VALBONA: 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.
VALBONA
Largest movements
- Tangible fixed assets -€2,391
down €2,391 (-24.4%), from €9,812 to €7,421
of which Furniture and vehicles: -€1,229
- Cash -€1,899
down €1,899 (-4.5%), from €42,518 to €40,619
mainly Tax, wage and social debts (-€2,833) and Investment in fixed assets (net) (-€2,562)
- Tax, wage and social debts -€2,833
down €2,833 (-25.2%), from €11,234 to €8,400
of which Remuneration and social security: -€2,000
- Profit (loss) carried forward -€1,120
down €1,120 (-4.2%), from €26,775 to €25,655
- Gross operating margin -€2,389
down €2,389 (-25.9%), from €9,208 to €6,820
- Other operating charges -€845
down €845 (-30.7%), from €2,756 to €1,911
- Depreciation +€806
up €806 (+19.4%), from €4,147 to €4,953
- Taxes -€709
down €709 (-98.4%), from €721 to €11
- Financial charges -€167
down €167 (-13.5%), from €1,240 to €1,073
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 | €53,216 | €49,190 | -€4,026 | -7.6% |
| Fixed assets | 21/28 | €9,812 | €7,421 | -€2,391 | -24.4% |
| Tangible fixed assets | 22/27 | €9,812 | €7,421 | -€2,391 | -24.4% |
| Furniture and vehicles | 24 | €6,958 | €5,729 | -€1,229 | -17.7% |
| Other tangible fixed assets | 26 | €2,854 | €1,692 | -€1,162 | -40.7% |
| Current assets | 29/58 | €43,404 | €41,769 | -€1,635 | -3.8% |
| Amounts receivable within one year | 40/41 | €486 | €486 | = | 0.0% |
| Other amounts receivable | 41 | €486 | €486 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,518 | €40,619 | -€1,899 | -4.5% |
| Deferred charges and accrued income | 490/1 | €401 | €664 | +€264 | +65.8% |
| Total equity and liabilities | 10/49 | €53,216 | €49,190 | -€4,026 | -7.6% |
| Equity | 10/15 | €41,775 | €40,655 | -€1,120 | -2.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,775 | €25,655 | -€1,120 | -4.2% |
| Amounts payable | 17/49 | €11,441 | €8,536 | -€2,906 | -25.4% |
| Amounts payable within one year | 42/48 | €11,441 | €8,536 | -€2,906 | -25.4% |
| Trade debts | 44 | €208 | €135 | -€73 | -34.9% |
| Suppliers | 440/4 | €208 | €135 | -€73 | -34.9% |
| Taxes, remuneration and social security | 45 | €11,234 | €8,400 | -€2,833 | -25.2% |
| Taxes | 450/3 | €1,234 | €400 | -€833 | -67.6% |
| Remuneration and social security | 454/9 | €10,000 | €8,000 | -€2,000 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,147 | €4,953 | +€806 | +19.4% |
| Other operating charges | 640/8 | €2,756 | €1,911 | -€845 | -30.7% |
| Gross operating margin | 9900 | €9,208 | €6,820 | -€2,389 | -25.9% |
| Operating profit (loss) | 9901 | €2,305 | -€44 | -€2,350 | |
| Financial income | 75/76B | €31 | €8 | -€22 | -72.6% |
| Recurring financial income | 75 | €31 | €8 | -€22 | -72.6% |
| Financial charges | 65/66B | €1,240 | €1,073 | -€167 | -13.5% |
| Recurring financial charges | 65 | €1,240 | €1,073 | -€167 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €1,096 | -€1,109 | -€2,205 | |
| Income taxes | 67/77 | €721 | €11 | -€709 | -98.4% |
| Profit (loss) for the period | 9904 | €375 | -€1,120 | -€1,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €375 | -€1,120 | -€1,496 |
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 19 October 2026 via checked.be.