VALBIS: 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.
VALBIS
Largest movements
- Tangible fixed assets -€13,098
down €13,098 (-48.1%), from €27,234 to €14,137
- Cash -€5,024
down €5,024 (-69.2%), from €7,261 to €2,238
mainly Other debts (-€23,073) and Deferred charges and accrued income (-€3,109)
- Deferred charges and accrued income +€3,109
up €3,109 (+19.8%), from €15,733 to €18,842
- Other debts -€23,073
down €23,073 (-75.0%), from €30,767 to €7,694
- Reserves +€7,388
up €7,388 (+91.8%), from €8,045 to €15,433
- Trade debts +€1,050
new in 2025: €1,050
- Other operating charges -€1,322
down €1,322 (-71.4%), from €1,850 to €528
- Depreciation +€1,039
up €1,039 (+8.6%), from €12,059 to €13,098
- Gross operating margin -€989
down €989 (-3.7%), from €26,871 to €25,882
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 | €50,228 | €35,216 | -€15,012 | -29.9% |
| Fixed assets | 21/28 | €27,234 | €14,137 | -€13,098 | -48.1% |
| Tangible fixed assets | 22/27 | €27,234 | €14,137 | -€13,098 | -48.1% |
| Furniture and vehicles | 24 | €27,234 | €14,137 | -€13,098 | -48.1% |
| Current assets | 29/58 | €22,994 | €21,080 | -€1,914 | -8.3% |
| Cash at bank and in hand | 54/58 | €7,261 | €2,238 | -€5,024 | -69.2% |
| Deferred charges and accrued income | 490/1 | €15,733 | €18,842 | +€3,109 | +19.8% |
| Total equity and liabilities | 10/49 | €50,228 | €35,216 | -€15,012 | -29.9% |
| Equity | 10/15 | €9,045 | €16,433 | +€7,388 | +81.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,045 | €15,433 | +€7,388 | +91.8% |
| Distributable reserves | 133 | €8,045 | €15,433 | +€7,388 | +91.8% |
| Amounts payable | 17/49 | €41,183 | €18,783 | -€22,400 | -54.4% |
| Amounts payable within one year | 42/48 | €41,183 | €18,783 | -€22,400 | -54.4% |
| Trade debts | 44 | - | €1,050 | +€1,050 | |
| Suppliers | 440/4 | - | €1,050 | +€1,050 | |
| Taxes, remuneration and social security | 45 | €10,417 | €10,040 | -€377 | -3.6% |
| Taxes | 450/3 | €10,417 | €8,040 | -€2,377 | -22.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €30,767 | €7,694 | -€23,073 | -75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,059 | €13,098 | +€1,039 | +8.6% |
| Other operating charges | 640/8 | €1,850 | €528 | -€1,322 | -71.4% |
| Gross operating margin | 9900 | €26,871 | €25,882 | -€989 | -3.7% |
| Operating profit (loss) | 9901 | €12,962 | €12,256 | -€706 | -5.4% |
| Financial charges | 65/66B | - | €128 | +€128 | |
| Recurring financial charges | 65 | - | €128 | +€128 | |
| Profit (loss) for the period before taxes | 9903 | €12,962 | €12,128 | -€834 | -6.4% |
| Income taxes | 67/77 | €4,917 | €4,740 | -€177 | -3.6% |
| Profit (loss) for the period | 9904 | €8,045 | €7,388 | -€657 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,045 | €7,388 | -€657 | -8.2% |
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 29 September 2026 via checked.be.