ValcoSoft: 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.
ValcoSoft
Largest movements
- Cash +€44,058
up €44,058 (+378%), from €11,640 to €55,698
mainly Net result for the year (+€49,124) and Depreciation (+€27,290)
- Receivables within one year -€23,328
down €23,328 (-20.9%), from €111,538 to €88,210
of which Trade receivables: -€18,830
- Tangible fixed assets -€15,240
down €15,240 (-29.8%), from €51,192 to €35,952
of which Furniture and vehicles: -€13,853
- Stocks and contracts +€7,280
up €7,280 (+15.2%), from €47,978 to €55,257
- Reserves +€49,124
up €49,124 (+58.8%), from €83,510 to €132,635
- Trade debts -€27,485
down €27,485 (-26.6%), from €103,331 to €75,845
- Other debts -€6,793
down €6,793 (-100%), from €6,793 to €0
- Debts after one year -€4,370
down €4,370 (-51.8%), from €8,444 to €4,074
- Depreciation -€9,581
down €9,581 (-26.0%), from €36,871 to €27,290
- Taxes +€3,416
up €3,416 (+17.1%), from €19,937 to €23,353
- Staff costs +€2,716
up €2,716 (+5.2%), from €52,598 to €55,314
- Gross operating margin +€1,805
up €1,805 (+1.2%), from €153,956 to €155,761
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 | €222,348 | €235,117 | +€12,769 | +5.7% |
| Fixed assets | 21/28 | €51,192 | €35,952 | -€15,240 | -29.8% |
| Tangible fixed assets | 22/27 | €51,192 | €35,952 | -€15,240 | -29.8% |
| Plant, machinery and equipment | 23 | €4,315 | €2,929 | -€1,386 | -32.1% |
| Furniture and vehicles | 24 | €46,877 | €33,023 | -€13,853 | -29.6% |
| Current assets | 29/58 | €171,156 | €199,165 | +€28,009 | +16.4% |
| Stocks and contracts in progress | 3 | €47,978 | €55,257 | +€7,280 | +15.2% |
| Stocks | 30/36 | €47,978 | €55,257 | +€7,280 | +15.2% |
| Amounts receivable within one year | 40/41 | €111,538 | €88,210 | -€23,328 | -20.9% |
| Trade receivables | 40 | €106,893 | €88,063 | -€18,830 | -17.6% |
| Other amounts receivable | 41 | €4,645 | €147 | -€4,498 | -96.8% |
| Cash at bank and in hand | 54/58 | €11,640 | €55,698 | +€44,058 | +378% |
| Total equity and liabilities | 10/49 | €222,348 | €235,117 | +€12,769 | +5.7% |
| Equity | 10/15 | €89,710 | €138,835 | +€49,124 | +54.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,510 | €132,635 | +€49,124 | +58.8% |
| Distributable reserves | 133 | €83,510 | €132,635 | +€49,124 | +58.8% |
| Amounts payable | 17/49 | €132,637 | €96,282 | -€36,355 | -27.4% |
| Amounts payable after more than one year | 17 | €8,444 | €4,074 | -€4,370 | -51.8% |
| Financial debts | 170/4 | €8,444 | €4,074 | -€4,370 | -51.8% |
| Amounts payable within one year | 42/48 | €124,193 | €92,208 | -€31,985 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €4,303 | €4,370 | +€67 | +1.6% |
| Trade debts | 44 | €103,331 | €75,845 | -€27,485 | -26.6% |
| Suppliers | 440/4 | €103,331 | €75,845 | -€27,485 | -26.6% |
| Taxes, remuneration and social security | 45 | €9,767 | €11,993 | +€2,226 | +22.8% |
| Taxes | 450/3 | €0 | €1,815 | +€1,815 | |
| Remuneration and social security | 454/9 | €9,767 | €10,178 | +€411 | +4.2% |
| Other amounts payable | 47/48 | €6,793 | €0 | -€6,793 | -100% |
| Remuneration, social security and pensions | 62 | €52,598 | €55,314 | +€2,716 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,871 | €27,290 | -€9,581 | -26.0% |
| Other operating charges | 640/8 | €206 | €257 | +€51 | +25.0% |
| Non-recurring operating charges | 66A | - | €116 | +€116 | |
| Gross operating margin | 9900 | €153,956 | €155,761 | +€1,805 | +1.2% |
| Operating profit (loss) | 9901 | €64,282 | €72,784 | +€8,503 | +13.2% |
| Financial income | 75/76B | €3 | €17 | +€14 | +522% |
| Recurring financial income | 75 | €3 | €17 | +€14 | +522% |
| Financial charges | 65/66B | €377 | €324 | -€53 | -14.2% |
| Recurring financial charges | 65 | €377 | €324 | -€53 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €63,907 | €72,477 | +€8,570 | +13.4% |
| Income taxes | 67/77 | €19,937 | €23,353 | +€3,416 | +17.1% |
| Profit (loss) for the period | 9904 | €43,970 | €49,124 | +€5,154 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,970 | €49,124 | +€5,154 | +11.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.