VALENCA: 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.
VALENCA
Largest movements
- Cash +€20,805
up €20,805 (+102%), from €20,368 to €41,173
mainly Receivables within one year (+€10,212) and Net result for the year (+€9,948)
- Receivables within one year -€10,212
no longer reported in 2025 (was €10,212)
- Tangible fixed assets +€2,384
up €2,384 (+155%), from €1,541 to €3,925
of which Furniture and vehicles: +€3,154
- Profit (loss) carried forward +€9,948
up €9,948 (+37.1%), from -€26,808 to -€16,860
- Trade debts +€3,353
up €3,353 (+8.2%), from €40,750 to €44,104
- Tax, wage and social debts -€1,005
down €1,005 (-46.4%), from €2,168 to €1,163
of which Taxes: -€1,578
- Other debts +€681
new in 2025: €681
- Gross operating margin +€23,347
up €23,347 (+38.2%), from €61,090 to €84,437
- Staff costs +€13,116
up €13,116 (+25.8%), from €50,902 to €64,018
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,571 | €49,548 | +€12,977 | +35.5% |
| Fixed assets | 21/28 | €5,991 | €8,375 | +€2,384 | +39.8% |
| Tangible fixed assets | 22/27 | €1,541 | €3,925 | +€2,384 | +155% |
| Plant, machinery and equipment | 23 | €1,541 | €770 | -€771 | -50.0% |
| Furniture and vehicles | 24 | - | €3,154 | +€3,154 | |
| Financial fixed assets | 28 | €4,450 | €4,450 | = | 0.0% |
| Current assets | 29/58 | €30,580 | €41,173 | +€10,593 | +34.6% |
| Amounts receivable within one year | 40/41 | €10,212 | - | -€10,212 | |
| Other amounts receivable | 41 | €10,212 | - | -€10,212 | |
| Cash at bank and in hand | 54/58 | €20,368 | €41,173 | +€20,805 | +102% |
| Total equity and liabilities | 10/49 | €36,571 | €49,548 | +€12,977 | +35.5% |
| Equity | 10/15 | -€6,348 | €3,600 | +€9,948 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,808 | -€16,860 | +€9,948 | +37.1% |
| Amounts payable | 17/49 | €42,918 | €45,948 | +€3,029 | +7.1% |
| Amounts payable within one year | 42/48 | €42,918 | €45,948 | +€3,029 | +7.1% |
| Trade debts | 44 | €40,750 | €44,104 | +€3,353 | +8.2% |
| Suppliers | 440/4 | €40,750 | €44,104 | +€3,353 | +8.2% |
| Taxes, remuneration and social security | 45 | €2,168 | €1,163 | -€1,005 | -46.4% |
| Taxes | 450/3 | €2,168 | €590 | -€1,578 | -72.8% |
| Remuneration and social security | 454/9 | - | €573 | +€573 | |
| Other amounts payable | 47/48 | - | €681 | +€681 | |
| Remuneration, social security and pensions | 62 | €50,902 | €64,018 | +€13,116 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €771 | €1,557 | +€786 | +102% |
| Other operating charges | 640/8 | €3,695 | €4,481 | +€786 | +21.3% |
| Gross operating margin | 9900 | €61,090 | €84,437 | +€23,347 | +38.2% |
| Operating profit (loss) | 9901 | €5,722 | €14,382 | +€8,660 | +151% |
| Financial charges | 65/66B | €3,806 | €4,434 | +€628 | +16.5% |
| Recurring financial charges | 65 | €3,806 | €4,434 | +€628 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €1,916 | €9,948 | +€8,032 | +419% |
| Profit (loss) for the period | 9904 | €1,916 | €9,948 | +€8,032 | +419% |
| Profit (loss) for the period to be appropriated | 9905 | €1,916 | €9,948 | +€8,032 | +419% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.