Valency Group: 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.
Valency Group
Largest movements
- Cash -€59,493
down €59,493 (-96.4%), from €61,732 to €2,239
mainly Advances received (-€63,453) and Investment in fixed assets (net) (-€47,345)
- Tangible fixed assets +€38,501
up €38,501 (+56.8%), from €67,737 to €106,238
of which Furniture and vehicles: +€41,523
- Receivables within one year +€37,492
up €37,492 (+76.2%), from €49,223 to €86,716
of which Trade receivables: +€27,901
- Stocks and contracts +€4,756
new in 2025: €4,756
- Advances received -€63,453
no longer reported in 2025 (was €63,453)
- Profit (loss) carried forward +€46,148
up €46,148 (+300.2%), from €15,372 to €61,519
- Tax, wage and social debts +€16,465
up €16,465 (+192.2%), from €8,566 to €25,032
of which Taxes: +€16,610
- Other debts +€12,946
up €12,946 (+62.5%), from €20,728 to €33,674
- Accrued charges and deferred income +€8,263
new in 2025: €8,263
- Gross operating margin +€38,211
up €38,211 (+97.3%), from €39,267 to €77,478
- Taxes +€10,663
up €10,663 (+188.5%), from €5,658 to €16,321
- Depreciation -€7,752
down €7,752 (-46.7%), from €16,596 to €8,844
- Financial charges +€2,405
up €2,405 (+315.2%), from €763 to €3,168
- Staff costs +€1,704
new in 2025: €1,704
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 | €179,709 | €202,070 | +€22,361 | +12.4% |
| Fixed assets | 21/28 | €67,737 | €106,238 | +€38,501 | +56.8% |
| Tangible fixed assets | 22/27 | €67,737 | €106,238 | +€38,501 | +56.8% |
| Land and buildings | 22 | €59,311 | €56,761 | -€2,550 | -4.3% |
| Plant, machinery and equipment | 23 | €1,390 | €918 | -€472 | -34.0% |
| Furniture and vehicles | 24 | €7,036 | €48,559 | +€41,523 | +590.2% |
| Current assets | 29/58 | €111,972 | €95,833 | -€16,139 | -14.4% |
| Stocks and contracts in progress | 3 | - | €4,756 | +€4,756 | |
| Stocks | 30/36 | - | €4,756 | +€4,756 | |
| Amounts receivable within one year | 40/41 | €49,223 | €86,716 | +€37,492 | +76.2% |
| Trade receivables | 40 | €47,517 | €75,417 | +€27,901 | +58.7% |
| Other amounts receivable | 41 | €1,707 | €11,299 | +€9,592 | +562.0% |
| Cash at bank and in hand | 54/58 | €61,732 | €2,239 | -€59,493 | -96.4% |
| Deferred charges and accrued income | 490/1 | €1,017 | €2,122 | +€1,105 | +108.8% |
| Total equity and liabilities | 10/49 | €179,709 | €202,070 | +€22,361 | +12.4% |
| Equity | 10/15 | €22,872 | €69,019 | +€46,148 | +201.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,372 | €61,519 | +€46,148 | +300.2% |
| Amounts payable | 17/49 | €156,837 | €133,051 | -€23,786 | -15.2% |
| Amounts payable after more than one year | 17 | €57,721 | €55,794 | -€1,927 | -3.3% |
| Financial debts | 170/4 | €57,721 | €55,794 | -€1,927 | -3.3% |
| Amounts payable within one year | 42/48 | €99,117 | €68,994 | -€30,123 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €1,835 | €1,927 | +€92 | +5.0% |
| Financial debts | 43 | €1,678 | €96 | -€1,582 | -94.3% |
| Credit institutions | 430/8 | €1,678 | €96 | -€1,582 | -94.3% |
| Trade debts | 44 | €2,856 | €8,266 | +€5,409 | +189.4% |
| Suppliers | 440/4 | €2,856 | €8,266 | +€5,409 | +189.4% |
| Advances received on contracts in progress | 46 | €63,453 | - | -€63,453 | |
| Taxes, remuneration and social security | 45 | €8,566 | €25,032 | +€16,465 | +192.2% |
| Taxes | 450/3 | €8,092 | €24,703 | +€16,610 | +205.3% |
| Remuneration and social security | 454/9 | €474 | €329 | -€145 | -30.6% |
| Other amounts payable | 47/48 | €20,728 | €33,674 | +€12,946 | +62.5% |
| Accrued charges and deferred income | 492/3 | - | €8,263 | +€8,263 | |
| Remuneration, social security and pensions | 62 | - | €1,704 | +€1,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,596 | €8,844 | -€7,752 | -46.7% |
| Other operating charges | 640/8 | €900 | €1,328 | +€428 | +47.6% |
| Gross operating margin | 9900 | €39,267 | €77,478 | +€38,211 | +97.3% |
| Operating profit (loss) | 9901 | €21,771 | €65,602 | +€43,830 | +201.3% |
| Financial income | 75/76B | €21 | €35 | +€14 | +69.5% |
| Recurring financial income | 75 | €21 | €35 | +€14 | +69.5% |
| Financial charges | 65/66B | €763 | €3,168 | +€2,405 | +315.2% |
| Recurring financial charges | 65 | €763 | €3,168 | +€2,405 | +315.2% |
| Profit (loss) for the period before taxes | 9903 | €21,029 | €62,469 | +€41,439 | +197.1% |
| Income taxes | 67/77 | €5,658 | €16,321 | +€10,663 | +188.5% |
| Profit (loss) for the period | 9904 | €15,372 | €46,148 | +€30,776 | +200.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,372 | €46,148 | +€30,776 | +200.2% |
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 10 October 2026 via checked.be.