VALENTIMMO: 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.
VALENTIMMO
Largest movements
- Cash +€56,013
up €56,013 (+39.9%), from €140,218 to €196,231
mainly Other debts (+€140,250) and Depreciation (+€28,839)
- Tangible fixed assets -€23,061
down €23,061 (-6.5%), from €352,231 to €329,170
- Receivables after one year -€11,887
no longer reported in 2025 (was €11,887)
- Other debts +€140,250
new in 2025: €140,250
- Reserves -€127,500
down €127,500 (-27.6%), from €462,200 to €334,700
of which Distributable reserves: -€127,500
- Tax, wage and social debts +€11,610
new in 2025: €11,610
- Gross operating margin +€7,382
up €7,382 (+11.3%), from €65,178 to €72,560
- Depreciation +€3,424
up €3,424 (+13.5%), from €25,415 to €28,839
- Taxes +€1,977
up €1,977 (+18.2%), from €10,883 to €12,860
- Financial charges -€1,161
down €1,161 (-95.1%), from €1,221 to €60
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 | €526,461 | €552,062 | +€25,601 | +4.9% |
| Fixed assets | 21/28 | €352,406 | €329,345 | -€23,061 | -6.5% |
| Tangible fixed assets | 22/27 | €352,231 | €329,170 | -€23,061 | -6.5% |
| Land and buildings | 22 | €284,541 | €273,991 | -€10,550 | -3.7% |
| Plant, machinery and equipment | 23 | €4,361 | €4,038 | -€323 | -7.4% |
| Furniture and vehicles | 24 | €35,781 | €25,086 | -€10,695 | -29.9% |
| Other tangible fixed assets | 26 | €27,548 | €26,055 | -€1,493 | -5.4% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €174,055 | €222,717 | +€48,662 | +28.0% |
| Amounts receivable after more than one year | 29 | €11,887 | - | -€11,887 | |
| Other amounts receivable | 291 | €11,887 | - | -€11,887 | |
| Amounts receivable within one year | 40/41 | €19,145 | €24,120 | +€4,975 | +26.0% |
| Trade receivables | 40 | €2,550 | €1,757 | -€793 | -31.1% |
| Other amounts receivable | 41 | €16,595 | €22,363 | +€5,768 | +34.8% |
| Cash at bank and in hand | 54/58 | €140,218 | €196,231 | +€56,013 | +39.9% |
| Deferred charges and accrued income | 490/1 | €2,805 | €2,366 | -€439 | -15.7% |
| Total equity and liabilities | 10/49 | €526,461 | €552,062 | +€25,601 | +4.9% |
| Equity | 10/15 | €524,250 | €397,466 | -€126,784 | -24.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €462,200 | €334,700 | -€127,500 | -27.6% |
| Non-distributable reserves | 130/1 | €19,700 | €19,700 | = | 0.0% |
| Legal reserve | 130 | €19,700 | €19,700 | = | 0.0% |
| Distributable reserves | 133 | €442,500 | €315,000 | -€127,500 | -28.8% |
| Profit (loss) carried forward | 14 | €550 | €1,266 | +€716 | +130% |
| Amounts payable | 17/49 | €2,211 | €154,596 | +€152,385 | +6,892% |
| Amounts payable within one year | 42/48 | €606 | €152,191 | +€151,585 | +25,014% |
| Trade debts | 44 | €606 | €331 | -€275 | -45.4% |
| Suppliers | 440/4 | €606 | €331 | -€275 | -45.4% |
| Taxes, remuneration and social security | 45 | - | €11,610 | +€11,610 | |
| Taxes | 450/3 | - | €11,610 | +€11,610 | |
| Other amounts payable | 47/48 | - | €140,250 | +€140,250 | |
| Accrued charges and deferred income | 492/3 | €1,605 | €2,405 | +€800 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,415 | €28,839 | +€3,424 | +13.5% |
| Other operating charges | 640/8 | €7,704 | €7,957 | +€253 | +3.3% |
| Non-recurring operating charges | 66A | €159 | €76 | -€83 | -52.2% |
| Gross operating margin | 9900 | €65,178 | €72,560 | +€7,382 | +11.3% |
| Operating profit (loss) | 9901 | €31,900 | €35,688 | +€3,788 | +11.9% |
| Financial income | 75/76B | €670 | €448 | -€222 | -33.1% |
| Recurring financial income | 75 | €670 | €448 | -€222 | -33.1% |
| Financial charges | 65/66B | €1,221 | €60 | -€1,161 | -95.1% |
| Recurring financial charges | 65 | €1,221 | €60 | -€1,161 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | €31,349 | €36,076 | +€4,727 | +15.1% |
| Income taxes | 67/77 | €10,883 | €12,860 | +€1,977 | +18.2% |
| Profit (loss) for the period | 9904 | €20,466 | €23,216 | +€2,750 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,466 | €23,216 | +€2,750 | +13.4% |
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 16 October 2026 via checked.be.