VALÌA: 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.
VALÌA
Largest movements
- Cash -€566,862
down €566,862 (-85.0%), from €666,554 to €99,692
mainly Other debts (-€408,105) and Contributions, distributions and other (-€226,423)
- Other debts -€408,105
down €408,105 (-87.9%), from €464,287 to €56,182
- Tax, wage and social debts -€72,378
down €72,378 (-91.2%), from €79,341 to €6,963
- Accrued charges and deferred income -€53,887
down €53,887 (-33.5%), from €160,868 to €106,980
- Trade debts -€42,197
down €42,197 (-97.4%), from €43,327 to €1,130
- Gross operating margin +€67,254
up €67,254 (+29.5%), from €227,886 to €295,139
- Taxes +€16,815
up €16,815 (+31.9%), from €52,706 to €69,521
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 | €750,323 | €176,408 | -€573,915 | -76.5% |
| Fixed assets | 21/28 | €8,105 | €5,166 | -€2,939 | -36.3% |
| Tangible fixed assets | 22/27 | €8,105 | €5,166 | -€2,939 | -36.3% |
| Plant, machinery and equipment | 23 | €1,728 | €534 | -€1,194 | -69.1% |
| Furniture and vehicles | 24 | €4,576 | €3,091 | -€1,485 | -32.5% |
| Other tangible fixed assets | 26 | €1,801 | €1,541 | -€260 | -14.4% |
| Current assets | 29/58 | €742,218 | €171,242 | -€570,976 | -76.9% |
| Amounts receivable within one year | 40/41 | €75,664 | €71,551 | -€4,113 | -5.4% |
| Trade receivables | 40 | €60,536 | €53,019 | -€7,517 | -12.4% |
| Other amounts receivable | 41 | €15,128 | €18,532 | +€3,404 | +22.5% |
| Cash at bank and in hand | 54/58 | €666,554 | €99,692 | -€566,862 | -85.0% |
| Total equity and liabilities | 10/49 | €750,323 | €176,408 | -€573,915 | -76.5% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €747,823 | €173,908 | -€573,915 | -76.7% |
| Amounts payable within one year | 42/48 | €586,956 | €66,928 | -€520,028 | -88.6% |
| Trade debts | 44 | €43,327 | €1,130 | -€42,197 | -97.4% |
| Suppliers | 440/4 | €43,327 | €1,130 | -€42,197 | -97.4% |
| Advances received on contracts in progress | 46 | - | €2,652 | +€2,652 | |
| Taxes, remuneration and social security | 45 | €79,341 | €6,963 | -€72,378 | -91.2% |
| Taxes | 450/3 | €79,341 | €6,963 | -€72,378 | -91.2% |
| Other amounts payable | 47/48 | €464,287 | €56,182 | -€408,105 | -87.9% |
| Accrued charges and deferred income | 492/3 | €160,868 | €106,980 | -€53,887 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,939 | €2,939 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €227,886 | €295,139 | +€67,254 | +29.5% |
| Operating profit (loss) | 9901 | €224,559 | €291,800 | +€67,241 | +29.9% |
| Financial income | 75/76B | €4,247 | €4,559 | +€312 | +7.4% |
| Recurring financial income | 75 | €4,247 | €4,559 | +€312 | +7.4% |
| Financial charges | 65/66B | €220 | €415 | +€195 | +88.8% |
| Recurring financial charges | 65 | €220 | €415 | +€195 | +88.8% |
| Profit (loss) for the period before taxes | 9903 | €228,586 | €295,944 | +€67,358 | +29.5% |
| Income taxes | 67/77 | €52,706 | €69,521 | +€16,815 | +31.9% |
| Profit (loss) for the period | 9904 | €175,880 | €226,423 | +€50,543 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €175,880 | €226,423 | +€50,543 | +28.7% |
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 17 October 2026 via checked.be.