VALIDENT: 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.
VALIDENT
Largest movements
- Cash -€199,259
down €199,259 (-72.7%), from €274,147 to €74,888
mainly Other debts (-€178,688) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets -€9,913
down €9,913 (-25.0%), from €39,651 to €29,739
- Other debts -€178,688
down €178,688 (-78.9%), from €226,496 to €47,808
- Tax, wage and social debts -€37,833
down €37,833 (-87.8%), from €43,067 to €5,234
of which Taxes: -€38,589
- Reserves +€17,895
new in 2025: €17,895
- Debts after one year -€9,878
down €9,878 (-31.4%), from €31,464 to €21,586
- Gross operating margin -€20,248
down €20,248 (-17.1%), from €118,277 to €98,030
- Taxes -€6,626
down €6,626 (-26.7%), from €24,854 to €18,228
- Financial income -€4,091
no longer reported in 2025 (was €4,091)
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 | €314,497 | €106,430 | -€208,066 | -66.2% |
| Fixed assets | 21/28 | €39,651 | €29,739 | -€9,913 | -25.0% |
| Tangible fixed assets | 22/27 | €39,651 | €29,739 | -€9,913 | -25.0% |
| Furniture and vehicles | 24 | €39,651 | €29,739 | -€9,913 | -25.0% |
| Current assets | 29/58 | €274,845 | €76,692 | -€198,153 | -72.1% |
| Amounts receivable within one year | 40/41 | - | €1,071 | +€1,071 | |
| Trade receivables | 40 | - | €1,071 | +€1,071 | |
| Cash at bank and in hand | 54/58 | €274,147 | €74,888 | -€199,259 | -72.7% |
| Deferred charges and accrued income | 490/1 | €698 | €733 | +€35 | +5.0% |
| Total equity and liabilities | 10/49 | €314,497 | €106,430 | -€208,066 | -66.2% |
| Equity | 10/15 | €3,000 | €20,895 | +€17,895 | +596.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €17,895 | +€17,895 | |
| Distributable reserves | 133 | - | €17,895 | +€17,895 | |
| Amounts payable | 17/49 | €311,497 | €85,536 | -€225,961 | -72.5% |
| Amounts payable after more than one year | 17 | €31,464 | €21,586 | -€9,878 | -31.4% |
| Financial debts | 170/4 | €31,464 | €21,586 | -€9,878 | -31.4% |
| Amounts payable within one year | 42/48 | €280,032 | €63,950 | -€216,082 | -77.2% |
| Current portion of amounts payable after more than one year | 42 | €9,578 | €9,878 | +€301 | +3.1% |
| Trade debts | 44 | €892 | €1,029 | +€138 | +15.4% |
| Suppliers | 440/4 | €892 | €1,029 | +€138 | +15.4% |
| Taxes, remuneration and social security | 45 | €43,067 | €5,234 | -€37,833 | -87.8% |
| Taxes | 450/3 | €40,995 | €2,406 | -€38,589 | -94.1% |
| Remuneration and social security | 454/9 | €2,072 | €2,828 | +€756 | +36.5% |
| Other amounts payable | 47/48 | €226,496 | €47,808 | -€178,688 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,245 | €9,913 | -€332 | -3.2% |
| Other operating charges | 640/8 | €592 | €720 | +€128 | +21.6% |
| Gross operating margin | 9900 | €118,277 | €98,030 | -€20,248 | -17.1% |
| Operating profit (loss) | 9901 | €107,440 | €87,397 | -€20,043 | -18.7% |
| Financial income | 75/76B | €4,091 | - | -€4,091 | |
| Recurring financial income | 75 | €4,091 | - | -€4,091 | |
| Financial charges | 65/66B | €1,434 | €1,275 | -€159 | -11.1% |
| Recurring financial charges | 65 | €1,434 | €1,275 | -€159 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €110,098 | €86,122 | -€23,975 | -21.8% |
| Income taxes | 67/77 | €24,854 | €18,228 | -€6,626 | -26.7% |
| Profit (loss) for the period | 9904 | €85,244 | €67,895 | -€17,349 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,244 | €67,895 | -€17,349 | -20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.