VALCKENIER: 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.
VALCKENIER
Largest movements
- Receivables within one year -€11,521
down €11,521 (-99.0%), from €11,642 to €121
of which Other amounts receivable: -€11,121
- Tangible fixed assets -€1,455
down €1,455 (-20.3%), from €7,159 to €5,704
of which Furniture and vehicles: -€1,175
- Deferred charges and accrued income +€720
up €720 (+67.2%), from €1,072 to €1,792
- Cash -€588
down €588 (-43.5%), from €1,350 to €763
mainly Contributions, distributions and other (-€36,000) and Net result for the year (-€6,170)
- Reserves -€36,000
down €36,000 (-45.7%), from €78,860 to €42,860
of which Distributable reserves: -€36,000
- Other debts +€34,256
up €34,256 (+11,419%), from €300 to €34,556
- Profit (loss) carried forward -€6,170
down €6,170 (-8.7%), from -€71,317 to -€77,486
- Tax, wage and social debts -€3,235
down €3,235 (-69.6%), from €4,647 to €1,412
- Current portion of long-term debt -€2,202
no longer reported in 2025 (was €2,202)
- Gross operating margin +€3,630
up €3,630 (+55.9%), from -€6,488 to -€2,858
- Depreciation -€3,617
down €3,617 (-71.3%), from €5,072 to €1,455
- Financial charges +€217
up €217 (+18.0%), from €1,205 to €1,422
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 | €21,223 | €8,380 | -€12,843 | -60.5% |
| Fixed assets | 21/28 | €7,159 | €5,704 | -€1,455 | -20.3% |
| Tangible fixed assets | 22/27 | €7,159 | €5,704 | -€1,455 | -20.3% |
| Plant, machinery and equipment | 23 | €280 | - | -€280 | |
| Furniture and vehicles | 24 | €6,879 | €5,704 | -€1,175 | -17.1% |
| Current assets | 29/58 | €14,064 | €2,676 | -€11,388 | -81.0% |
| Amounts receivable within one year | 40/41 | €11,642 | €121 | -€11,521 | -99.0% |
| Trade receivables | 40 | €400 | - | -€400 | |
| Other amounts receivable | 41 | €11,242 | €121 | -€11,121 | -98.9% |
| Cash at bank and in hand | 54/58 | €1,350 | €763 | -€588 | -43.5% |
| Deferred charges and accrued income | 490/1 | €1,072 | €1,792 | +€720 | +67.2% |
| Total equity and liabilities | 10/49 | €21,223 | €8,380 | -€12,843 | -60.5% |
| Equity | 10/15 | €13,743 | -€28,426 | -€42,170 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,860 | €42,860 | -€36,000 | -45.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €77,000 | €41,000 | -€36,000 | -46.8% |
| Profit (loss) carried forward | 14 | -€71,317 | -€77,486 | -€6,170 | -8.7% |
| Amounts payable | 17/49 | €7,480 | €36,806 | +€29,327 | +392% |
| Amounts payable within one year | 42/48 | €7,149 | €36,806 | +€29,657 | +415% |
| Current portion of amounts payable after more than one year | 42 | €2,202 | - | -€2,202 | |
| Trade debts | 44 | - | €838 | +€838 | |
| Suppliers | 440/4 | - | €838 | +€838 | |
| Taxes, remuneration and social security | 45 | €4,647 | €1,412 | -€3,235 | -69.6% |
| Taxes | 450/3 | €4,647 | €1,412 | -€3,235 | -69.6% |
| Other amounts payable | 47/48 | €300 | €34,556 | +€34,256 | +11,419% |
| Accrued charges and deferred income | 492/3 | €331 | - | -€331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,072 | €1,455 | -€3,617 | -71.3% |
| Other operating charges | 640/8 | €461 | €499 | +€38 | +8.3% |
| Gross operating margin | 9900 | -€6,488 | -€2,858 | +€3,630 | +55.9% |
| Operating profit (loss) | 9901 | -€12,021 | -€4,812 | +€7,209 | +60.0% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €1,205 | €1,422 | +€217 | +18.0% |
| Recurring financial charges | 65 | €1,205 | €1,422 | +€217 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,226 | -€6,170 | +€7,057 | +53.4% |
| Profit (loss) for the period | 9904 | -€13,226 | -€6,170 | +€7,057 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,226 | -€6,170 | +€7,057 | +53.4% |
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 14 October 2026 via checked.be.