VALEXION: 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.
VALEXION
Largest movements
- Current investments -€20,000
no longer reported in 2025 (was €20,000)
- Cash +€15,377
up €15,377 (+1658.3%), from €927 to €16,304
mainly Current investments (+€20,000) and Deferred charges and accrued income (+€1,278)
- Deferred charges and accrued income -€1,278
down €1,278 (-70.0%), from €1,824 to €547
- Receivables within one year -€1,116
down €1,116 (-15.3%), from €7,298 to €6,182
of which Trade receivables: -€1,687
- Tangible fixed assets -€773
down €773 (-61.0%), from €1,266 to €494
- Tax, wage and social debts -€6,934
down €6,934 (-98.6%), from €7,034 to €100
of which Remuneration and social security: -€5,152
- Profit (loss) carried forward -€1,091
down €1,091 (-35.2%), from €3,097 to €2,006
- Other debts +€833
up €833, from €0 to €833
- Trade debts -€597
down €597 (-82.3%), from €725 to €128
- Gross operating margin -€9,457
down €9,457 (-83.7%), from €11,303 to €1,847
- Depreciation -€2,662
down €2,662 (-69.7%), from €3,817 to €1,155
- Taxes -€1,740
down €1,740 (-92.4%), from €1,882 to €142
- Other operating charges -€1,177
down €1,177 (-57.2%), from €2,057 to €880
- Financial charges -€474
down €474 (-87.1%), from €545 to €70
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 | €31,316 | €23,527 | -€7,789 | -24.9% |
| Fixed assets | 21/28 | €1,266 | €494 | -€773 | -61.0% |
| Tangible fixed assets | 22/27 | €1,266 | €494 | -€773 | -61.0% |
| Furniture and vehicles | 24 | €1,266 | €494 | -€773 | -61.0% |
| Current assets | 29/58 | €30,049 | €23,033 | -€7,016 | -23.3% |
| Amounts receivable within one year | 40/41 | €7,298 | €6,182 | -€1,116 | -15.3% |
| Trade receivables | 40 | €5,062 | €3,375 | -€1,687 | -33.3% |
| Other amounts receivable | 41 | €2,236 | €2,807 | +€571 | +25.5% |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €927 | €16,304 | +€15,377 | +1658.3% |
| Deferred charges and accrued income | 490/1 | €1,824 | €547 | -€1,278 | -70.0% |
| Total equity and liabilities | 10/49 | €31,316 | €23,527 | -€7,789 | -24.9% |
| Equity | 10/15 | €23,557 | €22,466 | -€1,091 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,097 | €2,006 | -€1,091 | -35.2% |
| Amounts payable | 17/49 | €7,759 | €1,061 | -€6,698 | -86.3% |
| Amounts payable within one year | 42/48 | €7,759 | €1,061 | -€6,698 | -86.3% |
| Trade debts | 44 | €725 | €128 | -€597 | -82.3% |
| Suppliers | 440/4 | €725 | €128 | -€597 | -82.3% |
| Taxes, remuneration and social security | 45 | €7,034 | €100 | -€6,934 | -98.6% |
| Taxes | 450/3 | €1,882 | €100 | -€1,782 | -94.7% |
| Remuneration and social security | 454/9 | €5,152 | - | -€5,152 | |
| Other amounts payable | 47/48 | €0 | €833 | +€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,817 | €1,155 | -€2,662 | -69.7% |
| Other operating charges | 640/8 | €2,057 | €880 | -€1,177 | -57.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €11,303 | €1,847 | -€9,457 | -83.7% |
| Operating profit (loss) | 9901 | €5,429 | -€188 | -€5,617 | |
| Financial income | 75/76B | €95 | €143 | +€48 | +50.9% |
| Recurring financial income | 75 | €95 | €143 | +€48 | +50.9% |
| Financial charges | 65/66B | €545 | €70 | -€474 | -87.1% |
| Recurring financial charges | 65 | €545 | €70 | -€474 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €4,979 | -€115 | -€5,094 | |
| Income taxes | 67/77 | €1,882 | €142 | -€1,740 | -92.4% |
| Profit (loss) for the period | 9904 | €3,097 | -€258 | -€3,355 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,097 | -€258 | -€3,355 |
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.