VALCKEN: what changed
Two fiscal 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.
VALCKEN
Largest movements
- Cash -€19,937
down €19,937 (-99.1%), from €20,111 to €173
mainly Current investments (-€18,900) and Receivables within one year (-€1,231)
- Current investments +€18,900
new in 2025: €18,900
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€383
down €383 (-57.4%), from €667 to €284
- Gross operating margin -€39
down €39 (-28.7%), from €135 to €97
- Taxes -€30
no longer reported in 2025 (was €30)
- Other operating charges +€17
up €17 (+3.2%), from €539 to €557
- Financial charges +€2
up €2 (+5.3%), from €29 to €30
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 | €498,310 | €498,504 | +€194 | 0.0% |
| Fixed assets | 21/28 | €478,000 | €478,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €478,000 | €478,000 | = | 0.0% |
| Land and buildings | 22 | €478,000 | €478,000 | = | 0.0% |
| Current assets | 29/58 | €20,310 | €20,504 | +€194 | +1.0% |
| Amounts receivable within one year | 40/41 | €200 | €1,431 | +€1,231 | +615.6% |
| Trade receivables | 40 | - | €1,346 | +€1,346 | |
| Other amounts receivable | 41 | €200 | €85 | -€115 | -57.4% |
| Current investments | 50/53 | - | €18,900 | +€18,900 | |
| Cash at bank and in hand | 54/58 | €20,111 | €173 | -€19,937 | -99.1% |
| Total equity and liabilities | 10/49 | €498,310 | €498,504 | +€194 | 0.0% |
| Equity | 10/15 | €498,310 | €498,105 | -€206 | 0.0% |
| Contributions | 10/11 | €503,000 | €503,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,690 | -€4,895 | -€206 | -4.4% |
| Amounts payable | 17/49 | €0 | €400 | +€400 | |
| Amounts payable within one year | 42/48 | €0 | €400 | +€400 | |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other operating charges | 640/8 | €539 | €557 | +€17 | +3.2% |
| Gross operating margin | 9900 | €135 | €97 | -€39 | -28.7% |
| Operating profit (loss) | 9901 | -€404 | -€460 | -€56 | -13.9% |
| Financial income | 75/76B | €667 | €284 | -€383 | -57.4% |
| Recurring financial income | 75 | €667 | €284 | -€383 | -57.4% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €234 | -€206 | -€440 | |
| Income taxes | 67/77 | €30 | - | -€30 | |
| Profit (loss) for the period | 9904 | €204 | -€206 | -€410 | |
| Profit (loss) for the period to be appropriated | 9905 | €204 | -€206 | -€410 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.