VALETRIBO: 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.
VALETRIBO
Largest movements
- Tangible fixed assets -€17,165
down €17,165 (-2.0%), from €862,914 to €845,749
- Cash -€12,996
down €12,996 (-60.4%), from €21,508 to €8,513
mainly Debts after one year (-€52,710) and Trade debts (-€29,128)
- Debts after one year -€52,710
down €52,710 (-7.2%), from €734,965 to €682,256
- Other debts +€48,887
new in 2025: €48,887
- Trade debts -€29,128
down €29,128 (-96.2%), from €30,279 to €1,152
- Profit (loss) carried forward -€9,887
down €9,887 (-100.0%), from €9,887 to €0
- Depreciation +€10,436
up €10,436 (+31.9%), from €32,716 to €43,151
- Gross operating margin +€9,049
up €9,049 (+12.4%), from €73,132 to €82,182
- Taxes +€3,258
new in 2025: €3,258
- Financial charges +€1,122
up €1,122 (+5.0%), from €22,335 to €23,457
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 | €884,423 | €854,262 | -€30,161 | -3.4% |
| Fixed assets | 21/28 | €862,914 | €845,749 | -€17,165 | -2.0% |
| Tangible fixed assets | 22/27 | €862,914 | €845,749 | -€17,165 | -2.0% |
| Land and buildings | 22 | €862,914 | €845,749 | -€17,165 | -2.0% |
| Current assets | 29/58 | €21,508 | €8,513 | -€12,996 | -60.4% |
| Cash at bank and in hand | 54/58 | €21,508 | €8,513 | -€12,996 | -60.4% |
| Total equity and liabilities | 10/49 | €884,423 | €854,262 | -€30,161 | -3.4% |
| Equity | 10/15 | €60,603 | €58,300 | -€2,304 | -3.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €716 | €8,300 | +€7,584 | +1059.1% |
| Non-distributable reserves | 130/1 | €716 | €716 | = | 0.0% |
| Reserves not available under the articles | 1311 | €716 | €716 | = | 0.0% |
| Distributable reserves | 133 | - | €7,584 | +€7,584 | |
| Profit (loss) carried forward | 14 | €9,887 | €0 | -€9,887 | -100.0% |
| Amounts payable | 17/49 | €823,819 | €795,963 | -€27,857 | -3.4% |
| Amounts payable after more than one year | 17 | €734,965 | €682,256 | -€52,710 | -7.2% |
| Financial debts | 170/4 | €734,965 | €682,256 | -€52,710 | -7.2% |
| Amounts payable within one year | 42/48 | €81,142 | €106,007 | +€24,865 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €50,863 | €52,710 | +€1,847 | +3.6% |
| Trade debts | 44 | €30,279 | €1,152 | -€29,128 | -96.2% |
| Suppliers | 440/4 | €30,279 | €1,152 | -€29,128 | -96.2% |
| Taxes, remuneration and social security | 45 | - | €3,258 | +€3,258 | |
| Taxes | 450/3 | - | €3,258 | +€3,258 | |
| Other amounts payable | 47/48 | - | €48,887 | +€48,887 | |
| Accrued charges and deferred income | 492/3 | €7,712 | €7,700 | -€12 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,716 | €43,151 | +€10,436 | +31.9% |
| Other operating charges | 640/8 | €4,975 | €4,732 | -€244 | -4.9% |
| Non-recurring operating charges | 66A | €226 | €0 | -€226 | -100.0% |
| Gross operating margin | 9900 | €73,132 | €82,182 | +€9,049 | +12.4% |
| Operating profit (loss) | 9901 | €35,216 | €34,299 | -€917 | -2.6% |
| Financial charges | 65/66B | €22,335 | €23,457 | +€1,122 | +5.0% |
| Recurring financial charges | 65 | €22,335 | €23,457 | +€1,122 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €12,881 | €10,842 | -€2,039 | -15.8% |
| Income taxes | 67/77 | - | €3,258 | +€3,258 | |
| Profit (loss) for the period | 9904 | €12,881 | €7,584 | -€5,297 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,881 | €7,584 | -€5,297 | -41.1% |
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 5 October 2026 via checked.be.