VALDAMAR: 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.
VALDAMAR
Largest movements
- Receivables within one year +€39,902
up €39,902 (+32759.9%), from €122 to €40,023
of which Other amounts receivable: +€31,190
- Cash -€18,350
down €18,350 (-98.0%), from €18,733 to €383
mainly Receivables within one year (-€39,902) and Other debts (-€892)
- Receivables after one year -€8,000
down €8,000 (-80.0%), from €10,000 to €2,000
- Tangible fixed assets -€633
down €633 (-25.3%), from €2,501 to €1,868
of which Furniture and vehicles: -€555
- Profit (loss) carried forward +€11,163
up €11,163 (+59.7%), from -€18,687 to -€7,524
- Tax, wage and social debts +€3,367
up €3,367 (+114.7%), from €2,936 to €6,304
- Other debts -€892
down €892 (-100.0%), from €892 to €0
- Gross operating margin -€5,757
down €5,757 (-31.8%), from €18,089 to €12,331
- Financial charges -€1,433
down €1,433 (-82.2%), from €1,744 to €311
- Depreciation +€495
up €495 (+359.5%), from €138 to €633
- Other operating charges +€202
up €202 (+38.2%), from €528 to €730
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,770 | €45,955 | +€13,185 | +40.2% |
| Fixed assets | 21/28 | €2,501 | €1,868 | -€633 | -25.3% |
| Tangible fixed assets | 22/27 | €2,501 | €1,868 | -€633 | -25.3% |
| Land and buildings | 22 | €235 | €157 | -€78 | -33.3% |
| Furniture and vehicles | 24 | €2,266 | €1,711 | -€555 | -24.5% |
| Current assets | 29/58 | €30,269 | €44,087 | +€13,818 | +45.6% |
| Amounts receivable after more than one year | 29 | €10,000 | €2,000 | -€8,000 | -80.0% |
| Other amounts receivable | 291 | €10,000 | €2,000 | -€8,000 | -80.0% |
| Amounts receivable within one year | 40/41 | €122 | €40,023 | +€39,902 | +32759.9% |
| Trade receivables | 40 | €0 | €8,712 | +€8,712 | |
| Other amounts receivable | 41 | €122 | €31,311 | +€31,190 | +25607.2% |
| Cash at bank and in hand | 54/58 | €18,733 | €383 | -€18,350 | -98.0% |
| Deferred charges and accrued income | 490/1 | €1,414 | €1,681 | +€266 | +18.8% |
| Total equity and liabilities | 10/49 | €32,770 | €45,955 | +€13,185 | +40.2% |
| Equity | 10/15 | €27,913 | €39,076 | +€11,163 | +40.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,687 | -€7,524 | +€11,163 | +59.7% |
| Amounts payable | 17/49 | €4,857 | €6,878 | +€2,022 | +41.6% |
| Amounts payable within one year | 42/48 | €4,857 | €6,878 | +€2,022 | +41.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,029 | €575 | -€454 | -44.1% |
| Suppliers | 440/4 | €1,029 | €575 | -€454 | -44.1% |
| Taxes, remuneration and social security | 45 | €2,936 | €6,304 | +€3,367 | +114.7% |
| Taxes | 450/3 | €2,936 | €6,304 | +€3,367 | +114.7% |
| Other amounts payable | 47/48 | €892 | €0 | -€892 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €633 | +€495 | +359.5% |
| Other operating charges | 640/8 | €528 | €730 | +€202 | +38.2% |
| Gross operating margin | 9900 | €18,089 | €12,331 | -€5,757 | -31.8% |
| Operating profit (loss) | 9901 | €17,423 | €10,969 | -€6,454 | -37.0% |
| Financial income | 75/76B | €366 | €505 | +€140 | +38.2% |
| Recurring financial income | 75 | €366 | €505 | +€140 | +38.2% |
| Financial charges | 65/66B | €1,744 | €311 | -€1,433 | -82.2% |
| Recurring financial charges | 65 | €1,744 | €311 | -€1,433 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | €16,045 | €11,163 | -€4,882 | -30.4% |
| Profit (loss) for the period | 9904 | €16,045 | €11,163 | -€4,882 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,045 | €11,163 | -€4,882 | -30.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.