VALCKE & ASSOCIATES: 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.
VALCKE & ASSOCIATES
Largest movements
- Cash +€17,110
up €17,110 (+68.5%), from €24,972 to €42,083
mainly Other debts (+€45,809) and Trade debts (+€7,654)
- Tangible fixed assets -€1,953
down €1,953 (-78.3%), from €2,495 to €543
- Other debts +€45,809
up €45,809 (+46.1%), from €99,325 to €145,134
- Profit (loss) carried forward -€39,297
down €39,297 (-59.7%), from -€65,861 to -€105,158
- Trade debts +€7,654
up €7,654 (+103%), from €7,414 to €15,068
- Gross operating margin +€2,654
up €2,654 (+6.6%), from -€39,944 to -€37,290
- Other operating charges -€858
down €858 (-100%), from €858 to €0
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 | €70,788 | €85,637 | +€14,850 | +21.0% |
| Fixed assets | 21/28 | €2,495 | €543 | -€1,953 | -78.3% |
| Tangible fixed assets | 22/27 | €2,495 | €543 | -€1,953 | -78.3% |
| Furniture and vehicles | 24 | €2,495 | €543 | -€1,953 | -78.3% |
| Current assets | 29/58 | €68,292 | €85,095 | +€16,802 | +24.6% |
| Amounts receivable within one year | 40/41 | €43,253 | €43,011 | -€242 | -0.6% |
| Trade receivables | 40 | €23,253 | €33,011 | +€9,758 | +42.0% |
| Other amounts receivable | 41 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €24,972 | €42,083 | +€17,110 | +68.5% |
| Deferred charges and accrued income | 490/1 | €67 | €1 | -€66 | -98.3% |
| Total equity and liabilities | 10/49 | €70,788 | €85,637 | +€14,850 | +21.0% |
| Equity | 10/15 | -€45,401 | -€84,698 | -€39,297 | -86.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,861 | -€105,158 | -€39,297 | -59.7% |
| Amounts payable | 17/49 | €116,189 | €170,335 | +€54,146 | +46.6% |
| Amounts payable within one year | 42/48 | €116,189 | €170,335 | +€54,146 | +46.6% |
| Trade debts | 44 | €7,414 | €15,068 | +€7,654 | +103% |
| Suppliers | 440/4 | €7,414 | €15,068 | +€7,654 | +103% |
| Taxes, remuneration and social security | 45 | €9,451 | €10,134 | +€683 | +7.2% |
| Taxes | 450/3 | €9,451 | €10,134 | +€683 | +7.2% |
| Other amounts payable | 47/48 | €99,325 | €145,134 | +€45,809 | +46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,995 | €1,953 | -€42 | -2.1% |
| Other operating charges | 640/8 | €858 | €0 | -€858 | -100% |
| Gross operating margin | 9900 | -€39,944 | -€37,290 | +€2,654 | +6.6% |
| Operating profit (loss) | 9901 | -€42,796 | -€39,243 | +€3,554 | +8.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €66 | €54 | -€12 | -18.3% |
| Recurring financial charges | 65 | €66 | €54 | -€12 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€42,862 | -€39,297 | +€3,566 | +8.3% |
| Profit (loss) for the period | 9904 | -€42,862 | -€39,297 | +€3,566 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,862 | -€39,297 | +€3,566 | +8.3% |
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 23 October 2026 via checked.be.