VALIANT: 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.
VALIANT
Largest movements
- Cash -€85,090
down €85,090 (-99.2%), from €85,813 to €723
mainly Current investments (-€80,703) and Trade debts (-€22,174)
- Current investments +€80,703
new in 2024: €80,703
- Tangible fixed assets -€2,495
down €2,495 (-15.0%), from €16,666 to €14,171
of which Land and buildings: -€1,331
- Trade debts -€22,174
down €22,174 (-95.9%), from €23,127 to €953
- Other debts +€10,398
up €10,398 (+79.2%), from €13,131 to €23,529
- Profit (loss) carried forward +€3,074
up €3,074 (+5.2%), from €59,151 to €62,225
- Tax, wage and social debts +€2,348
up €2,348 (+69.9%), from €3,360 to €5,708
- Gross operating margin -€4,045
down €4,045 (-28.5%), from €14,192 to €10,147
- Depreciation +€1,195
up €1,195 (+91.9%), from €1,300 to €2,495
- Taxes -€796
down €796 (-25.3%), from €3,144 to €2,348
- Financial charges +€379
up €379 (+247.7%), from €153 to €532
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,451 | €109,097 | -€6,354 | -5.5% |
| Fixed assets | 21/28 | €16,666 | €14,171 | -€2,495 | -15.0% |
| Tangible fixed assets | 22/27 | €16,666 | €14,171 | -€2,495 | -15.0% |
| Land and buildings | 22 | €13,174 | €11,843 | -€1,331 | -10.1% |
| Furniture and vehicles | 24 | €3,492 | €2,328 | -€1,164 | -33.3% |
| Current assets | 29/58 | €98,785 | €94,926 | -€3,859 | -3.9% |
| Amounts receivable within one year | 40/41 | €12,972 | €13,500 | +€528 | +4.1% |
| Trade receivables | 40 | €5,070 | - | -€5,070 | |
| Other amounts receivable | 41 | €7,902 | €13,500 | +€5,598 | +70.8% |
| Current investments | 50/53 | - | €80,703 | +€80,703 | |
| Cash at bank and in hand | 54/58 | €85,813 | €723 | -€85,090 | -99.2% |
| Total equity and liabilities | 10/49 | €115,451 | €109,097 | -€6,354 | -5.5% |
| Equity | 10/15 | €75,833 | €78,907 | +€3,074 | +4.1% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €9,182 | €9,182 | = | 0.0% |
| Distributable reserves | 133 | €9,182 | €9,182 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,151 | €62,225 | +€3,074 | +5.2% |
| Amounts payable | 17/49 | €39,618 | €30,190 | -€9,428 | -23.8% |
| Amounts payable within one year | 42/48 | €39,618 | €30,190 | -€9,428 | -23.8% |
| Trade debts | 44 | €23,127 | €953 | -€22,174 | -95.9% |
| Suppliers | 440/4 | €23,127 | €953 | -€22,174 | -95.9% |
| Taxes, remuneration and social security | 45 | €3,360 | €5,708 | +€2,348 | +69.9% |
| Taxes | 450/3 | €3,360 | €5,708 | +€2,348 | +69.9% |
| Other amounts payable | 47/48 | €13,131 | €23,529 | +€10,398 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300 | €2,495 | +€1,195 | +91.9% |
| Other operating charges | 640/8 | €823 | €898 | +€75 | +9.1% |
| Gross operating margin | 9900 | €14,192 | €10,147 | -€4,045 | -28.5% |
| Operating profit (loss) | 9901 | €12,069 | €6,754 | -€5,315 | -44.0% |
| Financial charges | 65/66B | €153 | €532 | +€379 | +247.7% |
| Recurring financial charges | 65 | €153 | €532 | +€379 | +247.7% |
| Profit (loss) for the period before taxes | 9903 | €11,916 | €6,222 | -€5,694 | -47.8% |
| Income taxes | 67/77 | €3,144 | €2,348 | -€796 | -25.3% |
| Profit (loss) for the period | 9904 | €8,772 | €3,874 | -€4,898 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,772 | €3,874 | -€4,898 | -55.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.