VALDELGEST: 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.
VALDELGEST
Largest movements
- Current investments -€511,558
down €511,558 (-85.3%), from €600,000 to €88,442
- Cash -€202,427
down €202,427 (-96.9%), from €208,833 to €6,405
mainly Other debts (-€571,315) and Contributions, distributions and other (-€370,000)
- Receivables within one year -€15,390
no longer reported in 2026 (was €15,390)
of which Trade receivables: -€12,100
- Other debts -€571,315
down €571,315 (-96.9%), from €589,870 to €18,554
- Tax, wage and social debts -€172,012
down €172,012 (-95.3%), from €180,500 to €8,488
- Profit (loss) carried forward +€14,135
up €14,135 (+28.3%), from €50,000 to €64,135
- Gross operating margin +€123,152
up €123,152 (+32.2%), from €382,740 to €505,892
- Turnover +€122,777
up €122,777 (+26.0%), from €471,538 to €594,315
- Taxes +€31,470
up €31,470 (+34.4%), from €91,467 to €122,937
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €825,522 | €95,213 | -€730,308 | -88.5% |
| Current assets | 29/58 | €825,522 | €95,213 | -€730,308 | -88.5% |
| Amounts receivable within one year | 40/41 | €15,390 | - | -€15,390 | |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €3,290 | - | -€3,290 | |
| Current investments | 50/53 | €600,000 | €88,442 | -€511,558 | -85.3% |
| Cash at bank and in hand | 54/58 | €208,833 | €6,405 | -€202,427 | -96.9% |
| Deferred charges and accrued income | 490/1 | €1,299 | €366 | -€933 | -71.8% |
| Total equity and liabilities | 10/49 | €825,522 | €95,213 | -€730,308 | -88.5% |
| Equity | 10/15 | €52,500 | €66,635 | +€14,135 | +26.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,000 | €64,135 | +€14,135 | +28.3% |
| Amounts payable | 17/49 | €773,022 | €28,578 | -€744,444 | -96.3% |
| Amounts payable within one year | 42/48 | €773,022 | €28,578 | -€744,444 | -96.3% |
| Trade debts | 44 | €2,653 | €1,536 | -€1,117 | -42.1% |
| Suppliers | 440/4 | €2,653 | €1,536 | -€1,117 | -42.1% |
| Taxes, remuneration and social security | 45 | €180,500 | €8,488 | -€172,012 | -95.3% |
| Taxes | 450/3 | €180,500 | €8,488 | -€172,012 | -95.3% |
| Other amounts payable | 47/48 | €589,870 | €18,554 | -€571,315 | -96.9% |
| Turnover | 70 | €471,538 | €594,315 | +€122,777 | +26.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €90,638 | €90,575 | -€64 | -0.1% |
| Gross operating margin | 9900 | €382,740 | €505,892 | +€123,152 | +32.2% |
| Operating profit (loss) | 9901 | €382,740 | €505,892 | +€123,152 | +32.2% |
| Financial income | 75/76B | - | €1,252 | +€1,252 | |
| Recurring financial income | 75 | - | €1,252 | +€1,252 | |
| Financial charges | 65/66B | €73 | €72 | -€1 | -0.7% |
| Recurring financial charges | 65 | €73 | €72 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €382,668 | €507,072 | +€124,405 | +32.5% |
| Income taxes | 67/77 | €91,467 | €122,937 | +€31,470 | +34.4% |
| Profit (loss) for the period | 9904 | €291,201 | €384,135 | +€92,934 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €291,201 | €384,135 | +€92,934 | +31.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.