VALENTIU: 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.
VALENTIU
Largest movements
- Receivables within one year -€13,314
down €13,314 (-93.4%), from €14,260 to €947
of which Trade receivables: -€6,714
- Cash -€12,254
down €12,254 (-63.1%), from €19,408 to €7,154
mainly Accrued charges and deferred income (-€26,847) and Tax, wage and social debts (-€10,115)
- Tangible fixed assets -€5,402
down €5,402 (-12.9%), from €41,898 to €36,496
of which Furniture and vehicles: -€8,252
- Deferred charges and accrued income -€2,154
no longer reported in 2025 (was €2,154)
- Accrued charges and deferred income -€26,847
down €26,847 (-77.4%), from €34,687 to €7,840
- Profit (loss) carried forward +€10,205
up €10,205 (+76.6%), from €13,315 to €23,520
- Tax, wage and social debts -€10,115
down €10,115 (-79.5%), from €12,728 to €2,613
of which Remuneration and social security: -€9,400
- Other debts -€5,639
down €5,639 (-91.4%), from €6,173 to €534
- Depreciation +€8,150
up €8,150 (+568%), from €1,434 to €9,585
- Gross operating margin +€4,396
up €4,396 (+22.6%), from €19,480 to €23,876
- Taxes -€715
down €715 (-21.5%), from €3,328 to €2,613
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 | €77,720 | €44,597 | -€33,123 | -42.6% |
| Fixed assets | 21/28 | €41,898 | €36,496 | -€5,402 | -12.9% |
| Tangible fixed assets | 22/27 | €41,898 | €36,496 | -€5,402 | -12.9% |
| Plant, machinery and equipment | 23 | €1,449 | €4,299 | +€2,850 | +197% |
| Furniture and vehicles | 24 | €40,449 | €32,197 | -€8,252 | -20.4% |
| Current assets | 29/58 | €35,822 | €8,101 | -€27,721 | -77.4% |
| Amounts receivable within one year | 40/41 | €14,260 | €947 | -€13,314 | -93.4% |
| Trade receivables | 40 | €6,714 | - | -€6,714 | |
| Other amounts receivable | 41 | €7,546 | €947 | -€6,600 | -87.5% |
| Cash at bank and in hand | 54/58 | €19,408 | €7,154 | -€12,254 | -63.1% |
| Deferred charges and accrued income | 490/1 | €2,154 | - | -€2,154 | |
| Total equity and liabilities | 10/49 | €77,720 | €44,597 | -€33,123 | -42.6% |
| Equity | 10/15 | €16,315 | €26,520 | +€10,205 | +62.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €3,000 | +€3,000 | |
| Other | 1109/19 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €13,315 | €23,520 | +€10,205 | +76.6% |
| Amounts payable | 17/49 | €61,406 | €18,077 | -€43,329 | -70.6% |
| Amounts payable within one year | 42/48 | €26,719 | €10,237 | -€16,482 | -61.7% |
| Trade debts | 44 | €7,818 | €7,090 | -€728 | -9.3% |
| Suppliers | 440/4 | €7,818 | €7,090 | -€728 | -9.3% |
| Taxes, remuneration and social security | 45 | €12,728 | €2,613 | -€10,115 | -79.5% |
| Taxes | 450/3 | €3,328 | €2,613 | -€715 | -21.5% |
| Remuneration and social security | 454/9 | €9,400 | - | -€9,400 | |
| Other amounts payable | 47/48 | €6,173 | €534 | -€5,639 | -91.4% |
| Accrued charges and deferred income | 492/3 | €34,687 | €7,840 | -€26,847 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €9,585 | +€8,150 | +568% |
| Other operating charges | 640/8 | €1,387 | €1,401 | +€14 | +1.0% |
| Gross operating margin | 9900 | €19,480 | €23,876 | +€4,396 | +22.6% |
| Operating profit (loss) | 9901 | €16,658 | €12,890 | -€3,768 | -22.6% |
| Financial income | 75/76B | €42 | €15 | -€27 | -65.5% |
| Recurring financial income | 75 | €42 | €15 | -€27 | -65.5% |
| Financial charges | 65/66B | €57 | €86 | +€29 | +50.2% |
| Recurring financial charges | 65 | €57 | €86 | +€29 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | €16,643 | €12,818 | -€3,824 | -23.0% |
| Income taxes | 67/77 | €3,328 | €2,613 | -€715 | -21.5% |
| Profit (loss) for the period | 9904 | €13,315 | €10,205 | -€3,110 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,315 | €10,205 | -€3,110 | -23.4% |
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 14 October 2026 via checked.be.