VALENTI: 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.
VALENTI
Largest movements
- Receivables within one year -€60,426
down €60,426 (-41.1%), from €147,011 to €86,585
of which Trade receivables: -€41,251
- Cash +€23,050
up €23,050 (+29.6%), from €77,830 to €100,880
mainly Net result for the year (+€131,141) and Receivables within one year (+€60,426)
- Other debts -€59,000
down €59,000 (-31.1%), from €190,000 to €131,000
- Tax, wage and social debts +€21,476
up €21,476 (+981.2%), from €2,189 to €23,665
- Gross operating margin -€58,239
down €58,239 (-30.5%), from €190,715 to €132,476
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 | €224,841 | €187,465 | -€37,376 | -16.6% |
| Current assets | 29/58 | €224,841 | €187,465 | -€37,376 | -16.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €147,011 | €86,585 | -€60,426 | -41.1% |
| Trade receivables | 40 | €127,836 | €86,585 | -€41,251 | -32.3% |
| Other amounts receivable | 41 | €19,176 | €0 | -€19,176 | -100.0% |
| Cash at bank and in hand | 54/58 | €77,830 | €100,880 | +€23,050 | +29.6% |
| Total equity and liabilities | 10/49 | €224,841 | €187,465 | -€37,376 | -16.6% |
| Equity | 10/15 | €32,526 | €32,667 | +€141 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 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 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,466 | €4,607 | +€141 | +3.2% |
| Amounts payable | 17/49 | €192,316 | €154,799 | -€37,517 | -19.5% |
| Amounts payable within one year | 42/48 | €192,316 | €154,799 | -€37,517 | -19.5% |
| Trade debts | 44 | €127 | €134 | +€7 | +5.6% |
| Suppliers | 440/4 | €127 | €134 | +€7 | +5.6% |
| Taxes, remuneration and social security | 45 | €2,189 | €23,665 | +€21,476 | +981.2% |
| Taxes | 450/3 | €2,189 | €23,665 | +€21,476 | +981.2% |
| Other amounts payable | 47/48 | €190,000 | €131,000 | -€59,000 | -31.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €190,715 | €132,476 | -€58,239 | -30.5% |
| Operating profit (loss) | 9901 | €190,210 | €131,956 | -€58,253 | -30.6% |
| Financial income | 75/76B | €1,603 | €10 | -€1,593 | -99.4% |
| Recurring financial income | 75 | €1,603 | €10 | -€1,593 | -99.4% |
| Financial charges | 65/66B | €148 | €150 | +€2 | +1.2% |
| Recurring financial charges | 65 | €148 | €150 | +€2 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €191,665 | €131,816 | -€59,849 | -31.2% |
| Income taxes | 67/77 | €709 | €675 | -€34 | -4.7% |
| Profit (loss) for the period | 9904 | €190,956 | €131,141 | -€59,815 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €190,956 | €131,141 | -€59,815 | -31.3% |
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 2 October 2026 via checked.be.