VALI-GES: 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.
VALI-GES
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€15
down €15 (-3.2%), from -€472 to -€487
- Purchases and services +€15
up €15 (+3.2%), from €472 to €487
- Financial charges -€7
down €7 (-23.2%), from €31 to €24
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 | €250,017 | €250,021 | +€3 | 0.0% |
| Fixed assets | 21/28 | €250,000 | €250,000 | = | 0.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €17 | €21 | +€3 | +20.3% |
| Cash at bank and in hand | 54/58 | €17 | €21 | +€3 | +20.3% |
| Total equity and liabilities | 10/49 | €250,017 | €250,021 | +€3 | 0.0% |
| Equity | 10/15 | €35,380 | €34,869 | -€511 | -1.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €9,000 | -€1,000 | -10.0% |
| Distributable reserves | 133 | €10,000 | €9,000 | -€1,000 | -10.0% |
| Profit (loss) carried forward | 14 | €380 | €869 | +€489 | +128.5% |
| Amounts payable | 17/49 | €214,637 | €215,152 | +€515 | +0.2% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €174,637 | €175,152 | +€515 | +0.3% |
| Taxes, remuneration and social security | 45 | €265 | - | -€265 | |
| Taxes | 450/3 | €265 | - | -€265 | |
| Other amounts payable | 47/48 | €174,372 | €175,152 | +€780 | +0.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €472 | €487 | +€15 | +3.2% |
| Gross operating margin | 9900 | -€472 | -€487 | -€15 | -3.2% |
| Operating profit (loss) | 9901 | -€472 | -€487 | -€15 | -3.2% |
| Financial charges | 65/66B | €31 | €24 | -€7 | -23.2% |
| Recurring financial charges | 65 | €31 | €24 | -€7 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | -€504 | -€511 | -€8 | -1.5% |
| Profit (loss) for the period | 9904 | -€504 | -€511 | -€8 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€504 | -€511 | -€8 | -1.5% |
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 10 October 2026 via checked.be.