VALEXIS: 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.
VALEXIS
Largest movements
- Intangible fixed assets -€13,750
down €13,750 (-17.6%), from €77,904 to €64,154
- Cash +€4,514
up €4,514 (+2326.9%), from €194 to €4,708
mainly Depreciation (+€14,189) and Tax, wage and social debts (+€4,278)
- Receivables within one year -€1,206
down €1,206 (-13.5%), from €8,924 to €7,718
- Debts after one year -€15,632
down €15,632 (-23.1%), from €67,649 to €52,017
- Trade debts -€5,557
down €5,557 (-70.5%), from €7,883 to €2,326
- Tax, wage and social debts +€4,278
up €4,278 (+89.6%), from €4,776 to €9,053
- Profit (loss) carried forward +€2,915
up €2,915 (+9.9%), from -€29,428 to -€26,514
- Other debts +€2,333
up €2,333 (+11.6%), from €20,111 to €22,445
- Gross operating margin -€5,485
down €5,485 (-18.2%), from €30,121 to €24,636
- Financial charges -€612
down €612 (-8.7%), from €7,026 to €6,414
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 | €87,839 | €76,959 | -€10,881 | -12.4% |
| Fixed assets | 21/28 | €78,722 | €64,533 | -€14,189 | -18.0% |
| Intangible fixed assets | 21 | €77,904 | €64,154 | -€13,750 | -17.6% |
| Tangible fixed assets | 22/27 | €817 | €378 | -€439 | -53.7% |
| Plant, machinery and equipment | 23 | €410 | €303 | -€107 | -26.2% |
| Furniture and vehicles | 24 | €407 | €75 | -€332 | -81.5% |
| Current assets | 29/58 | €9,118 | €12,426 | +€3,308 | +36.3% |
| Amounts receivable within one year | 40/41 | €8,924 | €7,718 | -€1,206 | -13.5% |
| Trade receivables | 40 | €8,924 | €7,718 | -€1,206 | -13.5% |
| Cash at bank and in hand | 54/58 | €194 | €4,708 | +€4,514 | +2326.9% |
| Total equity and liabilities | 10/49 | €87,839 | €76,959 | -€10,881 | -12.4% |
| Equity | 10/15 | -€27,428 | -€24,514 | +€2,915 | +10.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,428 | -€26,514 | +€2,915 | +9.9% |
| Amounts payable | 17/49 | €115,268 | €101,472 | -€13,795 | -12.0% |
| Amounts payable after more than one year | 17 | €67,649 | €52,017 | -€15,632 | -23.1% |
| Financial debts | 170/4 | €67,649 | €52,017 | -€15,632 | -23.1% |
| Amounts payable within one year | 42/48 | €47,619 | €49,455 | +€1,836 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €14,849 | €15,632 | +€783 | +5.3% |
| Trade debts | 44 | €7,883 | €2,326 | -€5,557 | -70.5% |
| Suppliers | 440/4 | €7,883 | €2,326 | -€5,557 | -70.5% |
| Taxes, remuneration and social security | 45 | €4,776 | €9,053 | +€4,278 | +89.6% |
| Taxes | 450/3 | €4,776 | €9,053 | +€4,278 | +89.6% |
| Other amounts payable | 47/48 | €20,111 | €22,445 | +€2,333 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,189 | €14,189 | +€0 | 0.0% |
| Other operating charges | 640/8 | €666 | €813 | +€147 | +22.0% |
| Gross operating margin | 9900 | €30,121 | €24,636 | -€5,485 | -18.2% |
| Operating profit (loss) | 9901 | €15,266 | €9,634 | -€5,632 | -36.9% |
| Financial income | 75/76B | €151 | - | -€151 | |
| Recurring financial income | 75 | €151 | - | -€151 | |
| Financial charges | 65/66B | €7,026 | €6,414 | -€612 | -8.7% |
| Recurring financial charges | 65 | €7,026 | €6,414 | -€612 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €8,391 | €3,220 | -€5,171 | -61.6% |
| Income taxes | 67/77 | €314 | €305 | -€9 | -2.8% |
| Profit (loss) for the period | 9904 | €8,077 | €2,915 | -€5,163 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,077 | €2,915 | -€5,163 | -63.9% |
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 5 October 2026 via checked.be.