VALDIAM: 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.
VALDIAM
Largest movements
- Stocks and contracts +€57,195
up €57,195 (+17.7%), from €322,913 to €380,108
- Receivables within one year +€19,116
up €19,116 (+4959.8%), from €385 to €19,501
of which Trade receivables: +€18,098
- Cash -€15,450
down €15,450 (-80.6%), from €19,176 to €3,726
mainly Stocks and contracts (-€57,195) and Receivables within one year (-€19,116)
- Other debts +€20,100
up €20,100 (+5.3%), from €380,843 to €400,943
- Tax, wage and social debts +€16,724
up €16,724 (+254.5%), from €6,572 to €23,296
of which Remuneration and social security: +€12,600
- Profit (loss) carried forward +€14,464
up €14,464 (+33.1%), from -€43,735 to -€29,271
- Trade debts +€10,020
up €10,020 (+2058.4%), from €487 to €10,507
- Gross operating margin +€35,572
up €35,572, from -€13,434 to €22,138
- Financial charges +€2,967
up €2,967 (+1635.6%), from €181 to €3,148
- Taxes -€2,448
down €2,448 (-37.3%), from €6,572 to €4,124
- Other operating charges -€1,567
down €1,567 (-72.8%), from €2,152 to €585
- Depreciation +€313
up €313 (+56.5%), from €554 to €867
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 | €345,167 | €406,475 | +€61,308 | +17.8% |
| Fixed assets | 21/28 | €2,031 | €3,140 | +€1,109 | +54.6% |
| Tangible fixed assets | 22/27 | €831 | €1,940 | +€1,109 | +133.5% |
| Plant, machinery and equipment | 23 | - | €1,638 | +€1,638 | |
| Furniture and vehicles | 24 | €831 | €302 | -€529 | -63.6% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €343,136 | €403,335 | +€60,198 | +17.5% |
| Stocks and contracts in progress | 3 | €322,913 | €380,108 | +€57,195 | +17.7% |
| Stocks | 30/36 | €322,913 | €380,108 | +€57,195 | +17.7% |
| Amounts receivable within one year | 40/41 | €385 | €19,501 | +€19,116 | +4959.8% |
| Trade receivables | 40 | - | €18,098 | +€18,098 | |
| Other amounts receivable | 41 | €385 | €1,403 | +€1,018 | +264.0% |
| Cash at bank and in hand | 54/58 | €19,176 | €3,726 | -€15,450 | -80.6% |
| Deferred charges and accrued income | 490/1 | €662 | - | -€662 | |
| Total equity and liabilities | 10/49 | €345,167 | €406,475 | +€61,308 | +17.8% |
| Equity | 10/15 | -€42,735 | -€28,271 | +€14,464 | +33.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,735 | -€29,271 | +€14,464 | +33.1% |
| Amounts payable | 17/49 | €387,901 | €434,745 | +€46,844 | +12.1% |
| Amounts payable within one year | 42/48 | €387,901 | €434,745 | +€46,844 | +12.1% |
| Trade debts | 44 | €487 | €10,507 | +€10,020 | +2058.4% |
| Suppliers | 440/4 | €487 | €10,507 | +€10,020 | +2058.4% |
| Taxes, remuneration and social security | 45 | €6,572 | €23,296 | +€16,724 | +254.5% |
| Taxes | 450/3 | €6,572 | €10,696 | +€4,124 | +62.7% |
| Remuneration and social security | 454/9 | - | €12,600 | +€12,600 | |
| Other amounts payable | 47/48 | €380,843 | €400,943 | +€20,100 | +5.3% |
| Remuneration, social security and pensions | 62 | €280 | - | -€280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €867 | +€313 | +56.5% |
| Other operating charges | 640/8 | €2,152 | €585 | -€1,567 | -72.8% |
| Gross operating margin | 9900 | -€13,434 | €22,138 | +€35,572 | |
| Operating profit (loss) | 9901 | -€16,419 | €20,686 | +€37,105 | |
| Financial income | 75/76B | €849 | €1,050 | +€201 | +23.6% |
| Recurring financial income | 75 | €849 | €1,050 | +€201 | +23.6% |
| Financial charges | 65/66B | €181 | €3,148 | +€2,967 | +1635.6% |
| Recurring financial charges | 65 | €181 | €3,148 | +€2,967 | +1635.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,752 | €18,588 | +€34,339 | |
| Income taxes | 67/77 | €6,572 | €4,124 | -€2,448 | -37.3% |
| Profit (loss) for the period | 9904 | -€22,324 | €14,464 | +€36,788 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,324 | €14,464 | +€36,788 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.