VALDIPIERRE: 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.
VALDIPIERRE
Largest movements
- Cash -€36,652
down €36,652 (-80.9%), from €45,301 to €8,649
mainly Tax, wage and social debts (-€32,693) and Other debts (-€15,580)
- Current investments +€5,000
up €5,000 (+5.5%), from €90,861 to €95,861
- Tax, wage and social debts -€32,693
down €32,693 (-65.0%), from €50,276 to €17,583
- Reserves +€19,455
up €19,455 (+171%), from €11,349 to €30,804
of which Distributable reserves: +€19,455
- Other debts -€15,580
down €15,580 (-97.8%), from €15,928 to €348
- Debts after one year -€6,139
down €6,139 (-13.7%), from €44,861 to €38,721
- Trade debts +€1,953
up €1,953 (+68.7%), from €2,844 to €4,798
- Gross operating margin +€16,379
up €16,379 (+83.5%), from €19,625 to €36,003
- Taxes +€5,595
up €5,595 (+83.9%), from €6,667 to €12,261
- Financial charges +€892
up €892 (+75.8%), from €1,177 to €2,070
- Other operating charges -€452
down €452 (-23.3%), from €1,935 to €1,483
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 | €139,535 | €107,977 | -€31,558 | -22.6% |
| Fixed assets | 21/28 | €569 | €1,322 | +€753 | +132% |
| Tangible fixed assets | 22/27 | €569 | €1,322 | +€753 | +132% |
| Furniture and vehicles | 24 | €569 | €1,322 | +€753 | +132% |
| Current assets | 29/58 | €138,966 | €106,655 | -€32,311 | -23.3% |
| Amounts receivable within one year | 40/41 | €102 | €46 | -€56 | -54.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €102 | €46 | -€56 | -54.8% |
| Current investments | 50/53 | €90,861 | €95,861 | +€5,000 | +5.5% |
| Cash at bank and in hand | 54/58 | €45,301 | €8,649 | -€36,652 | -80.9% |
| Deferred charges and accrued income | 490/1 | €2,702 | €2,100 | -€603 | -22.3% |
| Total equity and liabilities | 10/49 | €139,535 | €107,977 | -€31,558 | -22.6% |
| Equity | 10/15 | €17,549 | €37,004 | +€19,455 | +111% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,349 | €30,804 | +€19,455 | +171% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,489 | €28,944 | +€19,455 | +205% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €121,986 | €70,973 | -€51,012 | -41.8% |
| Amounts payable after more than one year | 17 | €44,861 | €38,721 | -€6,139 | -13.7% |
| Financial debts | 170/4 | €44,861 | €38,721 | -€6,139 | -13.7% |
| Amounts payable within one year | 42/48 | €77,125 | €32,252 | -€44,873 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €8,077 | €7,638 | -€439 | -5.4% |
| Financial debts | 43 | - | €1,885 | +€1,885 | |
| Credit institutions | 430/8 | - | €1,885 | +€1,885 | |
| Trade debts | 44 | €2,844 | €4,798 | +€1,953 | +68.7% |
| Suppliers | 440/4 | €2,844 | €4,798 | +€1,953 | +68.7% |
| Taxes, remuneration and social security | 45 | €50,276 | €17,583 | -€32,693 | -65.0% |
| Taxes | 450/3 | €50,276 | €17,583 | -€32,693 | -65.0% |
| Other amounts payable | 47/48 | €15,928 | €348 | -€15,580 | -97.8% |
| Non-recurring operating income | 76A | €620 | €0 | -€620 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €166 | -€226 | -57.7% |
| Other operating charges | 640/8 | €1,935 | €1,483 | -€452 | -23.3% |
| Non-recurring operating charges | 66A | - | €569 | +€569 | |
| Gross operating margin | 9900 | €19,625 | €36,003 | +€16,379 | +83.5% |
| Operating profit (loss) | 9901 | €17,298 | €33,786 | +€16,488 | +95.3% |
| Financial income | 75/76B | €36 | €0 | -€36 | -100% |
| Recurring financial income | 75 | €36 | €0 | -€36 | -100% |
| Financial charges | 65/66B | €1,177 | €2,070 | +€892 | +75.8% |
| Recurring financial charges | 65 | €1,177 | €2,070 | +€892 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €16,156 | €31,716 | +€15,560 | +96.3% |
| Income taxes | 67/77 | €6,667 | €12,261 | +€5,595 | +83.9% |
| Profit (loss) for the period | 9904 | €9,489 | €19,455 | +€9,965 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €9,489 | €19,455 | +€9,965 | +105% |
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 16 October 2026 via checked.be.