VALEXIMMO: 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.
VALEXIMMO
Largest movements
- Tangible fixed assets +€44,265
up €44,265 (+15.8%), from €280,231 to €324,496
- Cash +€15,617
up €15,617 (+135.5%), from €11,526 to €27,143
mainly Other debts (+€45,794) and Depreciation (+€38,297)
- Other debts +€45,794
up €45,794 (+19.6%), from €234,079 to €279,873
- Profit (loss) carried forward +€10,347
up €10,347 (+8.6%), from €120,857 to €131,204
- Accrued charges and deferred income +€6,180
up €6,180 (+176.6%), from €3,500 to €9,680
- Gross operating margin +€50,925
up €50,925 (+371.0%), from €13,728 to €64,653
- Depreciation -€2,682
down €2,682 (-6.5%), from €40,979 to €38,297
- Other operating charges -€878
down €878 (-5.2%), from €16,980 to €16,102
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 | €455,349 | €519,090 | +€63,741 | +14.0% |
| Fixed assets | 21/28 | €439,483 | €483,748 | +€44,265 | +10.1% |
| Tangible fixed assets | 22/27 | €280,231 | €324,496 | +€44,265 | +15.8% |
| Land and buildings | 22 | €280,231 | €324,496 | +€44,265 | +15.8% |
| Financial fixed assets | 28 | €159,252 | €159,252 | = | 0.0% |
| Current assets | 29/58 | €15,866 | €35,342 | +€19,476 | +122.8% |
| Amounts receivable within one year | 40/41 | €1,990 | €2,098 | +€108 | +5.4% |
| Other amounts receivable | 41 | €1,990 | €2,098 | +€108 | +5.4% |
| Cash at bank and in hand | 54/58 | €11,526 | €27,143 | +€15,617 | +135.5% |
| Deferred charges and accrued income | 490/1 | €2,350 | €6,101 | +€3,751 | +159.6% |
| Total equity and liabilities | 10/49 | €455,349 | €519,090 | +€63,741 | +14.0% |
| Equity | 10/15 | €213,830 | €224,177 | +€10,347 | +4.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €12,973 | €12,973 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,973 | €12,973 | = | 0.0% |
| Legal reserve | 130 | €12,973 | €12,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,857 | €131,204 | +€10,347 | +8.6% |
| Amounts payable | 17/49 | €241,519 | €294,913 | +€53,394 | +22.1% |
| Amounts payable within one year | 42/48 | €238,019 | €285,233 | +€47,214 | +19.8% |
| Trade debts | 44 | €3,940 | €5,360 | +€1,420 | +36.0% |
| Suppliers | 440/4 | €3,940 | €5,360 | +€1,420 | +36.0% |
| Other amounts payable | 47/48 | €234,079 | €279,873 | +€45,794 | +19.6% |
| Accrued charges and deferred income | 492/3 | €3,500 | €9,680 | +€6,180 | +176.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,979 | €38,297 | -€2,682 | -6.5% |
| Other operating charges | 640/8 | €16,980 | €16,102 | -€878 | -5.2% |
| Gross operating margin | 9900 | €13,728 | €64,653 | +€50,925 | +371.0% |
| Operating profit (loss) | 9901 | -€44,231 | €10,254 | +€54,485 | |
| Financial income | 75/76B | €156 | €143 | -€13 | -8.3% |
| Recurring financial income | 75 | €156 | €143 | -€13 | -8.3% |
| Financial charges | 65/66B | €186 | €50 | -€136 | -73.1% |
| Recurring financial charges | 65 | €186 | €50 | -€136 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | -€44,261 | €10,347 | +€54,608 | |
| Income taxes | 67/77 | -€4 | - | +€4 | |
| Profit (loss) for the period | 9904 | -€44,257 | €10,347 | +€54,604 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,257 | €10,347 | +€54,604 |
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 29 September 2026 via checked.be.