VALDE: 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.
VALDE
Largest movements
- Tangible fixed assets -€7,431
down €7,431 (-10.4%), from €71,507 to €64,076
of which Furniture and vehicles: -€4,580
- Profit (loss) carried forward -€11,119
down €11,119 (-49.9%), from -€22,271 to -€33,391
- Depreciation +€1,112
up €1,112 (+17.6%), from €6,320 to €7,431
- Gross operating margin -€880
down €880 (-203.2%), from -€433 to -€1,314
- Financial income +€847
new in 2025: €847
- Financial charges +€138
up €138 (+14.8%), from €931 to €1,068
- Other operating charges +€66
up €66 (+3.1%), from €2,087 to €2,153
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 | €329,949 | €321,174 | -€8,775 | -2.7% |
| Fixed assets | 21/28 | €71,507 | €64,076 | -€7,431 | -10.4% |
| Tangible fixed assets | 22/27 | €71,507 | €64,076 | -€7,431 | -10.4% |
| Land and buildings | 22 | €42,398 | €42,398 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,266 | €8,415 | -€2,851 | -25.3% |
| Furniture and vehicles | 24 | €17,843 | €13,263 | -€4,580 | -25.7% |
| Current assets | 29/58 | €258,442 | €257,098 | -€1,344 | -0.5% |
| Amounts receivable within one year | 40/41 | €17,308 | €14,416 | -€2,892 | -16.7% |
| Trade receivables | 40 | €7,800 | - | -€7,800 | |
| Other amounts receivable | 41 | €9,508 | €14,416 | +€4,908 | +51.6% |
| Cash at bank and in hand | 54/58 | €241,133 | €241,835 | +€702 | +0.3% |
| Deferred charges and accrued income | 490/1 | - | €847 | +€847 | |
| Total equity and liabilities | 10/49 | €329,949 | €321,174 | -€8,775 | -2.7% |
| Equity | 10/15 | €233,666 | €222,547 | -€11,119 | -4.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €193,938 | €193,938 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €187,738 | €187,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,271 | -€33,391 | -€11,119 | -49.9% |
| Amounts payable | 17/49 | €96,282 | €98,626 | +€2,344 | +2.4% |
| Amounts payable within one year | 42/48 | €53,826 | €56,171 | +€2,344 | +4.4% |
| Trade debts | 44 | €292 | €2,368 | +€2,076 | +710.8% |
| Suppliers | 440/4 | €292 | €2,368 | +€2,076 | +710.8% |
| Other amounts payable | 47/48 | €53,534 | €53,802 | +€268 | +0.5% |
| Accrued charges and deferred income | 492/3 | €42,456 | €42,456 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,320 | €7,431 | +€1,112 | +17.6% |
| Other operating charges | 640/8 | €2,087 | €2,153 | +€66 | +3.1% |
| Gross operating margin | 9900 | -€433 | -€1,314 | -€880 | -203.2% |
| Operating profit (loss) | 9901 | -€8,840 | -€10,898 | -€2,057 | -23.3% |
| Financial income | 75/76B | - | €847 | +€847 | |
| Recurring financial income | 75 | - | €847 | +€847 | |
| Financial charges | 65/66B | €931 | €1,068 | +€138 | +14.8% |
| Recurring financial charges | 65 | €931 | €1,068 | +€138 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,771 | -€11,119 | -€1,348 | -13.8% |
| Profit (loss) for the period | 9904 | -€9,771 | -€11,119 | -€1,348 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,771 | -€11,119 | -€1,348 | -13.8% |
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 8 October 2026 via checked.be.