VALFRANC: 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.
VALFRANC
Largest movements
- Receivables within one year +€850
up €850 (+3.0%), from €28,694 to €29,544
of which Other amounts receivable: +€850
- Cash -€479
down €479 (-69.9%), from €686 to €207
mainly Receivables within one year (-€850)
- Profit (loss) carried forward +€311
up €311 (+7.4%), from €4,231 to €4,542
- Other operating charges -€441
down €441 (-50.5%), from €873 to €432
- Taxes +€234
up €234 (+618%), from €38 to €272
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 | €29,621 | €29,992 | +€371 | +1.3% |
| Fixed assets | 21/28 | €242 | €242 | = | 0.0% |
| Financial fixed assets | 28 | €242 | €242 | = | 0.0% |
| Current assets | 29/58 | €29,379 | €29,751 | +€371 | +1.3% |
| Amounts receivable within one year | 40/41 | €28,694 | €29,544 | +€850 | +3.0% |
| Trade receivables | 40 | €545 | €545 | = | 0.0% |
| Other amounts receivable | 41 | €28,149 | €28,999 | +€850 | +3.0% |
| Cash at bank and in hand | 54/58 | €686 | €207 | -€479 | -69.9% |
| Total equity and liabilities | 10/49 | €29,621 | €29,992 | +€371 | +1.3% |
| Equity | 10/15 | €29,371 | €29,682 | +€311 | +1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,549 | €6,549 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €4,689 | €4,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,231 | €4,542 | +€311 | +7.4% |
| Amounts payable | 17/49 | €250 | €310 | +€60 | +24.0% |
| Amounts payable within one year | 42/48 | €250 | €310 | +€60 | +24.0% |
| Taxes, remuneration and social security | 45 | €250 | €310 | +€60 | +24.0% |
| Taxes | 450/3 | €250 | €310 | +€60 | +24.0% |
| Other operating charges | 640/8 | €873 | €432 | -€441 | -50.5% |
| Gross operating margin | 9900 | €1,052 | €1,061 | +€9 | +0.8% |
| Operating profit (loss) | 9901 | €180 | €629 | +€450 | +250% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €134 | €583 | +€450 | +337% |
| Income taxes | 67/77 | €38 | €272 | +€234 | +618% |
| Profit (loss) for the period | 9904 | €96 | €311 | +€216 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €96 | €311 | +€216 | +225% |
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 21 October 2026 via checked.be.