Valdo Projects: 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.
Valdo Projects
Largest movements
- Tangible fixed assets +€17,368
up €17,368 (+1,639%), from €1,059 to €18,427
- Receivables within one year +€4,933
up €4,933 (+7.3%), from €67,978 to €72,911
of which Other amounts receivable: +€24,150
- Cash +€3,520
up €3,520 (+32.4%), from €10,856 to €14,377
mainly Net result for the year (+€16,855) and Trade debts (+€7,848)
- Deferred charges and accrued income +€2,089
up €2,089 (+259%), from €808 to €2,898
- Profit (loss) carried forward +€16,855
up €16,855 (+122%), from €13,823 to €30,679
- Trade debts +€7,848
up €7,848 (+12.7%), from €61,700 to €69,549
- Tax, wage and social debts +€4,198
up €4,198 (+130%), from €3,237 to €7,435
- Turnover +€387,815
up €387,815 (+198%), from €195,881 to €583,696
- Purchases and services +€373,206
up €373,206 (+208%), from €179,556 to €552,762
- Gross operating margin +€19,712
up €19,712 (+121%), from €16,325 to €36,037
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 | €80,952 | €109,662 | +€28,711 | +35.5% |
| Fixed assets | 21/28 | €1,059 | €19,227 | +€18,168 | +1,715% |
| Tangible fixed assets | 22/27 | €1,059 | €18,427 | +€17,368 | +1,639% |
| Furniture and vehicles | 24 | €1,059 | €18,427 | +€17,368 | +1,639% |
| Financial fixed assets | 28 | - | €800 | +€800 | |
| Current assets | 29/58 | €79,893 | €90,435 | +€10,543 | +13.2% |
| Stocks and contracts in progress | 3 | €250 | €250 | = | 0.0% |
| Stocks | 30/36 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,978 | €72,911 | +€4,933 | +7.3% |
| Trade receivables | 40 | €67,001 | €47,784 | -€19,217 | -28.7% |
| Other amounts receivable | 41 | €978 | €25,127 | +€24,150 | +2,470% |
| Cash at bank and in hand | 54/58 | €10,856 | €14,377 | +€3,520 | +32.4% |
| Deferred charges and accrued income | 490/1 | €808 | €2,898 | +€2,089 | +259% |
| Total equity and liabilities | 10/49 | €80,952 | €109,662 | +€28,711 | +35.5% |
| Equity | 10/15 | €15,823 | €32,679 | +€16,855 | +107% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,823 | €30,679 | +€16,855 | +122% |
| Amounts payable | 17/49 | €65,129 | €76,984 | +€11,855 | +18.2% |
| Amounts payable within one year | 42/48 | €65,129 | €76,984 | +€11,855 | +18.2% |
| Trade debts | 44 | €61,700 | €69,549 | +€7,848 | +12.7% |
| Suppliers | 440/4 | €61,700 | €69,549 | +€7,848 | +12.7% |
| Taxes, remuneration and social security | 45 | €3,237 | €7,435 | +€4,198 | +130% |
| Taxes | 450/3 | €3,237 | €7,435 | +€4,198 | +130% |
| Other amounts payable | 47/48 | €191 | - | -€191 | |
| Turnover | 70 | €195,881 | €583,696 | +€387,815 | +198% |
| Non-recurring operating income | 76A | - | €5,103 | +€5,103 | |
| Goods, raw materials, services and sundry goods | 60/61 | €179,556 | €552,762 | +€373,206 | +208% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262 | €6,061 | +€5,799 | +2,212% |
| Other operating charges | 640/8 | €384 | €2,956 | +€2,571 | +669% |
| Gross operating margin | 9900 | €16,325 | €36,037 | +€19,712 | +121% |
| Operating profit (loss) | 9901 | €15,678 | €27,020 | +€11,342 | +72.3% |
| Financial income | 75/76B | - | €155 | +€155 | |
| Recurring financial income | 75 | - | €155 | +€155 | |
| Financial charges | 65/66B | €214 | €2,885 | +€2,671 | +1,250% |
| Recurring financial charges | 65 | €214 | €2,885 | +€2,671 | +1,250% |
| Profit (loss) for the period before taxes | 9903 | €15,464 | €24,290 | +€8,826 | +57.1% |
| Income taxes | 67/77 | €3,237 | €7,435 | +€4,198 | +130% |
| Profit (loss) for the period | 9904 | €12,227 | €16,855 | +€4,628 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,227 | €16,855 | +€4,628 | +37.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.