VALDIANI: 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.
VALDIANI
Largest movements
- Current investments +€133,239
up €133,239 (+199.6%), from €66,761 to €200,000
- Cash -€87,096
down €87,096 (-88.0%), from €99,010 to €11,915
mainly Contributions, distributions and other (-€417,940) and Current investments (-€133,239)
- Tangible fixed assets -€13,826
down €13,826 (-20.1%), from €68,848 to €55,022
of which Furniture and vehicles: -€15,283
- Other debts +€354,994
up €354,994 (+138842.9%), from €256 to €355,249
- Profit (loss) carried forward -€275,796
down €275,796 (-91.0%), from €303,216 to €27,421
- Tax, wage and social debts -€42,515
down €42,515 (-54.7%), from €77,715 to €35,200
- Gross operating margin +€41,203
up €41,203 (+26.9%), from €153,095 to €194,298
- Depreciation +€8,238
up €8,238 (+106.5%), from €7,731 to €15,969
- Taxes +€8,065
up €8,065 (+23.9%), from €33,787 to €41,852
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 | €389,212 | €422,509 | +€33,297 | +8.6% |
| Fixed assets | 21/28 | €68,848 | €55,022 | -€13,826 | -20.1% |
| Tangible fixed assets | 22/27 | €68,848 | €55,022 | -€13,826 | -20.1% |
| Plant, machinery and equipment | 23 | €1,925 | €3,382 | +€1,457 | +75.7% |
| Furniture and vehicles | 24 | €66,923 | €51,640 | -€15,283 | -22.8% |
| Current assets | 29/58 | €320,364 | €367,487 | +€47,123 | +14.7% |
| Amounts receivable within one year | 40/41 | €152,426 | €153,438 | +€1,012 | +0.7% |
| Trade receivables | 40 | €27,362 | €26,140 | -€1,221 | -4.5% |
| Other amounts receivable | 41 | €125,064 | €127,297 | +€2,233 | +1.8% |
| Current investments | 50/53 | €66,761 | €200,000 | +€133,239 | +199.6% |
| Cash at bank and in hand | 54/58 | €99,010 | €11,915 | -€87,096 | -88.0% |
| Deferred charges and accrued income | 490/1 | €2,167 | €2,135 | -€32 | -1.5% |
| Total equity and liabilities | 10/49 | €389,212 | €422,509 | +€33,297 | +8.6% |
| Equity | 10/15 | €306,216 | €30,421 | -€275,796 | -90.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,216 | €27,421 | -€275,796 | -91.0% |
| Amounts payable | 17/49 | €82,996 | €392,089 | +€309,093 | +372.4% |
| Amounts payable within one year | 42/48 | €82,996 | €392,089 | +€309,093 | +372.4% |
| Financial debts | 43 | €73 | €358 | +€286 | +391.3% |
| Credit institutions | 430/8 | €73 | €358 | +€286 | +391.3% |
| Trade debts | 44 | €4,952 | €1,280 | -€3,672 | -74.1% |
| Suppliers | 440/4 | €4,952 | €1,280 | -€3,672 | -74.1% |
| Taxes, remuneration and social security | 45 | €77,715 | €35,200 | -€42,515 | -54.7% |
| Taxes | 450/3 | €77,715 | €35,200 | -€42,515 | -54.7% |
| Other amounts payable | 47/48 | €256 | €355,249 | +€354,994 | +138842.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,731 | €15,969 | +€8,238 | +106.5% |
| Other operating charges | 640/8 | €267 | €673 | +€406 | +152.1% |
| Gross operating margin | 9900 | €153,095 | €194,298 | +€41,203 | +26.9% |
| Operating profit (loss) | 9901 | €145,096 | €177,656 | +€32,559 | +22.4% |
| Financial income | 75/76B | €6,831 | €6,457 | -€374 | -5.5% |
| Recurring financial income | 75 | €6,831 | €6,457 | -€374 | -5.5% |
| Financial charges | 65/66B | €114 | €116 | +€2 | +1.3% |
| Recurring financial charges | 65 | €114 | €116 | +€2 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €151,813 | €183,997 | +€32,184 | +21.2% |
| Income taxes | 67/77 | €33,787 | €41,852 | +€8,065 | +23.9% |
| Profit (loss) for the period | 9904 | €118,026 | €142,145 | +€24,118 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,026 | €142,145 | +€24,118 | +20.4% |
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 6 October 2026 via checked.be.