Valck Invest: what changed
What changed
Valck Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€16,064
2024 · €23,692-€7,628
Equity
€536,665
2024 · €520,600+€16,064
Cash
-
2024 · €11-€11
Balance sheet total
€1.1m
2024 · €1.1m-€6,898
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€62,084
down €62,084 (-28.0%), from €221,389 to €159,305
- Other debts +€36,228
up €36,228 (+14.8%), from €245,591 to €281,819
- Profit (loss) carried forward +€16,064
up €16,064 (+5.1%), from €312,540 to €328,605
Income statement
- Gross operating margin -€17,021
down €17,021 (-41.8%), from €40,682 to €23,661
- Financial charges -€5,118
down €5,118 (-94.3%), from €5,428 to €310
- Taxes -€2,756
down €2,756 (-31.0%), from €8,900 to €6,144
- Other operating charges -€1,520
down €1,520 (-57.1%), from €2,662 to €1,143
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€23,692
Gross operating margin
-€17,021
Other operating charges
+€1,520
Financial charges
+€5,118
Taxes
+€2,756
Result 2025
€16,064
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€63,095
Investment
€0
Financing
-€63,106
Cash 2024
€11
From operations (derived)
+€63,095
Net result for the year
+€16,064
Receivables within one year
+€2,527
Deferred charges and accrued income
+€4,360
Trade debts
+€716
Tax, wage and social debts
+€3,200
Other debts
+€36,228
Financing
-€63,106
Debts after one year
-€62,084
Current portion of long-term debt
-€6,072
Short-term financial debts
+€5,049
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,091,302 | €1,084,405 | -€6,898 | -0.6% |
| Fixed assets | 21/28 | €1,075,000 | €1,075,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,075,000 | €1,075,000 | = | 0.0% |
| Current assets | 29/58 | €16,302 | €9,405 | -€6,898 | -42.3% |
| Amounts receivable within one year | 40/41 | €11,931 | €9,405 | -€2,527 | -21.2% |
| Trade receivables | 40 | €4,380 | €183 | -€4,197 | -95.8% |
| Other amounts receivable | 41 | €7,551 | €9,221 | +€1,670 | +22.1% |
| Cash at bank and in hand | 54/58 | €11 | - | -€11 | |
| Deferred charges and accrued income | 490/1 | €4,360 | - | -€4,360 | |
| Total equity and liabilities | 10/49 | €1,091,302 | €1,084,405 | -€6,898 | -0.6% |
| Equity | 10/15 | €520,600 | €536,665 | +€16,064 | +3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €201,860 | €201,860 | = | 0.0% |
| Distributable reserves | 133 | €201,860 | €201,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,540 | €328,605 | +€16,064 | +5.1% |
| Amounts payable | 17/49 | €570,702 | €547,740 | -€22,962 | -4.0% |
| Amounts payable after more than one year | 17 | €221,389 | €159,305 | -€62,084 | -28.0% |
| Financial debts | 170/4 | €221,389 | €159,305 | -€62,084 | -28.0% |
| Amounts payable within one year | 42/48 | €340,313 | €379,435 | +€39,121 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €67,458 | €61,386 | -€6,072 | -9.0% |
| Financial debts | 43 | - | €5,049 | +€5,049 | |
| Credit institutions | 430/8 | - | €5,049 | +€5,049 | |
| Trade debts | 44 | €9,464 | €10,180 | +€716 | +7.6% |
| Suppliers | 440/4 | €9,464 | €10,180 | +€716 | +7.6% |
| Taxes, remuneration and social security | 45 | €17,800 | €21,000 | +€3,200 | +18.0% |
| Taxes | 450/3 | €17,800 | €15,000 | -€2,800 | -15.7% |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €245,591 | €281,819 | +€36,228 | +14.8% |
| Accrued charges and deferred income | 492/3 | €9,000 | €9,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,662 | €1,143 | -€1,520 | -57.1% |
| Gross operating margin | 9900 | €40,682 | €23,661 | -€17,021 | -41.8% |
| Operating profit (loss) | 9901 | €38,020 | €22,518 | -€15,502 | -40.8% |
| Financial charges | 65/66B | €5,428 | €310 | -€5,118 | -94.3% |
| Recurring financial charges | 65 | €5,428 | €310 | -€5,118 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €32,592 | €22,208 | -€10,384 | -31.9% |
| Income taxes | 67/77 | €8,900 | €6,144 | -€2,756 | -31.0% |
| Profit (loss) for the period | 9904 | €23,692 | €16,064 | -€7,628 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,692 | €16,064 | -€7,628 | -32.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.