VALEUR: 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.
VALEUR
Largest movements
- Receivables within one year +€18,352
up €18,352 (+138.1%), from €13,289 to €31,642
- Deferred charges and accrued income +€1,380
up €1,380 (+128.4%), from €1,074 to €2,454
- Tangible fixed assets -€1,076
down €1,076 (-5.0%), from €21,331 to €20,256
of which Furniture and vehicles: -€2,215
- Reserves +€18,000
up €18,000 (+125.3%), from €14,360 to €32,360
- Trade debts -€12,087
down €12,087 (-83.4%), from €14,494 to €2,407
- Other debts +€11,605
up €11,605 (+100.9%), from €11,501 to €23,106
- Depreciation +€1,973
up €1,973 (+57.9%), from €3,407 to €5,379
- Gross operating margin -€900
down €900 (-3.1%), from €28,673 to €27,773
- Taxes +€521
up €521 (+27.9%), from €1,864 to €2,384
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 | €71,283 | €89,095 | +€17,812 | +25.0% |
| Fixed assets | 21/28 | €21,331 | €20,256 | -€1,076 | -5.0% |
| Tangible fixed assets | 22/27 | €21,331 | €20,256 | -€1,076 | -5.0% |
| Land and buildings | 22 | €5,571 | €7,310 | +€1,739 | +31.2% |
| Plant, machinery and equipment | 23 | €3,692 | €3,092 | -€600 | -16.3% |
| Furniture and vehicles | 24 | €12,068 | €9,853 | -€2,215 | -18.4% |
| Current assets | 29/58 | €49,952 | €68,840 | +€18,888 | +37.8% |
| Amounts receivable within one year | 40/41 | €13,289 | €31,642 | +€18,352 | +138.1% |
| Trade receivables | 40 | €13,289 | €31,642 | +€18,352 | +138.1% |
| Cash at bank and in hand | 54/58 | €35,588 | €34,744 | -€844 | -2.4% |
| Deferred charges and accrued income | 490/1 | €1,074 | €2,454 | +€1,380 | +128.4% |
| Total equity and liabilities | 10/49 | €71,283 | €89,095 | +€17,812 | +25.0% |
| Equity | 10/15 | €38,417 | €56,759 | +€18,342 | +47.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,360 | €32,360 | +€18,000 | +125.3% |
| Distributable reserves | 133 | €14,360 | €32,360 | +€18,000 | +125.3% |
| Profit (loss) carried forward | 14 | €5,457 | €5,799 | +€342 | +6.3% |
| Amounts payable | 17/49 | €32,866 | €32,336 | -€530 | -1.6% |
| Amounts payable within one year | 42/48 | €32,632 | €32,336 | -€295 | -0.9% |
| Trade debts | 44 | €14,494 | €2,407 | -€12,087 | -83.4% |
| Suppliers | 440/4 | €14,494 | €2,407 | -€12,087 | -83.4% |
| Taxes, remuneration and social security | 45 | €6,636 | €6,824 | +€187 | +2.8% |
| Taxes | 450/3 | €6,636 | €6,824 | +€187 | +2.8% |
| Other amounts payable | 47/48 | €11,501 | €23,106 | +€11,605 | +100.9% |
| Accrued charges and deferred income | 492/3 | €234 | - | -€234 | |
| Non-recurring operating income | 76A | - | €248 | +€248 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,407 | €5,379 | +€1,973 | +57.9% |
| Other operating charges | 640/8 | €1,771 | €1,606 | -€165 | -9.3% |
| Non-recurring operating charges | 66A | €8,900 | - | -€8,900 | |
| Gross operating margin | 9900 | €28,673 | €27,773 | -€900 | -3.1% |
| Operating profit (loss) | 9901 | €14,596 | €20,788 | +€6,193 | +42.4% |
| Financial charges | 65/66B | €229 | €62 | -€166 | -72.7% |
| Recurring financial charges | 65 | €229 | €62 | -€166 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €14,367 | €20,726 | +€6,359 | +44.3% |
| Income taxes | 67/77 | €1,864 | €2,384 | +€521 | +27.9% |
| Profit (loss) for the period | 9904 | €12,503 | €18,342 | +€5,839 | +46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,503 | €18,342 | +€5,839 | +46.7% |
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.