VALEGO: what changed
What changed
VALEGO
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
filed annual accounts (NBB)
Net result for the year
€49,495
2024 · €42,609+€6,886
Equity
€161,289
2024 · €188,664-€27,374
Cash
€137,876
2024 · €85,495+€52,382
Balance sheet total
€244,484
2024 · €193,378+€51,107
Largest movements
Assets
- Cash +€52,382
up €52,382 (+61.3%), from €85,495 to €137,876
mainly Other debts (+€67,329) and Net result for the year (+€49,495)
Equity and liabilities
- Other debts +€67,329
new in 2025: €67,329
- Reserves -€27,374
down €27,374 (-16.1%), from €170,064 to €142,689
of which Distributable reserves: -€27,374
- Tax, wage and social debts +€12,318
up €12,318 (+586%), from €2,103 to €14,421
Income statement
- Gross operating margin +€10,243
up €10,243 (+16.6%), from €61,677 to €71,920
- Taxes +€2,542
up €2,542 (+15.2%), from €16,733 to €19,275
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€42,609
Gross operating margin
+€10,243
Depreciation
-€713
Other operating charges
-€77
Financial income
-€0
Financial charges
-€26
Taxes
-€2,542
Result 2025
€49,495
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€132,305
Investment
-€3,054
Financing
-€76,869
Cash 2024
€85,495
From operations (derived)
+€132,305
Net result for the year
+€49,495
Depreciation
+€2,436
Receivables within one year
+€1,971
Deferred charges and accrued income
-€79
Trade debts
-€1,166
Tax, wage and social debts
+€12,318
Other debts
+€67,329
Investment (derived)
-€3,054
Investment in fixed assets (net)
-€3,054
Financing
-€76,869
Contributions, distributions and other
-€76,869
Cash 2025
€137,876
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,378 | €244,484 | +€51,107 | +26.4% |
| Fixed assets | 21/28 | €92,478 | €93,096 | +€618 | +0.7% |
| Tangible fixed assets | 22/27 | €11,708 | €12,326 | +€618 | +5.3% |
| Plant, machinery and equipment | 23 | €1,770 | €1,328 | -€443 | -25.0% |
| Furniture and vehicles | 24 | €7,643 | €5,887 | -€1,756 | -23.0% |
| Other tangible fixed assets | 26 | €2,295 | €5,112 | +€2,817 | +123% |
| Financial fixed assets | 28 | €80,770 | €80,770 | = | 0.0% |
| Current assets | 29/58 | €100,899 | €151,388 | +€50,489 | +50.0% |
| Amounts receivable within one year | 40/41 | €9,470 | €7,499 | -€1,971 | -20.8% |
| Trade receivables | 40 | €91 | €1,563 | +€1,472 | +1,622% |
| Other amounts receivable | 41 | €9,379 | €5,936 | -€3,444 | -36.7% |
| Cash at bank and in hand | 54/58 | €85,495 | €137,876 | +€52,382 | +61.3% |
| Deferred charges and accrued income | 490/1 | €5,935 | €6,013 | +€79 | +1.3% |
| Total equity and liabilities | 10/49 | €193,378 | €244,484 | +€51,107 | +26.4% |
| Equity | 10/15 | €188,664 | €161,289 | -€27,374 | -14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,064 | €142,689 | -€27,374 | -16.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €168,204 | €140,829 | -€27,374 | -16.3% |
| Amounts payable | 17/49 | €4,714 | €83,195 | +€78,481 | +1,665% |
| Amounts payable within one year | 42/48 | €4,714 | €83,195 | +€78,481 | +1,665% |
| Trade debts | 44 | €2,611 | €1,445 | -€1,166 | -44.7% |
| Suppliers | 440/4 | €2,611 | €1,445 | -€1,166 | -44.7% |
| Taxes, remuneration and social security | 45 | €2,103 | €14,421 | +€12,318 | +586% |
| Taxes | 450/3 | €2,103 | €14,421 | +€12,318 | +586% |
| Other amounts payable | 47/48 | - | €67,329 | +€67,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,724 | €2,436 | +€713 | +41.3% |
| Other operating charges | 640/8 | €378 | €455 | +€77 | +20.3% |
| Gross operating margin | 9900 | €61,677 | €71,920 | +€10,243 | +16.6% |
| Operating profit (loss) | 9901 | €59,575 | €69,029 | +€9,454 | +15.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €234 | €259 | +€26 | +11.1% |
| Recurring financial charges | 65 | €234 | €259 | +€26 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €59,342 | €68,770 | +€9,428 | +15.9% |
| Income taxes | 67/77 | €16,733 | €19,275 | +€2,542 | +15.2% |
| Profit (loss) for the period | 9904 | €42,609 | €49,495 | +€6,886 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,609 | €49,495 | +€6,886 | +16.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.