VALEAN: 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.
VALEAN
Largest movements
- Tangible fixed assets -€29,322
down €29,322 (-62.1%), from €47,231 to €17,909
of which Plant, machinery and equipment: -€25,322
- Receivables within one year -€12,565
down €12,565 (-7.5%), from €167,353 to €154,788
of which Trade receivables: -€29,008
- Other debts -€41,628
down €41,628 (-81.2%), from €51,258 to €9,629
- Trade debts +€31,913
up €31,913 (+181.3%), from €17,605 to €49,518
- Reserves -€13,908
down €13,908 (-14.2%), from €97,848 to €83,941
of which Distributable reserves: -€13,908
- Profit (loss) carried forward -€12,917
no longer reported in 2025 (was €12,917)
- Tax, wage and social debts -€4,225
down €4,225 (-17.5%), from €24,178 to €19,953
- Gross operating margin -€19,691
down €19,691 (-64.5%), from €30,523 to €10,833
- Depreciation -€13,358
down €13,358 (-30.8%), from €43,331 to €29,973
- Other operating charges +€8,473
up €8,473 (+928.6%), from €913 to €9,386
- Financial charges +€2,123
up €2,123 (+517.3%), from €411 to €2,534
- Financial income +€1,602
up €1,602 (+60.9%), from €2,633 to €4,236
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.
Cash bridge derived
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 | €222,398 | €181,633 | -€40,765 | -18.3% |
| Fixed assets | 21/28 | €52,631 | €23,309 | -€29,322 | -55.7% |
| Tangible fixed assets | 22/27 | €47,231 | €17,909 | -€29,322 | -62.1% |
| Plant, machinery and equipment | 23 | €39,230 | €13,908 | -€25,322 | -64.5% |
| Furniture and vehicles | 24 | €8,000 | €4,001 | -€4,000 | -50.0% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €169,767 | €158,324 | -€11,443 | -6.7% |
| Amounts receivable within one year | 40/41 | €167,353 | €154,788 | -€12,565 | -7.5% |
| Trade receivables | 40 | €100,266 | €71,258 | -€29,008 | -28.9% |
| Other amounts receivable | 41 | €67,087 | €83,530 | +€16,442 | +24.5% |
| Cash at bank and in hand | 54/58 | €896 | €1,396 | +€501 | +55.9% |
| Deferred charges and accrued income | 490/1 | €1,518 | €2,140 | +€622 | +40.9% |
| Total equity and liabilities | 10/49 | €222,398 | €181,633 | -€40,765 | -18.3% |
| Equity | 10/15 | €129,357 | €102,533 | -€26,825 | -20.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €97,848 | €83,941 | -€13,908 | -14.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €95,989 | €82,081 | -€13,908 | -14.5% |
| Profit (loss) carried forward | 14 | €12,917 | - | -€12,917 | |
| Amounts payable | 17/49 | €93,041 | €79,101 | -€13,940 | -15.0% |
| Amounts payable within one year | 42/48 | €93,041 | €79,101 | -€13,940 | -15.0% |
| Trade debts | 44 | €17,605 | €49,518 | +€31,913 | +181.3% |
| Suppliers | 440/4 | €17,605 | €49,518 | +€31,913 | +181.3% |
| Taxes, remuneration and social security | 45 | €24,178 | €19,953 | -€4,225 | -17.5% |
| Taxes | 450/3 | €24,178 | €19,953 | -€4,225 | -17.5% |
| Other amounts payable | 47/48 | €51,258 | €9,629 | -€41,628 | -81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,331 | €29,973 | -€13,358 | -30.8% |
| Other operating charges | 640/8 | €913 | €9,386 | +€8,473 | +928.6% |
| Gross operating margin | 9900 | €30,523 | €10,833 | -€19,691 | -64.5% |
| Operating profit (loss) | 9901 | -€13,721 | -€28,526 | -€14,806 | -107.9% |
| Financial income | 75/76B | €2,633 | €4,236 | +€1,602 | +60.9% |
| Recurring financial income | 75 | €2,633 | €4,236 | +€1,602 | +60.9% |
| Financial charges | 65/66B | €411 | €2,534 | +€2,123 | +517.3% |
| Recurring financial charges | 65 | €411 | €2,534 | +€2,123 | +517.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,498 | -€26,825 | -€15,327 | -133.3% |
| Profit (loss) for the period | 9904 | -€11,498 | -€26,825 | -€15,327 | -133.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,498 | -€26,825 | -€15,327 | -133.3% |
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 9 October 2026 via checked.be.