VALE: 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.
VALE
Largest movements
- Cash +€70,822
new in 2024: €70,822
mainly Net result for the year (+€53,504) and Trade debts (+€39,985)
- Stocks and contracts +€4,826
new in 2024: €4,826
- Tangible fixed assets +€4,678
up €4,678 (+14.3%), from €32,715 to €37,393
of which Plant, machinery and equipment: +€3,438
- Receivables within one year -€2,757
down €2,757 (-39.2%), from €7,038 to €4,281
of which Other amounts receivable: -€5,743
- Profit (loss) carried forward +€53,504
up €53,504, from -€15,642 to €37,862
- Trade debts +€39,985
new in 2024: €39,985
- Other debts -€30,013
down €30,013 (-85.9%), from €34,935 to €4,922
- Tax, wage and social debts +€14,093
new in 2024: €14,093
- Gross operating margin +€72,969
up €72,969, from -€7,990 to €64,979
- Depreciation +€5,917
new in 2024: €5,917
- Taxes +€5,050
new in 2024: €5,050
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,753 | €117,322 | +€77,569 | +195% |
| Fixed assets | 21/28 | €32,715 | €37,393 | +€4,678 | +14.3% |
| Tangible fixed assets | 22/27 | €32,715 | €37,393 | +€4,678 | +14.3% |
| Land and buildings | 22 | €19,284 | €17,355 | -€1,928 | -10.0% |
| Plant, machinery and equipment | 23 | €13,432 | €16,870 | +€3,438 | +25.6% |
| Other tangible fixed assets | 26 | - | €3,168 | +€3,168 | |
| Current assets | 29/58 | €7,038 | €79,929 | +€72,891 | +1,036% |
| Stocks and contracts in progress | 3 | - | €4,826 | +€4,826 | |
| Stocks | 30/36 | - | €4,826 | +€4,826 | |
| Amounts receivable within one year | 40/41 | €7,038 | €4,281 | -€2,757 | -39.2% |
| Trade receivables | 40 | - | €2,986 | +€2,986 | |
| Other amounts receivable | 41 | €7,038 | €1,295 | -€5,743 | -81.6% |
| Cash at bank and in hand | 54/58 | - | €70,822 | +€70,822 | |
| Total equity and liabilities | 10/49 | €39,753 | €117,322 | +€77,569 | +195% |
| Equity | 10/15 | €4,818 | €58,322 | +€53,504 | +1,111% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,642 | €37,862 | +€53,504 | |
| Amounts payable | 17/49 | €34,935 | €59,000 | +€24,065 | +68.9% |
| Amounts payable within one year | 42/48 | €34,935 | €59,000 | +€24,065 | +68.9% |
| Trade debts | 44 | - | €39,985 | +€39,985 | |
| Suppliers | 440/4 | - | €39,985 | +€39,985 | |
| Taxes, remuneration and social security | 45 | - | €14,093 | +€14,093 | |
| Taxes | 450/3 | - | €14,093 | +€14,093 | |
| Other amounts payable | 47/48 | €34,935 | €4,922 | -€30,013 | -85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,917 | +€5,917 | |
| Other operating charges | 640/8 | €263 | €141 | -€123 | -46.7% |
| Gross operating margin | 9900 | -€7,990 | €64,979 | +€72,969 | |
| Operating profit (loss) | 9901 | -€8,254 | €58,921 | +€67,175 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | - | €368 | +€368 | |
| Recurring financial charges | 65 | - | €368 | +€368 | |
| Profit (loss) for the period before taxes | 9903 | -€8,254 | €58,555 | +€66,808 | |
| Income taxes | 67/77 | - | €5,050 | +€5,050 | |
| Profit (loss) for the period | 9904 | -€8,254 | €53,504 | +€61,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,254 | €53,504 | +€61,758 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.