VALGA Immo: 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.
VALGA Immo
Largest movements
- Cash -€501
down €501 (-82.5%), from €607 to €106
mainly Net result for the year (-€1,588)
- Formation expenses -€255
down €255 (-35.0%), from €727 to €472
- Receivables within one year -€245
down €245 (-79.0%), from €310 to €65
- Profit (loss) carried forward -€1,588
down €1,588 (-31.4%), from -€5,056 to -€6,644
- Other debts +€500
up €500 (+50.0%), from €1,000 to €1,500
- Trade debts +€87
up €87 (+12.5%), from €701 to €788
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Gross operating margin -€57
down €57 (-5.0%), from -€1,145 to -€1,202
- Financial charges +€14
up €14 (+11.9%), from €117 to €131
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 | €1,645 | €644 | -€1,001 | -60.8% |
| Formation expenses | 20 | €727 | €472 | -€255 | -35.0% |
| Current assets | 29/58 | €917 | €172 | -€746 | -81.3% |
| Amounts receivable within one year | 40/41 | €310 | €65 | -€245 | -79.0% |
| Other amounts receivable | 41 | €310 | €65 | -€245 | -79.0% |
| Cash at bank and in hand | 54/58 | €607 | €106 | -€501 | -82.5% |
| Total equity and liabilities | 10/49 | €1,645 | €644 | -€1,001 | -60.8% |
| Equity | 10/15 | -€56 | -€1,644 | -€1,588 | -2841.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,056 | -€6,644 | -€1,588 | -31.4% |
| Amounts payable | 17/49 | €1,701 | €2,288 | +€587 | +34.5% |
| Amounts payable within one year | 42/48 | €1,701 | €2,288 | +€587 | +34.5% |
| Trade debts | 44 | €701 | €788 | +€87 | +12.5% |
| Suppliers | 440/4 | €701 | €788 | +€87 | +12.5% |
| Other amounts payable | 47/48 | €1,000 | €1,500 | +€500 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €255 | -€0 | 0.0% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€1,145 | -€1,202 | -€57 | -5.0% |
| Operating profit (loss) | 9901 | -€1,787 | -€1,457 | +€331 | +18.5% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,905 | -€1,588 | +€317 | +16.6% |
| Profit (loss) for the period | 9904 | -€1,905 | -€1,588 | +€317 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,905 | -€1,588 | +€317 | +16.6% |
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 4 October 2026 via checked.be.