VALDANNI: 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.
VALDANNI
Largest movements
- Receivables within one year +€8,326
up €8,326 (+241.3%), from €3,450 to €11,776
of which Trade receivables: +€7,909
- Cash -€5,463
down €5,463 (-77.0%), from €7,095 to €1,632
mainly Receivables within one year (-€8,326) and Tax, wage and social debts (-€642)
- Tangible fixed assets -€338
down €338 (-25.5%), from €1,327 to €989
- Other debts +€2,004
up €2,004 (+42.4%), from €4,721 to €6,725
- Profit (loss) carried forward +€1,503
up €1,503 (+42.8%), from €3,508 to €5,011
- Tax, wage and social debts -€642
down €642 (-96.4%), from €666 to €24
- Trade debts -€339
down €339 (-34.7%), from €977 to €638
- Gross operating margin +€1,013
up €1,013 (+89.9%), from €1,126 to €2,139
- Taxes +€24
new in 2025: €24
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 | €11,872 | €14,397 | +€2,525 | +21.3% |
| Fixed assets | 21/28 | €1,327 | €989 | -€338 | -25.5% |
| Tangible fixed assets | 22/27 | €1,327 | €989 | -€338 | -25.5% |
| Furniture and vehicles | 24 | €1,327 | €989 | -€338 | -25.5% |
| Current assets | 29/58 | €10,545 | €13,408 | +€2,863 | +27.2% |
| Amounts receivable within one year | 40/41 | €3,450 | €11,776 | +€8,326 | +241.3% |
| Trade receivables | 40 | €3,450 | €11,359 | +€7,909 | +229.2% |
| Other amounts receivable | 41 | - | €417 | +€417 | |
| Cash at bank and in hand | 54/58 | €7,095 | €1,632 | -€5,463 | -77.0% |
| Total equity and liabilities | 10/49 | €11,872 | €14,397 | +€2,525 | +21.3% |
| Equity | 10/15 | €5,508 | €7,011 | +€1,503 | +27.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,508 | €5,011 | +€1,503 | +42.8% |
| Amounts payable | 17/49 | €6,364 | €7,386 | +€1,023 | +16.1% |
| Amounts payable within one year | 42/48 | €6,364 | €7,386 | +€1,023 | +16.1% |
| Trade debts | 44 | €977 | €638 | -€339 | -34.7% |
| Suppliers | 440/4 | €977 | €638 | -€339 | -34.7% |
| Taxes, remuneration and social security | 45 | €666 | €24 | -€642 | -96.4% |
| Taxes | 450/3 | €666 | €24 | -€642 | -96.4% |
| Other amounts payable | 47/48 | €4,721 | €6,725 | +€2,004 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €338 | = | 0.0% |
| Other operating charges | 640/8 | €147 | €147 | +€0 | +0.2% |
| Gross operating margin | 9900 | €1,126 | €2,139 | +€1,013 | +89.9% |
| Operating profit (loss) | 9901 | €642 | €1,654 | +€1,012 | +157.8% |
| Financial charges | 65/66B | €125 | €127 | +€3 | +2.3% |
| Recurring financial charges | 65 | €125 | €127 | +€3 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €517 | €1,527 | +€1,010 | +195.2% |
| Income taxes | 67/77 | - | €24 | +€24 | |
| Profit (loss) for the period | 9904 | €517 | €1,503 | +€986 | +190.6% |
| Profit (loss) for the period to be appropriated | 9905 | €517 | €1,503 | +€986 | +190.6% |
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 4 October 2026 via checked.be.