VALBUSKO: 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.
VALBUSKO
Largest movements
- Stocks and contracts +€101,966
up €101,966 (+28.3%), from €360,021 to €461,988
- Receivables within one year +€99,451
up €99,451 (+34.6%), from €287,256 to €386,707
of which Trade receivables: +€60,753
- Tangible fixed assets -€50,600
down €50,600 (-8.9%), from €567,231 to €516,632
of which Furniture and vehicles: -€41,894
- Other debts +€226,435
new in 2024: €226,435
- Reserves -€212,706
down €212,706 (-12.4%), from €1.7m to €1.5m
of which Distributable reserves: -€212,706
- Debts after one year +€88,575
up €88,575 (+343%), from €25,827 to €114,402
- Trade debts +€82,178
up €82,178 (+252%), from €32,644 to €114,822
- Tax, wage and social debts -€72,968
down €72,968 (-48.5%), from €150,313 to €77,345
of which Remuneration and social security: -€56,832
- Staff costs +€121,247
up €121,247 (+17.2%), from €705,696 to €826,943
- Gross operating margin +€64,054
up €64,054 (+6.3%), from €1.0m to €1.1m
- Taxes -€23,463
down €23,463 (-33.3%), from €70,478 to €47,016
- Depreciation +€21,254
up €21,254 (+26.0%), from €81,662 to €102,917
- Other operating charges -€14,072
down €14,072 (-57.1%), from €24,634 to €10,562
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,987,485 | €2,136,214 | +€148,729 | +7.5% |
| Fixed assets | 21/28 | €567,391 | €520,402 | -€46,990 | -8.3% |
| Tangible fixed assets | 22/27 | €567,231 | €516,632 | -€50,600 | -8.9% |
| Land and buildings | 22 | €309,878 | €297,494 | -€12,383 | -4.0% |
| Plant, machinery and equipment | 23 | €32,599 | €36,277 | +€3,678 | +11.3% |
| Furniture and vehicles | 24 | €224,755 | €182,860 | -€41,894 | -18.6% |
| Financial fixed assets | 28 | €160 | €3,770 | +€3,610 | +2,256% |
| Current assets | 29/58 | €1,420,094 | €1,615,813 | +€195,719 | +13.8% |
| Stocks and contracts in progress | 3 | €360,021 | €461,988 | +€101,966 | +28.3% |
| Stocks | 30/36 | €360,021 | €461,988 | +€101,966 | +28.3% |
| Amounts receivable within one year | 40/41 | €287,256 | €386,707 | +€99,451 | +34.6% |
| Trade receivables | 40 | €115,207 | €175,960 | +€60,753 | +52.7% |
| Other amounts receivable | 41 | €172,049 | €210,747 | +€38,698 | +22.5% |
| Cash at bank and in hand | 54/58 | €744,312 | €732,229 | -€12,083 | -1.6% |
| Deferred charges and accrued income | 490/1 | €28,505 | €34,889 | +€6,384 | +22.4% |
| Total equity and liabilities | 10/49 | €1,987,485 | €2,136,214 | +€148,729 | +7.5% |
| Equity | 10/15 | €1,733,397 | €1,520,690 | -€212,706 | -12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,714,797 | €1,502,090 | -€212,706 | -12.4% |
| Non-distributable reserves | 130/1 | €60,990 | €60,990 | = | 0.0% |
| Legal reserve | 130 | €60,990 | €60,990 | = | 0.0% |
| Distributable reserves | 133 | €1,653,807 | €1,441,100 | -€212,706 | -12.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €254,089 | €615,524 | +€361,435 | +142% |
| Amounts payable after more than one year | 17 | €25,827 | €114,402 | +€88,575 | +343% |
| Financial debts | 170/4 | €25,827 | €114,402 | +€88,575 | +343% |
| Amounts payable within one year | 42/48 | €228,162 | €489,200 | +€261,038 | +114% |
| Current portion of amounts payable after more than one year | 42 | €45,205 | €53,931 | +€8,726 | +19.3% |
| Financial debts | 43 | - | €16,667 | +€16,667 | |
| Credit institutions | 430/8 | - | €16,667 | +€16,667 | |
| Trade debts | 44 | €32,644 | €114,822 | +€82,178 | +252% |
| Suppliers | 440/4 | €32,644 | €114,822 | +€82,178 | +252% |
| Taxes, remuneration and social security | 45 | €150,313 | €77,345 | -€72,968 | -48.5% |
| Taxes | 450/3 | €74,037 | €57,901 | -€16,136 | -21.8% |
| Remuneration and social security | 454/9 | €76,276 | €19,444 | -€56,832 | -74.5% |
| Other amounts payable | 47/48 | - | €226,435 | +€226,435 | |
| Accrued charges and deferred income | 492/3 | €100 | €11,922 | +€11,822 | +11,822% |
| Remuneration, social security and pensions | 62 | €705,696 | €826,943 | +€121,247 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,662 | €102,917 | +€21,254 | +26.0% |
| Other operating charges | 640/8 | €24,634 | €10,562 | -€14,072 | -57.1% |
| Gross operating margin | 9900 | €1,022,294 | €1,086,348 | +€64,054 | +6.3% |
| Operating profit (loss) | 9901 | €210,301 | €145,926 | -€64,375 | -30.6% |
| Financial income | 75/76B | €1,843 | €1,639 | -€204 | -11.1% |
| Recurring financial income | 75 | €1,843 | €1,639 | -€204 | -11.1% |
| Financial charges | 65/66B | €5,721 | €13,255 | +€7,535 | +132% |
| Recurring financial charges | 65 | €5,721 | €13,255 | +€7,535 | +132% |
| Profit (loss) for the period before taxes | 9903 | €206,424 | €134,310 | -€72,114 | -34.9% |
| Income taxes | 67/77 | €70,478 | €47,016 | -€23,463 | -33.3% |
| Profit (loss) for the period | 9904 | €135,946 | €87,294 | -€48,652 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €135,946 | €87,294 | -€48,652 | -35.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.