VALDIN: 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.
VALDIN
Largest movements
- Receivables within one year -€284,798
down €284,798 (-52.3%), from €544,224 to €259,426
of which Trade receivables: -€391,885
- Cash -€81,325
down €81,325 (-96.2%), from €84,506 to €3,181
mainly Trade debts (-€541,158) and Other debts (-€52,000)
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Financial fixed assets -€49,100
down €49,100 (-98.2%), from €50,000 to €900
- Tangible fixed assets -€18,165
down €18,165 (-27.1%), from €67,075 to €48,910
- Trade debts -€541,158
down €541,158 (-83.0%), from €651,729 to €110,571
of which Bills of exchange payable: -€519,315
- Other debts -€52,000
no longer reported in 2025 (was €52,000)
- Profit (loss) carried forward +€48,603
up €48,603 (+94.2%), from €51,602 to €100,205
- Tax, wage and social debts +€32,097
up €32,097 (+586%), from €5,474 to €37,571
of which Taxes: +€19,897
- Reserves +€30,000
up €30,000 (+100%), from €30,000 to €60,000
of which Distributable reserves: +€60,000
- Turnover -€1.2m
no longer reported in 2025 (was €1.2m)
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Gross operating margin +€75,586
up €75,586 (+193%), from €39,114 to €114,700
- Taxes +€19,522
up €19,522 (+357%), from €5,474 to €24,997
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.
Derived cash bridge
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 | €795,805 | €313,385 | -€482,420 | -60.6% |
| Fixed assets | 21/28 | €117,075 | €49,810 | -€67,265 | -57.5% |
| Tangible fixed assets | 22/27 | €67,075 | €48,910 | -€18,165 | -27.1% |
| Furniture and vehicles | 24 | €67,075 | €48,910 | -€18,165 | -27.1% |
| Financial fixed assets | 28 | €50,000 | €900 | -€49,100 | -98.2% |
| Current assets | 29/58 | €678,730 | €263,574 | -€415,156 | -61.2% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €544,224 | €259,426 | -€284,798 | -52.3% |
| Trade receivables | 40 | €496,789 | €104,904 | -€391,885 | -78.9% |
| Other amounts receivable | 41 | €47,435 | €154,522 | +€107,087 | +226% |
| Cash at bank and in hand | 54/58 | €84,506 | €3,181 | -€81,325 | -96.2% |
| Deferred charges and accrued income | 490/1 | - | €967 | +€967 | |
| Total equity and liabilities | 10/49 | €795,805 | €313,385 | -€482,420 | -60.6% |
| Equity | 10/15 | €86,602 | €165,205 | +€78,603 | +90.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Contributions outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Reserves | 13 | €30,000 | €60,000 | +€30,000 | +100% |
| Non-distributable reserves | 130/1 | €30,000 | - | -€30,000 | |
| Legal reserve | 130 | €30,000 | - | -€30,000 | |
| Distributable reserves | 133 | - | €60,000 | +€60,000 | |
| Profit (loss) carried forward | 14 | €51,602 | €100,205 | +€48,603 | +94.2% |
| Amounts payable | 17/49 | €709,204 | €148,180 | -€561,024 | -79.1% |
| Amounts payable within one year | 42/48 | €709,204 | €148,142 | -€561,062 | -79.1% |
| Trade debts | 44 | €651,729 | €110,571 | -€541,158 | -83.0% |
| Suppliers | 440/4 | €132,414 | €110,571 | -€21,843 | -16.5% |
| Bills of exchange payable | 441 | €519,315 | - | -€519,315 | |
| Taxes, remuneration and social security | 45 | €5,474 | €37,571 | +€32,097 | +586% |
| Taxes | 450/3 | €5,474 | €25,371 | +€19,897 | +363% |
| Remuneration and social security | 454/9 | - | €12,200 | +€12,200 | |
| Other amounts payable | 47/48 | €52,000 | - | -€52,000 | |
| Accrued charges and deferred income | 492/3 | - | €38 | +€38 | |
| Turnover | 70 | €1,224,364 | - | -€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,185,250 | - | -€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,578 | €18,165 | +€4,586 | +33.8% |
| Other operating charges | 640/8 | €442 | €882 | +€439 | +99.3% |
| Gross operating margin | 9900 | €39,114 | €114,700 | +€75,586 | +193% |
| Operating profit (loss) | 9901 | €25,094 | €95,654 | +€70,560 | +281% |
| Financial income | 75/76B | - | €8,342 | +€8,342 | |
| Recurring financial income | 75 | - | €8,342 | +€8,342 | |
| Financial charges | 65/66B | €343 | €396 | +€53 | +15.5% |
| Recurring financial charges | 65 | €343 | €396 | +€53 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €24,751 | €103,600 | +€78,849 | +319% |
| Income taxes | 67/77 | €5,474 | €24,997 | +€19,522 | +357% |
| Profit (loss) for the period | 9904 | €19,276 | €78,603 | +€59,327 | +308% |
| Profit (loss) for the period to be appropriated | 9905 | €19,276 | €78,603 | +€59,327 | +308% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.