VALERIAN DOYLE: 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.
VALERIAN DOYLE
Largest movements
- Receivables within one year -€1,991
no longer reported in 2025 (was €1,991)
of which Trade receivables: -€1,948
- Cash +€1,746
up €1,746 (+563,329%), from €0 to €1,747
mainly Receivables within one year (+€1,991) and Trade debts (+€553)
- Stocks and contracts -€321
no longer reported in 2025 (was €321)
- Profit (loss) carried forward -€1,118
down €1,118 (-30.3%), from -€3,688 to -€4,806
- Trade debts +€553
new in 2025: €553
- Gross operating margin -€3,487
down €3,487, from €2,596 to -€891
- Depreciation -€875
no longer reported in 2025 (was €875)
- Financial charges +€115
up €115 (+103%), from €112 to €227
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 | €2,312 | €1,747 | -€566 | -24.5% |
| Current assets | 29/58 | €2,312 | €1,747 | -€566 | -24.5% |
| Stocks and contracts in progress | 3 | €321 | - | -€321 | |
| Stocks | 30/36 | €321 | - | -€321 | |
| Amounts receivable within one year | 40/41 | €1,991 | - | -€1,991 | |
| Trade receivables | 40 | €1,948 | - | -€1,948 | |
| Other amounts receivable | 41 | €43 | - | -€43 | |
| Cash at bank and in hand | 54/58 | €0 | €1,747 | +€1,746 | +563,329% |
| Total equity and liabilities | 10/49 | €2,312 | €1,747 | -€566 | -24.5% |
| Equity | 10/15 | €2,312 | €1,194 | -€1,118 | -48.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,688 | -€4,806 | -€1,118 | -30.3% |
| Amounts payable | 17/49 | - | €553 | +€553 | |
| Amounts payable within one year | 42/48 | - | €553 | +€553 | |
| Trade debts | 44 | - | €553 | +€553 | |
| Suppliers | 440/4 | - | €553 | +€553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875 | - | -€875 | |
| Gross operating margin | 9900 | €2,596 | -€891 | -€3,487 | |
| Operating profit (loss) | 9901 | €1,721 | -€891 | -€2,612 | |
| Financial charges | 65/66B | €112 | €227 | +€115 | +103% |
| Recurring financial charges | 65 | €112 | €227 | +€115 | +103% |
| Profit (loss) for the period before taxes | 9903 | €1,609 | -€1,118 | -€2,727 | |
| Profit (loss) for the period | 9904 | €1,609 | -€1,118 | -€2,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,609 | -€1,118 | -€2,727 |
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 24 October 2026 via checked.be.