VALDESRO: what changed
What changed
VALDESRO
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€64,550
2024 · €9,513+€55,037
Equity
€408,602
2024 · €344,051+€64,550
Cash
€20,621
2024 · €10,803+€9,818
Balance sheet total
€1.9m
2024 · €1.7m+€227,109
Largest movements
Assets
- Receivables within one year +€244,369
up €244,369 (+19.6%), from €1.2m to €1.5m
of which Trade receivables: +€249,661
- Tangible fixed assets -€27,078
down €27,078 (-6.0%), from €448,332 to €421,253
of which Land and buildings: -€25,188
Equity and liabilities
- Trade debts +€172,799
up €172,799 (+14.3%), from €1.2m to €1.4m
- Reserves +€64,550
up €64,550 (+33.3%), from €194,051 to €258,602
of which Distributable reserves: +€64,550
- Debts after one year -€25,335
down €25,335 (-100%), from €25,335 to €0
Income statement
- Gross operating margin +€79,447
up €79,447 (+31.0%), from €256,475 to €335,923
- Taxes +€25,882
up €25,882 (+423%), from €6,117 to €31,999
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,513
Gross operating margin
+€79,447
Staff costs
-€166
Depreciation
+€445
Other operating charges
+€46
Financial income
+€7
Financial charges
+€1,140
Taxes
-€25,882
Result 2025
€64,550
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€39,330
Investment
€0
Financing
-€29,512
Cash 2024
€10,803
From operations (derived)
+€39,330
Net result for the year
+€64,550
Depreciation
+€27,078
Receivables within one year
-€244,369
Trade debts
+€172,799
Tax, wage and social debts
+€18,875
Other debts
+€397
Financing
-€29,512
Debts after one year
-€25,335
Current portion of long-term debt
-€4,178
Cash 2025
€20,621
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,705,762 | €1,932,870 | +€227,109 | +13.3% |
| Fixed assets | 21/28 | €448,332 | €421,253 | -€27,078 | -6.0% |
| Tangible fixed assets | 22/27 | €448,332 | €421,253 | -€27,078 | -6.0% |
| Land and buildings | 22 | €441,432 | €416,244 | -€25,188 | -5.7% |
| Plant, machinery and equipment | 23 | €6,900 | €5,010 | -€1,890 | -27.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,257,430 | €1,511,617 | +€254,187 | +20.2% |
| Amounts receivable within one year | 40/41 | €1,246,627 | €1,490,996 | +€244,369 | +19.6% |
| Trade receivables | 40 | €1,226,735 | €1,476,395 | +€249,661 | +20.4% |
| Other amounts receivable | 41 | €19,892 | €14,601 | -€5,291 | -26.6% |
| Cash at bank and in hand | 54/58 | €10,803 | €20,621 | +€9,818 | +90.9% |
| Total equity and liabilities | 10/49 | €1,705,762 | €1,932,870 | +€227,109 | +13.3% |
| Equity | 10/15 | €344,051 | €408,602 | +€64,550 | +18.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €194,051 | €258,602 | +€64,550 | +33.3% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €179,051 | €243,602 | +€64,550 | +36.1% |
| Amounts payable | 17/49 | €1,361,710 | €1,524,268 | +€162,558 | +11.9% |
| Amounts payable after more than one year | 17 | €25,335 | €0 | -€25,335 | -100% |
| Financial debts | 170/4 | €25,335 | €0 | -€25,335 | -100% |
| Amounts payable within one year | 42/48 | €1,336,376 | €1,524,268 | +€187,893 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €29,512 | €25,335 | -€4,178 | -14.2% |
| Trade debts | 44 | €1,206,127 | €1,378,926 | +€172,799 | +14.3% |
| Suppliers | 440/4 | €1,206,127 | €1,378,926 | +€172,799 | +14.3% |
| Taxes, remuneration and social security | 45 | €22,937 | €41,812 | +€18,875 | +82.3% |
| Taxes | 450/3 | €951 | €16,999 | +€16,047 | +1,687% |
| Remuneration and social security | 454/9 | €21,985 | €24,813 | +€2,827 | +12.9% |
| Other amounts payable | 47/48 | €77,799 | €78,196 | +€397 | +0.5% |
| Remuneration, social security and pensions | 62 | €207,588 | €207,754 | +€166 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,524 | €27,078 | -€445 | -1.6% |
| Other operating charges | 640/8 | €3,827 | €3,781 | -€46 | -1.2% |
| Gross operating margin | 9900 | €256,475 | €335,923 | +€79,447 | +31.0% |
| Operating profit (loss) | 9901 | €17,537 | €97,309 | +€79,772 | +455% |
| Financial income | 75/76B | €3 | €10 | +€7 | +223% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +223% |
| Financial charges | 65/66B | €1,910 | €770 | -€1,140 | -59.7% |
| Recurring financial charges | 65 | €1,910 | €770 | -€1,140 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €15,630 | €96,549 | +€80,919 | +518% |
| Income taxes | 67/77 | €6,117 | €31,999 | +€25,882 | +423% |
| Profit (loss) for the period | 9904 | €9,513 | €64,550 | +€55,037 | +579% |
| Profit (loss) for the period to be appropriated | 9905 | €9,513 | €64,550 | +€55,037 | +579% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.