VALEOTECH: 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.
VALEOTECH
Largest movements
- Cash +€137,413
up €137,413 (+198.6%), from €69,203 to €206,616
mainly Other debts (+€150,281) and Net result for the year (+€84,030)
- Financial fixed assets +€7,248
up €7,248 (+5.2%), from €139,594 to €146,842
- Receivables within one year +€4,597
up €4,597 (+24.8%), from €18,567 to €23,164
of which Other amounts receivable: +€5,474
- Other debts +€150,281
up €150,281 (+74.9%), from €200,714 to €350,995
- Gross operating margin +€46,755
up €46,755 (+40.8%), from €114,575 to €161,329
- Financial charges +€20,582
up €20,582 (+56.6%), from €36,383 to €56,966
- Taxes +€6,677
up €6,677 (+39.6%), from €16,850 to €23,526
- Financial income +€2,892
up €2,892 (+62.4%), from €4,638 to €7,530
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 | €239,974 | €390,121 | +€150,148 | +62.6% |
| Fixed assets | 21/28 | €144,107 | €151,902 | +€7,795 | +5.4% |
| Tangible fixed assets | 22/27 | €4,513 | €5,060 | +€547 | +12.1% |
| Furniture and vehicles | 24 | €4,513 | €4,295 | -€218 | -4.8% |
| Other tangible fixed assets | 26 | - | €765 | +€765 | |
| Financial fixed assets | 28 | €139,594 | €146,842 | +€7,248 | +5.2% |
| Current assets | 29/58 | €95,867 | €238,219 | +€142,352 | +148.5% |
| Amounts receivable within one year | 40/41 | €18,567 | €23,164 | +€4,597 | +24.8% |
| Trade receivables | 40 | €17,817 | €16,940 | -€877 | -4.9% |
| Other amounts receivable | 41 | €750 | €6,224 | +€5,474 | +729.5% |
| Cash at bank and in hand | 54/58 | €69,203 | €206,616 | +€137,413 | +198.6% |
| Deferred charges and accrued income | 490/1 | €8,097 | €8,439 | +€342 | +4.2% |
| Total equity and liabilities | 10/49 | €239,974 | €390,121 | +€150,148 | +62.6% |
| Equity | 10/15 | €26,565 | €26,565 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,965 | €7,965 | = | 0.0% |
| Distributable reserves | 133 | €7,965 | €7,965 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €213,409 | €363,556 | +€150,148 | +70.4% |
| Amounts payable within one year | 42/48 | €211,633 | €361,974 | +€150,341 | +71.0% |
| Trade debts | 44 | €1,540 | €1,664 | +€125 | +8.1% |
| Suppliers | 440/4 | €1,540 | €1,664 | +€125 | +8.1% |
| Taxes, remuneration and social security | 45 | €9,379 | €9,314 | -€65 | -0.7% |
| Taxes | 450/3 | €9,379 | €9,314 | -€65 | -0.7% |
| Other amounts payable | 47/48 | €200,714 | €350,995 | +€150,281 | +74.9% |
| Accrued charges and deferred income | 492/3 | €1,776 | €1,582 | -€193 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,985 | €2,224 | +€239 | +12.0% |
| Other operating charges | 640/8 | €1,868 | €2,114 | +€245 | +13.1% |
| Gross operating margin | 9900 | €114,575 | €161,329 | +€46,755 | +40.8% |
| Operating profit (loss) | 9901 | €110,722 | €156,992 | +€46,270 | +41.8% |
| Financial income | 75/76B | €4,638 | €7,530 | +€2,892 | +62.4% |
| Recurring financial income | 75 | €4,638 | €7,530 | +€2,892 | +62.4% |
| Financial charges | 65/66B | €36,383 | €56,966 | +€20,582 | +56.6% |
| Recurring financial charges | 65 | €36,383 | €56,966 | +€20,582 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | €78,976 | €107,556 | +€28,581 | +36.2% |
| Income taxes | 67/77 | €16,850 | €23,526 | +€6,677 | +39.6% |
| Profit (loss) for the period | 9904 | €62,126 | €84,030 | +€21,904 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,126 | €84,030 | +€21,904 | +35.3% |
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 10 October 2026 via checked.be.