VALCKENIER VG: what changed
VALCKENIER VG
Largest movements
- Receivables within one year -€125,048
down €125,048 (-73.6%), from €169,905 to €44,857
of which Other amounts receivable: -€125,844
- Tangible fixed assets -€58,274
down €58,274 (-3.8%), from €1.5m to €1.5m
of which Leasing and similar rights: -€52,912
- Profit (loss) carried forward -€145,600
down €145,600, from €39,261 to -€106,339
- Debts after one year -€107,256
down €107,256 (-22.1%), from €486,402 to €379,146
of which Financial debts: -€105,006
- Other debts +€80,034
up €80,034 (+30.7%), from €261,000 to €341,034
- Other operating charges +€157,434
up €157,434 (+957%), from €16,450 to €173,884
- Gross operating margin -€85,848
down €85,848 (-47.3%), from €181,652 to €95,804
- Depreciation -€19,444
down €19,444 (-25.0%), from €77,719 to €58,274
- Taxes -€13,454
down €13,454, from €13,314 to -€139
- Financial charges -€10,518
down €10,518 (-35.3%), from €29,800 to €19,283
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,697,060 | €1,531,042 | -€166,018 | -9.8% |
| Fixed assets | 21/28 | €1,524,529 | €1,466,255 | -€58,274 | -3.8% |
| Tangible fixed assets | 22/27 | €1,524,529 | €1,466,255 | -€58,274 | -3.8% |
| Land and buildings | 22 | €735,000 | €735,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €60,896 | €55,533 | -€5,363 | -8.8% |
| Leasing and similar rights | 25 | €728,633 | €675,722 | -€52,912 | -7.3% |
| Current assets | 29/58 | €172,531 | €64,787 | -€107,744 | -62.4% |
| Amounts receivable within one year | 40/41 | €169,905 | €44,857 | -€125,048 | -73.6% |
| Trade receivables | 40 | €5,636 | €6,432 | +€796 | +14.1% |
| Other amounts receivable | 41 | €164,269 | €38,425 | -€125,844 | -76.6% |
| Cash at bank and in hand | 54/58 | €2,625 | €11,292 | +€8,667 | +330% |
| Deferred charges and accrued income | 490/1 | - | €8,637 | +€8,637 | |
| Total equity and liabilities | 10/49 | €1,697,060 | €1,531,042 | -€166,018 | -9.8% |
| Equity | 10/15 | €798,261 | €652,661 | -€145,600 | -18.2% |
| Contributions | 10/11 | €759,000 | €759,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,261 | -€106,339 | -€145,600 | |
| Amounts payable | 17/49 | €898,799 | €878,381 | -€20,418 | -2.3% |
| Amounts payable after more than one year | 17 | €486,402 | €379,146 | -€107,256 | -22.1% |
| Financial debts | 170/4 | €479,002 | €373,996 | -€105,006 | -21.9% |
| Other amounts payable | 178/9 | €7,400 | €5,150 | -€2,250 | -30.4% |
| Amounts payable within one year | 42/48 | €412,397 | €499,235 | +€86,838 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €141,609 | €141,575 | -€35 | 0.0% |
| Trade debts | 44 | €1,576 | €10,451 | +€8,875 | +563% |
| Suppliers | 440/4 | €1,576 | €10,451 | +€8,875 | +563% |
| Taxes, remuneration and social security | 45 | €8,211 | €6,175 | -€2,037 | -24.8% |
| Taxes | 450/3 | €8,211 | €6,175 | -€2,037 | -24.8% |
| Other amounts payable | 47/48 | €261,000 | €341,034 | +€80,034 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,719 | €58,274 | -€19,444 | -25.0% |
| Other operating charges | 640/8 | €16,450 | €173,884 | +€157,434 | +957% |
| Gross operating margin | 9900 | €181,652 | €95,804 | -€85,848 | -47.3% |
| Operating profit (loss) | 9901 | €87,483 | -€136,354 | -€223,837 | |
| Financial income | 75/76B | €5,129 | €9,897 | +€4,768 | +93.0% |
| Recurring financial income | 75 | €5,129 | €9,897 | +€4,768 | +93.0% |
| Financial charges | 65/66B | €29,800 | €19,283 | -€10,518 | -35.3% |
| Recurring financial charges | 65 | €29,800 | €19,283 | -€10,518 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €62,811 | -€145,740 | -€208,551 | |
| Income taxes | 67/77 | €13,314 | -€139 | -€13,454 | |
| Profit (loss) for the period | 9904 | €49,497 | -€145,600 | -€195,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,497 | -€145,600 | -€195,097 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.