VALIER: 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.
VALIER
Largest movements
- Receivables within one year +€17,568
up €17,568 (+57.4%), from €30,597 to €48,165
of which Other amounts receivable: +€9,483
- Cash -€16,379
down €16,379 (-88.9%), from €18,415 to €2,036
mainly Receivables within one year (-€17,568) and Investment in fixed assets (net) (-€7,713)
- Tangible fixed assets +€6,752
up €6,752 (+383.3%), from €1,762 to €8,514
- Reserves +€9,851
up €9,851 (+21.5%), from €45,722 to €55,573
of which Distributable reserves: +€9,851
- Trade debts -€1,838
down €1,838 (-11.0%), from €16,679 to €14,841
- Gross operating margin -€8,714
down €8,714 (-29.6%), from €29,485 to €20,771
- Financial income +€854
up €854 (+66.7%), from €1,281 to €2,135
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 | €60,793 | €68,964 | +€8,171 | +13.4% |
| Fixed assets | 21/28 | €1,762 | €8,514 | +€6,752 | +383.3% |
| Tangible fixed assets | 22/27 | €1,762 | €8,514 | +€6,752 | +383.3% |
| Furniture and vehicles | 24 | €1,762 | €8,514 | +€6,752 | +383.3% |
| Current assets | 29/58 | €59,031 | €60,450 | +€1,419 | +2.4% |
| Stocks and contracts in progress | 3 | €10,019 | €10,249 | +€231 | +2.3% |
| Stocks | 30/36 | €10,019 | €10,249 | +€231 | +2.3% |
| Amounts receivable within one year | 40/41 | €30,597 | €48,165 | +€17,568 | +57.4% |
| Trade receivables | 40 | - | €8,085 | +€8,085 | |
| Other amounts receivable | 41 | €30,597 | €40,080 | +€9,483 | +31.0% |
| Cash at bank and in hand | 54/58 | €18,415 | €2,036 | -€16,379 | -88.9% |
| Total equity and liabilities | 10/49 | €60,793 | €68,964 | +€8,171 | +13.4% |
| Equity | 10/15 | €40,352 | €50,204 | +€9,851 | +24.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €45,722 | €55,573 | +€9,851 | +21.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,862 | €53,713 | +€9,851 | +22.5% |
| Profit (loss) carried forward | 14 | -€11,570 | -€11,570 | = | 0.0% |
| Amounts payable | 17/49 | €20,440 | €18,760 | -€1,680 | -8.2% |
| Amounts payable within one year | 42/48 | €20,440 | €18,760 | -€1,680 | -8.2% |
| Trade debts | 44 | €16,679 | €14,841 | -€1,838 | -11.0% |
| Suppliers | 440/4 | €16,679 | €14,841 | -€1,838 | -11.0% |
| Taxes, remuneration and social security | 45 | €3,761 | €3,919 | +€158 | +4.2% |
| Taxes | 450/3 | €3,761 | €3,919 | +€158 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,067 | €961 | -€106 | -9.9% |
| Other operating charges | 640/8 | €345 | €390 | +€46 | +13.2% |
| Gross operating margin | 9900 | €29,485 | €20,771 | -€8,714 | -29.6% |
| Operating profit (loss) | 9901 | €28,073 | €19,420 | -€8,653 | -30.8% |
| Financial income | 75/76B | €1,281 | €2,135 | +€854 | +66.7% |
| Recurring financial income | 75 | €1,281 | €2,135 | +€854 | +66.7% |
| Financial charges | 65/66B | €4,273 | €3,995 | -€278 | -6.5% |
| Recurring financial charges | 65 | €4,273 | €3,995 | -€278 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €25,081 | €17,560 | -€7,521 | -30.0% |
| Income taxes | 67/77 | €6,522 | €6,709 | +€187 | +2.9% |
| Profit (loss) for the period | 9904 | €18,559 | €10,851 | -€7,708 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,559 | €10,851 | -€7,708 | -41.5% |
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 30 September 2026 via checked.be.