Valesthesie: 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.
Valesthesie
Largest movements
- Cash -€67,909
down €67,909 (-55.7%), from €121,890 to €53,981
mainly Contributions, distributions and other (-€123,824) and Other debts (-€69,717)
- Deferred charges and accrued income +€59,927
up €59,927 (+841.4%), from €7,122 to €67,049
- Tangible fixed assets -€13,306
down €13,306 (-92.2%), from €14,434 to €1,128
of which Furniture and vehicles: -€11,937
- Receivables within one year +€2,841
up €2,841 (+38.7%), from €7,337 to €10,178
of which Other amounts receivable: +€6,817
- Reserves +€90,250
up €90,250 (+533.0%), from €16,933 to €107,183
- Other debts -€69,717
down €69,717 (-92.2%), from €75,638 to €5,922
- Tax, wage and social debts -€39,402
down €39,402 (-72.6%), from €54,296 to €14,894
of which Taxes: -€48,702
- Gross operating margin -€129,546
down €129,546 (-30.6%), from €423,821 to €294,275
- Taxes -€37,198
down €37,198 (-34.0%), from €109,350 to €72,153
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 | €150,784 | €132,336 | -€18,447 | -12.2% |
| Fixed assets | 21/28 | €14,434 | €1,128 | -€13,306 | -92.2% |
| Tangible fixed assets | 22/27 | €14,434 | €1,128 | -€13,306 | -92.2% |
| Plant, machinery and equipment | 23 | €1,852 | €483 | -€1,369 | -73.9% |
| Furniture and vehicles | 24 | €12,582 | €645 | -€11,937 | -94.9% |
| Current assets | 29/58 | €136,350 | €131,208 | -€5,142 | -3.8% |
| Amounts receivable within one year | 40/41 | €7,337 | €10,178 | +€2,841 | +38.7% |
| Trade receivables | 40 | €6,204 | €2,228 | -€3,976 | -64.1% |
| Other amounts receivable | 41 | €1,134 | €7,950 | +€6,817 | +601.3% |
| Cash at bank and in hand | 54/58 | €121,890 | €53,981 | -€67,909 | -55.7% |
| Deferred charges and accrued income | 490/1 | €7,122 | €67,049 | +€59,927 | +841.4% |
| Total equity and liabilities | 10/49 | €150,784 | €132,336 | -€18,447 | -12.2% |
| Equity | 10/15 | €19,933 | €110,183 | +€90,250 | +452.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,933 | €107,183 | +€90,250 | +533.0% |
| Distributable reserves | 133 | €16,933 | €107,183 | +€90,250 | +533.0% |
| Amounts payable | 17/49 | €130,850 | €22,153 | -€108,697 | -83.1% |
| Amounts payable within one year | 42/48 | €130,522 | €21,351 | -€109,172 | -83.6% |
| Trade debts | 44 | €588 | €535 | -€53 | -9.0% |
| Suppliers | 440/4 | €588 | €535 | -€53 | -9.0% |
| Taxes, remuneration and social security | 45 | €54,296 | €14,894 | -€39,402 | -72.6% |
| Taxes | 450/3 | €54,296 | €5,594 | -€48,702 | -89.7% |
| Remuneration and social security | 454/9 | - | €9,300 | +€9,300 | |
| Other amounts payable | 47/48 | €75,638 | €5,922 | -€69,717 | -92.2% |
| Accrued charges and deferred income | 492/3 | €328 | €803 | +€475 | +144.8% |
| Non-recurring operating income | 76A | - | €7,599 | +€7,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,030 | €6,761 | +€1,731 | +34.4% |
| Other operating charges | 640/8 | €976 | €888 | -€88 | -9.0% |
| Gross operating margin | 9900 | €423,821 | €294,275 | -€129,546 | -30.6% |
| Operating profit (loss) | 9901 | €417,814 | €286,626 | -€131,188 | -31.4% |
| Financial income | 75/76B | €180 | €350 | +€170 | +94.5% |
| Recurring financial income | 75 | €180 | €350 | +€170 | +94.5% |
| Financial charges | 65/66B | €539 | €749 | +€211 | +39.1% |
| Recurring financial charges | 65 | €539 | €749 | +€211 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €417,455 | €286,226 | -€131,229 | -31.4% |
| Income taxes | 67/77 | €109,350 | €72,153 | -€37,198 | -34.0% |
| Profit (loss) for the period | 9904 | €308,105 | €214,073 | -€94,031 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €308,105 | €214,073 | -€94,031 | -30.5% |
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.