VALIDATECH: what changed
What changed
VALIDATECH
NACE 71.209, Other technical testing and analysis
filed annual accounts (NBB)
Net result for the year
€25,353
2024 · €35,915-€10,562
Equity
€311,336
2024 · €285,983+€25,353
Cash
€123,579
2024 · €116,543+€7,037
Balance sheet total
€566,241
2024 · €575,153-€8,912
Largest movements
Assets
- Tangible fixed assets -€13,029
down €13,029 (-3.0%), from €438,851 to €425,822
of which Land and buildings: -€21,157
- Cash +€7,037
up €7,037 (+6.0%), from €116,543 to €123,579
mainly Depreciation (+€45,290) and Net result for the year (+€25,353)
Equity and liabilities
- Debts after one year -€35,445
down €35,445 (-15.4%), from €229,697 to €194,252
- Reserves +€25,353
up €25,353 (+12.0%), from €210,541 to €235,893
- Accrued charges and deferred income +€7,000
new in 2025: €7,000
Income statement
- Gross operating margin -€7,795
down €7,795 (-7.7%), from €101,146 to €93,351
- Depreciation +€6,247
up €6,247 (+16.0%), from €39,043 to €45,290
- Taxes -€3,568
down €3,568 (-21.2%), from €16,829 to €13,260
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€35,915
Gross operating margin
-€7,795
Depreciation
-€6,247
Other operating charges
-€532
Financial charges
+€443
Taxes
+€3,568
Result 2025
€25,353
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€74,261
Investment
-€32,261
Financing
-€34,963
Cash 2024
€116,543
From operations (derived)
+€74,261
Net result for the year
+€25,353
Depreciation
+€45,290
Receivables within one year
+€2,449
Deferred charges and accrued income
+€471
Trade debts
-€1,133
Tax, wage and social debts
-€5,452
Other debts
+€283
Accrued charges and deferred income
+€7,000
Investment (derived)
-€32,261
Investment in fixed assets (net)
-€32,261
Financing
-€34,963
Debts after one year
-€35,445
Current portion of long-term debt
+€482
Cash 2025
€123,579
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €575,153 | €566,241 | -€8,912 | -1.5% |
| Fixed assets | 21/28 | €438,851 | €425,822 | -€13,029 | -3.0% |
| Tangible fixed assets | 22/27 | €438,851 | €425,822 | -€13,029 | -3.0% |
| Land and buildings | 22 | €345,270 | €324,112 | -€21,157 | -6.1% |
| Plant, machinery and equipment | 23 | €89,482 | €80,114 | -€9,368 | -10.5% |
| Furniture and vehicles | 24 | €4,100 | €21,596 | +€17,496 | +427% |
| Current assets | 29/58 | €136,302 | €140,419 | +€4,118 | +3.0% |
| Amounts receivable within one year | 40/41 | €18,146 | €15,698 | -€2,449 | -13.5% |
| Trade receivables | 40 | €8,596 | €9,739 | +€1,143 | +13.3% |
| Other amounts receivable | 41 | €9,550 | €5,959 | -€3,591 | -37.6% |
| Cash at bank and in hand | 54/58 | €116,543 | €123,579 | +€7,037 | +6.0% |
| Deferred charges and accrued income | 490/1 | €1,613 | €1,142 | -€471 | -29.2% |
| Total equity and liabilities | 10/49 | €575,153 | €566,241 | -€8,912 | -1.5% |
| Equity | 10/15 | €285,983 | €311,336 | +€25,353 | +8.9% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €210,541 | €235,893 | +€25,353 | +12.0% |
| Distributable reserves | 133 | €210,541 | €235,893 | +€25,353 | +12.0% |
| Profit (loss) carried forward | 14 | €68,442 | €68,442 | = | 0.0% |
| Amounts payable | 17/49 | €289,170 | €254,906 | -€34,264 | -11.8% |
| Amounts payable after more than one year | 17 | €229,697 | €194,252 | -€35,445 | -15.4% |
| Financial debts | 170/4 | €229,697 | €194,252 | -€35,445 | -15.4% |
| Amounts payable within one year | 42/48 | €59,473 | €53,654 | -€5,819 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €34,963 | €35,445 | +€482 | +1.4% |
| Trade debts | 44 | €7,905 | €6,772 | -€1,133 | -14.3% |
| Suppliers | 440/4 | €7,905 | €6,772 | -€1,133 | -14.3% |
| Taxes, remuneration and social security | 45 | €14,825 | €9,373 | -€5,452 | -36.8% |
| Taxes | 450/3 | €14,825 | €9,373 | -€5,452 | -36.8% |
| Other amounts payable | 47/48 | €1,780 | €2,064 | +€283 | +15.9% |
| Accrued charges and deferred income | 492/3 | - | €7,000 | +€7,000 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,043 | €45,290 | +€6,247 | +16.0% |
| Other operating charges | 640/8 | €5,214 | €5,745 | +€532 | +10.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €101,146 | €93,351 | -€7,795 | -7.7% |
| Operating profit (loss) | 9901 | €56,889 | €42,316 | -€14,574 | -25.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,146 | €3,703 | -€443 | -10.7% |
| Recurring financial charges | 65 | €4,146 | €3,703 | -€443 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €52,744 | €38,613 | -€14,131 | -26.8% |
| Income taxes | 67/77 | €16,829 | €13,260 | -€3,568 | -21.2% |
| Profit (loss) for the period | 9904 | €35,915 | €25,353 | -€10,562 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,915 | €25,353 | -€10,562 | -29.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.