VALEO Management: 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.
VALEO Management
Largest movements
- Tangible fixed assets +€326,353
up €326,353 (+149.3%), from €218,565 to €544,918
of which Land and buildings: +€330,590
- Financial fixed assets +€117,500
up €117,500 (+1175.0%), from €10,000 to €127,500
- Receivables within one year +€64,573
up €64,573 (+563.1%), from €11,467 to €76,039
of which Other amounts receivable: +€70,039
- Debts after one year +€416,154
up €416,154 (+312.8%), from €133,052 to €549,206
- Profit (loss) carried forward +€70,023
up €70,023 (+77.9%), from €89,845 to €159,868
- Current portion of long-term debt +€17,152
up €17,152 (+408.9%), from €4,194 to €21,346
- Other debts +€8,111
up €8,111 (+61.5%), from €13,184 to €21,296
- Gross operating margin -€37,394
down €37,394 (-23.9%), from €156,711 to €119,317
- Taxes -€13,149
down €13,149 (-52.1%), from €25,250 to €12,101
- Depreciation -€13,098
down €13,098 (-45.5%), from €28,810 to €15,713
- Financial charges +€8,479
up €8,479 (+251.6%), from €3,370 to €11,849
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 | €264,348 | €766,469 | +€502,121 | +189.9% |
| Fixed assets | 21/28 | €228,565 | €672,418 | +€443,853 | +194.2% |
| Tangible fixed assets | 22/27 | €218,565 | €544,918 | +€326,353 | +149.3% |
| Land and buildings | 22 | €180,658 | €511,248 | +€330,590 | +183.0% |
| Plant, machinery and equipment | 23 | €37,907 | €33,671 | -€4,236 | -11.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €10,000 | €127,500 | +€117,500 | +1175.0% |
| Current assets | 29/58 | €35,783 | €94,051 | +€58,268 | +162.8% |
| Amounts receivable within one year | 40/41 | €11,467 | €76,039 | +€64,573 | +563.1% |
| Trade receivables | 40 | €10,467 | €5,000 | -€5,467 | -52.2% |
| Other amounts receivable | 41 | €1,000 | €71,039 | +€70,039 | +7003.9% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,921 | €8,012 | -€5,910 | -42.4% |
| Deferred charges and accrued income | 490/1 | €395 | €0 | -€395 | -100.0% |
| Total equity and liabilities | 10/49 | €264,348 | €766,469 | +€502,121 | +189.9% |
| Equity | 10/15 | €94,845 | €164,868 | +€70,023 | +73.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,845 | €159,868 | +€70,023 | +77.9% |
| Amounts payable | 17/49 | €169,504 | €601,602 | +€432,098 | +254.9% |
| Amounts payable after more than one year | 17 | €133,052 | €549,206 | +€416,154 | +312.8% |
| Financial debts | 170/4 | €133,052 | €549,206 | +€416,154 | +312.8% |
| Amounts payable within one year | 42/48 | €33,472 | €51,826 | +€18,354 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €4,194 | €21,346 | +€17,152 | +408.9% |
| Trade debts | 44 | €2,838 | €1,861 | -€977 | -34.4% |
| Suppliers | 440/4 | €2,838 | €1,861 | -€977 | -34.4% |
| Taxes, remuneration and social security | 45 | €13,256 | €7,323 | -€5,933 | -44.8% |
| Taxes | 450/3 | €13,240 | €6,515 | -€6,726 | -50.8% |
| Remuneration and social security | 454/9 | €15 | €808 | +€793 | +5197.5% |
| Other amounts payable | 47/48 | €13,184 | €21,296 | +€8,111 | +61.5% |
| Accrued charges and deferred income | 492/3 | €2,980 | €570 | -€2,410 | -80.9% |
| Remuneration, social security and pensions | 62 | €112 | €243 | +€131 | +116.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,810 | €15,713 | -€13,098 | -45.5% |
| Other operating charges | 640/8 | €1,273 | €1,477 | +€204 | +16.0% |
| Gross operating margin | 9900 | €156,711 | €119,317 | -€37,394 | -23.9% |
| Operating profit (loss) | 9901 | €126,516 | €101,884 | -€24,631 | -19.5% |
| Financial income | 75/76B | €948 | €1,088 | +€140 | +14.7% |
| Recurring financial income | 75 | €948 | €1,088 | +€140 | +14.7% |
| Financial charges | 65/66B | €3,370 | €11,849 | +€8,479 | +251.6% |
| Recurring financial charges | 65 | €3,370 | €11,849 | +€8,479 | +251.6% |
| Profit (loss) for the period before taxes | 9903 | €124,094 | €91,124 | -€32,971 | -26.6% |
| Income taxes | 67/77 | €25,250 | €12,101 | -€13,149 | -52.1% |
| Profit (loss) for the period | 9904 | €98,845 | €79,023 | -€19,822 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €98,845 | €79,023 | -€19,822 | -20.1% |
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 11 October 2026 via checked.be.