Valentine Offshore Services: 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.
Valentine Offshore Services
Largest movements
- Receivables within one year +€67,313
up €67,313 (+324%), from €20,756 to €88,070
of which Trade receivables: +€67,415
- Cash +€62,915
up €62,915 (+63.6%), from €98,950 to €161,865
mainly Net result for the year (+€94,824) and Trade debts (+€38,622)
- Receivables after one year +€5,000
new in 2025: €5,000
- Reserves +€94,824
up €94,824 (+108%), from €87,904 to €182,728
- Trade debts +€38,622
up €38,622 (+748%), from €5,162 to €43,784
- Gross operating margin +€11,161
up €11,161 (+9.9%), from €112,588 to €123,749
- Taxes +€2,765
up €2,765 (+11.3%), from €24,478 to €27,243
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 | €124,265 | €259,558 | +€135,294 | +109% |
| Fixed assets | 21/28 | €4,558 | €3,169 | -€1,389 | -30.5% |
| Tangible fixed assets | 22/27 | €4,558 | €3,169 | -€1,389 | -30.5% |
| Furniture and vehicles | 24 | €4,558 | €3,169 | -€1,389 | -30.5% |
| Current assets | 29/58 | €119,707 | €256,389 | +€136,683 | +114% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €20,756 | €88,070 | +€67,313 | +324% |
| Trade receivables | 40 | €18,081 | €85,495 | +€67,415 | +373% |
| Other amounts receivable | 41 | €2,676 | €2,575 | -€101 | -3.8% |
| Cash at bank and in hand | 54/58 | €98,950 | €161,865 | +€62,915 | +63.6% |
| Deferred charges and accrued income | 490/1 | - | €1,454 | +€1,454 | |
| Total equity and liabilities | 10/49 | €124,265 | €259,558 | +€135,294 | +109% |
| Equity | 10/15 | €90,404 | €185,228 | +€94,824 | +105% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €87,904 | €182,728 | +€94,824 | +108% |
| Distributable reserves | 133 | €87,904 | €182,728 | +€94,824 | +108% |
| Amounts payable | 17/49 | €33,861 | €74,330 | +€40,469 | +120% |
| Amounts payable within one year | 42/48 | €33,861 | €74,330 | +€40,469 | +120% |
| Financial debts | 43 | - | €637 | +€637 | |
| Credit institutions | 430/8 | - | €637 | +€637 | |
| Trade debts | 44 | €5,162 | €43,784 | +€38,622 | +748% |
| Suppliers | 440/4 | €5,162 | €43,784 | +€38,622 | +748% |
| Taxes, remuneration and social security | 45 | €27,620 | €29,910 | +€2,290 | +8.3% |
| Taxes | 450/3 | €27,290 | €28,687 | +€1,397 | +5.1% |
| Remuneration and social security | 454/9 | €330 | €1,223 | +€893 | +271% |
| Other amounts payable | 47/48 | €1,079 | €0 | -€1,079 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998 | €1,389 | +€391 | +39.2% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €112,588 | €123,749 | +€11,161 | +9.9% |
| Operating profit (loss) | 9901 | €111,590 | €122,216 | +€10,626 | +9.5% |
| Financial income | 75/76B | €235 | €189 | -€46 | -19.7% |
| Recurring financial income | 75 | €235 | €189 | -€46 | -19.7% |
| Financial charges | 65/66B | -€557 | €337 | +€895 | |
| Recurring financial charges | 65 | -€557 | €337 | +€895 | |
| Profit (loss) for the period before taxes | 9903 | €112,382 | €122,067 | +€9,685 | +8.6% |
| Income taxes | 67/77 | €24,478 | €27,243 | +€2,765 | +11.3% |
| Profit (loss) for the period | 9904 | €87,904 | €94,824 | +€6,920 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €87,904 | €94,824 | +€6,920 | +7.9% |
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 31 October 2026 via checked.be.