Valeipa: 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.
What changed
Valeipa
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,217
2024 · -€148,758+€144,541
Equity
€503,869
2024 · €414,869+€89,001
Cash
€5,914
2024 · €18,822-€12,908
Balance sheet total
€13.4m
2024 · €14.3m-€870,176
Largest movements
Assets
- Tangible fixed assets -€528,810
down €528,810 (-5.3%), from €9.9m to €9.4m
of which Land and buildings: -€364,129
- Receivables within one year -€318,183
down €318,183 (-33.7%), from €942,906 to €624,723
of which Other amounts receivable: -€385,423
Equity and liabilities
- Other debts -€856,300
down €856,300 (-6.4%), from €13.3m to €12.5m
Income statement
- Gross operating margin +€489,723
up €489,723 (+86.4%), from €566,667 to €1.1m
- Depreciation +€326,077
up €326,077 (+55.9%), from €582,922 to €908,999
- Financial charges +€297,735
up €297,735 (+236%), from €125,942 to €423,677
- Financial income +€291,993
up €291,993 (+3,109%), from €9,393 to €301,386
- Provisions -€50,000
new in 2025: -€50,000
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.
Result 2024
-€148,758
Gross operating margin
+€489,723
Staff costs
-€19,980
Depreciation
-€326,077
Provisions
+€50,000
Other operating charges
+€23,526
Other operating items
-€66,909
Financial income
+€291,993
Financial charges
-€297,735
Taxes
-€0
Result 2025
-€4,217
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€358,072
Investment
-€380,190
Financing
+€9,209
Cash 2024
€18,822
From operations (derived)
+€358,072
Net result for the year
-€4,217
Depreciation
+€908,999
Receivables within one year
+€318,183
Deferred charges and accrued income
+€10,275
Provisions
-€18,927
Trade debts
+€5,385
Tax, wage and social debts
-€5,326
Other debts
-€856,300
Investment (derived)
-€380,190
Investment in fixed assets (net)
-€380,190
Financing
+€9,209
Debts after one year
-€60,218
Current portion of long-term debt
-€23,790
Contributions, distributions and other
+€93,218
Cash 2025
€5,914
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,279,987 | €13,409,811 | -€870,176 | -6.1% |
| Fixed assets | 21/28 | €13,307,503 | €12,778,693 | -€528,810 | -4.0% |
| Tangible fixed assets | 22/27 | €9,926,339 | €9,397,529 | -€528,810 | -5.3% |
| Land and buildings | 22 | €8,066,536 | €7,702,407 | -€364,129 | -4.5% |
| Plant, machinery and equipment | 23 | €1,844,720 | €1,686,702 | -€158,018 | -8.6% |
| Furniture and vehicles | 24 | €15,083 | €8,420 | -€6,663 | -44.2% |
| Financial fixed assets | 28 | €3,381,165 | €3,381,165 | = | 0.0% |
| Current assets | 29/58 | €972,484 | €631,118 | -€341,366 | -35.1% |
| Amounts receivable within one year | 40/41 | €942,906 | €624,723 | -€318,183 | -33.7% |
| Trade receivables | 40 | €42,167 | €109,408 | +€67,240 | +159% |
| Other amounts receivable | 41 | €900,739 | €515,316 | -€385,423 | -42.8% |
| Cash at bank and in hand | 54/58 | €18,822 | €5,914 | -€12,908 | -68.6% |
| Deferred charges and accrued income | 490/1 | €10,756 | €481 | -€10,275 | -95.5% |
| Total equity and liabilities | 10/49 | €14,279,987 | €13,409,811 | -€870,176 | -6.1% |
| Equity | 10/15 | €414,869 | €503,869 | +€89,001 | +21.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €404,869 | €400,652 | -€4,217 | -1.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €399,869 | €395,652 | -€4,217 | -1.1% |
| Investment grants | 15 | - | €93,218 | +€93,218 | |
| Provisions and deferred taxes | 16 | €50,000 | €31,073 | -€18,927 | -37.9% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €0 | -€50,000 | -100% |
| Other liabilities and charges | 164/5 | €50,000 | €0 | -€50,000 | -100% |
| Deferred taxes | 168 | - | €31,073 | +€31,073 | |
| Amounts payable | 17/49 | €13,815,118 | €12,874,869 | -€940,249 | -6.8% |
| Amounts payable after more than one year | 17 | €267,619 | €207,401 | -€60,218 | -22.5% |
| Financial debts | 170/4 | €267,619 | €207,401 | -€60,218 | -22.5% |
| Amounts payable within one year | 42/48 | €13,547,499 | €12,667,468 | -€880,031 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €84,008 | €60,218 | -€23,790 | -28.3% |
| Trade debts | 44 | €110,232 | €115,617 | +€5,385 | +4.9% |
| Suppliers | 440/4 | €110,232 | €115,617 | +€5,385 | +4.9% |
| Taxes, remuneration and social security | 45 | €5,326 | €0 | -€5,326 | -100% |
| Taxes | 450/3 | €5,326 | €0 | -€5,326 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,347,933 | €12,491,633 | -€856,300 | -6.4% |
| Remuneration, social security and pensions | 62 | -€18,948 | €1,032 | +€19,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582,922 | €908,999 | +€326,077 | +55.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€50,000 | -€50,000 | |
| Other operating charges | 640/8 | €34,899 | €11,374 | -€23,526 | -67.4% |
| Non-recurring operating charges | 66A | - | €66,909 | +€66,909 | |
| Gross operating margin | 9900 | €566,667 | €1,056,391 | +€489,723 | +86.4% |
| Operating profit (loss) | 9901 | -€32,206 | €118,077 | +€150,283 | |
| Financial income | 75/76B | €9,393 | €301,386 | +€291,993 | +3,109% |
| Recurring financial income | 75 | €9,393 | €301,386 | +€291,993 | +3,109% |
| Financial charges | 65/66B | €125,942 | €423,677 | +€297,735 | +236% |
| Recurring financial charges | 65 | €125,942 | €423,677 | +€297,735 | +236% |
| Profit (loss) for the period before taxes | 9903 | -€148,756 | -€4,215 | +€144,541 | +97.2% |
| Income taxes | 67/77 | €2 | €2 | +€0 | +2.2% |
| Profit (loss) for the period | 9904 | -€148,758 | -€4,217 | +€144,541 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€148,758 | -€4,217 | +€144,541 | +97.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.