Valdan: 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.
Valdan
Largest movements
- Receivables within one year -€22,326
down €22,326 (-14.2%), from €156,880 to €134,554
of which Trade receivables: -€57,053
- Deferred charges and accrued income +€11,223
up €11,223 (+308%), from €3,643 to €14,866
- Tangible fixed assets -€9,422
down €9,422 (-46.7%), from €20,167 to €10,745
of which Furniture and vehicles: -€9,047
- Cash -€5,899
down €5,899 (-56.8%), from €10,391 to €4,492
mainly Trade debts (-€48,480) and Other debts (-€12,419)
- Trade debts -€48,480
down €48,480 (-28.0%), from €172,958 to €124,478
- Tax, wage and social debts +€15,300
up €15,300 (+464%), from €3,294 to €18,594
- Other debts -€12,419
no longer reported in 2024 (was €12,419)
- Reserves +€11,400
new in 2024: €11,400
- Profit (loss) carried forward +€7,775
up €7,775, from -€7,590 to €185
- Gross operating margin +€23,621
up €23,621 (+74.8%), from €31,560 to €55,181
- Taxes +€12,006
up €12,006 (+364%), from €3,294 to €15,300
- Other operating charges +€7,541
up €7,541 (+230%), from €3,279 to €10,820
- Financial income +€1,063
up €1,063 (+14,348%), from €7 to €1,071
- Staff costs -€825
no longer reported in 2024 (was €825)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,080 | €164,657 | -€26,424 | -13.8% |
| Fixed assets | 21/28 | €20,167 | €10,745 | -€9,422 | -46.7% |
| Tangible fixed assets | 22/27 | €20,167 | €10,745 | -€9,422 | -46.7% |
| Plant, machinery and equipment | 23 | €641 | €265 | -€375 | -58.6% |
| Furniture and vehicles | 24 | €19,526 | €10,479 | -€9,047 | -46.3% |
| Current assets | 29/58 | €170,914 | €153,912 | -€17,002 | -9.9% |
| Amounts receivable within one year | 40/41 | €156,880 | €134,554 | -€22,326 | -14.2% |
| Trade receivables | 40 | €144,769 | €87,716 | -€57,053 | -39.4% |
| Other amounts receivable | 41 | €12,111 | €46,838 | +€34,727 | +287% |
| Cash at bank and in hand | 54/58 | €10,391 | €4,492 | -€5,899 | -56.8% |
| Deferred charges and accrued income | 490/1 | €3,643 | €14,866 | +€11,223 | +308% |
| Total equity and liabilities | 10/49 | €191,080 | €164,657 | -€26,424 | -13.8% |
| Equity | 10/15 | €2,410 | €21,585 | +€19,175 | +796% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €11,400 | +€11,400 | |
| Distributable reserves | 133 | - | €11,400 | +€11,400 | |
| Profit (loss) carried forward | 14 | -€7,590 | €185 | +€7,775 | |
| Amounts payable | 17/49 | €188,670 | €143,072 | -€45,599 | -24.2% |
| Amounts payable within one year | 42/48 | €188,670 | €143,072 | -€45,599 | -24.2% |
| Trade debts | 44 | €172,958 | €124,478 | -€48,480 | -28.0% |
| Suppliers | 440/4 | €172,958 | €124,478 | -€48,480 | -28.0% |
| Taxes, remuneration and social security | 45 | €3,294 | €18,594 | +€15,300 | +464% |
| Taxes | 450/3 | €3,294 | €18,594 | +€15,300 | +464% |
| Other amounts payable | 47/48 | €12,419 | - | -€12,419 | |
| Remuneration, social security and pensions | 62 | €825 | - | -€825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,560 | €10,786 | +€226 | +2.1% |
| Other operating charges | 640/8 | €3,279 | €10,820 | +€7,541 | +230% |
| Gross operating margin | 9900 | €31,560 | €55,181 | +€23,621 | +74.8% |
| Operating profit (loss) | 9901 | €16,896 | €33,575 | +€16,679 | +98.7% |
| Financial income | 75/76B | €7 | €1,071 | +€1,063 | +14,348% |
| Recurring financial income | 75 | €7 | €1,071 | +€1,063 | +14,348% |
| Financial charges | 65/66B | €144 | €170 | +€26 | +18.1% |
| Recurring financial charges | 65 | €144 | €170 | +€26 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €16,759 | €34,475 | +€17,716 | +106% |
| Income taxes | 67/77 | €3,294 | €15,300 | +€12,006 | +364% |
| Profit (loss) for the period | 9904 | €13,465 | €19,175 | +€5,710 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,465 | €19,175 | +€5,710 | +42.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.