Validé: 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.
Validé
Largest movements
- Receivables within one year +€27,896
up €27,896 (+94.4%), from €29,557 to €57,453
of which Trade receivables: +€14,562
- Cash -€18,244
down €18,244 (-27.1%), from €67,280 to €49,036
mainly Receivables within one year (-€27,896) and Tax, wage and social debts (-€2,338)
- Tangible fixed assets -€8,021
down €8,021 (-52.4%), from €15,315 to €7,294
of which Plant, machinery and equipment: -€5,521
- Profit (loss) carried forward +€4,219
up €4,219 (+5.3%), from €79,375 to €83,594
- Tax, wage and social debts -€2,338
down €2,338 (-10.3%), from €22,776 to €20,438
- Gross operating margin -€101,341
down €101,341 (-88.1%), from €115,070 to €13,729
- Taxes -€22,185
down €22,185 (-94.6%), from €23,456 to €1,271
- Other operating charges -€3,640
down €3,640 (-97.7%), from €3,725 to €85
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 | €112,151 | €114,033 | +€1,881 | +1.7% |
| Fixed assets | 21/28 | €15,315 | €7,294 | -€8,021 | -52.4% |
| Tangible fixed assets | 22/27 | €15,315 | €7,294 | -€8,021 | -52.4% |
| Plant, machinery and equipment | 23 | €10,089 | €4,568 | -€5,521 | -54.7% |
| Furniture and vehicles | 24 | €5,226 | €2,726 | -€2,500 | -47.8% |
| Current assets | 29/58 | €96,836 | €106,739 | +€9,902 | +10.2% |
| Stocks and contracts in progress | 3 | - | €250 | +€250 | |
| Stocks | 30/36 | - | €250 | +€250 | |
| Amounts receivable within one year | 40/41 | €29,557 | €57,453 | +€27,896 | +94.4% |
| Trade receivables | 40 | €29,545 | €44,107 | +€14,562 | +49.3% |
| Other amounts receivable | 41 | €12 | €13,346 | +€13,335 | +114,166% |
| Cash at bank and in hand | 54/58 | €67,280 | €49,036 | -€18,244 | -27.1% |
| Total equity and liabilities | 10/49 | €112,151 | €114,033 | +€1,881 | +1.7% |
| Equity | 10/15 | €89,375 | €93,594 | +€4,219 | +4.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,375 | €83,594 | +€4,219 | +5.3% |
| Amounts payable | 17/49 | €22,776 | €20,438 | -€2,338 | -10.3% |
| Amounts payable within one year | 42/48 | €22,776 | €20,438 | -€2,338 | -10.3% |
| Taxes, remuneration and social security | 45 | €22,776 | €20,438 | -€2,338 | -10.3% |
| Taxes | 450/3 | €22,776 | €20,438 | -€2,338 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,512 | €8,021 | -€491 | -5.8% |
| Other operating charges | 640/8 | €3,725 | €85 | -€3,640 | -97.7% |
| Gross operating margin | 9900 | €115,070 | €13,729 | -€101,341 | -88.1% |
| Operating profit (loss) | 9901 | €102,833 | €5,622 | -€97,211 | -94.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €4 | €133 | +€129 | +3,067% |
| Recurring financial charges | 65 | €4 | €133 | +€129 | +3,067% |
| Profit (loss) for the period before taxes | 9903 | €102,831 | €5,490 | -€97,341 | -94.7% |
| Income taxes | 67/77 | €23,456 | €1,271 | -€22,185 | -94.6% |
| Profit (loss) for the period | 9904 | €79,375 | €4,219 | -€75,156 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,375 | €4,219 | -€75,156 | -94.7% |
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 22 October 2026 via checked.be.