Valckinvest: 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.
Valckinvest
Largest movements
- Cash +€144,127
up €144,127 (+110%), from €131,230 to €275,358
mainly Current investments (+€80,000) and Other debts (+€39,096)
- Current investments -€80,000
down €80,000 (-2.7%), from €3.0m to €2.9m
- Other debts +€39,096
up €39,096 (+8.3%), from €470,340 to €509,436
- Financial income -€19,794
down €19,794 (-22.9%), from €86,393 to €66,600
- Financial charges +€7,506
up €7,506 (+16.7%), from €45,055 to €52,562
- Depreciation -€2,665
down €2,665 (-27.7%), from €9,622 to €6,957
- Gross operating margin +€2,033
up €2,033 (+9.4%), from -€21,614 to -€19,581
- Other operating charges -€959
down €959 (-15.8%), from €6,062 to €5,102
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 | €3,224,244 | €3,259,173 | +€34,929 | +1.1% |
| Fixed assets | 21/28 | €88,266 | €81,309 | -€6,957 | -7.9% |
| Tangible fixed assets | 22/27 | €88,266 | €81,309 | -€6,957 | -7.9% |
| Land and buildings | 22 | €86,515 | €81,309 | -€5,206 | -6.0% |
| Plant, machinery and equipment | 23 | €40 | - | -€40 | |
| Furniture and vehicles | 24 | €1,711 | - | -€1,711 | |
| Current assets | 29/58 | €3,135,978 | €3,177,864 | +€41,885 | +1.3% |
| Amounts receivable within one year | 40/41 | €25,849 | €20,075 | -€5,774 | -22.3% |
| Trade receivables | 40 | €575 | €575 | = | 0.0% |
| Other amounts receivable | 41 | €25,274 | €19,500 | -€5,774 | -22.8% |
| Current investments | 50/53 | €2,950,000 | €2,870,000 | -€80,000 | -2.7% |
| Cash at bank and in hand | 54/58 | €131,230 | €275,358 | +€144,127 | +110% |
| Deferred charges and accrued income | 490/1 | €28,899 | €12,431 | -€16,468 | -57.0% |
| Total equity and liabilities | 10/49 | €3,224,244 | €3,259,173 | +€34,929 | +1.1% |
| Equity | 10/15 | €2,502,982 | €2,485,076 | -€17,906 | -0.7% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €2,205,510 | €2,187,604 | -€17,906 | -0.8% |
| Non-distributable reserves | 130/1 | €70,067 | €70,067 | = | 0.0% |
| Legal reserve | 130 | €70,067 | €70,067 | = | 0.0% |
| Distributable reserves | 133 | €2,135,443 | €2,117,537 | -€17,906 | -0.8% |
| Amounts payable | 17/49 | €721,262 | €774,097 | +€52,835 | +7.3% |
| Amounts payable after more than one year | 17 | €187,094 | €194,307 | +€7,213 | +3.9% |
| Other amounts payable | 178/9 | €187,094 | €194,307 | +€7,213 | +3.9% |
| Amounts payable within one year | 42/48 | €489,652 | €527,812 | +€38,160 | +7.8% |
| Trade debts | 44 | €712 | €2,176 | +€1,464 | +206% |
| Suppliers | 440/4 | €712 | €2,176 | +€1,464 | +206% |
| Taxes, remuneration and social security | 45 | €18,600 | €16,200 | -€2,400 | -12.9% |
| Taxes | 450/3 | €1,800 | - | -€1,800 | |
| Remuneration and social security | 454/9 | €16,800 | €16,200 | -€600 | -3.6% |
| Other amounts payable | 47/48 | €470,340 | €509,436 | +€39,096 | +8.3% |
| Accrued charges and deferred income | 492/3 | €44,516 | €51,978 | +€7,462 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,622 | €6,957 | -€2,665 | -27.7% |
| Other operating charges | 640/8 | €6,062 | €5,102 | -€959 | -15.8% |
| Gross operating margin | 9900 | -€21,614 | -€19,581 | +€2,033 | +9.4% |
| Operating profit (loss) | 9901 | -€37,298 | -€31,640 | +€5,658 | +15.2% |
| Financial income | 75/76B | €86,393 | €66,600 | -€19,794 | -22.9% |
| Recurring financial income | 75 | €86,393 | €66,600 | -€19,794 | -22.9% |
| Financial charges | 65/66B | €45,055 | €52,562 | +€7,506 | +16.7% |
| Recurring financial charges | 65 | €45,055 | €52,562 | +€7,506 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €4,040 | -€17,602 | -€21,642 | |
| Income taxes | 67/77 | €623 | €304 | -€318 | -51.1% |
| Profit (loss) for the period | 9904 | €3,417 | -€17,906 | -€21,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,417 | -€17,906 | -€21,324 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.