VALIK: 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.
VALIK
Largest movements
- Cash +€270,215
up €270,215 (+377.1%), from €71,651 to €341,866
mainly Current investments (+€120,000) and Other debts (+€68,741)
- Current investments -€120,000
no longer reported in 2024 (was €120,000)
- Tangible fixed assets -€24,128
down €24,128 (-11.8%), from €205,174 to €181,045
- Other debts +€68,741
up €68,741 (+27.2%), from €252,614 to €321,355
- Reserves +€56,025
up €56,025 (+63.5%), from €88,270 to €144,295
- Financial income +€27,450
up €27,450 (+79.9%), from €34,369 to €61,819
- Gross operating margin +€7,911
up €7,911 (+32.4%), from €24,388 to €32,299
- Depreciation -€942
down €942 (-2.9%), from €32,106 to €31,164
- Other operating charges +€364
up €364 (+5.5%), from €6,565 to €6,929
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,470,284 | €1,595,658 | +€125,375 | +8.5% |
| Fixed assets | 21/28 | €1,271,841 | €1,247,712 | -€24,128 | -1.9% |
| Tangible fixed assets | 22/27 | €205,174 | €181,045 | -€24,128 | -11.8% |
| Land and buildings | 22 | €205,174 | €181,045 | -€24,128 | -11.8% |
| Financial fixed assets | 28 | €1,066,667 | €1,066,667 | = | 0.0% |
| Current assets | 29/58 | €198,443 | €347,946 | +€149,503 | +75.3% |
| Amounts receivable within one year | 40/41 | €2,859 | €4,719 | +€1,860 | +65.0% |
| Trade receivables | 40 | €2,859 | €3,564 | +€705 | +24.6% |
| Other amounts receivable | 41 | - | €1,155 | +€1,155 | |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €71,651 | €341,866 | +€270,215 | +377.1% |
| Deferred charges and accrued income | 490/1 | €3,932 | €1,361 | -€2,572 | -65.4% |
| Total equity and liabilities | 10/49 | €1,470,284 | €1,595,658 | +€125,375 | +8.5% |
| Equity | 10/15 | €1,216,937 | €1,272,962 | +€56,025 | +4.6% |
| Contributions | 10/11 | €1,128,667 | €1,128,667 | = | 0.0% |
| Reserves | 13 | €88,270 | €144,295 | +€56,025 | +63.5% |
| Distributable reserves | 133 | €88,270 | €144,295 | +€56,025 | +63.5% |
| Amounts payable | 17/49 | €253,347 | €322,697 | +€69,350 | +27.4% |
| Amounts payable within one year | 42/48 | €253,347 | €322,697 | +€69,350 | +27.4% |
| Trade debts | 44 | €733 | €1,342 | +€609 | +83.0% |
| Suppliers | 440/4 | €733 | €1,342 | +€609 | +83.0% |
| Other amounts payable | 47/48 | €252,614 | €321,355 | +€68,741 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,106 | €31,164 | -€942 | -2.9% |
| Other operating charges | 640/8 | €6,565 | €6,929 | +€364 | +5.5% |
| Gross operating margin | 9900 | €24,388 | €32,299 | +€7,911 | +32.4% |
| Operating profit (loss) | 9901 | -€14,283 | -€5,794 | +€8,489 | +59.4% |
| Financial income | 75/76B | €34,369 | €61,819 | +€27,450 | +79.9% |
| Recurring financial income | 75 | €34,369 | €61,819 | +€27,450 | +79.9% |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €20,085 | €56,025 | +€35,939 | +178.9% |
| Profit (loss) for the period | 9904 | €20,085 | €56,025 | +€35,939 | +178.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,085 | €56,025 | +€35,939 | +178.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.