VALIE: 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.
VALIE
Largest movements
- Cash +€4,222
up €4,222 (+68.6%), from €6,154 to €10,377
mainly Net result for the year (+€8,628) and Other debts (+€4,678)
- Debts after one year -€8,819
down €8,819 (-35.0%), from €25,218 to €16,399
- Reserves +€8,628
up €8,628 (+9.0%), from €96,121 to €104,749
of which Distributable reserves: +€8,628
- Other debts +€4,678
up €4,678 (+15.4%), from €30,301 to €34,978
- Gross operating margin +€1,247
up €1,247 (+8.2%), from €15,232 to €16,479
- Taxes +€388
up €388 (+8.6%), from €4,486 to €4,874
- Other operating charges +€176
up €176 (+45.7%), from €386 to €562
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 | €168,217 | €172,825 | +€4,607 | +2.7% |
| Fixed assets | 21/28 | €161,236 | €160,957 | -€279 | -0.2% |
| Tangible fixed assets | 22/27 | €279 | €0 | -€279 | -100.0% |
| Furniture and vehicles | 24 | €279 | €0 | -€279 | -100.0% |
| Financial fixed assets | 28 | €160,957 | €160,957 | = | 0.0% |
| Current assets | 29/58 | €6,982 | €11,868 | +€4,886 | +70.0% |
| Amounts receivable within one year | 40/41 | €828 | €1,491 | +€664 | +80.2% |
| Trade receivables | 40 | €164 | €0 | -€164 | -100.0% |
| Other amounts receivable | 41 | €664 | €1,491 | +€828 | +124.6% |
| Cash at bank and in hand | 54/58 | €6,154 | €10,377 | +€4,222 | +68.6% |
| Total equity and liabilities | 10/49 | €168,217 | €172,825 | +€4,607 | +2.7% |
| Equity | 10/15 | €102,321 | €110,949 | +€8,628 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,121 | €104,749 | +€8,628 | +9.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €96,121 | €104,749 | +€8,628 | +9.0% |
| Amounts payable | 17/49 | €65,897 | €61,876 | -€4,021 | -6.1% |
| Amounts payable after more than one year | 17 | €25,218 | €16,399 | -€8,819 | -35.0% |
| Financial debts | 170/4 | €25,218 | €16,399 | -€8,819 | -35.0% |
| Amounts payable within one year | 42/48 | €40,485 | €45,277 | +€4,792 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €8,440 | €8,819 | +€380 | +4.5% |
| Trade debts | 44 | €325 | €170 | -€155 | -47.7% |
| Suppliers | 440/4 | €325 | €170 | -€155 | -47.7% |
| Taxes, remuneration and social security | 45 | €1,419 | €1,310 | -€110 | -7.7% |
| Taxes | 450/3 | €1,419 | €1,310 | -€110 | -7.7% |
| Other amounts payable | 47/48 | €30,301 | €34,978 | +€4,678 | +15.4% |
| Accrued charges and deferred income | 492/3 | €194 | €200 | +€6 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €279 | -€105 | -27.4% |
| Other operating charges | 640/8 | €386 | €562 | +€176 | +45.7% |
| Gross operating margin | 9900 | €15,232 | €16,479 | +€1,247 | +8.2% |
| Operating profit (loss) | 9901 | €14,462 | €15,638 | +€1,176 | +8.1% |
| Financial income | 75/76B | €89 | €118 | +€29 | +32.2% |
| Recurring financial income | 75 | €89 | €118 | +€29 | +32.2% |
| Financial charges | 65/66B | €2,178 | €2,254 | +€76 | +3.5% |
| Recurring financial charges | 65 | €2,178 | €2,254 | +€76 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €12,374 | €13,502 | +€1,128 | +9.1% |
| Income taxes | 67/77 | €4,486 | €4,874 | +€388 | +8.6% |
| Profit (loss) for the period | 9904 | €7,888 | €8,628 | +€740 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,888 | €8,628 | +€740 | +9.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.