Valhalla Capital Holding: what changed
What changed
Valhalla Capital Holding
NACE 82.100, Office administrative and support services
filed annual accounts (NBB)
Net result for the year
-€59,353
2022 · €10,077-€69,430
Equity
-€60,052
2022 · -€700-€59,353
Cash
€2,083
2022 · €2,928-€846
Balance sheet total
€772,531
2022 · €256,458+€516,073
Largest movements
Assets
- Receivables within one year +€500,025
up €500,025 (+232%), from €215,400 to €715,425
of which Other amounts receivable: +€478,342
- Stocks and contracts +€14,400
new in 2023: €14,400
Equity and liabilities
- Other debts +€547,297
up €547,297 (+214%), from €255,559 to €802,855
- Profit (loss) carried forward -€59,353
down €59,353 (-555%), from -€10,700 to -€70,052
- Trade debts +€27,944
up €27,944 (+1,964%), from €1,423 to €29,366
Income statement
- Gross operating margin -€43,602
down €43,602, from €6,755 to -€36,847
- Financial charges +€1,615
up €1,615 (+118%), from €1,373 to €2,989
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2022
€10,077
Gross operating margin
-€43,602
Depreciation
-€322
Other operating charges
-€67
Other operating items
-€23,472
Financial income
-€156
Financial charges
-€1,615
Taxes
-€195
Result 2023
-€59,353
lowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2,083
Investment
-€2,928
Financing
€0
Cash 2022
€2,928
From operations (derived)
+€2,083
Net result for the year
-€59,353
Depreciation
+€322
Stocks and contracts
-€14,400
Receivables within one year
-€500,025
Smaller working-capital items
+€298
Trade debts
+€27,944
Other debts
+€547,297
Investment (derived)
-€2,928
Investment in fixed assets (net)
-€2,928
Cash 2023
€2,083
brings cash intakes cash out
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,458 | €772,531 | +€516,073 | +201% |
| Fixed assets | 21/28 | €36,228 | €38,834 | +€2,606 | +7.2% |
| Tangible fixed assets | 22/27 | - | €2,606 | +€2,606 | |
| Furniture and vehicles | 24 | - | €2,606 | +€2,606 | |
| Financial fixed assets | 28 | €36,228 | €36,228 | = | 0.0% |
| Current assets | 29/58 | €220,229 | €733,697 | +€513,468 | +233% |
| Stocks and contracts in progress | 3 | - | €14,400 | +€14,400 | |
| Stocks | 30/36 | - | €14,400 | +€14,400 | |
| Amounts receivable within one year | 40/41 | €215,400 | €715,425 | +€500,025 | +232% |
| Trade receivables | 40 | €3,750 | €25,433 | +€21,683 | +578% |
| Other amounts receivable | 41 | €211,650 | €689,992 | +€478,342 | +226% |
| Cash at bank and in hand | 54/58 | €2,928 | €2,083 | -€846 | -28.9% |
| Deferred charges and accrued income | 490/1 | €1,901 | €1,790 | -€112 | -5.9% |
| Total equity and liabilities | 10/49 | €256,458 | €772,531 | +€516,073 | +201% |
| Equity | 10/15 | -€700 | -€60,052 | -€59,353 | -8,484% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,700 | -€70,052 | -€59,353 | -555% |
| Amounts payable | 17/49 | €257,157 | €832,583 | +€575,426 | +224% |
| Amounts payable within one year | 42/48 | €257,065 | €832,583 | +€575,519 | +224% |
| Trade debts | 44 | €1,423 | €29,366 | +€27,944 | +1,964% |
| Suppliers | 440/4 | €1,423 | €29,366 | +€27,944 | +1,964% |
| Taxes, remuneration and social security | 45 | €84 | €362 | +€278 | +333% |
| Taxes | 450/3 | €84 | €362 | +€278 | +333% |
| Other amounts payable | 47/48 | €255,559 | €802,855 | +€547,297 | +214% |
| Accrued charges and deferred income | 492/3 | €92 | - | -€92 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €322 | +€322 | |
| Other operating charges | 640/8 | €92 | €160 | +€67 | +72.6% |
| Non-recurring operating charges | 66A | - | €23,472 | +€23,472 | |
| Gross operating margin | 9900 | €6,755 | -€36,847 | -€43,602 | |
| Operating profit (loss) | 9901 | €6,663 | -€60,801 | -€67,463 | |
| Financial income | 75/76B | €4,871 | €4,715 | -€156 | -3.2% |
| Recurring financial income | 75 | €4,871 | €4,715 | -€156 | -3.2% |
| Financial charges | 65/66B | €1,373 | €2,989 | +€1,615 | +118% |
| Recurring financial charges | 65 | €1,373 | €2,989 | +€1,615 | +118% |
| Profit (loss) for the period before taxes | 9903 | €10,161 | -€59,074 | -€69,235 | |
| Income taxes | 67/77 | €84 | €278 | +€195 | +233% |
| Profit (loss) for the period | 9904 | €10,077 | -€59,353 | -€69,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,077 | -€59,353 | -€69,430 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.