VALENTIN & Co: 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.
VALENTIN & Co
Largest movements
- Tangible fixed assets -€82,570
down €82,570 (-4.7%), from €1.8m to €1.7m
- Debts after one year -€82,681
down €82,681 (-7.9%), from €1.1m to €970,170
- Profit (loss) carried forward +€28,450
up €28,450 (+26.2%), from -€108,593 to -€80,143
- Other debts -€25,428
down €25,428 (-4.8%), from €531,812 to €506,384
- Gross operating margin +€4,625
up €4,625 (+3.0%), from €154,043 to €158,668
- Financial charges -€2,093
down €2,093 (-6.2%), from €33,790 to €31,697
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 | €1,794,896 | €1,718,446 | -€76,450 | -4.3% |
| Fixed assets | 21/28 | €1,768,889 | €1,686,318 | -€82,570 | -4.7% |
| Tangible fixed assets | 22/27 | €1,768,889 | €1,686,318 | -€82,570 | -4.7% |
| Land and buildings | 22 | €1,768,889 | €1,686,318 | -€82,570 | -4.7% |
| Current assets | 29/58 | €26,007 | €32,127 | +€6,120 | +23.5% |
| Amounts receivable within one year | 40/41 | €2,088 | €1,665 | -€423 | -20.3% |
| Trade receivables | 40 | - | €5 | +€5 | |
| Other amounts receivable | 41 | €2,088 | €1,660 | -€428 | -20.5% |
| Cash at bank and in hand | 54/58 | €17,664 | €29,208 | +€11,544 | +65.4% |
| Deferred charges and accrued income | 490/1 | €6,255 | €1,255 | -€5,000 | -79.9% |
| Total equity and liabilities | 10/49 | €1,794,896 | €1,718,446 | -€76,450 | -4.3% |
| Equity | 10/15 | €119,505 | €147,955 | +€28,450 | +23.8% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €8,099 | €8,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,099 | €8,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,099 | €8,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,593 | -€80,143 | +€28,450 | +26.2% |
| Amounts payable | 17/49 | €1,675,390 | €1,570,490 | -€104,900 | -6.3% |
| Amounts payable after more than one year | 17 | €1,052,851 | €970,170 | -€82,681 | -7.9% |
| Financial debts | 170/4 | €1,052,851 | €970,170 | -€82,681 | -7.9% |
| Amounts payable within one year | 42/48 | €622,540 | €600,320 | -€22,219 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €80,360 | €82,681 | +€2,320 | +2.9% |
| Trade debts | 44 | €7,485 | €8,374 | +€889 | +11.9% |
| Suppliers | 440/4 | €7,485 | €8,374 | +€889 | +11.9% |
| Advances received on contracts in progress | 46 | €2,882 | €2,882 | = | 0.0% |
| Other amounts payable | 47/48 | €531,812 | €506,384 | -€25,428 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,357 | €82,570 | -€786 | -0.9% |
| Other operating charges | 640/8 | €15,465 | €15,951 | +€485 | +3.1% |
| Gross operating margin | 9900 | €154,043 | €158,668 | +€4,625 | +3.0% |
| Operating profit (loss) | 9901 | €55,221 | €60,147 | +€4,926 | +8.9% |
| Financial charges | 65/66B | €33,790 | €31,697 | -€2,093 | -6.2% |
| Recurring financial charges | 65 | €33,790 | €31,697 | -€2,093 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €21,431 | €28,450 | +€7,019 | +32.8% |
| Profit (loss) for the period | 9904 | €21,431 | €28,450 | +€7,019 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,431 | €28,450 | +€7,019 | +32.8% |
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 4 October 2026 via checked.be.