VALDOU: 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.
VALDOU
Largest movements
- Tangible fixed assets -€5,511
down €5,511 (-60.7%), from €9,081 to €3,570
of which Furniture and vehicles: -€4,792
- Stocks and contracts -€3,247
down €3,247 (-14.8%), from €21,894 to €18,647
- Cash +€682
up €682 (+10.6%), from €6,448 to €7,130
mainly Depreciation (+€5,511) and Stocks and contracts (+€3,247)
- Profit (loss) carried forward -€6,964
down €6,964 (-45.8%), from -€15,210 to -€22,174
- Other debts -€1,451
down €1,451 (-56.7%), from €2,558 to €1,107
- Tax, wage and social debts +€1,006
up €1,006 (+31.8%), from €3,159 to €4,165
- Trade debts -€667
down €667 (-81.7%), from €816 to €149
- Gross operating margin +€13,959
up €13,959, from -€12,822 to €1,137
- Financial charges +€431
up €431 (+310%), from €139 to €570
- Taxes +€237
up €237 (+247%), from €96 to €333
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 | €41,323 | €33,247 | -€8,076 | -19.5% |
| Fixed assets | 21/28 | €12,981 | €7,470 | -€5,511 | -42.5% |
| Tangible fixed assets | 22/27 | €9,081 | €3,570 | -€5,511 | -60.7% |
| Plant, machinery and equipment | 23 | €820 | €101 | -€719 | -87.7% |
| Furniture and vehicles | 24 | €8,261 | €3,469 | -€4,792 | -58.0% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €28,342 | €25,777 | -€2,565 | -9.1% |
| Stocks and contracts in progress | 3 | €21,894 | €18,647 | -€3,247 | -14.8% |
| Stocks | 30/36 | €21,894 | €18,647 | -€3,247 | -14.8% |
| Cash at bank and in hand | 54/58 | €6,448 | €7,130 | +€682 | +10.6% |
| Total equity and liabilities | 10/49 | €41,323 | €33,247 | -€8,076 | -19.5% |
| Equity | 10/15 | €34,790 | €27,826 | -€6,964 | -20.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | -€15,210 | -€22,174 | -€6,964 | -45.8% |
| Amounts payable | 17/49 | €6,533 | €5,421 | -€1,112 | -17.0% |
| Amounts payable within one year | 42/48 | €6,533 | €5,421 | -€1,112 | -17.0% |
| Trade debts | 44 | €816 | €149 | -€667 | -81.7% |
| Suppliers | 440/4 | €816 | €149 | -€667 | -81.7% |
| Taxes, remuneration and social security | 45 | €3,159 | €4,165 | +€1,006 | +31.8% |
| Taxes | 450/3 | €3,159 | €4,165 | +€1,006 | +31.8% |
| Other amounts payable | 47/48 | €2,558 | €1,107 | -€1,451 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,466 | €5,511 | +€45 | +0.8% |
| Other operating charges | 640/8 | €1,766 | €1,688 | -€78 | -4.4% |
| Gross operating margin | 9900 | -€12,822 | €1,137 | +€13,959 | |
| Operating profit (loss) | 9901 | -€20,054 | -€6,062 | +€13,992 | +69.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €139 | €570 | +€431 | +310% |
| Recurring financial charges | 65 | €139 | €570 | +€431 | +310% |
| Profit (loss) for the period before taxes | 9903 | -€20,193 | -€6,631 | +€13,562 | +67.2% |
| Income taxes | 67/77 | €96 | €333 | +€237 | +247% |
| Profit (loss) for the period | 9904 | -€20,289 | -€6,964 | +€13,325 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,289 | -€6,964 | +€13,325 | +65.7% |
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 17 October 2026 via checked.be.