VALDUC SHOE: 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.
VALDUC SHOE
Largest movements
- Stocks and contracts -€5,051
down €5,051 (-32.5%), from €15,551 to €10,500
- Receivables within one year +€4,315
up €4,315, from €0 to €4,315
of which Trade receivables: +€4,315
- Cash -€1,058
down €1,058 (-26.3%), from €4,028 to €2,970
mainly Other debts (-€7,160) and Trade debts (-€4,645)
- Profit (loss) carried forward +€9,590
up €9,590 (+32.9%), from -€29,130 to -€19,540
- Other debts -€7,160
down €7,160 (-39.9%), from €17,964 to €10,805
- Trade debts -€4,645
down €4,645 (-56.8%), from €8,179 to €3,534
- Tax, wage and social debts +€421
up €421 (+216%), from €195 to €616
- Gross operating margin +€2,766
up €2,766 (+36.6%), from €7,555 to €10,321
- Financial income -€263
down €263 (-85.8%), from €306 to €43
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 | €19,579 | €17,785 | -€1,795 | -9.2% |
| Current assets | 29/58 | €19,579 | €17,785 | -€1,795 | -9.2% |
| Stocks and contracts in progress | 3 | €15,551 | €10,500 | -€5,051 | -32.5% |
| Stocks | 30/36 | €15,551 | €10,500 | -€5,051 | -32.5% |
| Amounts receivable within one year | 40/41 | €0 | €4,315 | +€4,315 | |
| Trade receivables | 40 | - | €4,315 | +€4,315 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,028 | €2,970 | -€1,058 | -26.3% |
| Total equity and liabilities | 10/49 | €19,579 | €17,785 | -€1,795 | -9.2% |
| Equity | 10/15 | -€6,759 | €2,831 | +€9,590 | |
| Contributions | 10/11 | €20,327 | €20,327 | = | 0.0% |
| Reserves | 13 | €2,044 | €2,044 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,033 | €2,044 | +€11 | +0.5% |
| Reserves not available under the articles | 1311 | €2,033 | €0 | -€2,033 | -100% |
| Other | 1319 | - | €2,044 | +€2,044 | |
| Tax-exempt reserves | 132 | €11 | €0 | -€11 | -100% |
| Profit (loss) carried forward | 14 | -€29,130 | -€19,540 | +€9,590 | +32.9% |
| Amounts payable | 17/49 | €26,339 | €14,954 | -€11,384 | -43.2% |
| Amounts payable within one year | 42/48 | €26,339 | €14,954 | -€11,384 | -43.2% |
| Trade debts | 44 | €8,179 | €3,534 | -€4,645 | -56.8% |
| Suppliers | 440/4 | €8,179 | €3,534 | -€4,645 | -56.8% |
| Taxes, remuneration and social security | 45 | €195 | €616 | +€421 | +216% |
| Taxes | 450/3 | €195 | €616 | +€421 | +216% |
| Other amounts payable | 47/48 | €17,964 | €10,805 | -€7,160 | -39.9% |
| Other operating charges | 640/8 | €613 | €544 | -€69 | -11.3% |
| Gross operating margin | 9900 | €7,555 | €10,321 | +€2,766 | +36.6% |
| Operating profit (loss) | 9901 | €6,942 | €9,777 | +€2,835 | +40.8% |
| Financial income | 75/76B | €306 | €43 | -€263 | -85.8% |
| Recurring financial income | 75 | €306 | €43 | -€263 | -85.8% |
| Financial charges | 65/66B | €30 | €30 | +€0 | +0.3% |
| Recurring financial charges | 65 | €30 | €30 | +€0 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €7,218 | €9,790 | +€2,572 | +35.6% |
| Income taxes | 67/77 | €195 | €201 | +€6 | +2.8% |
| Profit (loss) for the period | 9904 | €7,023 | €9,590 | +€2,567 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,023 | €9,590 | +€2,567 | +36.5% |
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 20 October 2026 via checked.be.