Valex Go: 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.
Valex Go
Largest movements
- Receivables within one year -€2,629
down €2,629 (-11.1%), from €23,632 to €21,003
- Tangible fixed assets -€1,015
down €1,015 (-58.3%), from €1,741 to €726
- Cash -€310
down €310 (-17.6%), from €1,755 to €1,445
mainly Net result for the year (-€8,213)
- Equity -€8,213
down €8,213 (-62.3%), from €13,179 to €4,966
of which Profit (loss) carried forward: -€8,213
- Debts within one year +€4,259
up €4,259 (+30.2%), from €14,088 to €18,347
of which Other debts: +€14,048
- Gross operating margin -€7,638
down €7,638, from €3,145 to -€4,493
- Staff costs +€1,494
new in 2021: €1,494
- Other operating charges +€1,176
new in 2021: €1,176
- Depreciation -€477
down €477 (-32.0%), from €1,492 to €1,015
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,267 | €23,313 | -€3,954 | -14.5% |
| Fixed assets | 21/28 | €1,880 | €865 | -€1,015 | -54.0% |
| Tangible fixed assets | 22/27 | €1,741 | €726 | -€1,015 | -58.3% |
| Furniture and vehicles | 24 | - | €726 | +€726 | |
| Financial fixed assets | 28 | €139 | €139 | = | 0.0% |
| Current assets | 29/58 | €25,387 | €22,448 | -€2,939 | -11.6% |
| Amounts receivable within one year | 40/41 | €23,632 | €21,003 | -€2,629 | -11.1% |
| Trade receivables | 40 | - | €18,675 | +€18,675 | |
| Other amounts receivable | 41 | - | €2,327 | +€2,327 | |
| Cash at bank and in hand | 54/58 | €1,755 | €1,445 | -€310 | -17.6% |
| Total equity and liabilities | 10/49 | €27,267 | €23,313 | -€3,954 | -14.5% |
| Equity | 10/15 | €13,179 | €4,966 | -€8,213 | -62.3% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €5,119 | -€3,094 | -€8,213 | |
| Amounts payable | 17/49 | €14,088 | €18,347 | +€4,259 | +30.2% |
| Amounts payable within one year | 42/48 | €14,088 | €18,347 | +€4,259 | +30.2% |
| Trade debts | 44 | €6,683 | €4,299 | -€2,385 | -35.7% |
| Suppliers | 440/4 | - | €4,299 | +€4,299 | |
| Other amounts payable | 47/48 | - | €14,048 | +€14,048 | |
| Remuneration, social security and pensions | 62 | - | €1,494 | +€1,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €1,015 | -€477 | -32.0% |
| Other operating charges | 640/8 | - | €1,176 | +€1,176 | |
| Gross operating margin | 9900 | €3,145 | -€4,493 | -€7,638 | |
| Operating profit (loss) | 9901 | -€1,865 | -€8,178 | -€6,313 | -339% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €35 | +€35 | |
| Recurring financial charges | 65 | €54 | €35 | -€18 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,919 | -€8,213 | -€6,295 | -328% |
| Profit (loss) for the period | 9904 | -€1,919 | -€8,213 | -€6,295 | -328% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,919 | -€8,213 | -€6,295 | -328% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.