VALGY: 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.
VALGY
Largest movements
- Tangible fixed assets -€42,609
down €42,609 (-6.9%), from €617,788 to €575,179
of which Land and buildings: -€33,870
- Other debts -€24,000
down €24,000 (-8.2%), from €293,707 to €269,707
- Profit (loss) carried forward -€15,866
down €15,866 (-40.9%), from -€38,765 to -€54,630
- Gross operating margin -€3,797
down €3,797 (-8.3%), from €45,485 to €41,688
- Depreciation +€579
up €579 (+1.3%), from €43,610 to €44,189
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 | €625,891 | €587,632 | -€38,258 | -6.1% |
| Fixed assets | 21/28 | €617,883 | €575,274 | -€42,609 | -6.9% |
| Tangible fixed assets | 22/27 | €617,788 | €575,179 | -€42,609 | -6.9% |
| Land and buildings | 22 | €404,437 | €370,567 | -€33,870 | -8.4% |
| Plant, machinery and equipment | 23 | €213,350 | €203,322 | -€10,029 | -4.7% |
| Furniture and vehicles | 24 | - | €1,290 | +€1,290 | |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €8,008 | €12,358 | +€4,350 | +54.3% |
| Amounts receivable within one year | 40/41 | €1,732 | €2,726 | +€993 | +57.4% |
| Other amounts receivable | 41 | €1,732 | €2,726 | +€993 | +57.4% |
| Cash at bank and in hand | 54/58 | €6,275 | €9,632 | +€3,357 | +53.5% |
| Total equity and liabilities | 10/49 | €625,891 | €587,632 | -€38,258 | -6.1% |
| Equity | 10/15 | €29,435 | €13,570 | -€15,866 | -53.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,765 | -€54,630 | -€15,866 | -40.9% |
| Amounts payable | 17/49 | €596,455 | €574,062 | -€22,393 | -3.8% |
| Amounts payable within one year | 42/48 | €596,455 | €574,062 | -€22,393 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €2,411 | €3,968 | +€1,557 | +64.6% |
| Suppliers | 440/4 | €2,411 | €3,968 | +€1,557 | +64.6% |
| Taxes, remuneration and social security | 45 | €337 | €387 | +€50 | +14.8% |
| Taxes | 450/3 | €337 | €387 | +€50 | +14.8% |
| Other amounts payable | 47/48 | €293,707 | €269,707 | -€24,000 | -8.2% |
| Non-recurring operating income | 76A | - | €1,767 | +€1,767 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,610 | €44,189 | +€579 | +1.3% |
| Other operating charges | 640/8 | €1,265 | €1,305 | +€40 | +3.2% |
| Gross operating margin | 9900 | €45,485 | €41,688 | -€3,797 | -8.3% |
| Operating profit (loss) | 9901 | €610 | -€3,806 | -€4,416 | |
| Financial charges | 65/66B | €12,060 | €12,060 | = | 0.0% |
| Recurring financial charges | 65 | €12,060 | €12,060 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,450 | -€15,866 | -€4,416 | -38.6% |
| Profit (loss) for the period | 9904 | -€11,450 | -€15,866 | -€4,416 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,450 | -€15,866 | -€4,416 | -38.6% |
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 6 October 2026 via checked.be.