | |
| Financial income | 75/76B | €148 | €45 | -€103 | -69.6% |
| Recurring financial income | 75 | €148 | €45 | -€103 | -69.6% |
| Financial charges | 65/66B | €898 | €809 | -€89 | -9.9% |
| Recurring financial charges | 65 | €898 | €809 | -€89 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | -€40,943 | €15,259 | +€56,202 | |
| Income taxes | 67/77 | €1,173 | €3,173 | +€2,000 | +170.5% |
| Profit (loss) for the period | 9904 | -€42,116 | €12,086 | +€54,202 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,116 | €12,086 | +€54,202 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.