VALENTO: 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.
VALENTO
Largest movements
- Cash +€6,708
up €6,708 (+140.2%), from €4,785 to €11,493
mainly Net result for the year (+€7,644) and Depreciation (+€7,160)
- Tangible fixed assets +€3,249
up €3,249 (+19.0%), from €17,100 to €20,348
of which Furniture and vehicles: +€8,614
- Stocks and contracts -€2,300
down €2,300 (-83.0%), from €2,770 to €470
- Receivables within one year -€1,713
down €1,713 (-15.9%), from €10,741 to €9,028
of which Trade receivables: -€1,755
- Current portion of long-term debt -€7,844
no longer reported in 2025 (was €7,844)
- Profit (loss) carried forward +€7,644
up €7,644 (+69.9%), from -€10,939 to -€3,295
- Other debts +€4,129
new in 2025: €4,129
- Tax, wage and social debts +€1,710
up €1,710 (+11.0%), from €15,597 to €17,307
- Gross operating margin +€4,305
up €4,305 (+4.8%), from €89,570 to €93,874
- Staff costs -€1,564
down €1,564 (-2.0%), from €77,522 to €75,957
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 | €35,396 | €41,340 | +€5,944 | +16.8% |
| Fixed assets | 21/28 | €17,100 | €20,348 | +€3,249 | +19.0% |
| Tangible fixed assets | 22/27 | €17,100 | €20,348 | +€3,249 | +19.0% |
| Plant, machinery and equipment | 23 | €10,723 | €6,901 | -€3,823 | -35.6% |
| Furniture and vehicles | 24 | €1,748 | €10,362 | +€8,614 | +492.7% |
| Other tangible fixed assets | 26 | €4,628 | €3,085 | -€1,543 | -33.3% |
| Current assets | 29/58 | €18,296 | €20,991 | +€2,695 | +14.7% |
| Stocks and contracts in progress | 3 | €2,770 | €470 | -€2,300 | -83.0% |
| Stocks | 30/36 | €2,770 | €470 | -€2,300 | -83.0% |
| Amounts receivable within one year | 40/41 | €10,741 | €9,028 | -€1,713 | -15.9% |
| Trade receivables | 40 | €6,064 | €4,309 | -€1,755 | -28.9% |
| Other amounts receivable | 41 | €4,677 | €4,719 | +€42 | +0.9% |
| Cash at bank and in hand | 54/58 | €4,785 | €11,493 | +€6,708 | +140.2% |
| Total equity and liabilities | 10/49 | €35,396 | €41,340 | +€5,944 | +16.8% |
| Equity | 10/15 | €9,513 | €17,157 | +€7,644 | +80.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,939 | -€3,295 | +€7,644 | +69.9% |
| Amounts payable | 17/49 | €25,882 | €24,182 | -€1,700 | -6.6% |
| Amounts payable within one year | 42/48 | €25,882 | €24,182 | -€1,700 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €7,844 | - | -€7,844 | |
| Trade debts | 44 | €2,441 | €2,746 | +€304 | +12.5% |
| Suppliers | 440/4 | €2,441 | €2,746 | +€304 | +12.5% |
| Taxes, remuneration and social security | 45 | €15,597 | €17,307 | +€1,710 | +11.0% |
| Remuneration and social security | 454/9 | €15,597 | €17,307 | +€1,710 | +11.0% |
| Other amounts payable | 47/48 | - | €4,129 | +€4,129 | |
| Remuneration, social security and pensions | 62 | €77,522 | €75,957 | -€1,564 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,130 | €7,160 | +€30 | +0.4% |
| Other operating charges | 640/8 | €3,666 | €2,795 | -€872 | -23.8% |
| Non-recurring operating charges | 66A | €624 | - | -€624 | |
| Gross operating margin | 9900 | €89,570 | €93,874 | +€4,305 | +4.8% |
| Operating profit (loss) | 9901 | €627 | €7,962 | +€7,335 | +1169.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,013 | €318 | -€695 | -68.6% |
| Recurring financial charges | 65 | €1,013 | €318 | -€695 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | -€386 | €7,644 | +€8,030 | |
| Profit (loss) for the period | 9904 | -€386 | €7,644 | +€8,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€386 | €7,644 | +€8,030 |
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 8 October 2026 via checked.be.