Valedera: what changed
Two fiscal 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.
Valedera
Largest movements
- Receivables within one year +€7,519
up €7,519 (+379.6%), from €1,981 to €9,500
of which Trade receivables: +€4,622
- Cash +€5,133
up €5,133 (+6.3%), from €81,583 to €86,716
mainly Net result for the year (+€10,567) and Depreciation (+€4,289)
- Tangible fixed assets -€1,789
down €1,789 (-8.5%), from €20,982 to €19,193
of which Plant, machinery and equipment: -€1,769
- Reserves +€6,270
up €6,270 (+7.2%), from €86,658 to €92,927
- Other debts +€3,818
up €3,818 (+27.8%), from €13,741 to €17,559
- Tax, wage and social debts +€1,388
up €1,388 (+457.2%), from €304 to €1,692
- Gross operating margin -€11,504
down €11,504 (-33.8%), from €34,024 to €22,519
- Taxes -€3,489
down €3,489 (-40.5%), from €8,611 to €5,123
- Other operating charges +€363
up €363 (+35.5%), from €1,020 to €1,383
- Depreciation +€361
up €361 (+9.2%), from €3,928 to €4,289
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 | €104,546 | €115,408 | +€10,862 | +10.4% |
| Fixed assets | 21/28 | €20,982 | €19,193 | -€1,789 | -8.5% |
| Tangible fixed assets | 22/27 | €20,982 | €19,193 | -€1,789 | -8.5% |
| Land and buildings | 22 | €14,163 | €14,890 | +€727 | +5.1% |
| Plant, machinery and equipment | 23 | €5,515 | €3,746 | -€1,769 | -32.1% |
| Furniture and vehicles | 24 | €1,304 | €556 | -€748 | -57.3% |
| Current assets | 29/58 | €83,564 | €96,215 | +€12,651 | +15.1% |
| Amounts receivable within one year | 40/41 | €1,981 | €9,500 | +€7,519 | +379.6% |
| Trade receivables | 40 | - | €4,622 | +€4,622 | |
| Other amounts receivable | 41 | €1,981 | €4,877 | +€2,897 | +146.2% |
| Cash at bank and in hand | 54/58 | €81,583 | €86,716 | +€5,133 | +6.3% |
| Total equity and liabilities | 10/49 | €104,546 | €115,408 | +€10,862 | +10.4% |
| Equity | 10/15 | €87,658 | €93,927 | +€6,270 | +7.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €86,658 | €92,927 | +€6,270 | +7.2% |
| Distributable reserves | 133 | €86,658 | €92,927 | +€6,270 | +7.2% |
| Amounts payable | 17/49 | €16,888 | €21,481 | +€4,593 | +27.2% |
| Amounts payable within one year | 42/48 | €15,873 | €20,414 | +€4,541 | +28.6% |
| Trade debts | 44 | €1,828 | €1,163 | -€665 | -36.4% |
| Suppliers | 440/4 | €1,828 | €1,163 | -€665 | -36.4% |
| Taxes, remuneration and social security | 45 | €304 | €1,692 | +€1,388 | +457.2% |
| Taxes | 450/3 | €304 | €1,692 | +€1,388 | +457.2% |
| Other amounts payable | 47/48 | €13,741 | €17,559 | +€3,818 | +27.8% |
| Accrued charges and deferred income | 492/3 | €1,016 | €1,067 | +€51 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,928 | €4,289 | +€361 | +9.2% |
| Other operating charges | 640/8 | €1,020 | €1,383 | +€363 | +35.5% |
| Gross operating margin | 9900 | €34,024 | €22,519 | -€11,504 | -33.8% |
| Operating profit (loss) | 9901 | €29,075 | €16,847 | -€12,228 | -42.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,063 | €1,158 | +€95 | +8.9% |
| Recurring financial charges | 65 | €1,063 | €1,158 | +€95 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €28,012 | €15,689 | -€12,323 | -44.0% |
| Income taxes | 67/77 | €8,611 | €5,123 | -€3,489 | -40.5% |
| Profit (loss) for the period | 9904 | €19,401 | €10,567 | -€8,834 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,401 | €10,567 | -€8,834 | -45.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.