VALCAPRINVEST: 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.
VALCAPRINVEST
Largest movements
- Cash +€3,564
up €3,564 (+38.8%), from €9,178 to €12,742
mainly Other debts (+€10,000) and Depreciation (+€8,236)
- Other debts +€10,000
up €10,000 (+6.7%), from €150,262 to €160,262
- Profit (loss) carried forward -€5,482
down €5,482 (-8.4%), from -€65,126 to -€70,608
- Trade debts -€1,349
no longer reported in 2025 (was €1,349)
- Gross operating margin +€3,486
up €3,486 (+123.0%), from €2,834 to €6,320
- Depreciation +€526
up €526 (+6.8%), from €7,710 to €8,236
- Other operating charges +€75
up €75 (+2.2%), from €3,372 to €3,447
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 | €116,485 | €119,654 | +€3,169 | +2.7% |
| Fixed assets | 21/28 | €106,743 | €106,312 | -€431 | -0.4% |
| Tangible fixed assets | 22/27 | €106,743 | €106,312 | -€431 | -0.4% |
| Land and buildings | 22 | €106,743 | €106,312 | -€431 | -0.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €9,742 | €13,341 | +€3,599 | +36.9% |
| Cash at bank and in hand | 54/58 | €9,178 | €12,742 | +€3,564 | +38.8% |
| Deferred charges and accrued income | 490/1 | €564 | €600 | +€35 | +6.3% |
| Total equity and liabilities | 10/49 | €116,485 | €119,654 | +€3,169 | +2.7% |
| Equity | 10/15 | -€35,126 | -€40,608 | -€5,482 | -15.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,126 | -€70,608 | -€5,482 | -8.4% |
| Amounts payable | 17/49 | €151,611 | €160,262 | +€8,651 | +5.7% |
| Amounts payable within one year | 42/48 | €151,611 | €160,262 | +€8,651 | +5.7% |
| Trade debts | 44 | €1,349 | - | -€1,349 | |
| Suppliers | 440/4 | €1,349 | - | -€1,349 | |
| Other amounts payable | 47/48 | €150,262 | €160,262 | +€10,000 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,710 | €8,236 | +€526 | +6.8% |
| Other operating charges | 640/8 | €3,372 | €3,447 | +€75 | +2.2% |
| Gross operating margin | 9900 | €2,834 | €6,320 | +€3,486 | +123.0% |
| Operating profit (loss) | 9901 | -€8,248 | -€5,364 | +€2,885 | +35.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €120 | €119 | -€1 | -0.7% |
| Recurring financial charges | 65 | €120 | €119 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,368 | -€5,482 | +€2,886 | +34.5% |
| Profit (loss) for the period | 9904 | -€8,368 | -€5,482 | +€2,886 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,368 | -€5,482 | +€2,886 | +34.5% |
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 11 October 2026 via checked.be.