VALCKIA: 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.
What changed
VALCKIA
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€778,094
2024 · €1.3m-€500,801
Equity
€2.9m
2024 · €2.1m+€778,094
Cash
€116,539
2024 · €275,172-€158,634
Balance sheet total
€10.0m
2024 · €20.0m-€10.0m
Largest movements
Assets
- Receivables within one year -€4.7m
down €4.7m (-75.5%), from €6.2m to €1.5m
of which Trade receivables: -€4.2m
- Stocks and contracts -€4.6m
down €4.6m (-40.7%), from €11.4m to €6.7m
- Intangible fixed assets -€484,801
down €484,801 (-26.0%), from €1.9m to €1.4m
Equity and liabilities
- Other debts -€6.3m
down €6.3m (-84.8%), from €7.5m to €1.1m
- Trade debts -€3.9m
down €3.9m (-49.8%), from €7.9m to €4.0m
- Reserves +€857,895
up €857,895 (+73.0%), from €1.2m to €2.0m
of which Distributable reserves: +€857,895
- Accrued charges and deferred income -€272,629
down €272,629 (-88.6%), from €307,688 to €35,059
- Debts after one year -€245,714
down €245,714 (-18.7%), from €1.3m to €1.1m
Income statement
- Turnover +€45.5m
new in 2025: €45.5m
- Goods and materials +€41.4m
new in 2025: €41.4m
of which Purchases: +€36.8m
- Gross operating margin -€2.9m
no longer reported in 2025 (was €2.9m)
- Services and other goods +€2.0m
new in 2025: €2.0m
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.
Result 2024
€1.3m
Turnover
+€45.5m
Other operating income
+€361,609
Goods and materials
-€41.4m
Services and other goods
-€2.0m
Staff costs
-€195,735
Depreciation
-€96,188
Write-downs
-€6,176
Other operating charges
-€6,086
Other operating items
-€2.8m
Financial income
+€5,456
Financial charges
+€33,138
Taxes
+€143,982
Result 2025
€778,094
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.
From operations
+€73,168
Investment
+€13,912
Financing
-€245,714
Cash 2024
€275,172
From operations (derived)
+€73,168
Net result for the year
+€778,094
Depreciation
+€489,281
Stocks and contracts
+€4.6m
Receivables within one year
+€4.7m
Deferred charges and accrued income
-€35
Trade debts
-€3.9m
Tax, wage and social debts
+€196,204
Advances received
-€151,394
Other debts
-€6.3m
Accrued charges and deferred income
-€272,629
Investment (derived)
+€13,912
Investment in fixed assets (net)
+€13,912
Financing
-€245,714
Debts after one year
-€245,714
Cash 2025
€116,539
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,979,530 | €9,986,976 | -€10.0m | -50.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,107,045 | €1,603,851 | -€503,194 | -23.9% |
| Intangible fixed assets | 21 | €1,866,959 | €1,382,157 | -€484,801 | -26.0% |
| Tangible fixed assets | 22/27 | €240,086 | €221,694 | -€18,392 | -7.7% |
| Plant, machinery and equipment | 23 | €20,311 | €15,949 | -€4,363 | -21.5% |
| Furniture and vehicles | 24 | €14,934 | €9,635 | -€5,300 | -35.5% |
| Other tangible fixed assets | 26 | €160,001 | €196,110 | +€36,110 | +22.6% |
| Assets under construction and advance payments | 27 | €44,839 | €0 | -€44,839 | -100.0% |
| Current assets | 29/58 | €17,872,485 | €8,383,125 | -€9.5m | -53.1% |
| Stocks and contracts in progress | 3 | €11,372,324 | €6,740,038 | -€4.6m | -40.7% |
| Stocks | 30/36 | €11,372,324 | €6,740,038 | -€4.6m | -40.7% |
| Goods purchased for resale | 34 | - | €6,740,038 | +€6.7m | |
| Amounts receivable within one year | 40/41 | €6,220,792 | €1,522,316 | -€4.7m | -75.5% |
| Trade receivables | 40 | €5,751,002 | €1,522,316 | -€4.2m | -73.5% |
| Other amounts receivable | 41 | €469,790 | €0 | -€469,790 | -100.0% |
| Cash at bank and in hand | 54/58 | €275,172 | €116,539 | -€158,634 | -57.6% |
| Deferred charges and accrued income | 490/1 | €4,197 | €4,232 | +€35 | +0.8% |
| Total equity and liabilities | 10/49 | €19,979,530 | €9,986,976 | -€10.0m | -50.0% |
| Equity | 10/15 | €2,132,883 | €2,910,978 | +€778,094 | +36.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,174,988 | €2,032,883 | +€857,895 | +73.0% |
| Tax-exempt reserves | 132 | €421,000 | €421,000 | = | 0.0% |
| Distributable reserves | 133 | €753,988 | €1,611,883 | +€857,895 | +113.8% |
| Profit (loss) carried forward | 14 | €857,895 | €778,094 | -€79,801 | -9.3% |
| Amounts payable | 17/49 | €17,846,646 | €7,075,998 | -€10.8m | -60.4% |
| Amounts payable after more than one year | 17 | €1,310,476 | €1,064,762 | -€245,714 | -18.7% |
| Financial debts | 170/4 | €1,310,476 | €1,064,762 | -€245,714 | -18.7% |
| Credit institutions | 173 | - | €1,064,762 | +€1.1m | |
| Amounts payable within one year | 42/48 | €16,228,482 | €5,976,177 | -€10.3m | -63.2% |
| Current portion of amounts payable after more than one year | 42 | €245,714 | €245,714 | = | 0.0% |
| Trade debts | 44 | €7,930,699 | €3,983,035 | -€3.9m | -49.8% |
| Suppliers | 440/4 | €7,930,699 | €3,983,035 | -€3.9m | -49.8% |
| Advances received on contracts in progress | 46 | €301,257 | €149,863 | -€151,394 | -50.3% |
| Taxes, remuneration and social security | 45 | €259,240 | €455,444 | +€196,204 | +75.7% |
| Taxes | 450/3 | €154,231 | €317,646 | +€163,415 | +106.0% |
| Remuneration and social security | 454/9 | €105,009 | €137,798 | +€32,790 | +31.2% |
| Other amounts payable | 47/48 | €7,491,572 | €1,142,121 | -€6.3m | -84.8% |
| Accrued charges and deferred income | 492/3 | €307,688 | €35,059 | -€272,629 | -88.6% |
| Operating income | 70/76A | - | €45,861,740 | +€45.9m | |
| Turnover | 70 | - | €45,491,307 | +€45.5m | |
| Other operating income | 74 | - | €361,609 | +€361,609 | |
| Non-recurring operating income | 76A | €9,851 | €8,824 | -€1,026 | -10.4% |
| Operating charges | 60/66A | - | €44,680,766 | +€44.7m | |
| Goods for resale, raw materials and consumables | 60 | - | €41,439,611 | +€41.4m | |
| Purchases | 600/8 | - | €36,819,999 | +€36.8m | |
| Change in stocks: decrease (increase) | 609 | - | €4,619,612 | +€4.6m | |
| Services and other goods | 61 | - | €1,950,596 | +€2.0m | |
| Remuneration, social security and pensions | 62 | €587,193 | €782,928 | +€195,735 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393,093 | €489,281 | +€96,188 | +24.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,102 | €10,277 | +€6,176 | +150.6% |
| Other operating charges | 640/8 | €1,986 | €8,072 | +€6,086 | +306.4% |
| Gross operating margin | 9900 | €2,850,726 | - | -€2.9m | |
| Operating profit (loss) | 9901 | €1,864,351 | €1,180,975 | -€683,376 | -36.7% |
| Financial income | 75/76B | €3,010 | €8,466 | +€5,456 | +181.2% |
| Recurring financial income | 75 | €3,010 | €8,466 | +€5,456 | +181.2% |
| Other financial income | 752/9 | - | €8,466 | +€8,466 | |
| Financial charges | 65/66B | €137,983 | €104,845 | -€33,138 | -24.0% |
| Recurring financial charges | 65 | €137,983 | €104,845 | -€33,138 | -24.0% |
| Debt charges | 650 | - | €104,186 | +€104,186 | |
| Other financial charges | 652/9 | - | €660 | +€660 | |
| Profit (loss) for the period before taxes | 9903 | €1,729,378 | €1,084,595 | -€644,783 | -37.3% |
| Income taxes | 67/77 | €450,483 | €306,501 | -€143,982 | -32.0% |
| Taxes | 670/3 | - | €306,501 | +€306,501 | |
| Profit (loss) for the period | 9904 | €1,278,895 | €778,094 | -€500,801 | -39.2% |
| Transfer to tax-exempt reserves | 689 | €421,000 | €0 | -€421,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €857,895 | €778,094 | -€79,801 | -9.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.