VALEXAN: 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.
VALEXAN
Largest movements
- Receivables within one year +€7,178
up €7,178 (+1,034%), from €694 to €7,872
of which Trade receivables: +€7,872
- Cash -€1,410
down €1,410 (-13.5%), from €10,464 to €9,053
mainly Receivables within one year (-€7,178) and Net result for the year (-€111)
- Trade debts +€3,097
up €3,097 (+862%), from €359 to €3,456
- Other debts +€1,582
up €1,582 (+138%), from €1,149 to €2,731
- Tax, wage and social debts +€1,201
new in 2025: €1,201
- Gross operating margin +€10,223
up €10,223 (+99.7%), from -€10,255 to -€32
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 | €11,158 | €16,925 | +€5,768 | +51.7% |
| Current assets | 29/58 | €11,158 | €16,925 | +€5,768 | +51.7% |
| Amounts receivable within one year | 40/41 | €694 | €7,872 | +€7,178 | +1,034% |
| Trade receivables | 40 | - | €7,872 | +€7,872 | |
| Other amounts receivable | 41 | €694 | - | -€694 | |
| Cash at bank and in hand | 54/58 | €10,464 | €9,053 | -€1,410 | -13.5% |
| Total equity and liabilities | 10/49 | €11,158 | €16,925 | +€5,768 | +51.7% |
| Equity | 10/15 | €9,649 | €9,538 | -€111 | -1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,351 | -€10,462 | -€111 | -1.1% |
| Amounts payable | 17/49 | €1,508 | €7,387 | +€5,879 | +390% |
| Amounts payable within one year | 42/48 | €1,508 | €7,387 | +€5,879 | +390% |
| Trade debts | 44 | €359 | €3,456 | +€3,097 | +862% |
| Suppliers | 440/4 | €359 | €3,456 | +€3,097 | +862% |
| Taxes, remuneration and social security | 45 | - | €1,201 | +€1,201 | |
| Taxes | 450/3 | - | €1,201 | +€1,201 | |
| Other amounts payable | 47/48 | €1,149 | €2,731 | +€1,582 | +138% |
| Gross operating margin | 9900 | -€10,255 | -€32 | +€10,223 | +99.7% |
| Operating profit (loss) | 9901 | -€10,255 | -€32 | +€10,223 | +99.7% |
| Financial charges | 65/66B | €96 | €80 | -€16 | -17.1% |
| Recurring financial charges | 65 | €96 | €80 | -€16 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,351 | -€111 | +€10,239 | +98.9% |
| Profit (loss) for the period | 9904 | -€10,351 | -€111 | +€10,239 | +98.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,351 | -€111 | +€10,239 | +98.9% |
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 15 October 2026 via checked.be.