ValiFlex: 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.
ValiFlex
Largest movements
- Cash +€20,738
up €20,738 (+21.9%), from €94,750 to €115,488
mainly Net result for the year (+€23,013) and Receivables within one year (+€417)
- Reserves +€23,013
up €23,013 (+28.4%), from €81,166 to €104,178
- Tax, wage and social debts -€2,570
down €2,570 (-7.3%), from €35,448 to €32,878
- Gross operating margin -€85,767
down €85,767 (-71.4%), from €120,177 to €34,410
- Taxes -€23,606
down €23,606 (-71.0%), from €33,242 to €9,636
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 | €127,000 | €147,322 | +€20,321 | +16.0% |
| Current assets | 29/58 | €127,000 | €147,322 | +€20,321 | +16.0% |
| Amounts receivable within one year | 40/41 | €32,251 | €31,834 | -€417 | -1.3% |
| Trade receivables | 40 | €22,251 | €17,182 | -€5,069 | -22.8% |
| Other amounts receivable | 41 | €10,000 | €14,652 | +€4,652 | +46.5% |
| Cash at bank and in hand | 54/58 | €94,750 | €115,488 | +€20,738 | +21.9% |
| Total equity and liabilities | 10/49 | €127,000 | €147,322 | +€20,321 | +16.0% |
| Equity | 10/15 | €87,366 | €110,378 | +€23,013 | +26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,166 | €104,178 | +€23,013 | +28.4% |
| Distributable reserves | 133 | €81,166 | €104,178 | +€23,013 | +28.4% |
| Amounts payable | 17/49 | €39,635 | €36,944 | -€2,691 | -6.8% |
| Amounts payable within one year | 42/48 | €39,635 | €36,944 | -€2,691 | -6.8% |
| Trade debts | 44 | €1,394 | €1,273 | -€121 | -8.7% |
| Suppliers | 440/4 | €1,394 | €1,273 | -€121 | -8.7% |
| Taxes, remuneration and social security | 45 | €35,448 | €32,878 | -€2,570 | -7.3% |
| Taxes | 450/3 | €35,448 | €32,878 | -€2,570 | -7.3% |
| Other amounts payable | 47/48 | €2,794 | €2,794 | = | 0.0% |
| Other operating charges | 640/8 | €711 | €1,077 | +€366 | +51.4% |
| Gross operating margin | 9900 | €120,177 | €34,410 | -€85,767 | -71.4% |
| Operating profit (loss) | 9901 | €119,466 | €33,333 | -€86,133 | -72.1% |
| Financial charges | 65/66B | €676 | €685 | +€9 | +1.3% |
| Recurring financial charges | 65 | €676 | €685 | +€9 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €118,790 | €32,648 | -€86,142 | -72.5% |
| Income taxes | 67/77 | €33,242 | €9,636 | -€23,606 | -71.0% |
| Profit (loss) for the period | 9904 | €85,548 | €23,013 | -€62,536 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,548 | €23,013 | -€62,536 | -73.1% |
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 6 October 2026 via checked.be.