VALERCO: 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.
What changed
VALERCO
NACE 46.460, Wholesale of pharmaceutical and medical goods
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€48,142
2023 · €40,687+€7,455
Equity
€770,565
2023 · €722,423+€48,142
Cash
€515,612
2023 · €564,863-€49,251
Balance sheet total
€15.0m
2023 · €11.4m+€3.5m
Largest movements
Assets
- Receivables within one year +€3.5m
up €3.5m (+83.4%), from €4.1m to €7.6m
of which Other amounts receivable: +€3.0m
Equity and liabilities
- Short-term financial debts +€3.3m
new in 2024: €3.3m
- Trade debts +€489,962
up €489,962 (+10.3%), from €4.8m to €5.3m
- Debts after one year -€474,236
down €474,236 (-8.9%), from €5.3m to €4.8m
- Accrued charges and deferred income +€240,193
up €240,193 (+445%), from €53,948 to €294,140
Income statement
- Goods and materials +€6.6m
up €6.6m (+16.5%), from €40.1m to €46.7m
of which Purchases: +€6.7m
- Turnover +€5.9m
up €5.9m (+12.8%), from €46.4m to €52.4m
- Services and other goods -€676,763
down €676,763 (-11.0%), from €6.2m to €5.5m
From the 2023 result to the 2024 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.
Result 2023
€40,687
Turnover
+€5.9m
Other operating income
+€146,917
Goods and materials
-€6.6m
Services and other goods
+€676,763
Staff costs
-€42,117
Depreciation
-€1,075
Other operating charges
+€120
Other operating items
+€60,500
Financial income
+€119,038
Financial charges
-€295,204
Taxes
+€3,000
Result 2024
€48,142
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€2.8m
Investment
-€56,553
Financing
+€2.8m
Cash 2023
€564,863
From operations (derived)
-€2.8m
Net result for the year
+€48,142
Depreciation
+€32,054
Stocks and contracts
-€134,166
Receivables within one year
-€3.5m
Deferred charges and accrued income
+€24,141
Trade debts
+€489,962
Tax, wage and social debts
-€34,229
Accrued charges and deferred income
+€240,193
Investment (derived)
-€56,553
Investment in fixed assets (net)
-€56,553
Financing
+€2.8m
Debts after one year
-€474,236
Current portion of long-term debt
+€25,107
Short-term financial debts
+€3.3m
Cash 2024
€515,612
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,405,193 | €14,950,132 | +€3.5m | +31.1% |
| Fixed assets | 21/28 | €6,134,042 | €6,158,540 | +€24,499 | +0.4% |
| Tangible fixed assets | 22/27 | €127,846 | €127,344 | -€501 | -0.4% |
| Plant, machinery and equipment | 23 | €125,561 | €123,108 | -€2,453 | -2.0% |
| Furniture and vehicles | 24 | €2,284 | €4,236 | +€1,952 | +85.4% |
| Financial fixed assets | 28 | €6,006,196 | €6,031,196 | +€25,000 | +0.4% |
| Affiliated companies | 280/1 | €6,000,000 | €6,025,000 | +€25,000 | +0.4% |
| Participating interests | 280 | €6,000,000 | €6,025,000 | +€25,000 | +0.4% |
| Other financial fixed assets | 284/8 | €6,196 | €6,196 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,196 | €6,196 | = | 0.0% |
| Current assets | 29/58 | €5,271,152 | €8,791,592 | +€3.5m | +66.8% |
| Stocks and contracts in progress | 3 | €218,390 | €352,556 | +€134,166 | +61.4% |
| Stocks | 30/36 | €218,390 | €352,556 | +€134,166 | +61.4% |
| Goods purchased for resale | 34 | €218,390 | €352,556 | +€134,166 | +61.4% |
| Amounts receivable within one year | 40/41 | €4,149,424 | €7,609,091 | +€3.5m | +83.4% |
| Trade receivables | 40 | €3,410,020 | €3,885,891 | +€475,871 | +14.0% |
| Other amounts receivable | 41 | €739,404 | €3,723,200 | +€3.0m | +404% |
| Cash at bank and in hand | 54/58 | €564,863 | €515,612 | -€49,251 | -8.7% |
| Deferred charges and accrued income | 490/1 | €338,475 | €314,334 | -€24,141 | -7.1% |
| Total equity and liabilities | 10/49 | €11,405,193 | €14,950,132 | +€3.5m | +31.1% |
| Equity | 10/15 | €722,423 | €770,565 | +€48,142 | +6.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €654,223 | €702,365 | +€48,142 | +7.4% |
| Amounts payable | 17/49 | €10,682,770 | €14,179,567 | +€3.5m | +32.7% |
| Amounts payable after more than one year | 17 | €5,300,018 | €4,825,782 | -€474,236 | -8.9% |
| Financial debts | 170/4 | €5,300,018 | €4,825,782 | -€474,236 | -8.9% |
| Credit institutions | 173 | €2,300,018 | €1,825,782 | -€474,236 | -20.6% |
| Other loans | 174 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,328,804 | €9,059,644 | +€3.7m | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €449,129 | €474,236 | +€25,107 | +5.6% |
| Financial debts | 43 | - | €3,250,000 | +€3.3m | |
| Other loans | 439 | - | €3,250,000 | +€3.3m | |
| Trade debts | 44 | €4,778,906 | €5,268,868 | +€489,962 | +10.3% |
| Suppliers | 440/4 | €4,778,906 | €5,268,868 | +€489,962 | +10.3% |
| Taxes, remuneration and social security | 45 | €100,769 | €66,540 | -€34,229 | -34.0% |
| Taxes | 450/3 | €34,713 | €11,000 | -€23,713 | -68.3% |
| Remuneration and social security | 454/9 | €66,056 | €55,540 | -€10,515 | -15.9% |
| Accrued charges and deferred income | 492/3 | €53,948 | €294,140 | +€240,193 | +445% |
| Operating income | 70/76A | €47,105,757 | €53,257,847 | +€6.2m | +13.1% |
| Turnover | 70 | €46,425,001 | €52,369,673 | +€5.9m | +12.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€60,500 | €0 | +€60,500 | |
| Other operating income | 74 | €741,257 | €888,174 | +€146,917 | +19.8% |
| Operating charges | 60/66A | €46,875,077 | €52,846,545 | +€6.0m | +12.7% |
| Goods for resale, raw materials and consumables | 60 | €40,144,144 | €46,749,304 | +€6.6m | +16.5% |
| Purchases | 600/8 | €40,196,422 | €46,883,470 | +€6.7m | +16.6% |
| Change in stocks: decrease (increase) | 609 | -€52,278 | -€134,166 | -€81,888 | -157% |
| Services and other goods | 61 | €6,174,154 | €5,497,391 | -€676,763 | -11.0% |
| Remuneration, social security and pensions | 62 | €525,073 | €567,189 | +€42,117 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,979 | €32,054 | +€1,075 | +3.5% |
| Other operating charges | 640/8 | €727 | €607 | -€120 | -16.5% |
| Operating profit (loss) | 9901 | €230,681 | €411,301 | +€180,620 | +78.3% |
| Financial income | 75/76B | €81,244 | €200,283 | +€119,038 | +147% |
| Recurring financial income | 75 | €81,244 | €200,283 | +€119,038 | +147% |
| Income from financial fixed assets | 750 | €30,000 | - | -€30,000 | |
| Income from current assets | 751 | - | €156,035 | +€156,035 | |
| Other financial income | 752/9 | €51,244 | €44,247 | -€6,997 | -13.7% |
| Financial charges | 65/66B | €259,238 | €554,442 | +€295,204 | +114% |
| Recurring financial charges | 65 | €259,238 | €554,442 | +€295,204 | +114% |
| Debt charges | 650 | €256,190 | €508,640 | +€252,449 | +98.5% |
| Other financial charges | 652/9 | €3,048 | €45,802 | +€42,754 | +1,403% |
| Profit (loss) for the period before taxes | 9903 | €52,687 | €57,142 | +€4,455 | +8.5% |
| Income taxes | 67/77 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Taxes | 670/3 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Profit (loss) for the period | 9904 | €40,687 | €48,142 | +€7,455 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,687 | €48,142 | +€7,455 | +18.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.