Valentin Construct: 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.
Valentin Construct
Largest movements
- Cash -€2,263
down €2,263 (-59.1%), from €3,827 to €1,564
mainly Provisions (-€7,000) and Other debts (-€2,262)
- Deferred charges and accrued income -€1,530
down €1,530 (-95.4%), from €1,604 to €73
- Receivables within one year +€658
up €658 (+3.6%), from €18,109 to €18,767
of which Other amounts receivable: +€5,359
- Tangible fixed assets -€366
down €366 (-77.0%), from €476 to €109
- Provisions -€7,000
no longer reported in 2023 (was €7,000)
- Profit (loss) carried forward +€2,404
up €2,404 (+24.4%), from €9,851 to €12,255
- Other debts -€2,262
no longer reported in 2023 (was €2,262)
- Trade debts +€2,094
up €2,094 (+109.8%), from €1,908 to €4,002
- Tax, wage and social debts +€1,262
up €1,262 (+43.6%), from €2,895 to €4,157
- Purchases and services +€18,502
up €18,502 (+19.1%), from €96,674 to €115,177
- Turnover +€17,367
up €17,367 (+17.0%), from €102,000 to €119,367
- Staff costs -€1,704
no longer reported in 2023 (was €1,704)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,015 | €20,514 | -€3,502 | -14.6% |
| Fixed assets | 21/28 | €476 | €109 | -€366 | -77.0% |
| Tangible fixed assets | 22/27 | €476 | €109 | -€366 | -77.0% |
| Plant, machinery and equipment | 23 | €476 | €109 | -€366 | -77.0% |
| Current assets | 29/58 | €23,540 | €20,404 | -€3,135 | -13.3% |
| Amounts receivable within one year | 40/41 | €18,109 | €18,767 | +€658 | +3.6% |
| Trade receivables | 40 | €13,639 | €8,938 | -€4,701 | -34.5% |
| Other amounts receivable | 41 | €4,470 | €9,829 | +€5,359 | +119.9% |
| Cash at bank and in hand | 54/58 | €3,827 | €1,564 | -€2,263 | -59.1% |
| Deferred charges and accrued income | 490/1 | €1,604 | €73 | -€1,530 | -95.4% |
| Total equity and liabilities | 10/49 | €24,015 | €20,514 | -€3,502 | -14.6% |
| Equity | 10/15 | €9,951 | €12,355 | +€2,404 | +24.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Contributions outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,851 | €12,255 | +€2,404 | +24.4% |
| Provisions and deferred taxes | 16 | €7,000 | - | -€7,000 | |
| Provisions for liabilities and charges | 160/5 | €7,000 | - | -€7,000 | |
| Taxes | 161 | €7,000 | - | -€7,000 | |
| Amounts payable | 17/49 | €7,064 | €8,159 | +€1,094 | +15.5% |
| Amounts payable within one year | 42/48 | €7,064 | €8,159 | +€1,094 | +15.5% |
| Trade debts | 44 | €1,908 | €4,002 | +€2,094 | +109.8% |
| Suppliers | 440/4 | €1,908 | €4,002 | +€2,094 | +109.8% |
| Taxes, remuneration and social security | 45 | €2,895 | €4,157 | +€1,262 | +43.6% |
| Taxes | 450/3 | €2,895 | €4,157 | +€1,262 | +43.6% |
| Other amounts payable | 47/48 | €2,262 | - | -€2,262 | |
| Turnover | 70 | €102,000 | €119,367 | +€17,367 | +17.0% |
| Non-recurring operating income | 76A | - | €203 | +€203 | |
| Goods, raw materials, services and sundry goods | 60/61 | €96,674 | €115,177 | +€18,502 | +19.1% |
| Remuneration, social security and pensions | 62 | €1,704 | - | -€1,704 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €366 | = | 0.0% |
| Other operating charges | 640/8 | €1,020 | €321 | -€700 | -68.6% |
| Gross operating margin | 9900 | €5,326 | €4,394 | -€932 | -17.5% |
| Operating profit (loss) | 9901 | €2,234 | €3,707 | +€1,472 | +65.9% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €59 | €41 | -€18 | -30.8% |
| Recurring financial charges | 65 | €59 | €41 | -€18 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €2,212 | €3,666 | +€1,454 | +65.7% |
| Income taxes | 67/77 | €1,307 | €1,262 | -€45 | -3.4% |
| Profit (loss) for the period | 9904 | €905 | €2,404 | +€1,499 | +165.7% |
| Profit (loss) for the period to be appropriated | 9905 | €905 | €2,404 | +€1,499 | +165.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.