Valejo: 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.
Valejo
Largest movements
- Tangible fixed assets -€52,474
down €52,474 (-3.1%), from €1.7m to €1.6m
- Cash +€41,370
up €41,370 (+479.4%), from €8,630 to €50,000
mainly Debts after one year (+€233,595) and Depreciation (+€52,474)
- Debts after one year +€233,595
up €233,595 (+13.7%), from €1.7m to €1.9m
- Profit (loss) carried forward -€142,297
down €142,297 (-66.8%), from -€212,882 to -€355,180
- Trade debts -€97,826
down €97,826 (-90.7%), from €107,862 to €10,035
- Financial charges -€13,985
down €13,985 (-17.7%), from €78,960 to €64,975
- Gross operating margin -€12,501
down €12,501 (-1032.1%), from -€1,211 to -€13,713
- Other operating charges +€5,027
up €5,027 (+82.3%), from €6,108 to €11,135
- Depreciation +€504
up €504 (+1.0%), from €51,970 to €52,474
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 | €1,729,152 | €1,728,160 | -€992 | -0.1% |
| Fixed assets | 21/28 | €1,688,519 | €1,636,044 | -€52,474 | -3.1% |
| Tangible fixed assets | 22/27 | €1,688,519 | €1,636,044 | -€52,474 | -3.1% |
| Land and buildings | 22 | €1,688,519 | €1,636,044 | -€52,474 | -3.1% |
| Current assets | 29/58 | €40,633 | €92,116 | +€51,482 | +126.7% |
| Amounts receivable within one year | 40/41 | €31,385 | €32,021 | +€637 | +2.0% |
| Trade receivables | 40 | €30,754 | €30,754 | = | 0.0% |
| Other amounts receivable | 41 | €630 | €1,267 | +€637 | +101.0% |
| Cash at bank and in hand | 54/58 | €8,630 | €50,000 | +€41,370 | +479.4% |
| Deferred charges and accrued income | 490/1 | €619 | €10,095 | +€9,476 | +1531.8% |
| Total equity and liabilities | 10/49 | €1,729,152 | €1,728,160 | -€992 | -0.1% |
| Equity | 10/15 | -€162,882 | -€305,180 | -€142,297 | -87.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€212,882 | -€355,180 | -€142,297 | -66.8% |
| Amounts payable | 17/49 | €1,892,035 | €2,033,340 | +€141,305 | +7.5% |
| Amounts payable after more than one year | 17 | €1,702,092 | €1,935,687 | +€233,595 | +13.7% |
| Financial debts | 170/4 | €1,702,092 | €1,935,687 | +€233,595 | +13.7% |
| Amounts payable within one year | 42/48 | €189,929 | €97,653 | -€92,276 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €82,067 | €84,092 | +€2,025 | +2.5% |
| Financial debts | 43 | €0 | €3,525 | +€3,525 | |
| Credit institutions | 430/8 | €0 | €3,525 | +€3,525 | |
| Trade debts | 44 | €107,862 | €10,035 | -€97,826 | -90.7% |
| Suppliers | 440/4 | €107,862 | €10,035 | -€97,826 | -90.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €14 | €0 | -€14 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,970 | €52,474 | +€504 | +1.0% |
| Other operating charges | 640/8 | €6,108 | €11,135 | +€5,027 | +82.3% |
| Gross operating margin | 9900 | -€1,211 | -€13,713 | -€12,501 | -1032.1% |
| Operating profit (loss) | 9901 | -€59,289 | -€77,323 | -€18,033 | -30.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €78,960 | €64,975 | -€13,985 | -17.7% |
| Recurring financial charges | 65 | €78,960 | €64,975 | -€13,985 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€138,248 | -€142,297 | -€4,050 | -2.9% |
| Profit (loss) for the period | 9904 | -€138,248 | -€142,297 | -€4,050 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€138,248 | -€142,297 | -€4,050 | -2.9% |
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 6 October 2026 via checked.be.