VALIAN: 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.
VALIAN
Largest movements
- Stocks and contracts -€228,296
down €228,296 (-87.7%), from €260,283 to €31,987
- Cash +€5,810
up €5,810 (+1597.9%), from €364 to €6,173
mainly Other debts (+€332,133) and Stocks and contracts (+€228,296)
- Deferred charges and accrued income -€4,598
down €4,598 (-58.7%), from €7,830 to €3,233
- Receivables within one year +€4,193
up €4,193 (+128.1%), from €3,275 to €7,468
of which Trade receivables: +€4,457
- Tangible fixed assets -€3,174
down €3,174 (-9.2%), from €34,336 to €31,162
of which Land and buildings: -€7,194
- Debts after one year -€600,000
down €600,000 (-100.0%), from €600,000 to €0
- Other debts +€332,133
up €332,133 (+369.2%), from €89,966 to €422,099
- Profit (loss) carried forward +€67,788
up €67,788 (+11.0%), from -€615,191 to -€547,403
- Tax, wage and social debts -€17,556
down €17,556 (-79.3%), from €22,138 to €4,582
of which Taxes: -€20,556
- Trade debts -€8,430
down €8,430 (-71.2%), from €11,837 to €3,407
- Gross operating margin +€97,162
up €97,162, from -€7,032 to €90,131
- Financial charges -€15,252
down €15,252 (-64.5%), from €23,653 to €8,401
- Financial income -€2,744
down €2,744 (-68.5%), from €4,005 to €1,260
- Depreciation -€1,373
down €1,373 (-9.2%), from €14,859 to €13,486
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 | €306,088 | €80,023 | -€226,065 | -73.9% |
| Fixed assets | 21/28 | €34,336 | €31,162 | -€3,174 | -9.2% |
| Tangible fixed assets | 22/27 | €34,336 | €31,162 | -€3,174 | -9.2% |
| Land and buildings | 22 | €21,488 | €14,294 | -€7,194 | -33.5% |
| Plant, machinery and equipment | 23 | €11,069 | €15,172 | +€4,102 | +37.1% |
| Furniture and vehicles | 24 | €1,779 | €1,695 | -€83 | -4.7% |
| Current assets | 29/58 | €271,752 | €48,861 | -€222,890 | -82.0% |
| Stocks and contracts in progress | 3 | €260,283 | €31,987 | -€228,296 | -87.7% |
| Stocks | 30/36 | €260,283 | €31,987 | -€228,296 | -87.7% |
| Amounts receivable within one year | 40/41 | €3,275 | €7,468 | +€4,193 | +128.1% |
| Trade receivables | 40 | €2,900 | €7,357 | +€4,457 | +153.7% |
| Other amounts receivable | 41 | €375 | €111 | -€263 | -70.3% |
| Cash at bank and in hand | 54/58 | €364 | €6,173 | +€5,810 | +1597.9% |
| Deferred charges and accrued income | 490/1 | €7,830 | €3,233 | -€4,598 | -58.7% |
| Total equity and liabilities | 10/49 | €306,088 | €80,023 | -€226,065 | -73.9% |
| Equity | 10/15 | -€417,853 | -€350,065 | +€67,788 | +16.2% |
| 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% |
| Revaluation surpluses | 12 | €135,338 | €135,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€615,191 | -€547,403 | +€67,788 | +11.0% |
| Amounts payable | 17/49 | €723,941 | €430,088 | -€293,853 | -40.6% |
| Amounts payable after more than one year | 17 | €600,000 | €0 | -€600,000 | -100.0% |
| Other amounts payable | 178/9 | €600,000 | €0 | -€600,000 | -100.0% |
| Amounts payable within one year | 42/48 | €123,941 | €430,088 | +€306,147 | +247.0% |
| Trade debts | 44 | €11,837 | €3,407 | -€8,430 | -71.2% |
| Suppliers | 440/4 | €11,837 | €3,407 | -€8,430 | -71.2% |
| Taxes, remuneration and social security | 45 | €22,138 | €4,582 | -€17,556 | -79.3% |
| Taxes | 450/3 | €22,138 | €1,582 | -€20,556 | -92.9% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €89,966 | €422,099 | +€332,133 | +369.2% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | - | €73 | +€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,859 | €13,486 | -€1,373 | -9.2% |
| Other operating charges | 640/8 | €1,291 | €1,270 | -€20 | -1.6% |
| Gross operating margin | 9900 | -€7,032 | €90,131 | +€97,162 | |
| Operating profit (loss) | 9901 | -€23,182 | €75,301 | +€98,483 | |
| Financial income | 75/76B | €4,005 | €1,260 | -€2,744 | -68.5% |
| Recurring financial income | 75 | €4,005 | €1,260 | -€2,744 | -68.5% |
| Financial charges | 65/66B | €23,653 | €8,401 | -€15,252 | -64.5% |
| Recurring financial charges | 65 | €23,653 | €8,401 | -€15,252 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,830 | €68,161 | +€110,991 | |
| Income taxes | 67/77 | €281 | €373 | +€91 | +32.5% |
| Profit (loss) for the period | 9904 | -€43,111 | €67,788 | +€110,899 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,111 | €67,788 | +€110,899 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.