Valdevaqueros 2034: 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.
Valdevaqueros 2034
Largest movements
- Deferred charges and accrued income +€83,378
up €83,378 (+475%), from €17,548 to €100,926
- Current investments +€61,500
up €61,500 (+205%), from €30,000 to €91,500
- Cash +€59,833
up €59,833 (+191%), from €31,365 to €91,199
mainly Net result for the year (+€192,364) and Tax, wage and social debts (+€23,319)
- Receivables within one year +€12,780
up €12,780 (+511%), from €2,500 to €15,280
of which Other amounts receivable: +€12,375
- Reserves +€191,531
up €191,531 (+303%), from €63,297 to €254,827
- Tax, wage and social debts +€23,319
up €23,319 (+141%), from €16,564 to €39,883
- Gross operating margin +€177,180
up €177,180 (+226%), from €78,402 to €255,582
- Taxes +€38,255
up €38,255 (+177%), from €21,564 to €59,819
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 | €84,671 | €299,824 | +€215,153 | +254% |
| Fixed assets | 21/28 | €3,258 | €919 | -€2,339 | -71.8% |
| Tangible fixed assets | 22/27 | €3,258 | €919 | -€2,339 | -71.8% |
| Furniture and vehicles | 24 | €3,258 | €919 | -€2,339 | -71.8% |
| Current assets | 29/58 | €81,413 | €298,906 | +€217,492 | +267% |
| Amounts receivable within one year | 40/41 | €2,500 | €15,280 | +€12,780 | +511% |
| Trade receivables | 40 | - | €405 | +€405 | |
| Other amounts receivable | 41 | €2,500 | €14,875 | +€12,375 | +495% |
| Current investments | 50/53 | €30,000 | €91,500 | +€61,500 | +205% |
| Cash at bank and in hand | 54/58 | €31,365 | €91,199 | +€59,833 | +191% |
| Deferred charges and accrued income | 490/1 | €17,548 | €100,926 | +€83,378 | +475% |
| Total equity and liabilities | 10/49 | €84,671 | €299,824 | +€215,153 | +254% |
| Equity | 10/15 | €65,632 | €257,163 | +€191,531 | +292% |
| Contributions | 10/11 | €2,336 | €2,336 | = | 0.0% |
| Reserves | 13 | €63,297 | €254,827 | +€191,531 | +303% |
| Distributable reserves | 133 | €63,297 | €254,827 | +€191,531 | +303% |
| Amounts payable | 17/49 | €19,039 | €42,661 | +€23,622 | +124% |
| Amounts payable within one year | 42/48 | €19,039 | €42,661 | +€23,622 | +124% |
| Trade debts | 44 | €1,414 | €2,195 | +€781 | +55.2% |
| Suppliers | 440/4 | €1,414 | €2,195 | +€781 | +55.2% |
| Taxes, remuneration and social security | 45 | €16,564 | €39,883 | +€23,319 | +141% |
| Taxes | 450/3 | €16,564 | €39,883 | +€23,319 | +141% |
| Other amounts payable | 47/48 | €1,061 | €583 | -€478 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,963 | €2,339 | -€623 | -21.0% |
| Other operating charges | 640/8 | €2,333 | €1,577 | -€757 | -32.4% |
| Gross operating margin | 9900 | €78,402 | €255,582 | +€177,180 | +226% |
| Operating profit (loss) | 9901 | €73,107 | €251,666 | +€178,560 | +244% |
| Financial income | 75/76B | - | €621 | +€621 | |
| Recurring financial income | 75 | - | €621 | +€621 | |
| Financial charges | 65/66B | €79 | €103 | +€24 | +30.0% |
| Recurring financial charges | 65 | €79 | €103 | +€24 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €73,027 | €252,183 | +€179,156 | +245% |
| Income taxes | 67/77 | €21,564 | €59,819 | +€38,255 | +177% |
| Profit (loss) for the period | 9904 | €51,463 | €192,364 | +€140,901 | +274% |
| Profit (loss) for the period to be appropriated | 9905 | €51,463 | €192,364 | +€140,901 | +274% |
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 16 October 2026 via checked.be.