ValiD: 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.
ValiD
Largest movements
- Cash +€45,777
up €45,777 (+222.3%), from €20,596 to €66,373
mainly Net result for the year (+€63,763) and Tax, wage and social debts (+€6,363)
- Current investments +€6,000
up €6,000 (+25.1%), from €23,946 to €29,946
- Receivables after one year +€4,500
new in 2026: €4,500
- Receivables within one year +€1,852
up €1,852 (+25.0%), from €7,407 to €9,259
- Tangible fixed assets +€1,780
new in 2026: €1,780
- Reserves +€63,763
up €63,763 (+211.8%), from €30,109 to €93,873
- Accrued charges and deferred income -€7,700
no longer reported in 2026 (was €7,700)
- Tax, wage and social debts +€6,363
up €6,363 (+58.4%), from €10,898 to €17,261
- Gross operating margin +€41,940
up €41,940 (+100.3%), from €41,798 to €83,738
- Taxes +€6,385
up €6,385 (+58.6%), from €10,898 to €17,284
- Other operating charges +€1,316
up €1,316 (+168.8%), from €779 to €2,095
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,949 | €113,041 | +€61,091 | +117.6% |
| Fixed assets | 21/28 | - | €1,780 | +€1,780 | |
| Tangible fixed assets | 22/27 | - | €1,780 | +€1,780 | |
| Plant, machinery and equipment | 23 | - | €1,780 | +€1,780 | |
| Current assets | 29/58 | €51,949 | €111,261 | +€59,311 | +114.2% |
| Amounts receivable after more than one year | 29 | - | €4,500 | +€4,500 | |
| Other amounts receivable | 291 | - | €4,500 | +€4,500 | |
| Amounts receivable within one year | 40/41 | €7,407 | €9,259 | +€1,852 | +25.0% |
| Trade receivables | 40 | €7,407 | €9,259 | +€1,852 | +25.0% |
| Current investments | 50/53 | €23,946 | €29,946 | +€6,000 | +25.1% |
| Cash at bank and in hand | 54/58 | €20,596 | €66,373 | +€45,777 | +222.3% |
| Deferred charges and accrued income | 490/1 | - | €1,183 | +€1,183 | |
| Total equity and liabilities | 10/49 | €51,949 | €113,041 | +€61,091 | +117.6% |
| Equity | 10/15 | €31,109 | €94,873 | +€63,763 | +205.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €30,109 | €93,873 | +€63,763 | +211.8% |
| Distributable reserves | 133 | €30,109 | €93,873 | +€63,763 | +211.8% |
| Amounts payable | 17/49 | €20,840 | €18,168 | -€2,672 | -12.8% |
| Amounts payable within one year | 42/48 | €13,140 | €18,168 | +€5,028 | +38.3% |
| Trade debts | 44 | €577 | €130 | -€447 | -77.5% |
| Suppliers | 440/4 | €577 | €130 | -€447 | -77.5% |
| Taxes, remuneration and social security | 45 | €10,898 | €17,261 | +€6,363 | +58.4% |
| Taxes | 450/3 | €10,898 | €17,261 | +€6,363 | +58.4% |
| Other amounts payable | 47/48 | €1,665 | €777 | -€888 | -53.3% |
| Accrued charges and deferred income | 492/3 | €7,700 | - | -€7,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €529 | +€529 | |
| Other operating charges | 640/8 | €779 | €2,095 | +€1,316 | +168.8% |
| Gross operating margin | 9900 | €41,798 | €83,738 | +€41,940 | +100.3% |
| Operating profit (loss) | 9901 | €41,019 | €81,114 | +€40,095 | +97.7% |
| Financial income | 75/76B | - | €632 | +€632 | |
| Recurring financial income | 75 | - | €632 | +€632 | |
| Financial charges | 65/66B | €11 | €699 | +€688 | +6113.7% |
| Recurring financial charges | 65 | €11 | €699 | +€688 | +6113.7% |
| Profit (loss) for the period before taxes | 9903 | €41,008 | €81,047 | +€40,039 | +97.6% |
| Income taxes | 67/77 | €10,898 | €17,284 | +€6,385 | +58.6% |
| Profit (loss) for the period | 9904 | €30,109 | €63,763 | +€33,654 | +111.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,109 | €63,763 | +€33,654 | +111.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.