VALENCE BENSON: 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.
VALENCE BENSON
Largest movements
- Cash +€29,682
up €29,682 (+275%), from €10,793 to €40,475
mainly Receivables after one year (+€26,620) and Trade debts (+€6,238)
- Receivables after one year -€26,620
down €26,620 (-18.5%), from €144,047 to €117,427
- Tangible fixed assets -€5,644
down €5,644 (-82.1%), from €6,874 to €1,231
- Receivables within one year -€4,345
down €4,345 (-40.2%), from €10,816 to €6,471
of which Other amounts receivable: -€9,960
- Profit (loss) carried forward -€10,769
down €10,769 (-19.1%), from €56,508 to €45,739
- Trade debts +€6,238
up €6,238 (+3,726%), from €167 to €6,405
- Tax, wage and social debts -€2,395
down €2,395 (-64.5%), from €3,711 to €1,317
of which Taxes: -€2,395
- Gross operating margin -€2,094
down €2,094 (-16.0%), from -€13,091 to -€15,185
- Financial income -€1,780
down €1,780 (-20.1%), from €8,865 to €7,085
- Depreciation -€1,072
down €1,072 (-63.3%), from €1,694 to €622
- Other operating charges +€721
up €721 (+68.4%), from €1,055 to €1,776
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 | €193,896 | €186,969 | -€6,927 | -3.6% |
| Fixed assets | 21/28 | €6,874 | €1,231 | -€5,644 | -82.1% |
| Tangible fixed assets | 22/27 | €6,874 | €1,231 | -€5,644 | -82.1% |
| Furniture and vehicles | 24 | €6,874 | €1,231 | -€5,644 | -82.1% |
| Current assets | 29/58 | €187,022 | €185,738 | -€1,283 | -0.7% |
| Amounts receivable after more than one year | 29 | €144,047 | €117,427 | -€26,620 | -18.5% |
| Other amounts receivable | 291 | €144,047 | €117,427 | -€26,620 | -18.5% |
| Amounts receivable within one year | 40/41 | €10,816 | €6,471 | -€4,345 | -40.2% |
| Trade receivables | 40 | €856 | €6,471 | +€5,614 | +656% |
| Other amounts receivable | 41 | €9,960 | - | -€9,960 | |
| Cash at bank and in hand | 54/58 | €10,793 | €40,475 | +€29,682 | +275% |
| Deferred charges and accrued income | 490/1 | €21,366 | €21,366 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €193,896 | €186,969 | -€6,927 | -3.6% |
| Equity | 10/15 | €187,768 | €176,999 | -€10,769 | -5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €118,860 | €118,860 | = | 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% |
| Distributable reserves | 133 | €117,000 | €117,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,508 | €45,739 | -€10,769 | -19.1% |
| Amounts payable | 17/49 | €6,127 | €9,970 | +€3,842 | +62.7% |
| Amounts payable within one year | 42/48 | €3,879 | €7,722 | +€3,843 | +99.1% |
| Trade debts | 44 | €167 | €6,405 | +€6,238 | +3,726% |
| Suppliers | 440/4 | €167 | €6,405 | +€6,238 | +3,726% |
| Taxes, remuneration and social security | 45 | €3,711 | €1,317 | -€2,395 | -64.5% |
| Taxes | 450/3 | €3,711 | €1,317 | -€2,395 | -64.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,249 | €2,248 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,694 | €622 | -€1,072 | -63.3% |
| Other operating charges | 640/8 | €1,055 | €1,776 | +€721 | +68.4% |
| Gross operating margin | 9900 | -€13,091 | -€15,185 | -€2,094 | -16.0% |
| Operating profit (loss) | 9901 | -€15,840 | -€17,584 | -€1,744 | -11.0% |
| Financial income | 75/76B | €8,865 | €7,085 | -€1,780 | -20.1% |
| Recurring financial income | 75 | €8,865 | €7,085 | -€1,780 | -20.1% |
| Financial charges | 65/66B | €52 | €45 | -€7 | -13.1% |
| Recurring financial charges | 65 | €52 | €45 | -€7 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,026 | -€10,543 | -€3,517 | -50.1% |
| Income taxes | 67/77 | €111 | €226 | +€115 | +104% |
| Profit (loss) for the period | 9904 | -€7,137 | -€10,769 | -€3,632 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,137 | -€10,769 | -€3,632 | -50.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.